Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
It is the latest global company to cut ties with the country for invading Ukraine.
A stock split is generally undertaken to make the stock more affordable to small retail investors and increase liquidity
The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.
On May 3, Tata Steel board will also consider the company's quarterly and annual earnings at the meeting along with a dividend payout
Rate sensitive related shares such as auto, banks, NBFCs and realty are likely to be in limelight owing to the RBI policy on Friday.
Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its wholly-owned subsidiary Tata Steel Mining Limited, for the acquisition of debt-laden Rohit Ferro-Tech Limited. On June 6, 2021, Tata Steel had informed that the Committee of Creditors (CoC) in terms of the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016, declared Tata Steel Mining Limited as the successful resolution applicant for the acquisition of Rohit Ferro-Tech Ltd, subject to necessary regulatory approvals including approval from the NCLT Kolkata bench. The NCLT on April 7, 2022, "orally pronounced its Order approving the Resolution Plan submitted by TSML for acquisition of Rohit Ferro-Tech Limited," Tata Steel said in a regulatory filing. However, Tata Steel did not divulge any further details related to its resolution plan in the filing. In a bid to augment its ferro alloys processing capacities, Tata
Its total sales, however, rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period
GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer
Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world
The acquisition will be completed within two months from the date of execution of the asset transfer agreement, the company said
Noel Tata is also the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and the vice-chairman of Titan Company.
The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.
The changes will take effect on Monday.
Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.
'Coking coal went up to $650 a tonne and iron ore crossed $150 a tonne. Not just that, all other elements that go into steelmaking have shot up. So have freight rates,' says T V Narendran
The steelmaker used to buy 10-15 per cent of its coal requirements from Russia for use in pulverised coal injection, Tata Steel Managing Director said
The positional trend for the metal Index has been bullish
Lupin may be in focus as it has launched its first Reference Laboratory in East India in Kolkata.
NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL