Pricing weakness likely to weigh on Indian steel companies' stocks

Steel companies are witnessing margin pressures in Q2FY25 and this may persist until China sees growth recovery. Photograph: Wolfgang Rattay/Reuters For some categories of steel prices are at......

Global supply, margin pressures overhang for Indian steelmakers' stocks

Analysts are advising a cautious stance on the steel sector due to a combination of factors. Photograph: Babu/Reuters The major one is that China has maintained momentum on steel exports in CY24......

Reliance ends rebate to PSUs

In another blow to public sector oil companies, Reliance Industries Ltd has stopped the discount it offered on diesel and petrol sold to these firms.The country's only private sector refiner was......

OilMin to move Cabinet panel on raising LPG, kerosene prices

The Oil Ministry is likely to move the Cabinet Committee on Political Affairs soon with an expert panel recommendations of raising kerosene price by Rs 4 a litre and cooking gas rates by Rs 250 per......