PTI cited Mr Kaushik Basu chief economist of World Bank as saying that global economy will go through a very rough time in the next 2 years and it is time for India to invest in infrastructure and soft sides of development. Mr Basu while ...
Tags: global economy, rough time, infrastructure and soft sides of development
PTI reported that the Department of Steel and Mines in the Odisha government registered collection of mining revenue worth INR 374.76 crore in November. This is lower than the target for the month of INR 382 crore. The sources said that ...
Fighting economic downturn in Europe, TATAs are working to lower costs at its Jaguar Land Rover and steel operations there including a possible sale of any piece of business but the outgoing group chairman Mr Ratan Tata said that "Will try ...
Tags: economic downturn, lower costs, steel operations, slab making activity
PTI reported that the 300 MW thermal power generation unit of GMR Energy Ltd was synchronized with the grid last week. The company said that the GMR group is setting up two units of 300 MW capacity each at its Warora Plant on Chandrapur ...
Tags: PTI, GMR, power generation
. The government has modified the Legal Metrology (Packaged Commodities) Rules 2011, following complaints regarding unfair reduction in the quantity of packaged products from some consumer organisation, PTI said. Expected to come into ...
Tags: Indian government, FMCG
PTI cited a senior government official as saying that the CAG has agreed to restrict its audit of Reliance Industries’ KG-D6 block to financial scrutiny of the spending on the flagging gas fields and a performance audit, if any, would ...
Tags: Reliance Industries, gas, performance audit, India Oil Ministry, India
PTI reported that blue chip Central Public Sector Enterprises like Coal India, Indian Oil Corporation, ONGC and SAIL have not fully utilized their funds allocated for undertaking corporate social responsibility projects in 2011-12. Mr ...
PTI reported that Auto components supplier Continental, which aims to double its revenue from this market by 2016, it will be providing electrical and electronics car body components for Mahindra's electric car Reva NXR, which is expected ...
PTI reported that leading bourse BSE has halved the circuit limit for the Hindustan Copper scrip capping its maximum movement in a day at 10% even as the stock continued its downward trend on the bourses for the third consecutive day. The ...
Tags: BSE, copper scrip, lowers circuit
PTI cited a senior company official as saying that Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, is mulling setting up of a cement plant as part of its plans to dispose byproducts such as slag and fly ash. RINL may also ...
Tags: Rashtriya Ispat Nigam Ltd, cement plant, slag, fly ash
PTI reported that Jindal Steel and Power expects to start supplying coal from its Mozambique cearly next year. Mr Naveen Jindal CMD of JSPL on the sidelines of a function said that “We were scouting for mines in Mozambique five to ...
Tags: Jindal Steel and Power, steel, power, mine
PTI reported that Punj Lloyd Group has bagged a contract worth INR 528 crore in Singapore to construct a new prison headquarter. The company in a statement said that “Punj Lloyd Group said it bagged INR 528 crore worth project from ...
Tags: Punj Lloyd Group, Singapore, prison, prison construction
PTI Adani Group hopes to start production from its USD 10 billion Carmichael project in Australia by 2015 and expects it to reach its peak level of 60 million tonnes a year by 2022. Mr Gautam Adani chairman of Adani Group said that "We ...
Tags: production jobs, mining, coal mine, coal mining news
PTI reported that China’s leading car and sports utility vehicle maker Great Wall Motor Co is planning to enter the Indian market, following the footsteps of compatriot commercial vehicles manufacturer Beiqi Foton Motor Co. Mr ...
Tags: car, utility vehicle, Great Wall Motor, Indian market
PTI reported that India and Japan recently signed a currency swap agreement for up to USD 15 billion to address short term liquidity problems. The bilateral swap arrangement between the Reserve Bank of India and the Bank of Japan enables ...
Tags: swap agreement, Reserve Bank of India, Bank of Japan, PTI