All stories by Aditi Divekar
High coal price to weigh on steel cos' Q2 earnings
Rediff.com14 Oct 2021Rising prices of international coal - both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said brokerages.
Vedanta to invest $20 bn across businesses, double silver and steel output
Rediff.com11 Aug 2021With a robust outlook for mineral-led growth in India, Anil Agarwal-led Vedanta Limited is looking to invest up to $20 billion across its businesses, which includes doubling of silver production and steel capacities. In a virtual press conference had last month, Agarwal said the company planned a capex of $5 billion over a period of three years. The company has not given a timeline for $20-billion investment.
High Covid toll sounds death knell for cement industry
Rediff.com15 Jun 2021With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
Shipping cos gain as Baltic Dry index touches 10-year high
Rediff.com6 May 2021Meanwhile, with China switching its trading partners due to geo-political issues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with tonne miles going up.
Centre's divestment plan: A stress test for zombie steel plants
Rediff.com30 Apr 2021With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Reliance shareholders vote to demerge oil-to-chemicals business
Rediff.com3 Apr 2021With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Adani Enterprises becomes third group firm to hit Rs 1-trn market cap
Rediff.com4 Mar 2021Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap.
Post-COVID war chest: Tata Steel plans to raise up to Rs 10,000 crore
Rediff.com13 Apr 2020A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
Domestic warehousing struggles with reduced staff
Rediff.com1 Apr 2020JNPT, the country's largest container port, would soon move into congestion if cargo does not get lifted by importers in the next few days.
Domestic firms eye defence sector; plan to cut imports
Rediff.com20 Feb 2020The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
Another coronavirus fallout: India's shipping business
Rediff.com15 Feb 2020'The coronavirus impact is much bigger than what the market had predicted. We are helpless and simply watching the market at present. Nothing can be done,' said Anil Devli, chief executive officer (CEO) of Indian National Shipowners' Association (INSA).
Shipping freight market defies ongoing trade war
Rediff.com9 Sep 2019Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently.
Brokerages advise investors to stay away from Vedanta shares
Rediff.com4 Feb 2019Brokerages put sell notice on Vedanta shares over the company's move to buy Volcan Investments' stake in Anglo American via subsidiary Cairn India Holdings, reports Aditi Divekar.
How Naturals plans to woo Gen Y ice cream lovers
Rediff.com2 Feb 2019While the brand did step into cities such as Delhi in the last few years, it is now stitching up an expansion strategy aimed at partaking of growth in areas where consumption of ice cream remains strong.
Sterlite shooting may dent Vedanta's brand image
Rediff.com7 Jun 2018The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
The Sarod Brothers and their Erod
Rediff.com15 May 2017Sarod brothers Amaan and Ayaan Ali Bangash are waiting to take their creation, the Erod, to the world.
Why steel products will become costlier from April
Rediff.com22 Mar 2017JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market
'As long as you are not deforming the music, it is fine'
Rediff.com22 Mar 2017An increasing number of young classical musicians are dabbling in fusion music, discovers Aditi Divekar.
Tough times ahead for India's steel producers
Rediff.com24 Feb 2017Traders blame demonetisation for subdued demand in retail segment
Brexit is Tata Steel's additional headache
Rediff.com27 Jun 2016'Brexit might delay the sale process of Tata Steel's UK operations'.