Steel authority eyes debt sale
New Delhi - Arabstoday
Steel Authority of India Ltd., the nation's second-biggest producer, will raise Rs60 billion (Dh3.85 billion) through debt this fiscal year as earnings and cash reserves decline, said a person familiar with plan.The funds will be raised through bank loans and bond sales in the year ending March 31 and mark a 62 percent increase in borrowings over the previous year, said the person, declining to be identified as he isn't authorized to speak to the media. Debt as on March 31 was 163.2 billion rupees. State-run Steel Authority is investing $13 billion as part of its upgradation strategy.from gulfnews.com
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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