In November 2021, prices of pig iron and steel scrap stood at Rs 44 and Rs 39 per kg, respectively. In March, the rates of the two items have climbed to Rs 68 and Rs 52 a kg. Pic: Reuters The industry ...

The domestic foundry industry is aiming to double its market size to $32 billion and annual production capacity to 21 million tonnes (MT) over the next 5-7 years, industry body IIF said on Friday. The ...

A quarter of UAE banks' total loans are for real estate/construction sector Overexposure to the "highly speculative" real estate sector and highly leveraged companies has eroded asset quality of UAE ...

Russia is extremely likely to default on its external debts and its economy will suffer a double digit contraction this year, after the West launched sanctions unprecedented in their scale and ...