Insolvency proceedings for stressed a/cs may lead to consolidation in the steel sector
27/06/2017 , by in ALLIED

Insolvency proceedings for stressed accounts may lead to consolidation in the steel sector. This could prompt stronger steel players with healthy financial profile to bid for these assets at attractive valuations and increase their market share, according to ratings agency, ICRA. “We feel that th... Read more...



JSW Steel sets up team to oversee GST implementation
Jun 2017 , by in ALLIED

Sajjan Jindal-led JSW Steel has put in place a dedicated team to oversee smooth adoption of the GST regime across its plants and outlets spread across the country. The flagship company of USD 9 billion JSW Group, JSW Steel is one of the country's leading integrated steel manufacturers with a capaci... Read more...

Ultratech cement partners with Bengaluru and Kochi metro
Jun 2017 , by in ALLIED

UltraTech Cement, India’s largest cement manufacturer has again reinforced its strong commitment towards ‘Build Beautiful’ by playing a vital role in the construction of the Bengaluru Metro System, also popularly known as the Namma Metro and the iconic Kochi Metro System. Both metro systems we... Read more...

Reliance Capital gets NCLT nod for shareholders meet
Jun 2017 , by in ALLIED

Reliance Capital  said it has received approval from National Company Law Tribunal (NCLT) for shareholders' meeting on demerger of Reliance Home Finance, a move that will facilitate independent listing of the home finance unit on exchanges The company has already received 'no-objection' from the... Read more...

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