Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
Micron will soon buy Elpida for 200bn yen (about $2.5bn), of which 140bn yen will be used to pay off debts, says DRAMeXchange. As the Japanese memory maker currently owes 420bn yen, lenders will have to write off approximately 70% of the ...
Bhuwalka Steel Industries Ltd has informed BSE that the Company’s application for restructuring of its bank borrowings under Corporate Debt Restructuring with CDR Cell and bank lenders viz, Canara Bank and IDBI Bank Ltd, has been ...
Tags: Bhuwalka Steel, Steel, BSE, Board meeting
GT Advanced Technologies Inc of Merrimack, NH, USA (a provider of polysilicon production technology as well as sapphire and silicon crystalline growth systems and materials for the solar, LED and electronics markets) has acquired certain ...
Tags: GT, Twin Creeks, sapphire furnace, polysilicon
Experian has announced an international partnership with iovation, the Device Reputation Authority, to further enhance Experian's global fraud prevention capabilities. Iovation's advanced device recognition software, dynamic referencing and ...
Tags: Experian, iovation, fraud prevention, software
CastleLine has launched a new certified Mortgage Loan insurance product and appointed Altisource Portfolio Solutions (ASPS) Fulfillment Operations (AFO) division as the exclusive provider of mortgage fulfillment services. AFO president ...
Once a high-flying web property, Digg was sold Thursday for a paltry $500,000. The sale to Betaworks, maker of an iOS news aggregator app and an URL clipper, Bit.ly, was a fraction of the $45 million lavished on the venture by Silicon ...
Tags: web property, Digg, iOS, aggregator app, URL clipper
Business Line reported that Visa Steel Ltd will close the INR 368 crore transaction with SunCoke Energy Inc for 49% stake in Visa Coke Ltd, its wholly owned subsidiary by January end. Mr Vishal Agarwal CMD of Visa Steel said that the deal ...
Tags: Business Line, Visa Steel, SunCoke Energy, wholly owned subsidiary
Mr Jyotiraditya Scindia minister of State (Independent Charge) for Power said that Cabinet Committee on Economic Affairs has approved the setting up of National Electricity Fund to provide interest subsidy aggregating to INR 8466 crores on ...
Tags: Electricity Fund, loan, Service
Plug&Score, a business division of Scorto Corporation, is announcing the release of the updated version of the Plug&Score credit scoring and risk management solutions. The Plug&Score solutions family consists of scorecard development ...
Tags: risk management, Plug and Score, credit scoring, software
The US hedge fund Strategic Value Partners(SVP)has submitted a take-over bid for the film producer Kl ckner Pentaplast(KP),the Financial Times has reported.Bank representatives feel that it is likely that the present owner,Blackstone,and ...
Tags: SVP, Stake in Kl Ckner Pentaplast, Kl ckner pentaplast
PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks
Reuters reported that Rosneft is talking to oil majors and traders, including Shell, Total and Glencore, to raise up to USD 10 billion using future oil exports as collateral to complete its purchase of TNK-BP and become the world's biggest ...
Tags: oil majors and traders, future oil exports, oil producer, trade finance
Philadelphia-based mortgage insurer Radian and Lender Processing Services (LPS) have completed an interface to offer mortgage insurance (MI) in Loan Origination and Ordering Process. Radian chief franchise officer Brien McMahon said, ...
Tags: Radian, Mortgage Insurance, PCLender
Radian Guaranty, a mortgage insurance firm, will provide Mortgage Insurance (MI) on loans within the Mortgage Harmony's HamonyLoan platform aimed to assist homeowners refinance quickly and easily. Capable of applying to fixed-rate or ...
Tags: Radian Guaranty, Mortgage Insurance, HamonyLoan platform