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UltraTech Board Approves 32.72% Stake Purchase in India Cements
Port delays and red tape strain India’s 10,000 steel user units
Over 10,000 steel user units in India are grappling with operational and financial difficulties due to significant port delays and complicated regulatory hurdles, according to the Global Trade Research Initiative (GTRI). These challenges have started to take a toll on the production and export capabilities of several industries reliant on imported steel. GTRI has called on the Indian government to streamline import processes and digitize systems to provide much-needed relief to the sector. The think tank highlighted that policies aimed at protecting domestic steelmakers, such as import restri..
Steelmakers Urge Government to Impose Temporary Tax to Curb Cheap Imports
India’s steelmakers have appealed to the government to urgently impose a temporary tax on cheap steel imports from China, Japan, and South Korea. The Indian Steel Association (ISA) has raised concerns about the rising influx of steel at predatory prices, which is severely affecting the domestic steel industry. The ISA, representing major steel producers like JSW Steel, Tata Steel, and Steel Authority of India, made this plea in a presentation to the Directorate General of Trade Remedies (DGTR), a division of the federal trade ministry. According to the ISA, steel mills in India are experienc..
Pimpri Chinchwad Municipal Corporation plans green bond fundraising
The Pimpri Chinchwad Municipal Corporation (PCMC), responsible for managing the development of the city on the northwestern edge of Pune, is exploring the issuance of Green Bonds to raise approximately Rs 200 crore for urban development projects. This initiative is part of the city’s broader efforts to promote sustainable growth while upgrading its infrastructure. The corporation has engaged Palladium, a global development consulting firm, as the technical consultant for the Green Bond fundraising process. The funds raised through the Green Bonds will be directed toward the development of k..
