News Overview

According to the existing permit deadlines, Tata Steel anticipates ordering equipment for the electric arc furnace by September 2024

Approval from lenders comprising 75% by value is necessary for the demerger, with consent secured from multiple private lenders already.

U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.

Tech Mahindra secured net new deals worth $500 million in Q4 FY24, showing improvement from the previous quarter.

The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.

Despite slow first-quarter economic growth in the U.S., inflationary pressures have strengthened, reducing expectations of interest rate cuts before September.

Last month, Adani Green issued a $409 million dollar note, which was oversubscribed seven times, indicating strong investor confidence despite previous controversies

Its net interest margin (NIM) was 4.26%, compared to 4.28% in Q4 FY23 and 4.29% in Q3 FY24.

The listing date for the JNK India IPO is scheduled for Tuesday, April 30, marking the next milestone in the IPO journey.

Building a new electric arc furnace while maintaining the existing steel melting shop would be risky and complex.