Tata Steel India also achieved an eight per cent year-on-year production growth to 18.21 million tonnes for the full year FY20 along with best ever annual sales at 16.97 million tonnes
Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4
There should be some easing without compromising on the actions being taken to contain the pandemic, says Tata Steel Chief Executive and Managing Director T V Narendran
Bleak demand outlook in the domestic as well as global market is another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
The public sector steel major is currently operating at 60 per cent production level and will be scaling down gradually, they said
While realisations take a hit, pressure on margins may intensify with input costs remaining steady.
The firm says the overall impact of the current situation on operations and financials yet to be assessed, management is keeping a close watch
Tata Steel is closing down its downstream standalone units in Maharashtra and Uttar Pradesh in line with guidance from respective states
CFOs, analysts say moratorium on interest is key to tide over crisis
The outbreak has already disrupted supply chains as well as production and would lead to job losses, warn analysts
While the Indian equities were isolated from the global rout till early February, the downfall began when the virus began to spread outside mainland China, its originating country.
The NCDs are proposed to be listed on the wholesale debt market segment of the BSE
The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share
It had in November decided to cut 3,000 jobs across its European business
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
For Tata Steel, keep a stop at 380 and go short
The steel manufacturer's on ground delivery and distribution network rose 11 per cent year-on-year (y-o-y) in Q3 or December quarter of this fiscal
Motera cricket stadium, located in Ahmedabad district of Gujarat, has the seating capacity of 110,000
The IMF has predicted the epidemic would shave 0.1 percentage points off global growth