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The govt on Friday moved to cushion key industries from the ongoing gas supply disruption, boosting commercial LPG allocations by 20% to reach 70% of pre-crisis levels. The extra supply will prioritise labour-intensive sectors such as steel, automobiles, textiles, dyes, chemicals, and plastics, which are critical for broader economic activity.The move is aimed at stabilising…
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
West Indies players in Mumbai. (AP Photo) MUMBAI: “The team is in a good space,” a confident West Indies coach Daren Sammy said on the eve of their Super Eights Group 1 match against Zimbabwe at the Wankhede Stadium on Monday.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!Sammy was in a happy mood…
CLSA has downgraded Dixon Technologies to hold from outperform with the target price cut to Rs 12,100 from Rs 15,800 earlier. Analysts said the memory industry is entering a super cycle, driven by AI’s appetite for high-bandwidth memory (HBM) and DDR5, while mainstream storage faces tightening supply and rising costs. India’s dependence on imports leaves…
Tata Steel MD and CEO TV Narendran, Tata Steel CFO Koushik Chatterjee NEW DELHI: Govt must keep a watch on unfairly priced steel imports, Tata Steel MD and CEO TV Narendran told TOI in an interview, while adding that the price of the key industrial product is expected to rise in the domestic market in…
MUMBAI: Tata Steel’s consolidated profit surged multifold to Rs 2,730 crore in Q3FY26, aided by higher sales volumes despite weak steel prices. Its profit in Q3FY25 was Rs 296 crore. Domestic production volumes increased 11%, while delivery volumes grew 14%, driven by improved capacity utilisation at its Kalinganagar and Jamshedpur plants. Quarterly deliveries crossed six…
NEW DELHI/MUMBAI: India’s steel, aluminium, and copper sectors will continue to face steep US tariffs, as these strategic metals remain subject to US’ Sec 232 provisions tied to national security. While the reciprocal tariff on Indian goods has been reduced from 25% to 18%, tariffs on steel, aluminium, and copper remain at 50%, offering no…
Source: The New York Times Deep in Madagascar’s rainforests lives a spider no bigger than a coin, easy to miss and rarely noticed. Yet this tiny creature is responsible for one of nature’s most astonishing feats. It spins vast webs across flowing rivers, stretching threads more than 80 feet from bank to bank. The real…
The government has notified coking coal as a critical and strategic mineral, a step aimed at reducing India’s heavy dependence on imports and strengthening the domestic steel supply chain, according to an official statement.The move is expected to facilitate faster approvals, improve ease of doing business and accelerate exploration and mining activities, including the development…
The Indian Stainless Steel Development Association (ISSDA) on Wednesday described the India–European Union free trade agreement as a significant step in India’s global trade engagement, while cautioning that adequate safeguards will be needed to protect domestic stainless steel producers, PTI reported.India and the EU announced the conclusion of negotiations for the FTA earlier this week….
