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12 October, 2018 10:06 AM ArcelorMittal signs pact to sell 4 European steel plants to Liberty House

Steel and mining major ArcelorMittal on Friday said it has entered into a pact to sell four of its European steel plants to Liberty House. The four assets are part of a divestment package that ArcelorMittal agreed with the European Commission (EU) related to its acquisition of Ilva SpA (Ilva), it said. In a statement ArcelorMittal said it "has received 61

11 October, 2018 3:36 PM Punjab farmers burn stubble, claim fire-crackers contribute to pollution too

Farmers in Punjab's Patiala on Thursday burned stubble stating that they have no other alternative. The farmers added that celebrations during Dussehra and Diwali is the cause of pollution in the national capital. Adding that their loans have also been waived off by the government, the farmers said, "We have no alternative. The government has not even waived 65

4 October, 2018 10:59 AM Honda To Expand Two-Wheeler Production Capacity To 7 Million Units In India By FY2020-21

Honda 2Wheeler India will be expanding production at its scooter-only Vithalapur plant in Gujarat to 1.8 million by FY2020-21, taking the total annual production capacity to 7 million. Honda Motorcycle & Scooter India (HMSI) has announced that it will be expand the annual production capacity of its fourth two-wheeler production plant located at Vithalapur 57

2 October, 2018 10:19 AM Railways Plants More Than 13 Lakh Trees Within Part Of Its Network

Indian Railways has planted 13.26 lakh trees over 1,300 km of its network from September 15 to October 2, as part of the celebrations to mark the 149th birth anniversary of Mahatma Gandhi, an official statement said today. The Railways ministry was observing 'Swachhta Hi Sewa Pakhwada' across its network during the period. On Tuesday, Railways administered 63

1 October, 2018 9:52 AM NGT seeks info from Bihar govt on dealing with bio-waste at 23,684 hospitals

The National Green Tribunal has directed the Bihar government to submit complete details about the units generating bio-medical waste and share as to how does it plan to deal with the trash generated by 23,684 hospitals and nursing homes in the state. A bench of Justice R S Rathore and expert member S S Garbyal directed the Executive Director of the State 61

1 October, 2018 7:23 AM Skoda Kodiaq Hits 250,000th Production Milestone

The Skoda Kodiaq achieved the milestone in 23 months of launch with production taking place at six plants globally. The Skoda Kodiaq was first introduced in 2016 globally and is the automaker's first-ever full-sized SUV. The model has turned out to be a popular seller for the Czech manufacturer and recently hit a production milestone of 250,000 units 73

27 September, 2018 9:52 AM Ideas for Profit: Strong financials, attractive valuation make Automotive Axles a long-term buy

Market leadership, marquee clientele, operating leverage, lean balance sheet and strong financial performance should support earnings, going forward. The business is also gearing itself for upcoming EV wave and trades at reasonable valuations that beckons investor’s attention Automotive Axles (AAL) is a provider of rear drive axle assemblies to commercial 75

26 September, 2018 12:40 PM NMDC to spend Rs 6,500 crore towards capex in FY19 and FY20

According to chairman cum managing director of NMDC, Baijendra Kumar the centre has put on hold the disinvestment plan of the steel plant 'as of now'. State-owned NMDCÂ said it has plans to invest nearly Rs 6,500 crore in financial year 2019 and 2020 towards capex even as the miner is expected to start production from its upcoming 3-million tonnes per annum 56

22 September, 2018 2:17 PM Tata Steel signs agreement to acquire Usha Martin unit

Sources put the deal size at Rs 4,600 crore Tata Steel has signed agreement to acquire the steel business of Usha Martin in a deal sources put at Rs 4,600 crore. The Tata company on Saturday said it has signed definitive agreement for the acquisition. But an executive added that the final valuation will depend on impairment of some assets and risk mitigation 70

17 September, 2018 1:17 PM Sterlite Tech aims 10% global fibre market share by June 2020

"We are now looking to move fibre market share from 6-7 percent to 10 percent of global by June 2020," Agarwal said. Broadband technology provider Sterlite Tech is looking at commanding 10 percent share of the global fibre market by June 2020, company's chief executive Anand Agarwal said. The company is also focussed on enhancing production capacity 54