Even as users of steel bear the burden of higher costs, manufacturers are set to reap a bonanza on the back of strong prices and safeguards from imports. While the government was to have phased out the safeguard duties, these
Aditya Birla group company Hindalco Industries is betting big on the high margin automobile segment, and the recent acquisition of Aleris under the company’s US arm Novelis will increase this footprint further, while giving
Higher realisation driven by a sharp increase in steel prices helped domestic steel majors — Tata Steel, JSW Steel, Jindal Steel and Power (JSPL) and Steel Authority of India (SAIL) — to post better-than-expected earnings
With the entry of Reliance Jio with VoLTE technology, the incumbent operators are under pressure to move to this technology at a rapid pace and also increase their cell sites, all of which necessitates a rise in capex.
According to annual reports of companies, TCS saw net additions declined to a five-year-low in FY18 to 8,000 versus 33,000 net additions in FY17 and 24,000 in FY14. Infosys Group made employee net additions of 3,743 in FY18,
The pick-up in domestic demand augurs well for the domestic metal industry. Hindalco Industries managing director Satish Pai tells FE’s Shubhra Tandon that the outlook looks robust; however, possible dumping of metals into