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Stock markets trade in green: Sensex rises 400 points, Nifty stays at one-month high in opening session; HDFC bank jumps 5.2%
Fp Staff •The Sensex surged over 400 points in opening trade on Monday led by gains in index heavyweights HDFC twins and Infosys amid positive cues from global markets.
Coronavirus impact: Steel demand to contract to 7.7% in 2020; hit by slowdowns in construction, auto, rail sectors
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Coronavirus pandemic may take a toll on domestic steel players' expansion plans, say experts
•The outbreak and spread of the COVID-19 pandemic may adversely impact the expansion plans of domestic steelmakers, according to experts
Coronavirus Outbreak: JSW Steel says preparing to recommence operations once lockdown is over
•As the 21-day lockdown period is nearing end, private steel maker JSW Steel has started preparing to scale up its production
Coronavirus Outbreak: SAIL facing order cancellations, re-scheduling due to lockdown; JSW Steel suspends manufacturing operations
•SAIL faced a marginal hit to production and some of its inventory was piled up at ports, the source said, declining to be identified due to the sensitive nature of operations.
Sensex tanks over 450 points, Nifty below 12,000-mark; coronavirus spread beyond China renews concerns over global growth
Fp Staff •Tata Steel was the top loser in the Sensex pack, cracking over 4 per cent, followed by HDFC, ITC, ICICI Bank, Maruti, Hero MotoCorp, NTPC and PowerGrid.
NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
•A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.
JSW Group firm Forma shuts operations within one year of launch; 'business not viable': Report
•Forma hoped to become one of the top five readymade furniture brands in India
Karvy case gets murkier, who benefited the most from India's economic growth; all this and more on Moneycontrol Pro
Moneycontrol •The Karvy case is becoming messier by the day and threatens to take down an important segment of the market—loans against shares (LAS)— albeit for the short term.
NCLAT directs Enforcement Directorate to file final affidavit in Bhushan Power & Steel assets attachment matter
•Earlier, on 25 October, the NCLAT had asked both organisations, which are presently headed by Sitharaman, to settle the matter adding that there was no question of amendment of laws.