Tata Steel plans a nearly 50% capacity expansion in India to defend market share and secure raw materials, with most capex expected from internal accruals. This strategic move aims to align new capacities with anticipated demand growth post-FY29, ensuring profitability and maintaining a healthy balance sheet.
RBI likely to keep status quo on policy rate as threats loom
A majority of economists polled by ET predict the Reserve Bank of India will hold its policy rate steady at the upcoming June meeting. This