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Business News Today: Read latest breaking headlines for Business news, Financial news, Stock/Share market & Indian Economy news & updates on Businessline.
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News
JSW Steel reports surge in Q4 profits driven by record sales and joint venture
3+ mon, 4+ week ago (391+ words) JSW Steel on Thursday reported a sharp rise in fourth-quarter earnings, aided by record steel sales, higher realisations and an exceptional gain from the transfer of its Bhushan Power & Steel Ltd (BPSL) steel business to a joint venture with Japan’s…...
Jindal Steel becomes India's first diversified large enterprise recognised as an Awarding Body by NCVET
11+ mon, 2+ week ago (192+ words) Jindal Steel has set a new benchmark by becoming the country's first large, diversified enterprise and the first integrated steel manufacturer to be recognised as an Awarding Body by the National Council for Vocational Education and Training (NCVET). This milestone…...
JSW One Platforms raises ₹575 cr from SBI, JSW Steel, others
11+ mon, 6+ day ago (264+ words) JSW One Platforms, a B2B e-commerce marketplace, has raised ₹575 crore. The round, initiated in May, witnessed participation from marquee investors including the State Bank of India, Principal Asset Management, One-Up, International Conveyors, Scarlett Ventures and JSW Steel. The fresh capital will…...
Cut in gas supply puts many steel companies in the dock
5+ mon, 4+ week ago (472+ words) supply for industrial use has forced many steel companies to either cut production or focus on value-added...depend on how quickly these issues are resolved. Companies such as Triveni Iron and Steel Industries have...
Tata Steel, JSW Steel, Jindal Steel, SAIL: What’s Ahead For India’s Steel Sector?
7+ mon, 2+ week ago (366+ words) monitorable for the steel sector. All the four companies are on an expansionary mode. Tata Steel (primarily...by 30-50 per cent in the next three years. The companies’ balance sheets to support the expansion are...EBITDA, has improved significantly from FY20. But…...
Investments in green energy projects to protect metal cos’ margins amidst import worries
9+ mon, 2+ week ago (348+ words) in handy in reducing costs for metal and mining companies when dumping of metals have eroded profitability...Research, SMC Global Securities said that metal companies are aggressively banking on green energy and...green-tech pivot the only reliable way for metal…...
Sweden-based industrial heating and resistance materials company Kanthal expands in Hosur
11+ mon, 1+ week ago (274+ words) Robert Stal, President, Kanthal Sweden-based Kanthal is a global supplier of products for industrial heating technology and resistance materials with fine dimension wire being one of the core offerings. In 1988, Kanthal established its operation in Hosur. Since then, the company’s…...
Steel cos gear up for further hike in prices
5+ mon, 2+ week ago (383+ words) including coking coal alongside shipping cost Steel companies are gearing up for substantial increase in prices...of the ongoing war in West Asia. Though steel companies have increased prices of late to offset iron...
Why India’s steel SMEs must prepare for CBAM
5+ mon, 1+ week ago (88+ words) Implications for steel SMEs Why SMEs are at a disadvantage At the same time, if exports to the EU contract, larger producers may redirect supply towards domestic markets, intensifying competition in already fragmented segments. Thus, SMEs could face pressure both…...
UK, US to sign multibillion-dollar tech deal during Trump's visit
11+ mon, 4+ week ago (214+ words) announced during Trump's state visit next week, Sky News reported on Saturday. Since the start of the year,...international offices in London, while UK-based companies like DeepMind continue to invest in trans-Atlantic...