Steel
SAIL, ArcelorMittal finalise terms of Rs5,000-cr joint venture: reports
01 Jun 2017
ArcelorMittal may follow up the joint venture with a ramp-up of its India presence through purchase of stake in three of SAIL's weak units, reports pointed out
Tata Steel plunges to Rs1,168-cr Q4 loss on UK pension deal
17 May 2017
Tata Steel’s losses come at a time when all other major steel makers in India have reported profits
Thyssenkrupp workers erupt in protest over Tata Steel merger
04 May 2017
Thousands of Thyssenkrupp steelworkers have protested against the German industrial group's plan to merge its European steel operations with those of Tata Steel
National steel policy aims at 300 million tonne capacity by 2030-31
04 May 2017
The new steel policy focuses on enhancing domestic consumption, quality steel production and making the sector globally competitive
Local sourcing norms to boost Indian steel industry
03 May 2017
The government is expected to come out with a new policy that makes local sourcing of steel mandatory for all state infrastructure projects
Tata Steel UK completes sale of Specialty Steels business to Liberty House
03 May 2017
The specialty steels division is one of the world's biggest suppliers to the aerospace industry, with customers that include Rolls-Royce, Boeing and Airbus, and the automotive and oil and gas industries
Creditors oust Usha Martin chairman to facilitate asset sale
26 Apr 2017
Selling a property worth Rs2,500 crore to recover Rs5,000 crore would amount to writing off Rs2,500 crore, a decision that ordinary people may not digest
Liberty House to bid for bankrupt Essar project in the US
26 Apr 2017
Essar had invested around $1.8 billion into the Nashwauk project over several years but walked away from it in late 2015 due to shortage of cash even after having taken over $1 billion in debt from a consortium of Indian banks to fund the project
Posco India surrenders land acquired for 12-mt project
20 Mar 2017
Posco has clarified that surrendering the acquired land does not imply it would cancel the long-delayed project
Tata Steel may call off merger plans with Thyssenkrupp: report
06 Mar 2017
Tata Steel, which is trying to sort out its £15-billion British pensions puzzle, would be sinking into deeper waters with the merger, says the report
Tata Steel UK workers accept company’s rescue proposal
16 Feb 2017
Tata Steel UK workers have voted in favour of proposals to de-risk the struggling business of an unsustainable pension plan, potentially saving 8,000 jobs, although with reductions to their pension benefits
Tata Steel UK to sell Speciality Steels division to Liberty House for $126 mn
10 Feb 2017
The Speciality Steels division is one of the world's biggest suppliers for the aerospace industry, with customers that include Rolls-Royce, Boeing and Airbus, and the automotive and oil and gas industries
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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