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ICICIdirect Research Posted on 09:10am 04-Aug-2020

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ICICIdirect Posted on 09:12am 29-Jul-2020

Tata Steel flagged-off the 1st raw material consignment of ferrous scrap on the 24th of July for trials at its steel recycling plant being set-up in Rohtak in Haryana...

The first state-of-the-art Scrap Processing Plant of 0.5 MnTPA (million tonne per annum) capacity, (which is being set-up in Rohtak, Haryana), is scheduled to be commissioned soon. The National Steel Policy envisages a 300 MnTPA steel production in India by FY30 and steel recycling will play a pivotal role in attaining this ambition. Click on the title to read key developments...
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ICICIdirect Research Posted on 09:00am 28-Jul-2020

IOC and Total formed a 50:50 JV to manufacture and market high-quality bitumen derivatives and specialty products in India...

The JV will set up six new greenfield plants in the first four years at an investment of | 226 crore. Click on the title to read key updates.
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ICICIdirect Research Posted on 09:05am 27-Jul-2020

Telecom industry subscriber base dipped by 8.2 million in April, 2020 on account of lockdown and nonavailability of offline recharges....

The active subscriber base dipped 31.3mn (down 4.2% YoY and 3.2% MoM) to 958 mn. Airtel’s active subs declined 8 mn to 307 mn and total subs dipped 5.3 mn. VIL’s active subs were most impacted with a decline of 14.1 mn to 280 mn and total subs dipped by 4.5 mn. New operator active subs base shrink 7.2 mn to 306 mn in April 2020. However, it saw total subs net add at 1.6 mn despite a tough situation. Click on the title to read key updates...
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ICICIdirect Research Posted on 09:00am 23-Jul-2020

eClerx has announced closure of buyback...

The company has bought back 20.9 lakh equity Shares at an average price of | 522.97/- per equity share and utilized | 109 crore which is 100% of the maximum buyback size (excluding transaction costs). Click on the title to read key developments...