Govt okays Neelachal Ispat sale to Tata Steel Long Products; stock rises 6%; Adani Wilmar IPO subscribed 17.36 times; GMP halves in a week; Hotel stocks rally on improved outlook after third wave
Neelachal Ispat is a joint venture of 4 CPSEs and 2 Odisha government PSUs
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT
Industry officials said inventory build-up at various plant locations is also an issue
The Grey Market Premium (GMP) indicates a likely listing gain of 15-20 per cent for Medplus Health Services
Tata Steel said hundreds of tonnes of its products, able to endure the harsh North Sea conditions, will be used for the giant wind farm project located 130 km off the north-east coast of England
Raw material, port facilities, slurry pipe infrastructure make the state a "popular" choice
The ratings agency said that reducing exposure to loss-making overseas units, sustained positive free cash flows at European operations are positives for the steelmaker
India Ratings and Research (Ind-Ra) on Wednesday said it has upgraded Tata Steel's long-term issuer rating to 'AA+' from 'AA'.
The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.
Tata Steel Foundation on Friday said it has commissioned 10 state-of-the-art Pressure Swing Adsorption (PSA) oxygen plants at various locations across Jharkhand.
The removal of "Section 232" - 25 per cent tariffs by the US while allowing limited volumes of steel from the European Union - should also augur well for TSE
The company has set a target of creating a 25 per cent diverse workforce by 2025
The floods in South India had an impact on construction activity, as have pollution curbs in the National Capital Region, said Chatterjee
AUS will use drones to survey Tata Steel mining sites, verify bulk inventory at all 23 locations across multiple Tata Steel entities, monitor progress at Kalinganagar complex
The street will also keep an eye on pace of debt reduction and cash flows
In a telephonic Q&A, T V Narendran talks about the strengthening domestic demand in the remaining part of the fiscal and the firm's plan to offer captive ore for open market sale
In the primary market, Latent View Analytics IPO witnessed frenzied demand, and was subscribed over 305 times with strong demand from non-institutional investors