LT GROUP
JSW Steel crude steel production rises 19 pc to 25.73 lakh tonnes in Oct
JSW Steel reported a 19% increase in crude steel production, reaching 25.73 lakh tonnes in October. The Indian operations contributed the majority of this production, totaling 24.86 lakh tonnes for the month. Additionally, JSW Steel USA-Ohio recorded a modest increase in steel output, totaling 0.87 lakh tonnes.
One giant leap for America? Trump's Moon ambitions put India's space diplomacy to the test
Donald Trump’s push for a permanent American presence on the Moon by 2028 has raised questions over lunar governance, resource ownership and the future of international space cooperation. As the US and China pursue competing lunar programmes, India faces the challenge of protecting its strategic autonomy while advancing its own space ambitions.
A referendum on Trump, election monitors and a Democratic shift: What to watch on Election Day
President Trump's performance will be scrutinized during the upcoming midterm elections as voter turnout surges. Polls suggest that Democrats may gain significant congressional seats based on voter dissatisfaction. Trump's base is expected to show strong turnout, but Democrats appear more motivated to vote. Concerns about potential interference, including the dispatching of federal agents, have also been raised. The results could reshape party dynamics and influence the next presidential cycle.
Manipur govt may declare armed groups involved in civilian violence unlawful: CM Yumnam Khemchand Singh
Manipur Chief Minister Yumnam Khemchand Singh said the state Cabinet may consider declaring armed groups unlawful if their involvement in violence against civilians is established. He directed security agencies to identify groups suspected of involvement in recent violence, submit detailed reports and initiate necessary action under the UAPA.
CRPF chief G P Singh reviews security situation in Manipur with Assam Rifles
G P Singh held an operational review meeting with Lt Gen Vikas Lakhera in Imphal, focusing on security issues. The CRPF reported the disarming of the Sinai camp, previously occupied by Kuki militant groups. This operation followed the killing of three firewood collectors in Imphal East district earlier. There are ongoing concerns about public sentiment opposing the extension of the Suspension of Operations agreement.
Stocks in news: Vedanta, HDFC Bank, ICICI Bank, Axis Bank, HFCL, IREDA, Zen Tech and Oil India
Indian equities turned around as information technology stocks attracted sustained buying interest. Strong quarterly earnings reports enhanced investor confidence in the market, with the Nifty 50 index achieving a closing point of 23,146, representing a 0.65% rise. Prominent companies like HDFC Bank and ICICI Bank shared their quarterly outcomes, showcasing improved asset quality. Investors are anticipated to keep an eye on upcoming corporate announcements which may guide market trends.
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Space-tech’s missing link: The skilled talent powering India’s $100 billion ambition
Space job news: India's space industry is undergoing significant changes, with an increasing presence of private startups contributing to its growth. The government anticipates a boom in the sector, estimating it will reach $100 billion by 2040. However, companies are struggling to find skilled workers with specialized expertise required for various roles. Initiatives to bridge the skills gap include the introduction of SpaceTech courses and enhancing industry-academia collaborations.
Assam Rifles jawan killed in Arunachal ambush, security forces intensify ops to arrest killers
An Assam Rifles Havildar Jankhokai Kuki jawan was killed and four others were wounded after a patrol team came under suspected militant attack along the India-Myanmar border in Arunachal Pradesh's Changlang dristrict. Security forces have intensified operations in the area following the incident. A police officer said no insurgent group has claimed responsibility but said NSCN (K-YA) and ULFA are active in the region.
FSSAI crackdown sparks hiring surge in food safety and compliance
Large food companies and restaurants are expanding their hiring for food safety and compliance roles. This increase is in response to rigorous inspections by regulatory authorities focused on hygiene standards. Companies like PepsiCo and LT Foods are actively seeking qualified personnel to ensure compliance with food safety regulations. Restaurant chains are also implementing internal audits and training programs to enhance food safety practices.
Tee brews: Putting enthusiasts draw up blueprint for an 18-hole golf course in Arunachal
Their bigger objective is to put Arunachal on the international golf map, with golfers from Japan and South Korea flying in to experience a course set amid the state's picturesque Himalayan landscape.
Asian Games chaos: Indian rowers in Japan left without rooms, players wait hours at airport without food while equestrian team had to pay from own pocket to feed horses
Indian rowing and shooting teams encountered significant logistical problems upon arrival. Rowers lacked accommodation and faced delayed equipment, while shooters waited hours for transport. Pistol shooting coach Samaresh Jung's accreditation was initially incorrect, causing concern for his trainees. Equestrian riders must now pay for horse feed due to insufficient government funds. Riders also await reimbursement for prior expenses incurred in Germany.
ISRO takes NASA route, plans to outsource routine rocketry
The proposed shift has triggered concerns within the space agency, with nine employee associations writing to the Department of Space in a letter on September 4, seeking clarity on reports that production of its rockets SSLV, PSLV and LVM3 could eventually move to the private sector, along with routine satellite manufacturing and the operation of new launch infrastructure.
ISRO staff raises concerns over private sector transition in India's space program; seek 'written reply'
ISRO employee groups have formally voiced concerns about the privatization of India's space sector. They seek clarification on the government's policy regarding technology transfer and public sector roles. The employees fear a reduction of ISRO's core functions and impact on career development. They emphasize that launch vehicle development is a strategic capability, not just manufacturing.
Indian space sector booming with private players; India aims for 8-10% global share
Private players are driving significant activity across India's space sector. The nation aims to increase its global space economy share significantly. Several private companies have successfully launched rockets and satellites. Applications in agriculture and disaster management offer global service opportunities. A dedicated Space Act is still needed to address regulatory matters.
Ashoka Buildcon shares rally 10% after securing Rs 602 crore order from RVNL
Ashoka Buildcon shares surged over 10% after the company received a Rs 602.16 crore order from Rail Vikas Nigam Limited for electro-mechanical works across four railway tunnels in Uttarakhand. The 30-month project is expected to strengthen the company’s order book, while the stock’s technical setup also remains in focus.
JSW Steel output falls marginally to 22.81 lakh tonne in October
JSW Steel recorded a slight dip in consolidated steel output, reaching 22.81 lakh tonnes in October compared to 23.12 lakh tonnes the previous year. This minor decrease was primarily attributed to a temporary maintenance halt at its Dolvi plant. Despite this, JSW Steel USA - Ohio observed a production increase, reaching 0.82 lakh tonnes from 0.76 lakh tonnes.
JSW Steel consolidated crude steel output rises marginally to 23.16 LT in August
JSW Steel reported a marginal increase in its consolidated crude steel output for August, reaching 23.16 lakh tonnes, up one per cent from the previous year. The company's Indian operations saw a two per cent rise in production, achieving 22.49 lakh tonnes with a capacity utilisation of 91 per cent.
JSW Steel's crude steel output stays near flat in April
Consolidated output was 21.13 LT in April 2023, JSW Steel said in a filing on Saturday. In India, the company produced 20.55 LT crude steel against 20.33 LT a year ago.
Saudi Arabia's SALIC acquires 9.2% stake in LT Foods
"In addition, SALIC will acquire 1.33 per cent equity stake through a secondary share purchase from the Promoters Group. Post completion of this transaction, SALIC will hold 9.22 per cent equity stake in LT Foods. The Promoters of the company will continue to hold the majority equity stake of 51%," LT Foods said.
Saudi Arabia's SALIC acquires 9.2% stake in LT Foods
"In addition, SALIC will acquire a 1.33 per cent equity stake through a secondary share purchase from the Promoters Group. Post completion of this transaction, SALIC will hold a 9.22 per cent equity stake in LT Foods. The Promoters of the company will continue to hold the majority equity stake of 51%," LT Foods said in a stock exchange filing.
JSW Steel crude steel output grows 14 pc to 15.69 LT in July
Its Chairman and Managing Director Sajjan Jindal has said the company will invest over Rs 48,700 crore over the next three years as part of its capex (capital expenditure) plan, of which Rs 20,000 crore has been earmarked for 2022-23.
JSW Steel crude steel output rises 15% in January
JSW Steel on Friday reported 15 per cent rise in crude steel production at 16.46 lakh tonne for the month of January. The company's crude steel production was at 14.32 lakh tonne (LT) in January 2021, JSW Steel said in a filing to BSE.
LT Foods appoints Amit Mehta as the Head of Convenience and Health Food Business
A release issued by the company said that Mr Mehta is a persuasive and an influential leader with more than two decades of experience in driving growth for consumer centric businesses. He has an enviable track record of spearheading initiatives to achieve strong business results through process and project management approach in different industries.
JSW Steel's crude steel output jumps to 13.71 LT in April
During April, the company's production of flat-rolled products rose about three-fold to 9.57 LT, from 3.44 LT in the same month last year.
Allana Group picks up minority stake in LT Foods
Announcing the acquisition, the group said that both companies have plans to use their synergies and technology transfer to expand LT’s consumer products business to focus on value-added and impulse products.
JSPL posts record sales, production numbers in December
The company's total production from its plants in India was at 7.27 lakh tonne (LT) in December, up from 5.59 LT during the same month in 2019, JSPL said in a statement.
JSW Steel crude steel output grows 8% in August
The company's crude steel production was at 13.37 LT in August 2017, it said in a filing to BSE.
Future Group partners LT Foods
Future Group has partnered LT Group to utilize the integrated food park facilities that are being developed by the retailer's arm Future Ventures.
Vedanta's refined zinc production up 6% to 7.59 lakh tonnes
Vedanta group today reported a 6 per cent growth in its refined zinc production to 7.59 lakh tonnes (LT) in 2011-12.
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