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GTL likely to go for debt restructuring

Friday 15th Jul 2011 1251

Mumbai : Equity infusion of Rs 2,000 crore likely, SBI Capital’s advisory report expected by end of month.

Cash-strapped telecom infrastructure company, GTL Limited is likely to head for corporate debt restructuring....

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Steel prices to rise in spite of auto slowdown

Friday 15th Jul 2011 1247

Kolkata : Prices of flat and long steel products are likely to increase from next month, on the back of increased costs and low inventory levels.

Steel industry representatives indicated the domestic....

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Auto steel makers face pressure as car demand withers

Thursday 14th Jul 2011 1244

Mumbai : Auto-grade steelmakers in the country have started to feel the pinch of dwindling car sales. The outlook is cautious and the steel manufacturers are staring at a drop in....

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Readymade Steel makes weak debut, falls 40%

Thursday 14th Jul 2011 1350

Mumbai : The shares of Readymade Steel India, which made its debut on Wednesday, fell below its issue price on the first day itself.

On the Bombay Stock Exchange (BSE), the shares....

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L&T targets Rs. 30,000cr expansion in Orissa

Wednesday 13th Jul 2011 1254

Orissa : Construction and engineering major Larsen and Toubro Limited (L&T) in a mega investment drive has decided to set up one more power plant and also a steel plant involving....

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