Naveen Jindal filed nomination for Kurukshetra Lok Sabha seat, declaring Rs 1,000 crore assets. No vehicle ownership. Wife Shallu, Jindal Steel and Power Limited chairman, MBA from University of Texas at Dallas. Gold, jewellery, agriculture land in Dadri. Non-agriculture land, income for 2022-23.
India Business News: Vizag Steel Plant (VSP) CMD Atul Bhatt informed trade unions about the MoU with Jindal Steel and Power Limited (JSPL) for working capital support. Uni
Last week, when broader market indices were correcting sharply, it was metal stocks which were able to keep their head above water. This has happened for the third time in the last two months, that metal stocks have been able to inch upward when other sectors are under strong pressure. Is it an indication that global commodity markets are finally expecting the Chinese economy to recover after a long sluggish phase or it is just another spike which may fizzle out as soon as lower than expected number for China comes.
The connection between China and metal prices is well known. China is one of the biggest consumers of metals. Be it copper, aluminum or steel. As soon as there are indications that China is pushing for growth, metal prices move up. With a recent cut in prime lending rate, it has made its intent clear. Will it bring back good days for metal stocks?
Two-time Member of Parliament (MP) and Chairman of Jindal Steel and Power Limited (JSPL) Naveen Jindal received a threatening letter demanding Rs 50 crore to be delivered in 48 hours or face dire consequences if the money was not paid within stipulated time frame.