Business Line reported that disinvestment of government’s shares in Steel Authority of India Ltd may take place in February. However, there is still no clarity on sell off of another steel company, Rashtriya Ispat Nigam Ltd. A ...
Tags: Business Line, Steel Authority of India, steel market, steel industry
Business Line reported that India Infrastructure Finance Company Ltd awaits final nod to launch the credit enhancement scheme next month. It is also seeking a bigger role in lending to the country's renewable energy sector. Mr Harsh Kumar ...
Tags: Renewable Energy, Investment Fund, Infrastructure, Finance Company
Business Line cited the Steel Ministry saying that NMDC would review its pricing mechanism. This is the fallout of the CAG report tabled on December 20th Thursday, the public sector iron ore miner has incurred losses of more than INR 1,500 ...
Tags: NMDC, pricing mechanism, CAG, iron ore miner
Business Line reported that Reliance Industries, which acquired BP Plc’s Malaysian petrochemical oil and gas processing plant in Kuantan for USD 230 million in September, is bullish about its prospects in the South East Asian nation. ...
Tags: Reliance Industries, BP Plc, Malaysian, oil, gas
Business Line reported that the Renault Duster and the KTM Duke 200 have been selected as the Indian Car of the Year 2013 and the Indian Motorcycle of the Year 2013, respectively. Mr Raghupati Singhania CMD of JK Tyre and Industries, gave ...
Tags: Renault Duster, KTM Duke, Indian Car, Indian Motorcycle
Business Line reported that TATA Motors has launched the new Aria Pure LX, a new variant with a bouquet of features, at INR 9.95 lakh ex-showroom in Hyderabad. Mr Ranjit Yadav, President, Passenger Car Business Unit, TATA Motors, in a ...
Tags: TATA Motors, new variant, Car Business, SUV, automoblie
Business Line reported that National Aluminium Co Ltd has terminated the services of its CMD, Mr Abhay Kumar Srivastava, who was under suspension. This paves the way for the appointment of a new CMD for the company. The Union Ministry of ...
Tags: Aluminium, Mines, terminated the services, CMD
Kolkata-headquartered, container glass-maker, Hindusthan National Glass and Industries Ltd (HNG), expects its margins to be subdued for the next four-to-six quarters. For the latest quarter ended June 30, HNG's operating margin — ...
Tags: Kolkata, HNG, container glass-maker, glass
Business Line reported that Andhra Pradesh chief minister Mr N Kiran Kumar Reddy gave an assurance to the Mr AP Chowdhary CMD of the Rashtriya Ispat Nigam Ltd that the state government is favorably inclined to the petition of the company ...
Tags: power supply, RINL, iron ore mines
Lextar, a LED subsidiary of AU Optronics (AUO), has announced its merger with Wellypower, another AUO subsidiary. Lextar noted that demand for high-power chip-on-board (COB) products has been growing, hence 2012 COB packaging product ...
Tags: LED backlight, LED lighting
Business Line reported that Reliance Group has signed an MoU with China based Wanda Group for a strategic long term partnership covering areas of mutual interest such as real estate and multiplexes. Reliance Group said that the Wanda ...
Tags: real estate developer, Reliance Group, Chinese Wanda, Township Projects
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
Business Line reported that stressed cash flow has forced Shipping Corporation of India to go slow on its vessel acquisition plan. Mr S Hajara CMD of SCI said that SCI was not aggressively perusing its proposed new acquisitions. The asset ...
Business Line reported that Power Finance Corporation Ltd has disbursed INR 7,400 crore of transitional loan to 5 financially ailing State Electricity Distribution Utilities. They include Punjab, Haryana, Uttar Pradesh, Rajasthan and ...
Tags: PFC, Power Finance Corporation, Electricity Distribution, Electricity
Business Line reported that IVRCL Ltd and its JV partner Unity have drilled a record 57.38 meter of tunnel in a cycle of 24 hours. This record was achieved on a Raw Water Tunnel project being executed for the Municipal Corporation of ...
Tags: Tunnel Boring Work, Tunnel Boring, IVRCL, tunnel