Latest Sectors News

The Supreme Court has made a significant ruling in favor of the Goa government's approach to managing iron ore dumps. This decision allows former mining leaseholders to clear their inventory mine dumps without conducting a public auction. The court stressed the critical need for environmental protection in this context, cautioning against dire outcomes. View More

New Delhi: Upholding the Goa government's policy on regulating iron ore dump handing, the SC on Thursday ruled that the state can permit former mining leaseholders to remove and dispose of inventoried mining dumps lying outside their lease areas on private or government lands without conducting a fresh public auction. A bench led by Chief Justice Surya Kant said that environmental protection in these cases is one of the biggest issues. If someone creates any obstruction in the cycle of removal and placement of mineral dumps, it can lead to very serious environmental consequences, it said. "First, an entity has to identify the exact material, what is saleable and what is not saleable, then it has to determine who will undertake the process, segregate the material, evaluate it, invite tenders, deal with challenges to those tenders and settle the conditions. Because of this process, the material will remain dumped there, leading to very serious consequences, therefore, it is also in the public interest that the material is moved from there," the CJI said while refusing to interfere with the Bombay High Court order that upheld Clause 2(2) of the Policy for Regulating Iron Ore Dump Handling in Goa. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

JSW Steel on Thursday said that its consolidated crude steel production increased by 5 per cent to 7.27 million tonnes (MT) in the second quarter of the current financial year. The company's crude steel output was 6.95 MT in the year-ago period. The production at the company's Indian operations rose by 5 per cent year-on-year to 7.07 million tonnes during the second quarter, over the corresponding quarter. In a regulatory filing to BSE, the company said that the capacity utilisation of its Indian operations stood at 88 per cent during the July-September quarter of FY27. It improved to about 90 per cent in September 2026, as Blast Furnace 3 at the Vijayanagar plant gradually ramped up production following its shutdown for capacity upgradation. The company's consolidated production in the first half of the current fiscal year rose by 4 per cent to 13.86 MT, over 13.32 MT in the year-ago period, the filing said. JSW Steel is the flagship business of the diversified, USD 25-billion JS View More

INR vs USD: According to analysts, a weaker rupee is a clear macroeconomic headwind for India because the country remains heavily dependent on imported crude oil and several other commodities. View More

Designed to handle demanding close-quarter operations, the TRAnsverse tugs can operate across a wide range of vessel types and sizes, including in challenging weather and tidal conditions View More

Polycab faces an insolvency petition, while Tata Power, Tata Steel and Airtel announce business updates; MRF gets tax relief, Ola advances its rights issue, and other companies report fundraising, orders, acquisitions, investments, partnerships and strategic moves View More

Stocks to watch today: PC Jeweller continued to deliver a strong performance, concluding Q2FY2027 with a consolidated revenue growth of approximately 28 per cent YoY. View More

Nifty's near-term trend remains positive as an inverted head-and-shoulders pattern points to a possible move towards 23,000-23,080. View More

Production in September comprised 17,678 tonnes from the Continuous Casting Machine and 7,417 tonnes from the newly operationalised Reheating Furnace View More

Metal stocks show mixed Q2 FY27 performance expectations. Coal India and Tata Steel are favored, while Jindal Steel may underperform. EBITDA per tonne for steel companies is projected to decline due to higher costs and lower realizations. Coal India expected to see 22% YoY EBITDA growth. View More

India's steel ministry has decided against new measures to restrict cheap steel imports for now. The country is dealing with increased imports, primarily from China, which have surged significantly. Domestic steelmakers are facing challenges despite existing safeguard duties and high steel prices. Demand has been rising in the automobile and infrastructure sectors after the monsoon season. Yet, the rising imports remain a considerable risk to the margins of steel producers. View More

New Delhi: India's steel ministry is unlikely to push for any new measures to curb cheap imports in the near term, turning down a request from domestic steelmakers, according to a government source with direct knowledge of the matter. India, the world's second-biggest crude steel producer , was a net importer of finished steel in April-August, shipping in 3.5 million metric tons of the alloy, up 29.5% from a year ago. China accounted for 31.8% of imports, making it the top exporter of finished steel to India in the period. Also Read: Backward integration, captive power seen aiding profitability of secondary steel players India launched an anti-dumping probe into hot-rolled steel imports from China, Japan and Russia in June. New Delhi had last December imposed import tariffs, locally known as a safeguard duty, on some grades for three years. Live Events There has been a surge in imports despite the measure. Last week, the federal steel secretary said imports were a challenge. A steel analyst said there was a petition from a steel mill to raise the safeguard duty above 20% from the current 11.5%. Also Read: Domestic steel demand to rise; in talks with the Netherlands government over steel production: Tata Steel CEO But the government source said no hike was planned at present because steel prices were already high. The source spoke on condition of anonymity because the import policy is confidential. India's steel ministry did not respond to a request for comment. In recent weeks, mills have lifted prices on the back of rising prices of coking coal, a key raw material, and a strong demand revival after the monsoon rains. Demand from infrastructure and automobiles has been rising, industry executives said. India's automobile sales rose 31.82% year-on-year in September, driven by strong demand for two-wheelers and passenger vehicles, an auto dealers' body said on Tuesday. Higher imports remain the key risk to Indian steel producers' margins if competitive pressure resurges, Fitch Ratings said in a report on September 1. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)