Coal India’s fuel pact with sponge iron makers is skewed in the staterun miner’s favour, the fair trade regulator has observed in its probe.
Avanti Feeds, which is in the business of shrimps exports and feed, has seen heightened investor interest over past few months between 65% to 150%.
The cut proposed in interim Budget will reduce sale price by 1.8%, which may not be enough, given the fall in demand for such goods over past few quarters owing to overall economic slowdown.
The last couple of quarters have seen the domestic demand for the consumer durable goods dropping due to the overall slowdown in the economy.
The government should do proper coal block allocation to the steel manufacturers and easy land acquisition for Greenfield projects would be critical.
India has become the fourth largest steel producer in the world from 8th largest ten years ago.
The iron and steel industry has seen both rapid growth and falling demand impacting it.
DLF will receive Rs 2,200-cr from the sale of Aman Resorts. Compare this with the total interest paid in FY13 - Rs 3,243-cr on a net debt of Rs 23,000-cr.
The recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco.
Jyothy Laboratories' optimism wasn't misplaced, and in less than two years of acquisition, the company turned around Henkel India.
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