BUSINESS
MC Interview: India steel demand is strong as all engines are firing, says Tata Steel MD
Not giving up on target to reduce debt by $ 1 billion, says TV Narendran, MD & CEO, Tata Steel.
BUSINESS
MC Interview | Saudi Arabia has become a wider play like India for us: L&T CFO
L&T CFO talks about how Mumbai infrastructure is stretched and it can't be the panacea to “every empty stomach”. There is need to shift jobs elsewhere too, he says.
TRENDS
Why Matthew Perry’s death feels personal to millennials
7 things Chandler Bing said that show why his character resonated so much with millennials.
BUSINESS
MC Interview| Will be watchful of steel supplies getting diverted to India as demand remains strong: JSW Steel CEO
On track for Rs 20,000 crore capex for FY24, the company has already spent Rs 8,000 crore in H1. The government’s infrastructure push is expected to benefit the company.
BUSINESS
Digital adoption in Indian industry will gather momentum: Siemens
Peter Körte, Chief Technology and Strategy Officer, Siemens AG, and Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, spoke to Moneycontrol at the Siemens India Innovation Day 2023
BUSINESS
MC Exclusive | Tata Steel embraces gas to cut emissions, coal still in play
Tata Steel is in talks with state-owned GAIL Ltd to tie up liquified natural gas (LNG) supplies to replace a significant portion of diesel that the company uses at its mines as a part of its strategy to reduce overall carbon emission.
BUSINESS
MC Exclusive | RBI tells PTC India Financial Chairman to fix gaps in governance, operations, compliance
RBI has also pointed out irregularities in the appointment of the company secretary and independent directors, and given a draft Risk Mitigation Plan with timelines.
BUSINESS
MC Exclusive | RBI flags loan discrepancies, concentration of power at PTC India Financial
There are concerns over the company’s risk management practices and the robustness of its governance framework, the regulator said.
COMPANIES-2
Tata Steel to see cash outflow after restructuring under Port Talbot plan: CFO
Tata Steel and the UK government jointly announced an agreement to invest in state-of-the-art electric arc furnace steelmaking at the company’s Port Talbot site at a cost of GBP 1.25 billion pounds, including a UK government grant of GBP 500 million.
BUSINESS
UNFCCC report: Window to limit global warming to 1.5°C rapidly closing, urgent action needed
The report is part of the first-ever stocktaking scheduled to conclude at the UN Climate Change Conference (COP28) at the end of this year at UAE.
BUSINESS
RIL’s O2C business energy transition plan in place, will remain profitable: Ambani
RIL Chairman Mukesh Ambani said the key pillars of O2C transition would be accelerating the company’s journey to achieve net carbon zero by 2035 through use of renewables and bioenergy for a sustainable and green business
BUSINESS
Why L&T’s AM Naik chose to be a manager and not an entrepreneur
Naik is set to address his last annual general meeting on August 9.
BUSINESS
MC Interview | India needs to focus on speed and scale; hopeful of L&T’s future: Chairman AM Naik
According to Naik, India's approach over the past five decades might not have been as prudent as it could have been. He believes that the nation could have significantly focused on bolstering its manufacturing sector, similar to China's trajectory, to attain self-sufficiency in defense.
BUSINESS
Naik to pass on the baton to Subrahmanyan but will still be involved with L&T
Naik will continue to be the chairman of the L&T Employees Trust, which is the single largest shareholder of the company.
BUSINESS
Indian manufacturing industry needs to grow fast to tap into the world's China+1 outlook: AM Naik
Naik highlighted that the current government under the leadership of Prime Minister Narendra Modi, central policies have helped boost manufacturing capacities in India.
BUSINESS
MC Interview | Order win rate 20 percent so far in FY24, infra margins will improve: L&T CFO
CFO says Middle East growth is looking at more broad-based translating into more opportunities for L&T
BUSINESS
MC Interview | First 2 quarters have been tough but too soon to give up on debt reduction goal, says Tata Steel MD
Managing Director and Chief Executive Officer TV Narendran said Tata Steel’s Rs 16,000 crore capex in FY24 is on track. India demand continues to be strong.
BUSINESS
Exclusive | Tata Steel CEO expects better H2FY24, says Rs 16,000 crore capex on track
TV Narendran, Managing Director and Chief Executive Officer, said the first two quarters of FY24 have been more challenging than expected but the company has not given up its plan to reduce debt by $1 billion in the year.
BUSINESS
MC Interview | Global steel prices have bottomed out, but manufacturers to benefit from softer raw material costs: Jayant Acharya, JSW Steel
Joint Managing Director Jayant Acharya said the company’s debt will reduce by the end of the fiscal from Rs 66,797 crore as on end-June, despite its expansion plans.
BUSINESS
As a promoter, we are raising questions regarding regulatory probe on PTC, subsidiary: PFC head
Parminder Chopra, who has the additional charge of chairman and managing director (CMD) of the company along with being the director of finance at PFC, was a nominee director at PTC India and part of the RMC that looked at corporate governance issues at PTC India arm.
BUSINESS
PFC to diversify into infra financing, but power, energy transition to remain core: CMD
Power Finance Corporation (PFC) will launch an issue of NCDs to raise up to Rs 5,000 crore on July 21 to partly finance its Rs 80,000-crore loan disbursal target.
BUSINESS
PFC eyes infra projects for financing; sanctioned Rs 16,000 cr in FY23: CMD
PFC also plans to raise up to Rs 5,000 crore via public issue of NCDs.
BUSINESS
Exclusive | PTC panel to look into CMD’s appointment after SEBI questions process: Sources
SEBI is believed to be questioning PTC India and its CMD on why the company did not prioritise the appointment of new independent directors after four of them resigned citing corporate governance issues.
BUSINESS
Money and technological might: Can Anil Agarwal manage both for semiconductor plan?
Semiconductor manufacturing is expensive and requires formidable technological expertise. After Foxconn and Vedanta split, both are looking for new partners.
