Month: March 2020

JSW Steel to cut down production in the wake of Covid -19 outbreak – ET Auto

on March 26, 2020

The statement from JSW Steel also said it had been taking various precautionary it measures to ensure the safety and health of the employees and their families KOLKATA: JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in [...]

India’s crude steel output grows 1.5% to 9.56 million tonnes in February: Worldsteel – ET Auto

by admin

on March 25, 2020

Global crude steel production for the 64 countries reporting to the association was 143.29 MT in February 2020, a rise of 5.4 per cent, compared to 154.46 MT in May 2018, it said. New Delhi: India's crude steel output increased by 1.5 per cent to 9.56 million tonnes (MT) in February this year, [...]

ZF, Wabco likely to close merger deal in Q2 2020 – ET Auto

by admin

on March 25, 2020

Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per share in an all-cash transaction for an equity value of over $7 billion (about Rs 49,700 crore). New Delhi: Wabco India in a regulatory filling announced that Wabco Holdings Inc. and ZF Friedrichshafen AG have [...]

Coronavirus Impact: Schaeffler suspends guidance for 2020 – ET Auto

by admin

on March 25, 2020

As per the release, the measures designed to adjust capacities in Germany and Europe, particularly in the automotive sector due to the decline in demand is being implemented as agreed. New Delhi: The borad of management of the Germany based component maker, Schaeffler AG on Tuesday suspended [...]