‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
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Sajjan Jindal’s steely resolve
JSW Steel is on an expansion spree with demand expected to outstrip supply in the next 10 years.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
Tata Steel Q2 profit rises threefold
Consolidated revenue from operations for the July-September quarter rose 34% to ₹43,544 crore.
Ruias throw the kitchen sink to regain Essar Steel
With the corporate insolvency resolution process for the steelmaker entering its final leg, the company’s promoters offer to clear all dues to retain control.
ArcelorMittal to pay $1 bn for a shot at bidding for Essar Steel
To comply with SC order, the world’s largest steelmaker will clear ₹ 7,469 crore of overdue debts of companies associated with its promoters in order to become eligible to bid for Essar Steel.
SC virtually shuts the door on Ruia attempt to get back Essar Steel
The apex court finds Rewant Ruia’s ‘looming presence’ in Numetal and asks the company to clear ₹45,000 crore of debt-owed by Essar Steel’s promoters to be eligible to bid for the steel maker.
India Inc’s Q2 revenue growth could reach 12.1%
Steel, IT, FMCG and retail are expected to lead the momentum in revenue growth.
Tata Steel’s profit more than doubles in Q1
The company’s profit fell short of street estimates, but its outlook for the rest of the year is optimistic.
Recognising midsize companies can speed up economic growth: Chaudhary Birender Singh
Union minister of steel talks about the importance of midsize companies to the economy, and the turnaround in the steel sector.
