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Hyundai Steel temporarily shuts down rebar plant on low demand

Apr 1, 2025

Seoul, April 1 (IANS) Hyundai Steel, South Korea's second-biggest steelmaker, said on Tuesday it has temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to low demand.The rebar plant in Incheon, just west of Seoul, will be suspended for the entire month of April, a company spokesperson said, adding the other…

Renault Group to buy Nissan’s 51 pc stake in India JV unit

Mar 31, 2025

New Delhi, March 31 (IANS) French carmaker Renault Group announced on Monday that it would acquire the remaining 51 per cent stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp, to become the…

Business

Indian specialty chemicals sector’s 7–8 pc revenue growth in FY26 to be volume-driven

Mar 31, 2025

New Delhi, March 31 (IANS) The Indian specialty chemicals sector’s 7-8 per cent revenue growth next fiscal (FY26) will be largely volume-driven with realisations under pressure, according to a Crisil report.Trade-related uncertainties…

Business

Stock short selling at over $1.16 bn on 1st day of resumption in S. Korea

Mar 31, 2025

Seoul, March 31 (IANS) The short selling of South Korean stocks was tallied at over 1.7 trillion won ($1.16 billion) on the first day of the resumption of the trading scheme, data showed on Monday.The country imposed a temporary ban on…

Business

Hanwha Group chief transfers half of his stake to 3 sons

Mar 31, 2025

Seoul, March 31 (IANS) Hanwha Group Chairman Kim Seung-youn has transferred half of his stake in the group's holding company, Hanwha Corp., to his three sons, the company said on Monday, effectively completing the group's leadership…

Business

Gold prices hit fresh high as retail investors push demand amid global uncertainties

Mar 31, 2025

Mumbai, March 31 (IANS) As the US reciprocal tariff deadline looms, gold prices on Monday hit a record high of $3,106 per ounce for the first time, with people rushing towards accumulating the safe-haven asset amid global uncertainties.The…

Business

India’s sugar production rises to 247.61 lakh tons in current season

Mar 31, 2025

New Delhi, March 31 (IANS) Sugar production, till March 31, 2025 in the current 2024-25 season, reached 247.61 lakh tons, with 95 factories operating currently across the country, according to data released by the Indian Sugar and…

Business

Early April critical for investors’ sentiment amid key economic data: Report

Mar 31, 2025

New Delhi, March 31 (IANS) Early April will be critical for market sentiment, with key economic data releases providing insights into global manufacturing, employment trends and economic activity, a report showed on Monday.As April begins,…

Business

Women’s share in digital transactions doubled from 14 pc to 28 pc in last 7 years

Mar 31, 2025

New Delhi, March 31 (IANS) The digital payment landscape in India has witnessed a significant transformation, with women rapidly closing the gap with their male counterparts in recent years, according to a Crisil report.Between financial…

Business

FM Sitharaman to launch States Economic Forum portal

Mar 31, 2025

New Delhi, March 31 (IANS) Finance Minister Nirmala Sitharaman will launch the 'NITI NCAER States Economic Forum' portal on Tuesday.The portal, developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research…

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