Aditi Divekar And Agencies

Stories by Aditi Divekar And Agencies

India's First Gene-Edited Sheep Unveiled

India's First Gene-Edited Sheep Unveiled

Rediff.com   28 May 2025

The edited sheep contains no foreign DNA, distinguishing it from transgenic organisms and paving the way for regulatory approval under India's evolving biotech policy framework.

Raj Thackeray May Get 1 Lok Sabha Seat

Raj Thackeray May Get 1 Lok Sabha Seat

Rediff.com   20 Mar 2024

The MNS joining the BJP-led alliance in Maharashtra could help it with a 'Thackeray versus Thackeray' narrative, fielding Raj Thackeray, an articulate speaker, to take on his cousin Uddhav Thackeray.

High coal price to weigh on steel cos' Q2 earnings

High coal price to weigh on steel cos' Q2 earnings

Rediff.com   14 Oct 2021

Rising prices of international coal - both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said brokerages.

High commodity prices hit India Inc's profits, margins

High commodity prices hit India Inc's profits, margins

Rediff.com   17 Aug 2021

After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.

Vedanta to invest $20 bn across businesses, double silver and steel output

Vedanta to invest $20 bn across businesses, double silver and steel output

Rediff.com   11 Aug 2021

With a robust outlook for mineral-led growth in India, Anil Agarwal-led Vedanta Limited is looking to invest up to $20 billion across its businesses, which includes doubling of silver production and steel capacities. In a virtual press conference had last month, Agarwal said the company planned a capex of $5 billion over a period of three years. The company has not given a timeline for $20-billion investment.

India Inc getting back in biz with no-jab-no-entry policy

India Inc getting back in biz with no-jab-no-entry policy

Rediff.com   9 Jul 2021

With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.

High Covid toll sounds death knell for cement industry

High Covid toll sounds death knell for cement industry

Rediff.com   15 Jun 2021

With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.

Covid curbs at foreign ports hit Indian seafarers hard

Covid curbs at foreign ports hit Indian seafarers hard

Rediff.com   14 May 2021

The trade to-and-from India so far is not affected. But if the situation continues to remain the same for the next two to three months, it could definitely hurt India trade, including essential cargo.

Covid-19 surge makes corporate India nervous about Q1

Covid-19 surge makes corporate India nervous about Q1

Rediff.com   13 May 2021

Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.

Shipping cos gain as Baltic Dry index touches 10-year high

Shipping cos gain as Baltic Dry index touches 10-year high

Rediff.com   6 May 2021

Meanwhile, with China switching its trading partners due to geo-political issues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with tonne miles going up.

Tata Steel back with a bang in Q4; shows Rs 6,644-cr PAT

Tata Steel back with a bang in Q4; shows Rs 6,644-cr PAT

Rediff.com   6 May 2021

Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.

Centre's divestment plan: A stress test for zombie steel plants

Centre's divestment plan: A stress test for zombie steel plants

Rediff.com   30 Apr 2021

With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.

Reliance shareholders vote to demerge oil-to-chemicals business

Reliance shareholders vote to demerge oil-to-chemicals business

Rediff.com   3 Apr 2021

With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.

Adani Enterprises becomes third group firm to hit Rs 1-trn market cap

Adani Enterprises becomes third group firm to hit Rs 1-trn market cap

Rediff.com   4 Mar 2021

Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap.

What Adani is doing to prevent Mumbai's power outage

What Adani is doing to prevent Mumbai's power outage

Rediff.com   26 Feb 2021

'We are working in association with the state government and other transmission companies to make sure that the city never experiences blackouts'

Fuel price hike could see 50,000 small truckers going out of business

Fuel price hike could see 50,000 small truckers going out of business

Rediff.com   23 Feb 2021

About 50,000 truckers, most of whom are single-truck owners, could be thrown off their businesses due to the recent fuel price hike. "Already the vehicle supply on the road is higher than the requirement. "With the fuel price hike, fleet owners will look to cut down fleet size wherever needed and due to this, small single-truck owners could be at the receiving end," Ashok Goyal, managing director at BLR Logistiks (I) Ltd said. The company has a fleet of 500 vehicles of all types-small, medium and large with pan-India presence.

Infrastructure push: Higher expenditure yet to reflect in top line

Infrastructure push: Higher expenditure yet to reflect in top line

Rediff.com   15 Feb 2021

The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.

COVID-19 impact: How India Inc is gearing up to tackle unforeseen risks

COVID-19 impact: How India Inc is gearing up to tackle unforeseen risks

Rediff.com   23 Jan 2021

Companies are looking to combine risk management with strategy.

For India Inc, conserving cash is the mantra

For India Inc, conserving cash is the mantra

Rediff.com   25 May 2020

India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.

Post-COVID war chest: Tata Steel plans to raise up to Rs 10,000 crore

Post-COVID war chest: Tata Steel plans to raise up to Rs 10,000 crore

Rediff.com   13 Apr 2020

A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.

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