STAINLESS STEEL PRODUCTION INDIA
Myntra End of Reason Sale: Enjoy Minimum 40% off on Stylish & Durable Dinner Sets
Get ready to elevate your dining experience with the Myntra End of Reason Sale, offering a minimum of 40% off on a wide range of dinner sets. From elegant opalware by La Opala and Larah by Borosil to durable melamine sets by Aura and traditional steel and copper collections, there’s something to suit every taste and home. So, don’t miss this chance to grab premium dinner sets at amazing prices—only during the Myntra Sale!
Monolithisch India Limited launches Rs 82.02 crore IPO
Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform.
TReDS platform M1xchange plans IPO in 3-5 years
M1xchange a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years.
SAIL supplies 16,000 tonnes of steel for bridge over Chenab river: Bhilai Steel Plant official
Steel Authority of India Limited provided 16,000 tonnes of steel for the Chenab railway bridge construction. Bhilai Steel Plant contributed 12,000 tonnes. Prime Minister Narendra Modi inaugurated the first train service to the Kashmir Valley. He also inaugurated the Chenab bridge. The bridge is an engineering marvel. It can withstand high wind speeds and earthquakes.
Delhi govt plans to install water ATMs at public spaces through CSR initiative
The Delhi government is initiating a pilot project to install 20 water ATMs via CSR, addressing the scarcity of drinking water in public areas like markets and hospitals. These ATMs, equipped with purification and real-time monitoring, will be installed in PPP mode.
Trump's new move could hammer India’s factories, and wreck exports and jobs
President Trump's decision to double tariffs on steel and aluminum imports to 50% has sparked global trade concerns, particularly for India's export sector, which faces potential job losses and revenue declines. While the UK secured an exemption, India is considering retaliatory measures and seeking a similar waiver amid ongoing trade negotiations with the US.
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Domestic stainless steel consumption grows 84 pc in 5 years to hit 4.8 mn tonnes in FY25: ISSDA
India's domestic stainless steel consumption surged by 84% over the past five years, reaching 4.80 million tonnes in FY 2024-25, driven by infrastructure, railways, and construction sectors. The per capita consumption also increased from 2.5 kg to 3.4 kg during this period. Industry forecasts predict demand will reach 6.8 million tonnes by FY30, with per capita consumption rising to 4.5-5.
Stainless steel industry pushes for dumping duty
India's stainless steel industry is engaging with the Centre to impose an anti-dumping duty, with an application expected this month. Ratan Jindal emphasizes the need for safeguards to encourage investment as domestic capacity utilization hovers around 60%, while imports account for 30% of consumption.
Jindal Stainless chairman urges govt to impose appropriate duties on imports from certain countries
Jindal Stainless Chairman Ratan Jindal has urged the government to impose duties on surging imports from countries like China and Vietnam to protect the domestic industry and livelihoods. He highlighted the disruptive impact of excess production from these nations, especially on MSMEs, advocating for policies that favor 'Make in India' and support the stainless steel sector.
Finance ministry wants lower energy prices for green steel incentives, sources say
India's finance ministry is waiting for green hydrogen prices to fall. This is before they decide on financial support for green steel production. Steel producers are seeking incentives for decarbonization. The finance ministry is concerned about the high costs of green hydrogen. They worry it could make green steel unviable and inflationary. This could delay India's 2070 net-zero goal.
India's demand for stainless steel to grow 7-8% Y-o-Y over next 2-3 years: ISSDA
India's stainless steel demand is set to rise by 7-8 percent annually for the next three years. Consumption reached 4.8 million tonnes in FY25, growing about 8 percent. Opportunities lie in railways, tunnels, ports and airports. Government capex is boosting infrastructure. India is the second largest consumer of stainless steel globally. The construction market is expected to reach USD 1.
Scoda Tubes shares list flat at Rs 140 on NSE, BSE
Scoda Tubes Limited's shares listed flat on June 4th at Rs 140 on both BSE and NSE, despite a strong IPO subscription of 57.37 times. The IPO, a fresh issue of 1.57 crore shares, saw significant interest from NIIs, QIBs, and retail investors. Proceeds will fund expansion and modernization, with the company reporting a net profit of Rs 24.
Best dishwashers under 30000 for powerful cleaning and convenience
Selecting the right dishwasher with a budget of 30,000 can make life a lot easier in the kitchen while maintaining hygiene and efficiency. In this collection, we list the best dishwashers below 30,000 with the most popular models in 12 and 13 place settings. From reliable manufacturers, such as Faber and Crompton, these dishwashers include the latest features like intensive wash, quick wash, delay start, and energy-saving capabilities.
Best wedding gifts under 20000 for couples who deserve the best
Search for the best wedding gifts under 20,000 to enjoy a couple’s special day with meaningful style. Gifts can be anything from useful gadgets to elegant home ware to memorable keepsakes. Thoughtful gifts can demonstrate love, support, and well-wishes. In this collection, you will find useful and original wedding gifts that have a beautiful balance of aesthetics and function. Each gift idea has been chosen as a pleasant surprise to help you choose a wedding gift that has significance and will be highly appreciated.
Trump promises to hike steel and aluminium tariffs to 50% starting Wednesday. Here's what we know
Donald Trump plans to increase tariffs on steel and aluminium imports. The tariff will be increased to 50% for most countries. The move aims to protect U.S. industries. Businesses and consumers may face higher prices. The United Kingdom will get an exception due to a trade deal. Other countries may retaliate. The changes could impact various sectors
Ignore volatility and look for long-term opportunities: 5 mid-cap stocks from different sectors with upside potential of over 23%
While the Nifty and Sensex are volatile, the number of stocks advancing and declining, indicative of market breadth, are pretty much even. This suggests the underlying sentiment of the market is still in favour of the bulls. The reason for our bullish assumption is that, historically, when the bears are in control, market breadth suffers badly. However, because the market is in a very sector- and stock-specific mode at the moment, it would be better to be selective and cautious while being bullish.
Best wedding gifts under 5000: Thoughtful, stylish and budget-friendly ideas
Looking for the perfect wedding gift without overspending? This collection presents a curated list of the best wedding gifts under 5000 that combine quality, style, and sentiment. From home essentials like dinnerware and comforters to modern tech like smart speakers and coffee makers, these options are ideal for newlyweds. With a focus on value, utility, and presentation, each suggestion helps you express your love and congratulations memorably and affordably, making every gift truly special.
Stocks in news: Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries
The market remained mostly flat amid volatility, with Vodafone Idea seeking AGR solutions and Jindal Stainless investing in renewable energy. Grasim Industries approved a Rs 1,000 crore NCD issuance, while GQG Partners increased its stake in ITC. HCL Tech partnered with UiPath for automation, and Frontier Springs secured a Rs 93 crore order.
Best farewell gifts under 500: Thoughtful and budget-friendly ideas
Finding the best farewell gifts under 500 can be challenging, but thoughtful and meaningful gifts don't have to be expensive. Meaningful farewell gifts are important for coworkers, friends, or teachers to show appreciation and provide lasting memories. Some great farewell gifts include personalised stationery, decorative items with positive and inspirational messages, useful gadgets, or a cute keepsake. The guide will show you affordable and creative ways to say goodbye. Celebrate relationships with farewell gifts that are equally sentimental and affordable.
Tata Steel among other aluminium, steel stocks slide up to 3% as US doubles tariffs to 50% on imports
The U.S. announced it will double tariffs on metal imports to 50% from June 4, 2025. The move affects key exporters like Tata Steel, JSW Steel, Hindalco, and NALCO, potentially denting India’s $4.56 billion metal exports to the U.S. under Section 232 of U.S. trade law.
Scoda Tubes IPO allotment: Here's how to check status, listing details, and GMP
Scoda Tubes' ₹220 crore IPO allotment will be finalised today, following a strong 57.37x overall subscription. Investors can check allotment status via Link Intime or the BSE websites. The stock will list on June 4, with a GMP of ₹20, suggesting a potential 15% listing gain. Proceeds will support capacity expansion, working capital, and general corporate needs.
FIEO worried over US tariff hikes on steel, aluminium
Federation of Indian Export Organisations raised concerns about US tariff hikes. These hikes could disrupt India's steel and aluminium exports. The US plans to double import tariffs to 50%. Indian exporters fear a loss of price competitiveness. They urge govt intervention at a bilateral level.
Doubling tariff on steel, aluminium by US to disrupt India's metal exports: Experts
Donald Trump's decision to double tariffs on steel and aluminium imports is set to affect Indian exporters. India's iron, steel, and aluminium exports to the US, valued at USD 4.56 billion, face higher tariffs. The Indian government may retaliate with tariffs on US goods. Federation of Indian Export Organisations urges government intervention and market diversification.
Trump says he plans to double steel tariffs to 50%
Donald Trump intends to raise tariffs on foreign steel imports to 50% from 25%. This move aims to bolster the US steel industry. The tariff increase coincides with an agreement between Nippon Steel and US Steel. Cleveland-Cliffs Inc shares have surged following the announcement. The doubled steel levies are scheduled to take effect on June 4.
Scoda Tubes IPO subscribed 53 times on final day of bidding
Scoda Tubes' IPO saw overwhelming investor interest, subscribing 53.78 times on its final day. Non-institutional investors led the charge with 113.03 times subscription, followed by QIBs at 69.51 times. The company plans to utilize the raised capital to expand production capacity and meet working capital needs, targeting diverse industries like oil and gas.
India shines as bright spot for global steel industry, says Jefferies Report
India's steel sector is experiencing significant growth, contrasting with a global decline. Output surged 33% between 2019 and 2024, driven by rising domestic demand. While pricing pressures emerged due to Chinese imports, government intervention through safeguard duties has stabilized the market, with a positive outlook for continued growth in the coming years.
Welspun Corp Q4 Results: Net profit jumps 143% to Rs 699.19 cr; orderbook crosses Rs 19,500 cr level
Welspun Corp Limited witnessed a surge in net profit for the March quarter. The company's expenses reduced, contributing to the profit jump. While income dipped slightly, the company's board proposed a dividend. They also approved raising funds through commercial papers. Welspun Corp reduced its debt significantly and boasts substantial cash reserves.
10 Best Watches in India that Reflect your Passion for Precision
This curated collection showcases top-rated watches from trusted brands like Titan, Casio, Fossil, and Tommy Hilfiger. Covering a wide range of styles-from elegant analog classics to rugged sports models, the article highlights key features such as water resistance, durable materials, quartz movement, and multifunction displays. Ideal for both men and women, and suitable for casual, formal, and active lifestyles, the best watches listed below help you make an informed choice to suit your personality and needs.
Scoda Tubes IPO sails through on day 1 on QIB push. Check GMP, reviews, other details
Scoda Tubes' IPO, aiming to raise Rs 220 crore, was fully subscribed on its first day, with strong interest from QIBs. The stainless-steel tubes manufacturer's IPO has received 'SUBSCRIBE' ratings from brokerage firms, citing its technical expertise and growth potential. Investors are advised to consider cash flow concerns and customer concentration risks.
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