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Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank during the first quarter of 2021, as per&nbsp;the BSE's&nbsp;shareholding data.
The 'Warren Buffett of India' bought 2.88 crore&nbsp;shares of the Bengaluru-based bank during the April-June quarter&nbsp;of 2021.
Rakesh&nbsp;also bought stakes in Steel Authority of India and Indiabulls&nbsp;Housing Finance in the same period of this year.
Retail investors and institutions track Rakesh&nbsp;Jhunjhunwala's&nbsp;portfolio for value picks. Stocks of Canara&nbsp;Bank are up almost 7% in the last one month. Whereas, scrips of SAIL and Indiabulls&nbsp;housing finance are down almost 6% and 20%, respectively, in the same period.

Rakesh Jhunjhunwala buys stake in this PSU bank

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in this PSU&nbsp;bank alongside two more companies. Check out the names here

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank during the first quarter of 2021, as per&nbsp;the BSE's&nbsp;shareholding data.
The 'Warren Buffett of India' bought 2.88 crore&nbsp;shares of the Bengaluru-based bank during the April-June quarter&nbsp;of 2021.
Rakesh&nbsp;also bought stakes in Steel Authority of India and Indiabulls&nbsp;Housing Finance in the same period of this year.
Retail investors and institutions track Rakesh&nbsp;Jhunjhunwala's&nbsp;portfolio for value picks. Stocks of Canara&nbsp;Bank are up almost 7% in the last one month. Whereas, scrips of SAIL and Indiabulls&nbsp;housing finance are down almost 6% and 20%, respectively, in the same period.

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank

Steel Minister refuted the concerns on SAIL raised by West Bengal (WB) Finance&nbsp;Minister&nbsp;Amit Mitra&nbsp;stating that there are&nbsp;there are no plans to terminate any employee of state-owned SAIL or reduce its headcount.
In a letter&nbsp;Union steel minister Dharmendra Pradhan&nbsp;told Mitra&nbsp;that "There is no plan to terminate or reduce employee strength of the company. SAIL, a responsible employer, will continue to take care of its employees. I hope that clarifies the position as regards to your apprehensions".
On Wednesday, Mitra had requested the steel minister to intervene and stop the dismantling of Raw Materials Division (RMD) of&nbsp;Steel Authority of India Limited in Kolkatta.&nbsp;SAIL&rsquo;s raw material division, headquartered in Kolkata, runs 15 mines including iron ore mines, flux mines and coal mines.

West Bengal SAIL units not be undermined: Steel Minister tells Amit Mitra 

Steel Minister writes to Amit&nbsp;Mitra&nbsp;assuring that SAIL employees and business interests will be protected.&nbsp;

<ul>
<li>Steel Minister says SAIL will not reduce headcount&nbsp;</li>
<li>Steel Minister Pradhan&nbsp;writes letter to WB FM Amit&nbsp;Mitra</li>
<li>Pradhan&nbsp;to Mitra: Hope this clarifies position to your apprehensions</li>
<li>Mitra&nbsp;had requested Steel Min to stop any change in plan in SAIL</li>
</ul>

Steel Minister refuted the concerns on SAIL raised by West Bengal (WB) Finance&nbsp;Minister&nbsp;Amit Mitra&nbsp;stating that there are&nbsp;there are no plans to terminate any employee of state-owned SAIL or reduce its headcount.
In a letter&nbsp;Union steel minister Dharmendra Pradhan&nbsp;told Mitra&nbsp;that "There is no plan to terminate or reduce employee strength of the company. SAIL, a responsible employer, will continue to take care of its employees. I hope that clarifies the position as regards to your apprehensions".
On Wednesday, Mitra had requested the steel minister to intervene and stop the dismantling of Raw Materials Division (RMD) of&nbsp;Steel Authority of India Limited in Kolkatta.&nbsp;SAIL&rsquo;s raw material division, headquartered in Kolkata, runs 15 mines including iron ore mines, flux mines and coal mines.

The government has reportedly proposed to slash import duties on steel items to zero or near-zero levels.
A decision had been taken to review duties on steel products and reduce or withdraw them altogether in a bid to help the user industry hit hard by rising price of the metal in the domestic market.
The lower import duties would help maintain supply lines affected by several domestic steel companies reducing steel production to divert medical grade oxygen for Covid-19 relief measures.&nbsp;

Steel import duties may be cut to zero as prices jump 50%

Steel prices are now at multiyear high with no easing in sight, Govt is now looking at waving import duty to ease price pressures on user industries.&nbsp;

The government is set to propose slashing import duties on steel items to near zero levels as per reports.&nbsp;
A decision had been taken to review duties on steel products and reduce or withdraw them altogether in an effort to help the user industry which has been hit hard by rising price of the metal in the domestic market. Domestic hot-rolled coil (HRC) prices rallied to a multi-year high of Rs 56,000 per tonne marking a&nbsp;a jump of over 50 per cent in last 13 months.
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