The preliminary challenge in investing in companies already under insolvency proceedings is - reversal of the order by appellate authority viz. NCLAT or the Supreme Court, explains Ashish Parwani, Partner, Rajani Associates.
Category: Materials
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Tata Steel bags PMÂ’s Trophy for Best Performing Integrated Steel Plant
Tata Steel Ltd has been declared as the winner of Prime Minister's Trophy for the 'Best Performing Integrated Steel Plant' in the country for the performance years 2014- 2015 and 2015-16. This makes it the third consecutive year for Tata Steel being honored with this coveted award.
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Anderman Ceramics appoints new market expert
EuropeÂ’s cement and steel sectors will benefit from a greater range of advanced refractory products, with the addition of Julien Soum to Anderman CeramicsÂ’ business development team in France.
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April cement price hikes indicative of improved profitability, say analysts
According to a few analysts and industry watchers, the hikes in the prices of cement by various cement manufacturers are an indication of a possible growth in volumes and probable profitable for cement makers during the current quarter.
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ICCI-PwC Strategy & Survey reveals optimistic India Manufacturing Barometer
Sanjeev Sanyal, Principal Economic Adviser, Ministry of Finance, Government of India, recently unveiled the 4th edition of the FICCI-PwC Strategy& India Manufacturing Barometer (IMB) survey, which as in previous years, reveals that India continues to remain an economic bright spot. As per the United Nations, the world economy expanded by only 2.2 per cent in 2016 — the slowest growth rate since the 2009 recession. The outlook for the Indian economy and its core sectors continues to remain upbeat
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Bihar becomes second state to pass GST Bill
The Bihar Goods and Services Tax (GST) Bill, 2017 has been passed by the stateÂ’s legislature. Bihar has become the second state after Telangana to adopt the new tax regime.
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CREDAI protests cement price hike, seeks Centre’s intervention
The Confederation of Real Estate Developers’ Association of India (CREDAI) has sought government intervention to check rising cement prices. The entity said that the spike could “create unnecessary roadblocks and impediments” in achieving the goal of ‘Housing for All’ by 2022. Cement prices have witnessed a sudden jump of 20-40 per cent over the past two months across the country, says CREDAI.
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Minister wants Big Data analytics & application centre for steel producers
Chaudhary Birender Singh, Minister for Steel, Government of India, has called for primary and secondary steel producers to “come together” to establish a ‘Big-data Analytics & Application Centre for Steel’ with the objective of pooling resources and information available with all steel companies and analysing the collated data. He was addressing a gathering of top executives from the steel industry at the ‘India Steel 2017’ conference which was recently organised by FICCI in Mumbai.
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Railway Minister inaugurates first SFTO rake carrying steel coils
Sudanshu Pathak, Vice President, Steel Manufacturing, Tata Steel, who ceremonially flagged off the rake from Tata Steel Jamshedpur, lauded this long-awaited initiative of Indian Railways, Tata Steel and TMILL resulting in an efficient and sustainable outbound logistics solution for Tata SteelÂ’s finished products.
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DuPont Sustainable Solutions announces Safety and Sustainability Awards
DuPont Sustainable Solutions is seeking applications for the 13th edition of the DuPont Safety and Sustainability Awards.