Tata Steel’s Profit Surges on Price Gains, India Expansion Push
Iron ore suppliers in India are ramping up capacity to cater to the growing export market.
Hindalco’s U.S. unit Novelis Inc. reported a drop in second-quarter earnings from a year earlier.
Lakshmi Mittal’s Arcelor was chosen as preferred bidder for Essar Steel after going through multiple rounds of bidding for asset.
However, legal challenges by other bidders such as Russia’s VTB Capital could pose risks to any potential deal.
Gold buyers in India, the biggest market after China, may give jewelry stores a miss in the run-up to Diwali.
Jindal Steel repaid most of its dues and the company is now working with banks to exit the program by the end of the fiscal year.
Arcelor to Clear $1 Billion in Dues as Essar Deadline Looms
Creditors of Bhushan Power & Steel are poised to name JSW Steel as the preferred bidder in a sale.
India has just completed its biggest city gas distribution auction that would extend coverage to more than half of its population.
More supplies of iron ore will be required as the India is set to overtake Japan as the world’s second-biggest steel producer.
India's Top Court Clears Third Round of Bidding for Essar Steel
India raised customs duties on products ranging from aviation fuel to footwear.
KM Birla, chairman of AB Group, said that his group is always looking to acquire companies in the U.S., Europe and India.
ArcelorMittal Boosts Essar Steel Bid to $5.8 Billion
The two Indian producers, HEG and Graphite India, which together account for about a quarter of global supply,
The battery maker is in the process of building a 100 megawatt-hour assembly plant in Andhra Pradesh.
Company looking at splitting steel, power, global businesses.
Production for the April-August period advanced 12 percent to 216.23 million tons.
The usual spend of 200 grams to 1 kilogram of gold per wedding in Kerala may drop 50 percent in the next month.
Tata Steel Climbs After Quarterly Profit Doubles on Demand Boom