The government is expected to take a decision on further raising import duty on steel within a week, Minister of Heavy Industries and Public Enterprises Anant Geete said, in a bid to protect local producers from surging imports from countries such as
Are MNCs better at generating cash from their companies than their domestic counterparts? Data on dividend seem to suggest so - for FY15, there were four MNCs among the top 10 companies with dividend-earning promoters.
Shares of Tata Steel climbed 1.6% to Rs 309 on the Bombay Stock Exchange (BSE) on reports stating that the company is likely to set up a new company, Tata Steel SEZ in the Special Economic Zone in Odisha.
The consolidated debt of over 250 companies in the steel, construction, infrastructure development, and power generation and distribution sectors rose by around 10 per cent in 2014-15 from the previous year.
As lenders to Electrosteel Steels explore investment proposals from the Tata Group and a Singapore-based investor, analysts feel the move is positive for the indebted and loss-making company but are divided on whether it will be attractive for an
With the intension to further aggrevate its fight against the proposed closure of existing pension scheme at Tata Steel's operations in Britian, trade unions (TUs) are to meet on Friday to decide the course of action post June 22 --- a national day
Britain’s largest trade union, Unite, has said workers of Tata Steel Europe are ready for an indefinite strike if the management does not negotiate on its proposal to scrap the British Steel Pension Scheme.
The finance ministry has imposed anti-dumping duties ranging from $180 to $316 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South Korea in a bid to stem surging imports and protect the domestic industry.
Strike action by steel unions at Tata Steel Europe operations is not expected to have any immediate impact on company's sales as the producer will be having adequate inventories that can last atleast for a fortnight, said analysts.
Major steel producers that have grounded investments of around Rs 2 lakh crore on their projects in Odisha have urged the state government to step up availability of iron ore and chrome ore and soften steep water charges imposed on the units.