Long Reads Fortune 500 India: Indian steelmakers struggle as cheap imports surge. Indian steelmakers face mounting pressure and increased inventories as cheaper imports from China, South Korea and Japan continue to rise.

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Oct 30, 2024 · Analyst at SAMCO Securities says that Elcid’s book value per share stood at ₹5,85,225 despite a very low share price for a long time. Elcid is one of the “promoter” entity in Asian Paints, holding a 2.83% stake in the company, which is valued at almost ₹8,500 crore on recent market prices.

Nov 19, 2024 · Puneet Chhatwal’s first experience of the Taj hospitality after he took over as CEO of Indian Hotel Co. (IHCL) in November 2017 was at the Wellington Mews, the group’s plush serviced apartments in Mumbai behind the iconic Taj Mahal Palace Hotel.

Dec 18, 2024 · Going ahead, the group aims to increase inventory to 18,000 rooms in the next 4-5 years, and 200 hotels from 140 currently. In the past 2 years, the company has managed to achieve its target of opening 1 hotel per month and expects similar trajectory in next 24 months.

Dec 6, 2024 · HAZIRA, A bustling industrial town 25 km from Surat, Gujarat, shimmers under the midday sun as workers seek shade after their meals. The road to the ArcelorMittal/Nippon Steel India Ltd. (AM/NS) steel plant, located at the edge of the Arabian Sea, buzzes with trucks carrying steel coils and sheets.

Aug 3, 2024 · Enterprise Alternative fixed income platform Grip Invest crosses ₹1,000 crore AUM Platform banks on depositors to switch over from FDs to its three primary investment categories: lease deals, corporate bonds, and debt instruments delivering between 10-16% returns.

Nov 26, 2024 · In India, 5G subscription penetration is expected to have doubled to 270 million during 2024, reaching a penetration of 23% at the end of the year, Swedish telecom gear maker Ericsson has said in its latest mobility report.

Oct 9, 2024 · WHEN ITC chairman Sanjiv Puri took charge of the diversified conglomerate in 2019, he had the humongous task of reducing the company’s dependence on the tobacco business, which contributed significant part of the revenue. Moreover, the market wanted ITC to unlock value by demerging its hotel business. Despite all its engines (FMCG, Paperboards, …

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