Tata Steel’s capex to remain flat in FY26
Tata Steel’s capital allocation in FY26 is expected to remain flat annually at Rs 15,000 crore, the firm’s management said during an earnings call on Tuesday. In FY25, the steelmaker had spent Rs 15, 671 crore on capital expenditure.

Tata Steel dividend alert: Payout, record date, other 3 key details
Tata Steel is in the spotlight once again. The company has not only rolled out its Q4 performance report but also announced a dividend for its shareholders.

Neelachal Ispat : Tata-owned erstwhile PSU achieves Rs 1,000 crore operational profit in FY25
New Delhi: In a testament to the Central government’s successful privatisation policy, Neelachal Ispat Nigam Limited (NINL)—acquired by Tata Steel from the government for ₹12,100 crore in 2022—has achieved an annual EBITDA or operational profit of around ₹1,000 crore with a margin of 19%, in the March quarter. The company posted a free cash flow exceeding ₹1,000 crore this quarter.

Making Indian steel globally competitive
Despite the US-China trade deal in Geneva, the imposition of 55 per cent duties on Chinese steel exports to the US significantly increases the risk of large-scale steel dumping from China into India. The US duty on Chinese steel was 170 per cent before the deal (25 per cent imposed initially and 145 per cent later). In response, India has swiftly set-up an import-surge monitoring group and has imposed safeguard duties on steel, building upon an already robust framework of protective and prohibitive measures. However, a stark structural gap remains: China’s massive steel capacity of over 1,050 million tonnes (mt) dwarfs India’s 150 mt in 2024, despite both being world’s largest and second largest producers respectively. This imbalance severely restricts India’s long-term ambition of emerging as sustainable and reliable supplier to the world economy.

‘Steel prices to be higher by ₹3000 a tonne in Q1FY26 from Q4FY25’
How do you think the current war-like situation in India-Pakistan border is going to impact Tata Steel and the overall steel sector in the country?

Tata Steel sees no JSW-like issue in Bhushan Steel acquisition
 

Copper futures in a sideways crawl
Copper futures is struggling to find direction. It is currently trading at around ₹856/kg. Barring a temporary dip below ₹835 on April 30 and May 1, the chart shows that copper futures has largely been trading within ₹835 and ₹862 over the last one month.

Titan’s succession planning ensures continuity and evokes confidence
By naming Ajoy Chawla as its next managing director a full seven months before the incumbent, C.K. Venkataraman, is scheduled to retire, Titan has once again shown the way to smooth leadership transition. Chawla will be only the fourth MD of the company in the last 40 years since it was founded, a tribute to its succession planning. For context, Wipro has had that many CEOs in just the last 10 years while Jet Airways, before it shut down in 2019, saw six CEO changes in the previous 14 years.

India notifies WTO of plan to retaliate against US metal tariffs
 

Marginal hike in fuel prices in Kolkata
Kolkata: Petrol and diesel prices witnessed a marginal hike in Kolkata following a readjustment in the basic price of fuel by oil marketing companies, officials said on Tuesday. This revision has pushed the petrol price in the city to ₹105.41 per litre and diesel to ₹92.02 per litre from May 12.

GAIL reports record profits in FY25, recommends Rs 1 final dividend
 

India sees significant decline in coal imports; saves $6.93 billion in foreign exchange
India’s coal imports for the period between April 2024 and February 2025 witnessed a notable decline of 9.2%, totaling 220.3 million tonnes (MT), compared to 242.6 MT during the same period of the previous fiscal year, data from the Ministry of Coal said on Tuesday.

Coal imports in April-February fall 9.2% on higher domestic output
India’s coal import in FY24 stood at 268.24 mt, 7.7 per cent higher than the previous year. The reduction in imports resulted in foreign exchange savings of approximately $6.93 billion (₹53,137.82 crore), the statement noted.