Culture&Arts

Delay in Bhushan Steel acquisition may lead to governance issues

Delay in Bhushan Steel acquisition may lead to governance issues

Tata Steel has been allegedly facing ground level resistance in and around the BSL unit at Odisha, his comments are likely to calm down concerns of contractual workers who are reportedly suffering job losses after the proposed acquirement.

JSW Steel has reported a 186 per cent jump in net profit and a 16 per cent growth in revenue in the fourth quarter, backed by strong margins of the alloy across the globe.

The consolidated total income of the company increased by 16 per cent to Rs 20,862 crore during the quarter under review as against Rs 17,973 crore in the corresponding quarter of the previous fiscal.

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Author Tom Wolfe , whose novels The Right Stuff and The Bonfire of the Vanities were made into feature films, has died at age 88. In 1990, it was for the big screen in a movie starring Tom Hanks, Kim Cattrall, Melanie Griffith and Bruce Willis.

Narendran said growth was broad-based across marketing segments and added that Tata Steel Europe had a good quarter despite currency headwinds.

For the full financial year of 2017-18, Tata Steel recorded a consolidated profit of Rs 17,763 crore as against a consolidated loss of Rs 4,169 crore in 2016-17.

Sajjan Jindal-led JSW Steel today said the company has made a decision to invest an additional Rs 17,600 crore for increasing its steel capacity to 24.7 million tonne per annum (mtpa) by 2020. This would also include the cost of the corporate insolvency resolution process and all outstanding employee dues, but exclude the operational creditors' settlement amount of Rs. 1,200 crore as per the resolution plan.

Facebook, Aiming for Transparency, Details Removal of Posts and Fake Accounts
The company previously enforced community standards by having users report violations and trained staff then deal with them. Compare that to the 95.8 percent of nudity or 99.5 percent of terrorist propaganda that Facebook purged automatically.

"Kalinganagar Phase 2 expansion is progressing well, which will take our capacity from 13 million tonnes (mt) to 18 mt of crude steel. We have also received CCI approval for this", he said.

"We completed two large financing transactions, which apart from providing funds also gives us significant flexibility to pursue our growth plans. We also completed a $2 billion Rights Issue", Chatterjee added. The company said that the agreement for the joint venture is expected to be signed in the current quarter.

The steel maker launched 38 new products in FY18 in its India operations and enriched products now account for 68 per cent deliveries in India while branded products contribute 46 per cent of total revenues.

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It is the most holy month in the calendar for Muslims as it is believed the Quran was revealed to Prophet Mohammed during Ramadan. Muslims observing Ramadan refrain from eating or drinking before dawn through dusk.

The shares of the company closed at ₹ 336.65 a scrip on the BSE, up 0.87 per cent from the previous close.


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