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Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sector
The Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to slash carbon emissions. Titled the National Strategy for Sustainable Secondary Steel, the initiative will benefit all steel producers, with a significant portion allocated to smaller players. This move aligns with India's net-zero commitments, addressing the steel sector's substantial contribution to greenhouse gas emissions.
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.
Jaiprakash Associates stock to delist on June 18; all you need to know
JAL is being delisted following its acquisition by Adani Group through insolvency, and as per the resolution plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends gains further to 300 pts; Vedanta in focus
Sensex Today | Stock Market LIVE Updates: The peace deal, and the resultant fall in oil prices brings OMCs, IndiGo, the currency and all the stocks exposed to West Asia back in focus. A fall in the US Dollar index will also bring Metals in the spotlight, a sector that underperformed last week.
Vedanta's four demerged entities set to list today: All you need to know
The shares of all four companies will initially trade in the Trade-to-Trade (T2T) segment, where every transaction results in compulsory delivery and intraday netting is not permitted.
Vedanta Aluminium Listing: All you need to know about the group's crown jewel
For investors who bought Vedanta's consolidated entity before the demerger record date on May 1 at around ₹720 - ₹760 per share, the value unlocking opportunity is becoming more evident.
What Is A Vertiport? All About The Air Taxi Hub Planned For Dharavi Redevelopment Project
The project, being implemented by the Maharashtra government and Adani Group, seeks to transform Dharavi into a modern township.
Maruti considers shielding small-car buyers from inflation-led price hikes
Maruti has implemented a price hike of ₹30,000 from June across all its models due to West Asia war-linked inflation, which has led to a surge in prices of commodities like steel, aluminium, and platinum group metals
Coal India offers record coal volumes to non-regulated sectors, eases linkage norms
Coal India has put an all-time high 35 million tonne of coal on offer for sponge iron producers and relaxed rules for steel companies as it looks to boost domestic coal availability and reduce import dependence.
Fire at Tata Steel UK’s Port Talbot plant under investigation; operations impact unclear
A fire erupted at Tata Steel UK's Port Talbot steelworks in Wales. Emergency services responded swiftly. Operations at a section of the plant were temporarily halted. All personnel were safely evacuated. The company is assessing the impact on production and downstream businesses. This incident is separate from ongoing site transitions.
Fire at Tata Steel's Port Talbot plant in UK
A fire erupted at Tata Steel's Port Talbot plant in the UK late Wednesday, with all personnel safely evacuated. The blaze occurred on a processing line and is unrelated to recent demolition work. Emergency services are actively working to extinguish the flames. The facility is undergoing a significant transition to an electric arc furnace.
Fire Breaks Out In UK Tata Steel Plant, All Personnel Evacuated Safely
The emergency services were working with local teams to completely extinguish the fire.