Sanjiv Paul, MD of Tata Metaliks says that lack of structural changes, like new projects, is dragging the demand.
The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent, while keeping CRR and SLR unchanged at 4 percent and 21.5 percent, respectively.
Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.
According to Roy Rickhuss, General Secretary, Community Union, Tata Steel could still to avoid the strike situation but only if they are prepared for meaningful discussions.
TV Narendran, managing director, Tata Steel India and South East Asia said steel imports were still impacting the industry adversely and the industry is waiting for steps from the government that would address this problem.
In an interview to CNBC-TV18, Kaushik Chatterjee of Tata Steel shares his views on the Union Budget 2015-16 announced today.
The state-controlled mineral producing company is set to export 2 mt out of total 30 mt in FY15.
Tata Steel‘s current operations are not affected by Supreme Court‘s recent order on coal blocks, says Group CFO Koushik Chatterjee. However, higher iron ore royalties will hit company‘s margins slightly.
No matter who comes to power and even if it is a restatement on July 1, it will take a long time before confidence and trust comes in as far as investments are concerned, says Koushik Chatterjee, Group CFO, Tata Steel
Uttam Galva steel is hopeful of an improvement in the ferrous sector's performance going forward. It is also positive on the merger of Shree Uttam Steel and Power with Uttam Galva.
The Nifty churns were almost 50 percent or higher over a decade compared to 25-30 percent seen in the developed markets. Significant emergence of new industries like IT and telecom led to a lot of churn in the index.
In an interview to CNBC-TV18, Koushik Chatterjee, the compay‘s CFO said that Q2 volumes will be driven by the 3 million tonnes per annum capacity expansion at its existing 6.8 mtpa Jamshedpur plant
In an interview to CNBC-TV18, Ankit Miglani, deputy MD of Uttam Galva said that weak demand situation from automobile sector, white goods and construction has severely affected steel prices.
In an interview with CNBC-TV18, Koushik Chatterjee, Group CFO of Tata Steel said both Europe and India saw an increase in steel prices in Q1 and domestic operations were supported by higher realisations.
India Inc has reasons to cheer on untouched rates, but concerns on inflation, liquidity and falling GDP remain
Tata Steel, the world’s seventh largest steel maker reported higher-than-expected consolidated net loss of Rs 602.67 crore for the December quarter compared with Rs 1,003 crore profit in the year-ago period, as demand for steel fell sharply in crisis-hit Europe.
Rising input costs and pressure from European operations led to dismal quarter, says Tata Steel.
The Cabinet today cleared the new Mines and Minerals Development and Regulation Bill, 2011. The new bill mandates a 26% post tax profit-sharing by coal miners for the project-affected people. While the step aims to benefit tribals in the minning areas, experts say the move is all set to push down profits of major mining and power companies.
Nirupender Rao, chairman of Pennar Industries Limited which sources steel from JSW talks to CNBC-TV18 of the difficulties and the way ahead for the company.
Tata Steel's first quarter profits zoomed to Rs 5,300 crore from Rs 1,800 crore clocked in the corresponding quarter last year. Talking about the numbers, group chief financial officer Koushik Chatterjee told CNBC-TV18 he was seeing sign of a slowdown in the global economy.
The realisations of leading secondary steel maker Bhushan Steel & Strip stood at USD 300 a tonne in Q1 better than Street's expectations. However, Nitin Johri, chief financial officer of the company in an interview to CNBC-TV18 said, it would be difficult to improve realisations from here on.
KV Rangaswami, Whole-time Director & President - Construction Chennai, L&T talks to CNBC-TV18 about the new orders they have bagged from Tata Steel and Indiabulls Power. The total new orders stand at Rs 1,610 crore.
Tata Steel Friday said the underlying performance of its European business in the fourth-quarter (January-March) was much better than in the previous quarter (October-December) mainly due to cost-cutting measures initiated by the company in the aftermath of the financial crisis.
In an interview with CNBC-TV18, Sajjan Bhajjanka, MD, Century Plyboards spoke about the latest happenings in the company and the road ahead.
The Tata Group is in the league of the top 50 most valuable global brands and their biggest asset is their chairman, Ratan Tata. That's the word coming from group director R Gopalakrishnan.