VA Tech WABAG posts Rs 24 crore Q2 profit
Total income for the July-September quarter was at Rs 641.59 crore as against Rs 752.41 crore.
JSW Steel output falls 13 per cent to 12.54 LT in October
The company had produced 14.47 LT crude steel in October 2018, it said in a BSE fil...
Balrampur Chini Q2 net profit up 8% to Rs 99.8 cr
Its net profit stood at Rs 92.52 crore in the year-ago period, the company said in a regula...
JSW Steel debt-based leverage likely to rise in FY20
In FY'19 and FY'18, the leverage was 2.2x and 2.6x respectively.
India to invite foreign firms to invest in state-owned oil companies
International energy firms will be invited to participate in India's privatisation of state-owned oil companies.
Biocon Biologics debuts in Asia IP Elite list
Biocon, the Bengaluru-headquartered bio-pharma firm and the parent company for Biocon Biologics, has has been recognised as the ASIA IP ELITE for the fourth year in a row. Biocon’s subsidiary received this award at the recently concluded IP Business Congress Asia in Tokyo, Japan. Biocon Biologics has a product pipeline of 28 molecules.
China's Jingye forges rescue deal for British Steel
Jingye added separately that it would invest 1.2 billion pounds(USD 1.5 billion, 1.4 billion euros) over the next decade to place the business, which collapsed in May, on a competitive and sustainable footing. Jingye will purchase British Steel's sprawling steelworks at Scunthorpe, northern England, as well as its other UK mills. Some 5,000 people are employed by British Steel.
Four Indian firms including Tata, Adani in final race for Rs 25,000 crore chopper deal for Navy
Under the first project of the strategic partnership policy of the Narendra Modi government to develop indigenous industry's defence manufacturing capacity, 111 light helicopters have to be built indigenously through joint ventures between Indian and foreign firms.
US firms with H-1B staff have more chances of landing funds
US firms with H-1B staff file more patents, generating significant economic value, according to a working paper by researchers for the National Bureau of Economic Research (NBER). A US based think tank said US tech startups that employ immigrant workers on H-1B visas have a higher chance of raising funds from venture capital firms.
Global steel firm in talks with 3 states for $4 billion unit
Ballari district in Karnataka is the company’s preferred location for the plant because the region has abundant deposits of high-grade iron ore, a key steel-making ingredient, and is home to steel, sponge iron and pellet units. The JSW Group has a steel mill of 12 MTPA capacity in the district.
Non-PE backed IPOs shine a shade brighter than PE-backed firms on debuts
Excluding 11 PSUs, the average listing returns by 26 non-PE backed companies stood at 23.3%.
Dharmendra Pradhan woos foreign firms to invest in India's oil & gas sector
Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market.
Alkem Laboratories Q2 net up 46.12% at Rs 380.52 crore
US sales in the quarter stood at Rs 527.6 crore, recording a growth of 11.7 per cent.
India Cements Q2 profit at Rs 5 crore
The company had posted a net loss of Rs 5.03 crore for July-September period a year ago.
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