Care Ratings: India’s steel production growth by 141.7% in April 2021
This translates into a 20.6% m-o-m fall. Steel production in April 2021 was the lowest since June 2020. Similarly, production of finished steel also reduced to 7 mt in April 2021 from 9.1 mt a month earlier. Consumption too fell by 25.7% m-o-m. The rising Coronavirus cases across the country, labour exodus and the diversion of liquid oxygen to hospitals for covid patients have impacted steel production during the month.
Integrated steel producers have their own captive oxygen plants for steelmaking. The rising coronavirus cases in the country and the shortage of oxygen cylinders has necessitated some industries including steel and oil to divert liquid oxygen to the hospitals for covid patients. Steel mills producing steel through Blast Furnace/Basic Oxygen Furnace route are giving priority to supplying liquid oxygen for medical aid. As per the Ministry of Steel, both public and private sector steel plants have ramped up daily production capacities, including through diverting liquid nitrogen and argon production capacity towards production of additional quantities of Liquid Medical Oxygen (LMO).
Mahindra Lifespaces Unveils ‘Home of Positive Energy’
Mahindra Lifespaces has introduced ‘Home of Positive Energy’, a brand philosophy aimed at enhancing well-being through thoughtful design, natural light, and green spaces. The launch includes a digital video campaign (DVC) and a Mobile Experience Centre—a first-of-its-kind traveling showcase across Mumbai.CMO Abhimanyu Mathur stated, “Every Mahindra home is designed as a sanctuary that nurtures aspirations and daily life.” The campaign, developed with The Womb, emphasizes differentiation beyond location and amenities, making well-being central to Mahindra Lifespaces’ identity.With t..
Mumbai Registers 11,541 Property Deals in February 2025
According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4 per cent Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR).Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs 8.96 billion (bn), which is almost identical to the Rs. 8.85 bn collected in February 2024. On a month-on-month comparis..
Godrej Expands Smart Security Portfolio
Godrej Security Solutions has launched a new range of premium home lockers, blending sophisticated design with advanced security. The company aims for 20% growth in FY26 and a 70% market share in the home locker segment.The new lineup—NX Pro Slide, NX Pro Luxe, Rhino Regal, and NX Seal—features dual-mode access (digital & biometric), intelligent alarms, and space-efficient interiors. Additionally, the Defender Aurum Pro Royal Class E safe meets the BIS-certified QCO mandate for jewellers, while the AccuGold iEDX Series supports precise, non-destructive gold testing.Godrej is expanding ..
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