Tata Steel ties up Rs 17K cr debt for Bhushan Steel buy
Tata Steel ties up Rs 17K cr debt for Bhushan Steel buy
Tata Steel returns to profit on one-off gain
17 May, 2018, 11:05
Sajjan Jindal-led JSW Steel reported consolidated net profit at Rs 2,879 crore for the fourth quarter ended March 31 against net profit of Rs 1,008 crore in the year-ago quarter. The India operations was impacted due to a blast furnace outage at its Kalinganagar plant.
The country's largest steelmaker on Wednesday reported an exceptional gain of Rs 11,376 crore in the quarter that included a non-cash gain of Rs 14,077 crore relating to the restructuring of its United Kingdom pension scheme, the company said. The issue has been resolved and the plant is now running at full capacity, said managing director T V Narendran.
The gain in profits was despite lower production the company had witnessed of 6.26 million tonne (mt) during Q4 as compared to 6.40 mt a year ago.
Tata Steel Ltd, an Indian steel making company has chose to take all 5,000 employees of Bhushan Steel largest manufacturer of auto-grade steel in the country. "The company also achieved highest ever quarterly sales volume of 4.22 million tonnes aided by robust domestic demand". "The depletion in assets in any form will be a concern and we will certainly look into it whenever the process is completed".
"Tata Steel Europe had a good quarter despite currency headwinds. The 50:50 JV with Thyssenkrupp is progressing well and we are committed towards building a strong European portfolio", Narendran said.
It is the leading integrated steel company in India with an installed steel-making capacity of 18 million tonne per annum (MTPA).
On the steel outlook, he said the company is closely watching the developments in global steel trade because of the protectionist measures by the United States and added, "However, we continue to be bullish on steel prices and spreads with improving demand situation in India".
Koushik Chatterjee, executive director and chief financial officer, Tata Steel, said the possibility of delisting the stressed asset can not be ruled out. "We have also received CCI approval for this transaction", he said. "We also completed a $2 billion Rights Issue", Chatterjee added.
Now studios, and the artists they represent, can get a cut of the subscription service while you listen to music ad-free. If you're already a YouTube Red (soon to be YouTube Premium ) member, don't worry you'll still enjoy your current price.
Take this survey to apply to participate in the developer preview, where you can help us refine the feature. This means that developers can now customize voice apps using eight unique voices other than that of Alexa .
He did", said Christopher Bayer, the principal at Hillcrest High. "That makes a little more sense now". "It hurts your feelings". He was arrested late Friday night in the 2400 block of Highway 80 in Mesquite, said a Mesquite police spokesman.
Companies are starting to take matters into their own hands as European and some other governments struggle to save the Iran deal. Total has said it will quit a giant gas project in Iran after American sanctions were reapplied this month.
However, Mohammad Ali apologised to the court and said: "The court can react, but the court does not allow us (lawyers) to react". The judges reportedly considered her health condition and her short jail term before granting her the bail.
Liu told one group of House lawmakers in a meeting Wednesday that he "recognizes there are problems" in the U.S. Navarro has much more strident views on China's trade history, ones that Trump has often agreed with.
United will have the chance to give their captain the ideal sending off when they take on Chelsea in the FA Cup final on May 19. That will evolve and when he wants my opinion I'm there to give it'. "I'm sure that will be the case again".
She told Good Morning Britain that he had health issues, and had been experiencing chest pains and suffered a heart attack. About 600 people are invited to the post-ceremony luncheon reception , which will be hosted by Queen Elizabeth II at St.
South Korea's KOSPI was 0.4 percent lower, Japan's Nikkei was down 0.3 percent and Australian stocks edged up 0.1 percent. The Nifty opened lower with nervousness due to some political uncertainty post the Karnataka election verdict.
Omo-Agege, Ndume Summoned Over Mace Theft
The lawmaker had, however, insisted on not knowing the attackers when he spoke to our correspondent on Friday. He arrived around 10.30am, signed the daily attendance register and left the chamber.
Marvel Avengers OnePlus 6 is here and it looks awesome
The kicker for such a good looking device is the price - at 4199 yuan (AU$875) it is more expensive than the non Avengers phone. Sale of OnePlus 6 will begin in India from May 21 for customers who have subscribed to Amazon Prime and from May 22 otherwise.
Mace Theft: Senate summons Omo-Agege, Ndume
Justice Nnamdi Dimgba, in the judgment, said the order nullifying the suspension was "with immediate effect". Moses Iduh commended the governor for the successful conduct of the Ekiti PDP governorship primaries.
James Harden named finalist for 2018 NBA MVP
Anthony Davis is also up for defensive player of the year alongside Jazz bigman Rudy Gobert and 76ers centre Joel Embiid . Coach of the Year: Dwane Casey (Toronto Raptors), Quin Snyder (Utah Jazz ) and Brad Stevens ( Boston Celtics ).
Eli Manning memorabilia fraud case heading to trial
According to the report, the email shows Manning asking Skiba to get "2 helmets that can pass as game used ". Attorneys for the plaintiffs, the Giants and Manning didn't return messages seeking comment Sunday night.
Tencent reports over a billion WeChat users in Q1
Smartphone games revenues alone were up 68 percent year-on-year to 21.7 billion yuan, thanks to titles such as "Honour of Kings". Net income climbed 61% to 23.3bn yuan (US$3.7bn) in the three months ended March, the Shenzhen-based company said on Wednesday.
Iran would remain part of deal: Rouhani
Johnson said he would discuss ways to protect European companies doing business with Iran at the Brussels meeting . He called the Russian opposition on the United States exit from the nuclear deal "hopeful". "If Mr.
Thomas replaces Johnson as world number one
Jon Rahm, Jordan Spieth and Justin Rose all had the opportunity to take over the No. 1 ranking based on various possible finishes. Last year's 2017 PGA Tour Player of the Year also now leads the FedEx Cup rankings, a title which he convincingly won last year.
Will the Champions League final be free to view?
Salah's strike at Anfield sees him break free of a tie with three of the competition's legendary names. Wijnaldum admits it will be hard to switch off with such a huge game looming on May 26.
State BJP workers celebrate victory
To rally the community's support, Shah did not rely exclusively on chief ministerial candidate B S Yeddyurappa, a Lingayat. Political analyst Palwai Raghavendra Reddy said the Karnataka election verdict will have no impact on AP.