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Tata Steel on Thursday said it has acquired over 191 core equity shares of T Steel Holdings Pte Ltd for USD 300 million (Rs 2,603.16 crore). T Steel Holdings Pte.Ltd (TSHP) is the Singapore-based arm of home-grown steel giant Tata Steel.
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Sonata Software's stock dropped 24% in two weeks due to weak Q3 results, impacted by a key client ramp-down. Analysts expect continued short-term pressure but foresee a turnaround in H2 FY26 as order bookings improve. Client concentration remains a concern.
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Depository firm NSDL is targeting to launch its much awaited Rs 3,000-crore initial public offering (IPO) by next month, a senior official said on Thursday. As a market infrastructure institution (MII), National Securities Depository Ltd (NSDL) also needs other approvals apart from the draft red herring prospectus, the official said, adding that it is this approval which has a looming deadline.
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The demerger seeks to establish five independent, globally scaled companies specializing in aluminium, iron ore, copper, oil and gas, and power generation. This restructuring aims to streamline operations, improve efficiency, and enable Vedantas management to focus on individual business segments. By optimizing asset utilization and capital allocation, the move is expected to enhance overall business performance and growth.
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The second advantage for incumbents, at least in India, is they have a long history of after sales for their existing vehicles and that has to translate to the EV as well.
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