While realisations take a hit, pressure on margins may intensify with input costs remaining steady.
The firm says the overall impact of the current situation on operations and financials yet to be assessed, management is keeping a close watch
Tata Steel is closing down its downstream standalone units in Maharashtra and Uttar Pradesh in line with guidance from respective states
CFOs, analysts say moratorium on interest is key to tide over crisis
The outbreak has already disrupted supply chains as well as production and would lead to job losses, warn analysts
While the Indian equities were isolated from the global rout till early February, the downfall began when the virus began to spread outside mainland China, its originating country.
The NCDs are proposed to be listed on the wholesale debt market segment of the BSE
The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share
It had in November decided to cut 3,000 jobs across its European business
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
For Tata Steel, keep a stop at 380 and go short
The steel manufacturer's on ground delivery and distribution network rose 11 per cent year-on-year (y-o-y) in Q3 or December quarter of this fiscal
Motera cricket stadium, located in Ahmedabad district of Gujarat, has the seating capacity of 110,000
The IMF has predicted the epidemic would shave 0.1 percentage points off global growth
While investors will continue to monitor developments on the coronavirus front, the release of India's December quarter GDP numbers on Friday will be another top trigger for the markets
Once Nifty surpasses 12,160, we may see Nifty retesting of 12,220 - 12,250 levels
steel major, however, will take a cautious approach at the capital allocation for the next financial year, they said
The Indian economy remained weak during the quarter and domestic steel prices reached a nadir in October 2019, the company said.
Two units set to start operations in 4-5 months
The firm's consolidated bottom line was a loss at Rs 1,228 crore, against a profit of Rs 1,753-crore profit reported in the same period last year