JSW Steel's consolidated crude steel production in April remained nearly constant at 21.21 lakh tonnes (LT). JSW Steel reported a consolidated output of 21.13 LT in April 2023. In India, the company produced 20.55 LT of crude steel, compared to 20.33 LT the previous year. JSW Steel USA - Ohio produced 0.66 LT in April, down from 0.80 LT the previous year.
Open FlipAccording to sources, the insurance regulator IRDAI has approved the Hinduja Group's acquisition of Reliance Capital's life, general, and health insurance businesses on the condition that it does not pledge shares in the companies. The Hinduja Group has still to get approval from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI) for the transaction to be completed.
Open FlipHaving achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring the lender’s optimism around a sector that contributes nearly 30% to the gross domestic product (GDP) and is a significant job creator.
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