FLAT ROLLED ALUMINUM PRODUCTS
Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%
Vedanta reported a 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kt, driven by expanded capacity. Compared to Q1FY24's 395 kt, this marks an 11% quarterly rise from 484 kt in the previous March quarter.
ArcelorMittal shelves plan to close S.African steel plant
"The board and management have decided that the longs (steel) business will continue to operate to allow an opportunity for the short, medium and longer-term initiatives aimed at securing its sustainability, to be fully explored," ArcelorMittal South Africa said in a trading update.
10 Best Cake Moulds to Help You Bake Decadent Cakes
It is really hard to resist a rich decadent cake, right? Well, you can now bake not just your favourite cake but also brownies, rolls, breads and much more with the help of a cake mould. We have curated a list of 10 best cake moulds that will help you bake the most relishing desserts.
Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' margins
This is the third time in the past decade that local producers are confronting such a situation. "The government has in the past imposed duties against Chinese steel products, including those being routed from countries like Vietnam," a top official of a steel company told ET, adding that the primary steel makers had flagged their concerns to theCentre.
Hindalco shares surge 2% after company arm Novelis files 45 million shares in IPO
Hindalco Share Price: Hindalco's shares surged 2% on the BSE during Wednesday's trading session, reaching a peak of Rs 695 for the day. This rise followed news that its subsidiary, Novelis, had filed to offer 45 million shares in its US initial public offering (IPO), with a price range of $18 to $21 per share.
Hindalco's Novelis files papers for US IPO, targets up to $12.6 billion valuation
Novelis is offering 45 million shares, and aims to raise $945 million in its US public offer, and has fixed the price band at $18-21 per share.
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India only nation among top 5 to see growth in steel production
India is the only top five steel producing nation to see growth in production in April, while China, Japan, and the United States experienced a decline. India's steel production rose by 3.6% in April, with a total of 49.5 million tonnes produced from January-April this year.
Aluminum products maker Novelis makes US IPO filing public
The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses.
KM Birla said to mull seeking $1.2 billion in Novelis IPO
Novelis IPO: Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private.
Amazon Summer Sale 2024 - 50 to 80% off on beauty and luxury beauty
For the ultimate beauty bonanza check out the once in a year Amazon summer sale that is ending soon, featuring amazing discounts on top beauty brands. Find skincare essentials, luxurious fragrances and discover a plethora of products to elevate your beauty regimen. With discounts of up to 60 percent off, you can indulge in high-quality cosmetics without breaking the bank. Whether you're seeking gentle yet effective skincare from Simple or vibrant makeup from Elle 18, Amazon has you covered. With enticing deals on Dove, Vaseline, and more, it's the perfect opportunity to stock up on summer skincare essentials.
10 Best deos and roll-ons: Beat summer with an extra dose of freshness
Since the summer season has arrived pretty early, do not forget to add a deodorant or a roll on to your everyday shower routine. They not only make you smell amazing but also nurture the sensitive skin of your underarms. This article features a well curated guide to the 10 best deos and roll ons that will help you fight against bad odour and bacteria.
Why the world of chocolate is in crisis
For the world’s chocolate makers, the crisis is here. Plants have been forced to shutter from Malaysia to Germany and Chicago.
Aluwind Architectural makes flat debut on D-Street
Aluwind Architectural listed at Rs 45 on NSE SME platform, focusing on aluminum products like windows and doors. The IPO had 66 lakh shares with 8 times subscription. The company operates from a Pune facility with CNC machines for precision manufacturing.
India, US resolve last outstanding WTO dispute on poultry
In 2015, India lost a long-pending dispute over poultry imports from the US at the WTO. India had prohibited the import of various agricultural products from the US because of concerns related to Avian Influenza. New Delhi lost the case at the WTO at both the panel level and at the appellate level and though it lifted the ban, Washington remained unconvinced about the mechanism for poultry shipments and import duties and did not withdraw the case at the WTO.
Shyam Metalics forays into aluminium flat-rolled products
The investment is aimed at capacity expansion of the group while also generate the employment of 1000 direct and in-direct jobs. It will also increase manufacturing of Aluminium flat rolled products to bridge the demand & supply gap making Shyam Metalics group self reliant for the raw materials of aluminium foil business. The plant is to be setup in Odisha.
Good Glamm Group secures $30 million in funding at flat valuation, seeks more
The latest funding in Good Glamm was led by US-based Warburg Pincus, which invested Rs 129 crore in funding, while Prosus, Bessemer India and Accel Partners put in Rs 95 crore, Rs 12 crore and Rs 8 crore, respectively.
Deem Roll Tech shares list at 55% premium on NSE SME
Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.
Discover the Best Foldable Ladders for Easy Storage and Convenient Access in India
Whether for reaching high shelves, changing light bulbs, or conducting home maintenance, foldable ladders provide a safe and stable platform for a wide range of tasks. Foldable ladders are handy due to their versatility and convenience. Their ability to collapse into a compact size makes them easy to store in small spaces, while their extendable design allows them to reach various heights. So, to make all your tasks easier and safer, you must consider buying a foldable ladder.
Value growth hit in 2023, volumes fill consumer baskets
For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.
Hindalco Q2 Results: Profit growth flat YoY at Rs 2,196 crore, revenue dips 4%
On a standalone basis, net profit stood at Rs 847 crore for the quarter ended September 2023, up 55% from Rs 548 crore clocked in the previous year quarter. Revenue from operations rose 12% YoY to Rs 20,676 crore. The company reported an EBITDA of Rs 1,756 crore in the second quarter under review, and margins were at 8.5% in the same period.
Yokohama bets on local production for sustainable biz in India
Yokohama India Managing Director and CEO, Harinder Singh, stated that the company supports the government's ban on tyre imports and aims to capture a larger share of the premium SUV market by offering locally manufactured, high-end tyres. The move towards localisation helps reduce costs, lead times, and dependency on imports.
TCS CEO & CFO explain the disconnect between revenue booking, deal signings & helicopter shots
TCS CEO K Krithivasan and COO NG Subramaniam discussed the company's Q2 results and future outlook. They highlighted strong deal wins in the UK, while the US market faces uncertainties due to weak retail and manufacturing sectors. They acknowledged that revenue booking and deal signings can be disconnected due to the completion of large projects and customers reprioritizing ongoing projects based on ROI. The executives emphasized the need for agility in planning and stated that the recovery timeline is uncertain.
Shyam Metalics expects to start commercial production of battery-grade aluminium foil from Q2 next year: Sheetij Agarwal
Shyam Metalics and Energy Limited has entered the energy storage sector by manufacturing battery-grade aluminum foil. The company believes that with the growing lithium-ion production capacity in India from 2024 to 2030, they will be a key supplier of raw materials to these plants. They are currently in the trial phase with upcoming lithium-ion battery companies and expect commercial orders to start flowing in by the first quarter of next year.
Members committed to fully functioning dispute settlement system by 2024: WTO deputy DG Angela Ellard
"The resolution of the US-India disputes is a very welcome development. I think the dispute settlement mechanism here in the WTO created a path for that resolution," Angela Ellard said, adding that these are all examples of how having a dispute settlement system helps members resolve their conflicts.
Asian stocks stumble as 'dollar juggernaut' on a roll
Some $200 billion has been wiped from Apple's market capitalisation in two days on reports of China curbing iPhone use by state employees and on Friday protectionism fears were weighing on shares of chip suppliers in Asia.
Telecom infra set to rise 10%; FMCG stock promises 3%
The markets remained noncommittal. Nifty remained flat for a while before dipping. But it closed positive.
Aluminum heads for more supply chaos as Biden weighs Russia ban
Aluminum prices surged to a record in March in the immediate aftermath of Russia’s attack, but have receded as Russian metal has largely kept flowing to global markets.
Demand for Aluminium slows in another sign of troubled economy
Shipping and logistics costs for the metal in the US are down 11% so far this year, raising the possibility that consumers may be willing to hold off doing new contracts in hopes that costs could drop even more.
Aluminum industry frets that its supply snarls have just begun
Global supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor disruptions caused by Covid outbreaks.
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