BUSINESS
BPCL hopes to restart stuck Mozambique project in a couple of quarters
The project has been under force majeure since April 2021 following worsening security situation due to attacks from Islamic State terrorists in the coastal town of Palma in Cabo Delgado province.
BUSINESS
Tata Steel to start talks with unions on UK job cuts, decision not delayed: CEO
There will be an impact on jobs, and Tata Steel's objective is to make sure that it has a sustainable business in the UK and it continues to make steel there, said MD & CEO TV Narendran
BUSINESS
Tata Steel expects margin expansion in India, driven by demand
The India business generated a higher margin of about 20%, Ebitda of Rs 6,841 crore and crude steel production of just over 5 million tonnes.
BUSINESS
REC to tap Japanese bond market by month-end
The company also posted a profit of over Rs 3,700 crore for the second quarter, which it said was the highest ever.
BUSINESS
BPCL swings to profit in Q2, beats estimates as soft crude prices improve marketing margins
The average gross refining margin (GRM) of the PSU oil refining and marketing company was $15.42 per barrel for the half-year ended September 30.
BUSINESS
Chevron and HPCL launch lubricant brand Caltex, eyes OEM partnerships
The launch reflects Chevron's entry into the crowded lubricant market as India witnesses rapid growth in the sector, with buoyant demand from automotive and industrial companies.
BUSINESS
JSW Steel confirms deal talks with Teck Resources unchanged amid India-Canada diplomatic row
The Sajjan Jindal-led steel giant had earlier said that it was considering buying a 20-40 percent stake in the Teck Resources unit.
BUSINESS
JSW Steel sees higher coking coal costs in H2FY24: Jt MD
The company expects that the impact of higher fuel costs may be offset partially by the recent increase in product prices.
BUSINESS
A Delhi-Mumbai story: Which city's air quality is worse?
While the financial capital has been waking to a thick blanket of smog owing to a rapid increase in construction activity, the national capital has been engulfed by clag (fog) in the past three days.
BUSINESS
MC Explains: Is Mumbai facing an air quality crisis?
The ongoing infrastructure projects as well as large-scale building construction and demolition works have spurred dust particles in the air impacting the health of people.
