The editor 1514 posts 0 comments

…

The transaction is part of ArcelorMittal’s commitment to unlock up to USD 2 billion of value from its asset portfolio by mid-year 2021, the statement said.Global steel giant ArcelorMittal will sell a 50 per cent stake in its shipping arm…

During February and December 2019, the repo rate was brought down by 135 basis points from 6.5% to 5.15%.Inadequate credit flow from commercial banks and non-banking financial companies (NBFCs) to industry has frequently been cited as a…

Besides, single-commodity indices have been launched in four commodities — gold, silver, copper and crude oil.Leading commodity bourse MCX on Monday launched a new index series, MCX iCOMDEXTM, on commodity futures. A commodity index is…

…

As per the guidelines, the transfer of funds under P2P lending happens through an escrow account mechanism, which is operated by a bank promoted trustee.To protect consumers interest, the Reserve Bank on Monday said that on a…

RBI governor Shaktikanta DasIt will take a few more quarters to see if signs of growth revival visible now are sustainable, Reserve Bank of India (RBI) governor Shaktikanta Das tells Shritama Bose and Malini Bhupta . The central bank is…

At the NSE, it gained 4.97 per cent to Rs 24.30, its highest trading permissible limit for the day.Shares of Reliance Infrastructureon Monday climbed 5 per cent after the company said it has won an arbitration award of Rs 1,250 crore…

…

India’s steel demand has likely been flat/down YTD. Steel prices fell below the anti-dumping floor briefly in Oct19.Expecting global steel prices to rise on greater likelihood of China easing and potential demand upside in ROW and India,…