You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Revival of Essar Steel may face hurdles

DNMUM400825 | 11/15/2017 | Author : Ateeq Shaikh | WC :397

Mumbai: Naxalites puncturing Essar Steel’s slurry pipeline, unavailability of gas at viable prices and lack of long-term funds are three crucial roadblocks that bidders for the company will have to face to save it from its current financial mess.
Ever since the company was referred to National Company Law Tribunal (NCLT), its production, as well as profits, have taken a plunge.
The production, which was at 1.57 million tonne in the first quarter of this fiscal, has fallen to 1.33 million tonne in the July-September quarter, a drop of 15%. Similarly, the operating profit, which was at Rs 297 crore in April this year, dropped to Rs 113 crore in July.
Senior company officials are of the opinion that the operating profit would drop
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Caught in a handshake
DNMUM424659 | 10/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :612

As start-ups race ahead to acquire emerging competitors, a clutch of high-profile, big branded start-ups are debating mergers with their equally competent rivals.
Speculation about an Ola-Uber merger in India has been gathering storm since a whil
Add To LightboxCalculate Price

Why ship repair yards lag global peers
DNMUM424668 | 10/23/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :795

Mumbai: Drydocking facilities for ship repairs in India are far from adequate as compared to shipbuilding capacities. Hence, the country’s ship repair industry is no match for the global competition.
As per a research paper - A Comparative Study o
Add To LightboxCalculate Price

ZEE secures tech patent from US
DNMUM424672 | 10/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :123

Mumbai: Global media and entertainment firm ZEE Entertainment Enterprises Ltd (ZEE) has secured a patent from the United States (US) for a technology platform developed by its unit ZEE Media Lab in the Silicon Valley.
Built on robust and state-o
Add To LightboxCalculate Price

Nokia bets on 4G feature phones
DNMUM424673 | 10/23/2018 12:00:00 AM | Author : Mansi Taneja | WC :617

New Delhi: The latest entrant in the fast-growing 4G feature phone market, Nokia, is betting big on the category that has created enough buzz in the last year since the new telecom player Reliance Jio launched its 4G feature phone at dirt cheap price
Add To LightboxCalculate Price