Ishita Ayan Dutt

BAT to sell up to 15.3% stake in ITC Hotels via block trade process

BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026

JSW-JFE 50:50 joint venture puts spotlight on Indian steel market

JSW Steel and Japan's JFE Steel will jointly own BPSL in a 50:50 venture, marking renewed global interest in India's steel sector as companies chase long-term growth opportunities

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

Why Tata Steel wants a helping hand in the UK as challenges mount

The Indian steelmaker's aim to turn around its UK operations faces challenges from the external environment

Battle of the rolls in Bengal: How SIR is deepening political faultlines

The report looks at how the SIR has widened political faultlines, and triggered anxiety among voters, ahead of Assembly polls next year

RPSG Ventures to acquire 40% of FSP Design for ₹455 crore in luxury push

RPSG Ventures has approved a deal to acquire 40 per cent of FSP Design, the parent of luxury label Falguni Shane Peacock, valuing the firm at ₹455.17 crore

10 years on, Kalinganagar complex becomes Tata Steel's growth spine

A project forged through resistance and reinvention now readies for its next leap - towards 16 mtpa capacity

McLeod Russel's debt resolution gains pace as TEV report nears completion

McLeod Russel's debt restructuring talks with NARCL and other lenders have intensified, with consultants expected to submit the techno-economic viability report within weeks as the tea major's revised

Tata Steel UK arm recovery tied to market conditions, not management

Tata Steel's top executives say Q3 prices will soften but higher volumes will offset the impact; Europe to benefit from import curbs, while UK turnaround may take longer

Tata Steel net profit jumps 272% in Q2 on higher sales, cost control

Tata Steel posted a 272% year-on-year jump in consolidated net profit to Rs 3,101.75 crore in Q2FY26, driven by robust India operations, volume growth, and cost transformation efforts

JSW Steel likely to sell 50% stake in Bhushan Power & Steel to Japan's JFE

The stake sale could help scale Bhushan Power & Steel's capacity to 10 million tonnes and strengthen JSW's partnership with Japan's JFE while keeping debt in check

Jindal Stainless Q2 profit rises 32% on higher sales, better product mix

Jindal Stainless posted a 32% rise in Q2 profit to Rs 807 crore, driven by higher sales and strong domestic demand, even as the company flagged pressure from low-cost imports

Emami Q2 profit drops 30% on GST disruption, rain impact on sales

FMCG major Emami posted a 30.2% YoY fall in Q2 profit to Rs 148.35 crore, hit by temporary trade disruption from GST rate changes and heavy rains affecting key product categories

Steely resolve under pressure: Buoyant demand fails to lift steel prices

Buoyant demand has failed to push steel prices amid an increase in production and imports, threatening to slow expansion plans and limit companies' ability to reinvest in capacity addition

Birla Corporation Q2 net profit at ₹90.48 crore on higher cement sales

Birla Corporation posted a consolidated net profit of Rs 90.48 crore in Q2FY26, aided by improved performance in its cement and jute divisions, even as rainfall and price pressure weighed on margins

AM/NS India EBITDA up 34% in September quarter on higher shipments

ArcelorMittal Nippon Steel India's EBITDA rose to $217 million in Q3 2025 as steel shipments increased, though softer prices weighed on overall revenue

Nithia Capital plans 6 mt steel capacity in India, IPO on the cards

The UK-based firm eyes Rs 6,000 crore investment to expand Evonith Steel's capacity and explore acquisitions, with a public issue planned in 18-24 months

ITC Q2 results: Net profit rises 2.7% to ₹5,126.11 cr, revenue down 1.3%

The company reported consolidated gross revenue of Rs 21,255.86 crore for Q2FY26, down 1.3 per cent compared to Rs 21,536.38 crore a year ago

JSW Steel laying groundwork for CBAM regime, says CEO Jayant Acharya

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

Leather exporters eye new markets, domestic demand to offset US tariffs

Exporters expect a 5-8% drop in shipments in FY26 due to higher US tariffs but say strong domestic demand and FTAs will help cushion the impact