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STEEL INDUSTRY DOWNTURN
Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. S...- Inside Anil Agarwal’s $100bn vision: Vedanta Resources plans to relist with US as a likely targetVedanta's Anil Agarwal is listing four companies simultaneously. This move aims to unlock significant growth potential across its businesse...
- Collapse is near: Trump's window to resolve Iran crisis closing fastWest Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil su...
- Sensex falls 160 points, Nifty closes below 23,650 as rupee breaches 96Indian stock markets ended Friday in the red, with Sensex and Nifty erasing morning gains as the rupee hit a record low against the dollar ...
- Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
- LIC’s $2 billion contrarian bet: 10 stocks the DII giant bought while the market bledLife Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's market fall. LIC bought shares in co...
- Jindal Steel, Thyssenkrupp pause talks on steel unit stakeThyssenkrupp AG and Jindal Steel International have paused discussions on a potential stake sale in the German firm’s steel unit. The compa...
- JSW Steel's unit seeks government help to secure gas supplies amid shortagesUS-Israel Iran War: JSW Steel Coated Products, a major Indian steel producer, is asking the government for help to secure vital gas supplie...
- Chinese steel pressuring global steel market, India engaging with govt to ensure level playing field: JSW Steel's JindalJindal, speaking at the annual general meeting, said that as a result of weakened global market for steel and higher imports of the metal i...
- ArcelorMittal expects India to be active on M&A in steel, mineThe country has become the world's third largest steel consumer after China and the US and is the world's third largest steel producer afte...
- Tata Steel Europe announces restructuring, to cut 500 jobs in UKThe proposals come amid a prolonged downturn in demand for some of the key products, including the UK market, which is about half of 2007 l...
- JSW's US business may turn in profits next yearThe country’s third-largest steel maker JSW Steel expects its US business to start making profits from next year, a top company executive s...
- More ore to keep steel on a roll: Virbhadra SinghThere is a need to widen the base of public ownership of PSUs. If the man on the street has a stake in the ownership of our PSUs, the quali...
- Steelmaker Corus says could cut 366 more British jobsSteelmaker Corus said that it could cut another 366 jobs at a plant in Scunthorpe, northeastern England, owing to weak steel demand in the ...
- Railway Budget 2009-10: No good(s) stuff & loads of woes for cargo sectorMamata Banerjee failed to meet the expectations of the industry, which was hoping for some relief in freight tariffs to help it tide over t...
- Despite slowdown, M&A imp business strategy in steelDespite the current slowdown in consolidation within the global steel industry, mergers and acquisitions (M&A) remain a critically importan...
- ArcelorMittal's India projects may be delayed by two yearsArcelorMittal is likely to overshoot the 2012 deadline to complete the $20-billion India project by nearly two years.
- Corus to cut 400 jobs from distribution bizThe slowdown has finally caught up with Tata Steel. The steel major’s international arm, Corus, on Friday cut about 400 jobs from its distr...
- Power sector may miss 11th Plan targets: AssochamThe government may have to revise upwards investment in the power sector to meet the target of generating 70,000 MW more power in the 11th ...
- 'Indian steel cos can survive downturn'Peter Marcus, managing partner, WSD, moves swiftly from industry’s troubles in India to China's grim future.
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