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Steelmakers turn power sellers as India's electricity demand sees unusual spike

Mumbai, Oct. 12 -- A growing number of small-scale steel producers in central India are finding it more profitable to sell electricity to the grid than make steel, as a surge in power demand has pushe... Read More


Netherlands wants Tata Steel to stay, but demands cleaner steelmaking

Mumbai, Oct. 6 -- The Netherlands wants to retain steelmaking within its borders, but Tata Steel's operations must become cleaner, a spokesperson for the Dutch Minister of Climate and Green Growth sai... Read More


Setback for Vedanta as Orissa HC rejects old bauxite supply pact

New Delhi, Oct. 1 -- In a setback to Vedanta Ltd, the Orissa High Court on Thursday dismissed the conglomerate's plea seeking enforcement of a 2004 agreement with the Odisha Mining Corp (OMC) for supp... Read More


Who runs Tata Sons? Four clauses in its Articles of Association could decide

New Delhi, Sept. 24 -- On 17 September, Tata Sons' board overruled the opposition of its majority shareholder, Tata Trusts, to a third five-year term for chairman N. Chandrasekaran, marking a rare epi... Read More


Polycab India to go 'all out' to defend market share as Birla enters wires and cables

Mumbai, Sept. 8 -- Polycab India Ltd, the largest player in India's Rs.1-trillion wires and cables industry, is willing to go "all out" to protect its market share, a top executive said days after the... Read More


Aditya Birla repeats Opus playbook with UltraVolt, eyes wires market leadership

Mumbai, Sept. 3 -- After making a series of new business bets and large acquisitions over the past three years-from paints and renewable energy to the Indian Premier League and cement-the Aditya Birla... Read More


Indigo Paints targets 25% annual growth as it puts market share ahead of margins

New Delhi, Aug. 19 -- Indigo Paints Ltd is putting growth ahead of margins as it steps up spending to win market share in India's increasingly competitive paints market. Managing director Hemant Jalan... Read More


Jindal Steel acknowledges leadership churn, banks on new hires for stability

Mumbai, July 27 -- Jindal Steel Ltd's new managing director (MD), Vidya Rattan Sharma, acknowledged that frequent top-management exits at the Naveen Jindal-led company have become a cause of concern a... Read More


Jindal Steel brings back former MD Sharma after CEO churn, revamps top leadership

New Delhi, July 24 -- Life has come full circle for Vidya Rattan Sharma, the former managing director of Jindal Steel Limited, as he reprises the role after four years, with no successor having lasted... Read More