Market Updates
Govt May Double Safeguard Duty on Steel to 24% Amid China Dumping Fears
The government is mulling a doubling of the safeguard duty on steel imports from the existing 12% to up to 24%, aimed at...
Prestige Group Plans ₹42,000 Cr Housing Push in FY26 Despite Dip in FY25 Performance
Prestige Estates Projects Ltd, a big Bengaluru real estate player, is gearing up to roll out housing projects worth over ₹42,000 crore in...
Shree Cement Hit with ₹588 Crore Tax Demand for FY22, Says No Major Impact Expected
Shree Cement Ltd, India’s leading cement manufacturer, has been served an income tax demand of ₹588.65 crore for the fiscal year 2021–22. The...
GST Collections Cross ₹2 Lakh Crore in May, Increase 16.4% YoY
India’s Goods and Services Tax (GST) collection crossed an all-time high of ₹2.01 lakh crore during May 2025 at 16.4% year-on-year growth, according...
Cement Sector Eyes Strong Rebound in FY26 on Government Push, Rural Demand
With a subdued FY25, India’s cement sector is looking forward to a robust FY26, driven by increased government infrastructure expenditure and revived rural...
Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk
Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...
Welspun Corp Q4 Profit Rises 160%, Amid Revenue Decline
Welspun Corp, the largest Indian producer of specialty steel pipes and tubes, has reported a steep 160% increase in consolidated net profit in...
RINL to Monetise ₹200 Cr in Land Assets in FY26 Amid Financial Strain
In a continued effort to stay afloat amid mounting financial pressure, state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) has identified non-core land parcels...
Prestige Estates Q4 Profit Drops Sharply to ₹43.10 Cr; Launches ₹800 Cr Project in Bengaluru
Giant realty firm Prestige Estates Projects saw a sharp 81.7% fall in fourth-quarter FY25 net profit of ₹43.10 crore from ₹235.90 crore in...
Auto Sector Braces for Profit Squeeze as 12% Steel Duty Kicks In
India’s move to impose a 12% safeguard duty on select steel imports is set to dent the auto sector’s profitability in FY26, with...
