Corporate

Source says NMDC ups prices of iron ore pdts by 200 rupees/tn for Aug

Friday, Jul 31, 2020 By Narayana Krishna HYDERABAD - NMDC Ltd has raised the price of its iron ore products by 200 rupees per tn for August supplies, a source told Cogencis. The internal panel on pricing for the public sector major decided on Thursday to raise prices of both lumps and fines...

Vedanta raises prices of aluminium ingots by up to 2% from Thu

Friday, Jul 31, 2020 By Nikita Periwal MUMBAI – Vedanta Ltd has raised prices of aluminium ingots by up to 2% with effect from Thursday, trade sources told Cogencis. This follows the price hike taken last week.   Companies generally link prices of their products to the three-month futures of aluminium on the London Metal...

GAIL estimates 21% rise in cost for new unit at Pata petchem complex

Monday, Jul 27, 2020 --Source: Polypropylene unit at GAIL Pata plant may cost 9.1 bln rupee--GAIL earlier saw polypropylene unit cost at 7.5 bln rupee--Polypropylene unit cost up on addition of storage units By Sukalp Sharma NEW DELHI - GAIL (India) Ltd has raised by over 20% to 9.10 bln rupees the estimated cost...

Hindalco ups prices of aluminium products by more than 1% from Fri

Monday, Jul 27, 2020 By Nikita Periwal MUMBAI – Hindalco Industries Ltd has raised the prices of its aluminium ingots, billets and wire rods by more than 1% with effect from Friday. This price hike comes after a cut in prices in the week before.  Companies generally link the prices of their products to...

Vedanta ups prices of aluminium ingots by more than 1% from Fri

Monday, Jul 27, 2020 By Nikita Periwal MUMBAI – Vedanta Ltd has raised the prices of aluminium ingots by more than 1% with effect from Friday, trade sources told Cogencis. This follows a price cut in the week prior to this.  Companies generally link prices of their products to the three-month futures of aluminium...

NALCO ups prices of aluminium ingots by 2% from Fri

Monday, Jul 27, 2020 By Nikita Periwal MUMBAI – National Aluminium Co Ltd has raised the prices of its aluminium ingots by around 2% with effect from Friday, trade sources told Cogencis. This follows a price cut the week before. Hindalco Industries Ltd and Vedanta Ltd also raised the prices of their products by 1-2%...

IBA, bank staff unions agree on 15% pay hike, work-linked incentives

Thursday, Jul 23, 2020 --IBA inks MoU on wage settlement with bank unions --IBA: Wage settlement to raise pay slip component for bankers by 15% --IBA: Performance-linked incentive to start for PSU bank staff FY21  MUMBAI - Indian Banks Association inked the long-pending wage settlement pact with employee unions on Wednesday, agreeing to increase...

AbbVie sues Dr Reddy's in US over cancer drug Venclexta patent

Thursday, Jul 23, 2020 HYDERABAD - AbbVie Inc and its partner Genentech Inc have filed a case in the US District Court for the District of Delaware against Dr Reddy's Laboratories Ltd, alleging that the Hyderabad-based drug maker has infringed on the patent of cancer drug Venclexta, according to a legal...

Bk of Maharashtra PAT up 25% as provisions fall on lower NPA ratios

Thursday, Jul 23, 2020 MUMBAI – Steady improvement in asset quality ratios and lower provision requirements despite making COVID-19 provisions enabled Bank of Maharashtra to report a 24.6% rise in Apr-Jun net profit to 1.01 bln rupees.  The rise was even higher on a sequential basis, at 75.5%. Speaking to the media, A.S Rajeev, managing...

Vedanta to invest around 6 bln rupees to develop oil block in Assam

Tuesday, Jul 21, 2020 --Source: Vedanta plans to drill 24 wells in oil block in Assam By Sukalp Sharma NEW DELHI - Vedanta Ltd plans to invest around 6 bln rupees in an exploration and production project in onshore block AA-ONHP-2017/14, primarily located in Karimganj, Hailakandi, and Cachar districts of Assam, sources with direct...


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