Market Updates
Paint Market Slowdown a Temporary Phase, Says Birla Opus CEO
India’s decorative paints market slowdown is cyclical and will rebound shortly, said Birla Opus Paints Chief Executive Officer Rakshit Hargave on Tuesday. On the...
India’s Steel Industry Unshaken by EU Import Curbs, Local Demand to Offset Impact
India may be harming the EU steelmakers, who need more fresh goods; The European Commission in September imposed high import taxes to protect local...
JSW Steel Becomes World’s Most Valuable Steelmaker with $30.3 Billion Market Cap
JSW Steel headed by Sajjan Jindal turns out to be the world’s most valuable steel manufacturer, surpassing global heavyweights like ArcelorMittal and Nucor...
MSME Steel Players Raise Concerns Over Proposed 12% Safeguard Duty
A grouping of MSMEs (Micro, Small and Medium Enterprises) in the steel industry is readying a move to push the government to withdraw the...
Hindalco to Infuse $5.2 Billion to Expand its Metals Business
Hindalco Industries, one of India’s biggest aluminium and copper producers, has unveiled a ₹450 billion ($5.21 billion) investment to expand its metals presence. The...
India Proposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry
The Indian industry was seeking safeguard measures given the surge in steel imports from countries, particularly from China and Vietnam. The provisional duty recommendation was...
Plotted Developments are on the Rise Among First-Time Investors
Long-term capital appreciation and affordability make plotted development the preferred option for first-time investors in India. According to a recent Magicbricks survey of 2,200...
India Weighs Safeguard Duty on Steel Imports Amid Industry Concerns
On 17 March, Darpan Jain, Director General, Directorate General of Trade Remedies (DGTR), said that India is continuing to examine a proposal to...
Tamil Nadu’s Limestone Tax to Rise Cement Prices, Hit Ramco and Dalmia Bharat
The Tamil Nadu government’s proposal to impose an additional ₹160 per tonne tax on limestone mining is likely to affect cement makers in...
NMDC Faces Production Slowdown Amid Worker Protests
The state-owned iron ore producer NMDC Limited is struggling with a slowdown in operations due to worker protests, the company announced Tuesday, March 11....
