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Fire breaks out at Tata Steel's United Kingdom plant
A fire erupted at Tata Steel's Port Talbot plant in the UK. Emergency services responded swiftly to the incident. All personnel were safely evacuated from the site. The fire occurred at a processing line. Tata Steel is transitioning to a low-carbon steel-making process. Though, iron making at the site ceased in October 2024.
ED investigates Vedanta Group for FEMA violations
A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau
ED investigates Vedanta Group for FEMA violations
A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau
Vedanta premises see Enforcement Directorate search operations; Stock falls
In an exclusive interaction with CNBC-TV18 last month, Vedanta Group Chairman Anil Agarwal said that all the other demerged entities will begin trading as independent entities by the end of June.
Hindalco's India segment shines as profit and revenue hit record highs
Hindalco Industries achieved its highest ever revenue and profit for India operations in the March quarter. The company's India business delivered outstanding results across aluminium and copper segments. Consolidated revenue and Ebitda also reached all-time highs for the fiscal year. Novelis, the global arm, faced challenges but is on track for plant restarts.
Apollo Hospitals among 5 stocks hitting 52-week highs; rally up to 15% in a month
Indian stock markets saw a rally on Friday with the Sensex closing higher. Five companies from the BSE 100 index reached their 52-week highs. Grasim Industries, Varun Beverages, Samvardhana Motherson International, Hindalco Industries, and Apollo Hospitals Enterprise all touched new yearly peaks. This indicates strong investor confidence and positive market sentiment.
Adani Group stocks climb after reports of US probe closure against Gautam Adani
Adani Group stocks gained after reports said the US Justice Department has dropped all charges against billionaire industrialist Gautam Adani.
All Adani Stocks Trade In The Green After Clean Chit From US Justice Dept
Adani Enterprises is currently trading with gains of 2% in trade at Rs 2,747, reaching intraday high of Rs 2,774
Adani Group stocks rise up to 3% after US Justice Department drops all charges against Gautam Adani
Adani Group stocks rose up to 3% after US Department of Justice dropped all criminal charges against Indian billionaire Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. This development, alongside a $275 million settlement with the US Treasury for sanctions violations, lifts uncertainty over the Adani Group's expansion plans. The group had faced allegations of bribery and fraud linked to solar power contracts.
Tata Steel rules out joint ventures in India, bets on solo expansion for better control
The company looks to buy out its existing joint venture partners wherever possible to merge all steelmaking operations under one company.
Adani Enterprises to pay $275 million settlement to the US treasury for buying Iranian gas
The settlement, along with recent SEC and DOJ developments, effectively ends all ongoing US investigations involving the Adani Group.
SAIL Q4 Results 2026 LIVE: Maharatna PSU could post double-digit rise in profit, revenue; all eyes on dividend
SAIL Q4 Results 2026 LIVE: SAIL share price traded marginally in the red ahead of the March quarter results. The PSU company will likely report the earnings later in the day.