Mr. Alireza Moghaddam, Chairman, AMIDT Group

INVESTING IN UPCOMING MARKETS A GOOD IDEA?

 

The first half of 2017 has seen exchange-traded funds investing in stocks from developing nations as Brazil, China, India, Mexico and Russia have taken in $10.5 billion in new money. With $127.8 billion in total assets, one-twelfth of all the money in these funds has come in over the past 90 days.

Much of that, presumably, is in hot pursuit of high recent returns […]

KOREAN CRISIS AND ITS EFFECT ON THE GLOBAL METAL MARKET

International stability faces a growing threat from an aggressive and heavily militarized Democratic People’s Republic of Korea (DPRK, North Korea). For a variety of reasons, U.S. policy has failed to contain Pyongyang’s outsized ambitions to build nuclear weapons and delivery systems that can credibly threaten U.S. allies and military interests in Asia and ultimately the continental United States. Even though the program appears to be gathering mom […]

LANXESS India Wins the TRILA Award for the Category ‘Company of the Year - Rubber Chemicals’ for Second Consecutive Year

Specialty chemicals company LANXESS LANXESS India has once again won the Company of the year Award under the Rubber Chemicals category in the recently held Tyre & Rubber Industry Leadership Acknowledgement (TRILA) awards in Chennai on 12th July, 2017. LANXESS India had won this recognition in the year 2016, as well.
Dr. Arup Kumar Chandra, Head Special Projects – Apollo Tyres Limited, presented the award t […]

Coal Auction in India do Not Get Another Chance

Independent power generators that do not participate in the announced auction for coal supply or do not offer any discounts on existing tariffs will not get another chance to secure long term coal supply contracts from Coal India, the company has decided. 
Coal India will hold two separate auctions to ensure coal supplies for independent power producers. One would be for those with power purchase agreements, es […]

Illegally Iron Ore Extracted in Goa Worth Rs, 1900 Crore

The Comptroller and Auditor General (CAG) report has pointed out that overall Rs 1,900 crore worth illegal extraction of iron ore was reported in the state between 2009-16 in violation of the mining plan and environment clearances (ECs). 
The performance audit on systems and controls in collection of minerals receipts has revealed a number of system and compliance deficiencies, the CAG report which was tabled o […]

Tata Steel Chairman N Chandrasekaran Defends Acquisition of Corus Steel

Tata Steel chairman N Chandrasekaran today defended the acquisition of Corus Steel in the UK and said all allegations were incorrect as the decision was one of the long-term strategies to grow through international acquisitions. 
Addressing the 110th annual general meeting (AGM) here, Chandrasekaran said during the second-half of the previous fiscal, the company had faced challenges owing to leadership change a […]

Tata Steel Should Focus on Domestic Market to Reduce Debt:

Tata Steel chairman N Chandrasekaran has said India will be a “focus market” in the near term with domestic steel demand tipped to grow at a significantly higher rate of 6-7% over the next two years. 
Addressing the company’s annual general meeting as chairman for the first time, Chandrasekaran said while he expects steel demand in the Euro zone to be “mildly positive”, the company […]

Tata Steel India, Europe Profitability to Sustain in FY18: S&P

Positive performance by tata steel during the first quarter of 2017-18 is on expected lines and profitability will be sustained in the current fiscal, S&P Global Ratings.
“The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company’s credit quality,” S&P Global Ratings said in a statement. 
[…]

Tata Steel Chairman N Chandrasekaran Defends Acquisition of Corus Steel

Tata Steel chairman N Chandrasekaran today defended the acquisition of Corus Steel in the UK and said all allegations were incorrect as the decision was one of the long-term strategies to grow through international acquisitions. 
Addressing the 110th annual general meeting (AGM) here, Chandrasekaran said during the second-half of the previous fiscal, the company had faced challenges owing to leadership change a […]

Tata Steel sees UK Pension Scheme Soon

Tata Steel is hopeful of “shortly“ reaching a final agreement on a deal to separate its UK pension scheme from its businesses, a development that could pave the way for potential merger of its European businesses with German steel producer Thyssenkrupp 
While Tata Steel and Thyssenkrupp have been in talks to merge their European steel businesses for nearly a year, experts believe Tata Steel’s […]

Construction Equipment Sale May Grow 15 Per Cent on Infrastructure Push

Sales of construction equipmentare expected to grow 10-15% to a record high in 2017, driven by the government’s focus on infrastructure building. Sales of equipment such as backhoe loaders, excavators, earth moving machines and pick-n-carry cranes had peaked in 2011at 52,500 units. Volume came close to that last year. 
The growth expected in the segment this year will come, said industry executives, despi […]

L&T, Reliance Infrastructure to Bag Mumbai Metro Orders of rs 1,300 Crore

Larsen & Toubro and Reliance Infrastructure are set to bag orders worth Rs 1,300 crore each for Mumbai metro project jobs, people close to development.
The Mumbai Metropolitan Region Development Authority (MMRDA), the nodal agency for the metro projects, opened bids for four packages to be awarded under Line 2B, which con nects DN Nagar to Mandale, and another five packages under Line 4 for the Wadala to Kasarva […]

Bengaluru, Hyderabad Most Active in Office Space

IT hubs such as Bengaluru and Hyderabad remained the most active office markets in India in the second quarter of 2017, despite deferment of supply, subdued business sentiments and recent layoffs by technology companies. 
According to property consultant JLL India, the Karnataka and Telangana capitals accounted for about 47% of the total office space leased among the country’s top seven cities in the Apri […]

Pop-Up House May Solve All Your Real Estate Problems

Rajat Kukreja, the founder of Cuckoo Hostel ¬ a community living and learning space in Bengaluru ¬ has been living in a house that cost just Rs 50,000 to build.
His 100-sqft micro home has amenities including a bed, study table, basic electric connection and appliances.
In the summer, the house remains cool due to the materials used, not to mention the smartly desi […]

Godrej Properties’ Sales Jump Over 3-Fold; Debt Dips

Mumbai-based Godrej Properties Ltd (GPL), the realty arm of the Godrej Group, achieved its best ever quarterly sales in housing segment at Rs 1,472 crore in the quarter ended June. The commercial segment contributed only Rs 2 crore to overall sales bookings, according to its investor presentation. 
In terms of area, the company’s sales booking jumped over three-times to nearly 1.8 million sq ft during the […]

NSR’s Chachondia May Helm Brookfield’s Tower Business in India

Sanjeev Chachondia, operating partner of PE firm New Silk Route and a former CEO of Loop Mobile, is reckoned to have emerged the frontrunner to lead Brookfield Asset Management’s tower business in India. 
Chachondia may soon be named CEO of the Canadian alternative asset management fund’s tower business in India, which to start with will be a special purpose vehicle (SPV) set up for the company&rsqu […]

JSW Steel to Set Up A Slurry Pipeline From Coastal Karnataka to Vijayanagar

JSW Steel Board of Directors has given an approval to set up a Slurry Pipeline to transport iron ore from coastal Karnataka to the Vijayanagar works at an investment of Rs 2,100 crore. 
JSW Steel has been operating its 12 million tonne per annum (mtpa) integrated steel plant at Vijayanagar works in Karnataka. The plant has been set up with substantial investments relying upon consistent supply of iron ore at a […]

Domestic Non-Ferrous Metal Companies Likely to Post Improved Business Returns in Fy18

Domestic non-ferrous metal companies are likely to post improved business returns in FY18 compared to FY17 with current buoyancy in metal sales realisation expected to hold steady during the remaining part of the year, ICRA research has said. Prices strengthened in the last five months of FY17 and fluctuated within a narrow band around the peak levels in Q1 FY18. Consequently, […]

Power Plants seek Coal India’s e-auction Calendar

Power plants holding longterm power purchase agreements with consumers have asked Coal India  for a 12-month e-auction calendar, to help them plan operations better. 
A company with power supply agreements has to supply power when the consumer demands, or they must face penalties. 
But Coal India auctions depend on availability after making contracted suppli […]