Rivaba Jadeja and new Deputy Chief Minister Harsh Sanghvi were among 26 ministers sworn into Gujarat’s revamped cabinet on Friday.
JSW Steel hit all-time highs and Tata Steel a 15-month peak as metals gained 20% in six months, driven by global price recovery, US rate-cut hopes and GST-driven demand
JP Morgan has raised Tata Steel's share price target to ₹195 from ₹180, implying an upside potential of 14 per cent from current levels.
Steel stocks outlook: Moody's anticipate that steel demand in India will grow at a 5-7% CAGR until 2030, fueled by infrastructure spending, construction projects and expansion in industrial production
Moody's Ratings upgraded its outlook on domestic steel major JSW Steel and its US-based arm Periama Holdings LLC to positive from stable. The change in outlook reflects JSW Steel's meaningful expansion in operating scale, reinforcing its position as India's largest steel producer, Hui Ting Sim, a Moody's Ratings Assistant Vice President and Analyst said in a report on Wednesday. Hui Ting Sim said the ramp-up of operations at recently completed projects will drive higher earnings and support sustained improvement in the company's credit metrics. The rating action also reflects our expectation that JSW Steel will implement its growth plans with financial discipline, and it will proactively manage the refinancing of significant debt obligations, the analyst said. "Moody's Ratings (Moody's) has changed the outlook on JSW Steel Limited (JSW Steel) and Periama Holdings LLC's (Periama Holdings) ratings to positive from stable," the report said. On the rationale behind the move, Moody's s
Stocks to Watch today, September 30, 2025: From IRFC, Tata Steel to Mahindra & Mahindra, here is a list of stocks that will be in focus
The Supreme Court upheld JSW Steel's ₹19,700 crore resolution plan for Bhushan Power and Steel, dismissing objections from former promoters and lenders and affirming CoC's primacy
The Supreme Court has upheld JSW Steel's ₹19,700-cr Bhushan Power takeover plan, and rejecting lenders' demand for share of Ebitda
India's steel sector gains from Chinese production cuts, resilient domestic demand and export momentum, though near-term margins face seasonal weakness and input cost pressure
The brokerage has raised its target on JSW Steel and Jindal Steel by 7 per cent and 6 per cent, respectively, projecting Ebitda CAGR) of 25-27 per cent during FY25-28F across its coverage universe
In the past one week, the stock zoomed 46 per cent, as against a marginal 0.12 per cent rise in the benchmark index
Bharti Airtel continues to display a strong price structure, sustaining its steady uptrend, while SBI has registered a breakout after consolidating in a narrow range for nearly five months
The journey from 1.6 mt of steel capacity in 2002 to 35.7 mt (including 1.5 mt in the US) has been driven by a mix of acquisitions and organic growth
Technical charts suggests that steel stocks are favourably placed on the charts, and could see a multi-month rally with a potential upside up to 24 per cent from here.
JSW Steel is well-positioned to benefit due to its significant domestic presence and focus on flat steel products, supported by expanding margins from higher HRC prices
IFCI invites counter-bids for Rs 869 crore of bad loans from ACCIL after receiving an anchor bid of Rs 50 crore, translating into a recovery of just 5.75%
Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports
Both the steel makers signed non-binding heads of agreement (HoA) in Mumbai, according to a joint statement issued by the companies on Monday
Odisha being considered as a potential site; final terms of the agreement are subject to feasibility and approvals
The Supreme Court on Monday reserved its verdict on a batch of pleas related to JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief Justice B R Gavai and Justices Satish Chandra Sharma and K Vinod Chandran heard arguments from Solicitor General Tushar Mehta for the committee of creditors (CoC), senior advocate Neeraj Kishan Kaul for JSW Steel, and senior advocate Dhruv Mehta for the former promoters before reserving the verdict. As many as five pleas were heard afresh after the CJI-led bench, on July 31, recalled its May 2 verdict that had directed liquidation of BPSL and set aside JSW's resolution plan, criticising the conduct of the CoC, the resolution professional, and the National Company Law Tribunal (NCLT) for what it termed a flagrant violation of the Insolvency and Bankruptcy Code (IBC). One of the key issues was whether earnings before interest, tax, depreciation, and amortisation (EBITDA) ...