Industries

Steel Prices May Fall To Rs 60,000 Per Tonne By March: Report

Steel Prices May Fall To Rs 60,000 Per Tonne By March: Report

Press Trust of India | Monday May 09, 2022, Mumbai

Steel prices, which have been on a song for the past two years, are finally set to correct on weak seasonality, and may trade at around Rs 60,000/tonne by the end of the current fiscal year, down from the Rs 76,000/tonne peak it scaled last month, says a report.

As Jet Airways Plans Take Off, Security Clearance Comes From Centre

As Jet Airways Plans Take Off, Security Clearance Comes From Centre

Press Trust of India | Sunday May 08, 2022

Union home ministry has granted security clearance to Jet Airways that is planning to relaunch commercial flight operations in the next few months

Government Aims To Set Up Vehicle Scrapping Facility Within 150 Km Of Each City

Government Aims To Set Up Vehicle Scrapping Facility Within 150 Km Of Each City

Press Trust of India | Saturday May 07, 2022, New Delhi

Road Transport Minister Nitin Gadkari said his aim is to develop at least one automobile scrapping facility within 150 km from each city centre

Rate Hike To Help Banks Gain On Yields: Report

Rate Hike To Help Banks Gain On Yields: Report

Press Trust of India | Saturday May 07, 2022, Mumbai

The unexpected interest rate hike by the RBI on May 4 will have the banking system on average making a 10-15 bps gains on the yields

Punjab National Bank Raises Lending Rates By 0.40% To 6.90%

Punjab National Bank Raises Lending Rates By 0.40% To 6.90%

Saturday May 07, 2022, New Delhi

Punjab National Bank on Friday said it has hiked its external benchmark linked lending rate by 0.40 per cent to 6.90 per cent with effect from June 1

JSW Energy's March Quarter Profit Jumps 711% Year-On-Year Basis

JSW Energy's March Quarter Profit Jumps 711% Year-On-Year Basis

Press Trust of India | Tuesday May 03, 2022, New Delhi

Profit after tax stood at an all-time quarterly high of Rs 864 crore, which was 711 per cent higher year-on-year

Amid Power Crisis, Government Sets June-End Deadline For Coal Imports

Amid Power Crisis, Government Sets June-End Deadline For Coal Imports

Reuters | Tuesday May 03, 2022, NEW DELHI

States and private companies "must import" coal and "ensure continuous power supply in the respective states", the Power Ministry letter read

Jindal Stainless' March Quarter Profit Sees 156% Jump

Jindal Stainless' March Quarter Profit Sees 156% Jump

Press Trust of India | Monday May 02, 2022, New Delhi

Jindal Stainless Ltd posted a 156 per cent jump in consolidated net profit at Rs 749.88 crore for March quarter, mainly on account of higher income

Indians Can't Fly To UK In European Carriers Without Schengen Visa

Indians Can't Fly To UK In European Carriers Without Schengen Visa

Edited by NDTV Business Desk | Monday May 02, 2022

However, the rule was changed during Coronavirus pandemic, when most flights around the world were suspended and people preferred to remain indoors

As Power Demand Peaks, 33% Thermal Plants Left With 10% Or Less Of Coal Stocks

As Power Demand Peaks, 33% Thermal Plants Left With 10% Or Less Of Coal Stocks

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Monday May 02, 2022

Around 33 per cent of the country's thermal power stations are left with 10 per cent or less of coal stock compared to the normative limit

Bank Of Baroda Cuts Interest Rate On Car Loans

Bank Of Baroda Cuts Interest Rate On Car Loans

Edited by Animesh Singh | Monday May 02, 2022

Bank of Baroda today reduced interest rates on car loans, lowering them to 7 per cent along with concession charges

Coal India's Supplies To Power Sector Saw 16% Rise In April

Coal India's Supplies To Power Sector Saw 16% Rise In April

Press Trust of India | Monday May 02, 2022, New Delhi

Coal India Limited said supply to the power sector rose 15.6 per cent to 49.7 million tonnes last month in the wake of high demand from power plants

Tata Motors Sees Huge 74% Rise In April Sales As Maruti, Hyundai Slip

Tata Motors Sees Huge 74% Rise In April Sales As Maruti, Hyundai Slip

Edited by Animesh Singh | Sunday May 01, 2022, New Delhi

Even as sales of Maruti Suzuki and Hyundai Motors fell in April 2022, Tata Motors saw its total sales rise by a huge 74 per cent

LIC To Retain Partial Stake In IDBI Bank, Says Chairman

LIC To Retain Partial Stake In IDBI Bank, Says Chairman

Press Trust of India | Sunday May 01, 2022, New Delhi

Life Insurance Corporation of India has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel

Hit By Chip Shortage, Hero Electric Reports Zero Dispatches In April

Hit By Chip Shortage, Hero Electric Reports Zero Dispatches In April

Press Trust of India | Friday April 29, 2022, New Delhi

Electric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage