Wed, Feb 28, 2024 4:35 PM
Sri Lanka's Elephant House ties up with Reliance Consumer!
A Flip by Riya Sharma
ICICI Securities expects domestic steel consumption to grow 2x to 210 mt (FY23 baseline) by FY32E. Among steel companies, it expects JSW Steel and Tata Steel to reach 50 mtpa and 40 mtpa of domestic capacity, each by FY30E. It also estimates SAIL to reach 31 mtpa by FY31E. Additionally, after 30 years, China’s role in world steel consumption is expected to diminish.
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Aarti Pharmalabs shares gained nearly 12% on Tuesday, May 14, after the company reported over a 52% growth in net profit for the March quarter. The company also announced a dividend payout for eligible shareholders after market hours on Monday. The pharmaceutical company’s shares rallied over 12% to hit an intra-day high of ₹591.60 per share.
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On 4 May, Tesla Inc sued Tesla Power India Pvt Ltd, accusing the Gurugram firm of infringing on its trademark and misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries. Tesla Inc alleged that customers were buying batteries from Tesla Power assuming it was affiliated with the US firm, leading to confusion and potential damage to Tesla Inc's reputation.
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