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“HDFC Bank and Bank Nifty should be the key and we think as the RBI governor was very bullish, he said the best place to be is in India, I would take his words to be more credible than this present uncertainty which has been caused by this geopolitical event.”
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure...
Tata arm show hints at sunny days in steel TSLPL posted a profit of Rs 304.39 crore in the third quarter compared with Rs 59.05 crore in the preceding quarter and Rs 112.90-crore loss in the same period last fiscal A near six-fold increase in the net profit of Tata Steel Long Products Ltd, the first steel company to announce its quarterly results, may signal how the company’s parent Tata Steel and the other integrated players may fare in this results season. TSLPL, formerly Tata Sponge, posted a ...