Markets

Plate prices improved marginally by $1/MT India’s safeguard duty of 12% has resulted in 47.7% y.o.y. reduction in steel imports from China in the months of April & May, according to an industry report http://worldsteel.org. The overall car sales in...

Chaturvedi reports strong demand for factory-fitted features Citing the Indian mining and construction equipment sector growth projected to reach US$45 billion in 2030 from US$16 billion as of now, Daimler India has noted the country’s large contractors making investments in...

UK Govt's support instrumental in Carbon Clean's growth journey Carbon Clean, a global leader in revolutionising carbon capture solutions from the United Kingdom, says its newly opened Global Innovation Centre (GIC) in Navi Mumbai will be one of the world's...

Mobile-led consumption drives sector expansion The recommerce market in India is on a promising trajectory, projected to grow by 11.7% annually, reaching US$5.91 billion by 2025, following on the 2020 to 2024 CAGR of 14.6%, according to a report being...

India offers to share Fintech experience with Ghana Prime Minister Narendra Modi and President John Dramani Mahama have announced a decision to elevate India-Ghana bilateral relationship into a "Comprehensive Partnership”. “In Ghana’s journey of nation building, India is not just...

Kumaraswamy eyes Ras Al Khaimah’s mineral wealth Steel Minister D. Kumaraswamy has discussed securing long-term access to low-silica limestone from Ras Al Khaimah during his meeting with Sheikh Saud Bin Saqr Al Qasimi in Dubai on 1 July http://steel.gov.in. Also...

Mehta aims for participation in international markets Torrent Pharmaceuticals Limited has entered into definitive agreements to acquire controlling stake in Mumbai-listed J. B. Chemicals and Pharmaceuticals (JB Pharma) from global investor KKR at an equity valuation of Rs.25,689 crores. The...

Scrap-product prices to remain under pressure Indian plate prices have dropped by US$34/MT over the last 6 weeks, and were reduced by US$8/MT during the weekend 28 June, according to a report by Wirana Shipping Corp. Indicative prices offered by...

MSME sector continues to rely on cash transactions A total of 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years, out of which 34% anticipate a revenue growth of more than 15% in...

Deal to combine plant engineering with technologies L&T Technology Services Limited (BSE: 540115, NSE: LTTS) said its Sustainability segment has secured a US$50 million five-year agreement to be an exclusive global engineering partner for Enterprise Data and Digital Services for...