Indian economy
UltraTech Cement Q2 Profit Surges 75% to Rs 1,232 Crore; Approves Rs 10,255 Crore Expansion Plan
UltraTech Cement’s Q2 profit surged 75% to Rs 1,232 crore with revenue up 20%. The company approved a Rs 10,255 crore expansion plan...
India’s Small Steelmakers Cut Production as Weak Demand and Monsoon Slowdown Hit Construction Sector
India’s small steel producers have cut output by nearly one third amid weak demand, falling prices, and monsoon disruptions, despite government tax cuts...
India’s Steel Demand to Rise 9% Annually in 2025 and 2026: World Steel Association
India’s steel demand is projected to surge by 9% in both 2025 and 2026, supported by strong infrastructure and housing growth, according to...
Tata Steel India’s Crude Steel Output Rises 7% to 5.67 Million Tonnes in Q2FY26
Tata Steel’s crude steel output in India rose 7% year-on-year to 5.67 million tonnes in Q2FY26, driven by the Jamshedpur furnace relining and...
Gadkari Announces New Bill to Strengthen India’s Construction Equipment Industry
Nitin Gadkari announced a new Bill to strengthen India’s construction equipment industry by promoting local manufacturing, curbing Chinese imports, and supporting clean fuel...
UCCIL Warns 30% Export Duty on Low-Grade Iron Ore Could Hit Industry and State Revenues
UCCIL warns that the 30% export duty on low-grade iron ore could reduce production, hurt domestic prices, and cost mining states over ₹16,200...
SAIL Hikes FY26 Capex to ₹7,500 Cr to Fast-Track Expansion Towards 2030 Goal
In line with accelerating its steel production capacity to 35 million tonnes per annum (MTPA) by 2030, SAIL raises its capital expenditure allocation...
Asian Paints Braces for Sluggish Growth Amid Weak Demand, Monsoon Impact
Asian Paints, India’s largest paint manufacturer, has cautioned about muted near-term growth due to subdued demand and challenging market conditions. CEO Amit Syngle,...
JSW Steel Acquires Odisha-Based Saffron Resources for ₹679 Crore in Expansion Push
JSW Steel Ltd has acquired a 100% equity stake in Saffron Resources Pvt Ltd for ₹679.34 crore, which the company intends to use...
JSW Steel Posts Strong Q1 FY26 Results, Stays Wary Amid Import Threats
For the FY26 first quarter, JSW Steel produced a fine set of numbers with net profit at ₹2,209 crore-more than double from ₹867...
