GAIL has outbid an ONGC-Indian Oil consortium and the Kolkata-based MCPI, the two other bidders.

ET had first reported on May 27 that Reliance Industries, HPCL-Mittal Energy, Jindal Poly Films, Gail, Jindal Power, MCPI Ltd, and a consortium of ONGC and Indian Oil have submitted expressions of interest (EoI) for JBF Petrochemicals.

ArcelorMittal, itself created though one of steel industries biggest ever takeovers, has been a compulsive dealmaker under the leadership of billionaire Executive Chairman Lakshmi Mittal. In the past few years, it's swooped to buy plants from the US to India and Italy.

A board meeting of Sungold Media and Entertainment will take place today to consider the preferential issue of shares and the board of Bengal Steel Industries will meet to consider the voluntary delisting of shares.

“On the consumer side, credit card spends have never been so good. The credit card spends continue though the revolving rates are very low right now and in the SME and the MSME side, there is enough demand to cater to the market. Large corporates are showing green shoots specifically in the cement and steel industries. The public capex cycle will lead to the private capex cycle,” says Sumant Kathpali

“JSW Steel recently commissioned a 5 million tonne capacity expansion at Dolvi; another 5 million tonne is under implementation and will get commissioned in the next financial year. These projects will continue and whatever is going on right now will be implemented. We will take a call on future plans based on how it unfolds.”

"Despite pandemic, it was notable to witness an increase in export of Nepal to India in the last FY 2020/21 by 50 percent and Indias export to Nepal worth INR 6 Trillion, elicited by 32% compared to previous year," says Sunil KC