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Tough times ahead for India's steel producers

 Traders blame demonetisation for subdued demand in retail segment It is going to be tough for domestic steel companies to maintain their toplines in coming quarters. With local demand for the......

An external agency to monitor Bhushan Steel?

 State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing. Ahead of the lenders' meet on Monday, some of the bankers......

Bhushan Steel to raise Rs 6,000-crore equity

 Faced with a threat of lenders monitoring its operations, Bhushan Steel has decided to raise equity up to $1 billion (around Rs 6,000 crore). "The board passed a resolution on Wednesday to raise......

IT, telecom goods prices to fall

 The government has reduced Customs duty on a wide range of information technology and telecom products. Duties on plastics and resins have also been cut. As a result of the duty reduction, prices......

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