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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
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Cellphone shipments to touch 262 mn units in India
DNDEL11820 | 11/18/2017 12:00:00 AM | Author : Karrishma Modhy | WC :271

Mobile handset vendors shipped 80 million mobile handset units in the third quarter this year and expect shipments to likely touch 262 million units by the end of fourth quarter, stated market research firm CMR.The report stated, since the begin

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Apple update fixes iPhone X screens
DNDEL11821 | 11/18/2017 12:00:00 AM | Author : Karrishma Modhy | WC :224

Only a few days after Apple released iOS 11.1.1, the company has now released iOS 11.1.2, the 7th public release for users. This update primarily focuses on fixing problems associated with the iPhone X.The update is now available for download

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OnePlus 5T launched at `33K
DNMUM401046 | 11/18/2017 12:00:00 AM | Author : DNA Correspondent | WC :632

In a huge event in New York, OnePlus launched its latest smartphone — OnePlus 5T. With a 6-inch full-HD+ Optic AMOLED screen with an 18:9 aspect ratio and Corning Glass 5 on top, it’s a drastic improvement over the 16:9 ratio 5.5-inch screen on the O
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Crude falls, Sensex rises 346 points
DNMUM400944 | 11/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :224

Mumbai: Dalal Street saw value-buying with benchmark indices notching up their biggest single-day gains since November 1. The BSE Sensex jumped 346.38 points, or 1.06%, to close at 33106.82 reclaiming the key 33000-mark. The index reversed its
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