by Team Small News | Dec 27, 2024 | JSW Steel
ICICI Securities has upgraded Tata Steel and JSW Steel to a “Buy” rating, citing improvement in the profitability and cash flow of the steel industry. The brokerage firm has also kept its overweight call on the metal sector, citing factors such as demand... by Team Small News | Dec 27, 2024 | JSW Steel
Sajjan Jindal, Managing Director of JSW Steel, is leading the company’s efforts to expand in the electric vehicle (EV) market. JSW is in talks with multiple auto majors, including Chinese company Geely, to form joint ventures for EV production. The company is... by Team Small News | Dec 19, 2024 | JSW Steel
JSW Steel has completed a restructuring process in the US, merging two subsidiaries, Purest Energy LLC and Caretta Minerals LLC, into their respective holding companies, Periama Holdings LLC and Planck Holdings LLC. This move aims to simplify operations, reduce... by Team Small News | Dec 19, 2024 | JSW Steel
According to Nuvama Research, Vedanta will be severely impacted by future volumes from Karnataka mines. The company will need to pay a 3x royalty rate of 15% as well as a Rs 100 per tonne tax on iron ore. In contrast, NMDC will only need to pay a Rs 100 per tonne tax... by Team Small News | Dec 18, 2024 | JSW Steel
India is likely to impose a “safeguard duty” or temporary tax of up to 25% on steel imports to curb cheap imports from China, according to industry and government sources. The decision was made following a meeting chaired by Commerce Minister Piyush Goyal,... by Team Small News | Dec 17, 2024 | JSW Steel
JSW Steel, an Indian steel giant, has formed a strategic partnership with South Korea’s POSCO (Pohang Iron and Steel Company) to collaborate on various business areas. As part of the partnership, the companies will jointly operate a 6 million tons per annum...