New Delhi, April 8 (IANS) India’s steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025–26, consolidating its position as the world’s second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday.Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7–8 per cent, d…
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Mumbai, April 6 (IANS) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of “hell” if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz.However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selli…
New Delhi, April 4 (IANS) Tata Steel has received a demand notice of Rs 1,755.10 crore from the District Mining Office in Jharkhand’s Ramgarh over alleged excess extraction of coal from its West Bokaro Colliery between FY2000-01 and FY2006-07, the company said in a regulatory filing on Saturday.The notice, dated March 30, was received by the company on April 3.According to the company, the notice alleges that the steelmaker extracted approximately 1.62 crore metric tonnes of coal beyond permissi…
Sangrur, March 31 (IANS) Punjab Chief Minister Bhagwant Singh Mann on Tuesday announced that the state would now deliver police assistance within just six minutes, on par with developed regions such as the US and Europe, as he flagged off 508 Emergency Response Vehicles (ERVs) in Sangrur to significantly strengthen on-ground policing across the state. The vehicles, equipped with advanced technology and deployed across all 28 police districts under Dial 112, are set to ensure immediate response t…
New Delhi, March 27 (IANS) Coal India announced on Friday that it plans to invest around Rs 3,300 crore to set up 8 new coking coal washeries as part of its strategy to improve the quality of coal and reduce the country’s dependence on imports of high-quality coking coal that is used in the production of steel.The new washeries, which are expected to add a combined capacity of 21.5 million tonnes per year (MTY), are scheduled to become operational by 2029-30. Coal India currently has a network…
Mumbai, March 23 (IANS) Domestic equity benchmarks opened the week sharply lower on Monday as escalating tensions in West Asia and surging crude oil prices weighed on investors’ sentiment. Sensex fell 1,555.62 points or 2.08 per cent to 72,977.34 in early trade, while Nifty declined 479.95 points or 2.07 per cent to 22,634.55.Sector-wise, metal, PSU bank and auto indices led the decline, falling up to 3 per cent in early trade. Stocks such as Tata Steel, Hindalco Industries, HDFC Bank, JSW Steel…
Mumbai, March 13 (IANS) Indian equity markets ended sharply lower on Friday as rising tensions in the Middle East weighed on investor sentiment and triggered broad-based selling across sectors.The benchmark indices, Nifty and Sensex, closed deep in the red as concerns over the prolonged US-Iran conflict intensified fears of a gas supply crunch and higher energy costs.The Nifty declined 488.05 points, or 2.06 per cent, to settle at 23,151.10. Meanwhile, the Sensex dropped 1,470.50 points, or 1.93…
Mumbai, March 4 (IANS) Indian stock markets fell for the third straight session on Wednesday as investors remained cautious over rising tensions in the Middle East, particularly the growing conflict between the United States and Iran.The uncertainty kept traders on edge and triggered selling across sectors. The Nifty ended the day 1.6 per cent lower, slipping 385.2 points to close at 24,480.5.The Sensex also witnessed heavy selling and dropped 1,122.66 points, or 1.40 per cent, to settle at 79,1…
Mumbai, Feb 25 (IANS) Indian stock markets ended slightly higher on Wednesday, even though they gave up most of their early gains during the day. Heavyweights like Reliance Industries and State Bank of India put pressure on the indices, while buying in metal and IT stocks helped limit the losses.The Nifty closed 57.85 points, or 0.23 per cent, higher at 25,482.50. The Sensex ended up 50.15 points, or 0.06 per cent, at 82,276.07.Analysts said that the 25,400 level is acting as immediate structura…
Mumbai, Feb 17 (IANS) Indian benchmark indices ended higher for the second consecutive session on Tuesday, supported by gains in public sector banks and information technology (IT) stocks, even as global cues remained largely muted.The 30-share Sensex closed at 83,450.96, rising 173.81 points or 0.21 per cent. The broader Nifty settled at 25,725.40, up 42.65 points or 0.17 per cent.Expert said that the recovery lifted the index above 25,700; however, upside momentum repeatedly encountered supply…