Stainless steel wires maker Bansal Wire Industries has reported over twofold rise in consolidated profit after tax (PAT) at Rs 41.6 crore, backed by higher revenues.

Bansal Wire Industries reported a 100% increase in Q3 PAT to Rs 41.6 crore, driven by strong revenue growth. Read about the company's performance, outlook and plans for expansion.

Nippon Steel will launch a $456 million tender offer to make Sanyo Special Steel a wholly owned unit, Japan's biggest steelmaker said on Friday.

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