With the demand for steel expected to be on the higher side both domestically and globally, it was imperative for India to build and effective mechanism to facilitate capacity addition as well as reduce import dependency for coal, a member of the government think-tank has said.

Dr. Mukesh Kumar, Director, Steel Research and Technology Mission of India (SRTMI) has said that COVID-19 has changed the day to day operations and working of business and has made it necessary for businesses to digitalise their processes.

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister has given "in principle" approval for strategic disinvestment of equity shareholding of Minerals & Metals Trading Corporation Ltd (MMTC) (49.78 per cent), National Mineral Development Corp. (NMDC) (10.10 per cent), MECON (0.68 per cent) and Bharat Heavy Electricals Ltd. (BHEL) (0.68 per cent).

With around 90,000 MW of renewable energy already integrated into India's power grid and another 25-30,000 MW planned for integration in the current financial year, what is important is managing emissions.

In an interview, Atanu Mukherjee, President, MN Dastur& Company believes that India need to have a multi-pronged approach to the abatement of greenhouse gases in India, while not compromising on economic growth.

India’s Prime Minister Narendra Modi recently inaugurated the world’s tallest statue at 182-m (597 ft) located in Gujarat, India. The steel, concrete and brass-clad statue is almost double the height of the Statue of Liberty in the US.

With the capacity of sizable scale available at bargain prices, the sector will see a lot of Mergers and Acquisition (M&A) activities as bigger players with deep pockets eventually closing in on financially weak but potentially viable smaller firms.

Despite price sensitivity of the Indian market remaining a major challenge, Conrad Latham, General Manager, Atlas Copco Compressor Technique, India cites that to be competitive in India, the global players are willing to pay for the value of options that are normally associated with improved energy efficiencies like variable speed drive compressors, permanent magnetic motors, cost-effective adsorption dryers or even higher IE-rated motors.

By the end of 2018, Rs.3.8 trillion of bad loans are likely to be resolved. Of this, Rs.1.6 trillion will become sustainable, if the resolution proceeds as per the defined timelines.