Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «steel»

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 44

20 September, 2018 11:25 AM SAIL's modernisation, expansion programme near completion: CMD

State-owned steel maker SAIL has almost completed its around Rs 72,000 crore modernisation and expansion programme, a top company official said Thursday. SAIL had undertaken the modernisation and expansion programme to increase its capacity to 21 million tonnes per annum (MTPA). The financial year 2017-18 witnessed several landmark achievements through 39

18 September, 2018 7:25 AM US willing to exempt Indian steel, aluminium exports from high tariff with riders: Report

The United States is willing to grant a conditional waiver to Indian steel and aluminium products from higher import tariff, television channel ET NOW said on Tuesday citing sources. India has written to the US government seeking exemption from the 25 percent levy on steel and 10 percent on aluminium as exports of the two products from India did not pose a security 49

18 September, 2018 4:42 AM SBI to sell 8 NPAs to recover dues worth over Rs 3,900 cr

The country's largest lender State Bank of India will sell eight non-performing assets to recover dues worth over Rs 3,900 crore and has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs). "In terms of the bank's revised policy on sale of financial assets in line with the regulatory guidelines, we place these accounts 32

18 September, 2018 3:59 AM Sensex Up Nearly 100 Points, Nifty At 11,388

The domestic stock markets started Tuesday's session on a positive note. The S&P BSE Sensex opened at 37,660.19 and the Nifty50 index of the National Stock Exchange (NSE) at 11,381.55. At 9:20 am, the 30-share Sensex was up 96.08 points or 0.26 per cent to 37,681.59 and the 50-share Nifty gained 10.80 points or 0.09 per cent to 11,388.55. The top five gainers 43

17 September, 2018 6:14 AM JSPL rises 2% as Citi maintains buy with upside potential of 71%

The favorable steel market dynamics are going to help capacity ramp-up and valuations are still very attractive. Shares of Jindal Steel & Power (JSPL) rose more than 2 percent intraday Monday as research house Citi maintained buy with upside potential of 71 percent. According to Citi, FY18 annual report shows growth in cash flow, also debt pay-down has started 48

16 September, 2018 5:59 AM US To Impose Tariffs On $200 Billion In Chinese Goods: Reports

US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported. Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent. Trump has already imposed 25 percent tariffs on steel imports 53

14 September, 2018 1:42 PM Shri Bajrang Power and Ispat files DRHP with SEBI, to raise Rs 500 cr via IPO

Shri Bajrang Power and Ispat, the flagship company of the Goel Group of companies, has filed draft red herring prospectus with capital market regulator SEBI for initial public offering of Rs 500 crore. The net issue proceeds will be utilised towards repayment of certain borrowings (Rs 375 crore); and for General corporate purposes. In addition to its existing 77

10 September, 2018 10:09 PM ArcelorMittal sweetens offer for Essar Steel;submits revised proposal to CoC

New Delhi: World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders Monday. Without disclosing the amount, the Luxembourg-headquarterd firm said that it has submitted a revised proposal to Essar Steel India Ltd's (ESIL) Committee of Creditors 96

10 September, 2018 9:58 AM Robust steel demand to keep end-product prices high: Moody's

Moody's Investors Service Monday said robust steel demand, especially from the domestic construction, infrastructure and automotive sectors will keep end-product prices high, even as rising costs for key inputs, coking coal and iron ore pressure profitability. In its latest report, Moody's said the outlook for the Asian steel industry is stable, reflecting 49