PTI reported that Rourkela Steel Plant signed an MoU with Akshaya Patra Foundation for a project to provide mid day meal to about 45,000 school students from Lathikata and Bisra blocks as well as Rourkela Municipality. RSP sources ...
Tags: School Children, Foundation, CEO of RSP's
PTI reported that automaker VE Commercial Vehicles recently a 20.17%fall in its total sales at 4,032 units in December,2012 as against the sales of 5,051 units in the same period of 2011. VECV in a statement said that domestic sales ...
PTI cited Mr SK Goel CMD of IIFCL as saying that India Infrastructure Finance Company Limited has negotiated a second line of credit of USD 1.2 billion from Asian Development Bank for spending in various sectors. Mr Geol said that"We have ...
Tags: IIFCL, government, USD, credit line
PTI reported that Tata Sons has appointed Mr Cyrus P Mistry as its chairman with effect from December 28th following the retirement of Mr Ratan N Tata. TATA Sons in a statement said that “The board of directors of TATA Sons recently ...
Tags: TATA Sons, Cyrus P Mistry, chairman, December
PTI cited a senior official of Steel Ministry as saying that the proposal to set up a steel plant jointly by state owned NMDC and Russia's Severstal has been put in cold storage as both the companies are not willing to lose management ...
Tags: PTI, NDMC, POSCO, JV company, Management Issue, steel maker, Severstal
PTI cited the UK based bank RBS as saying that the Indian economy is likely to grow at 6.3% next year largely due to favorable base effect, while inflation is expected to drop to a comfortable 5.4% level in FY14. RBS Research said that ...
Tags: Indian economy, avorable base effect, inflation, RBS Research
PTI quoted Toyota Kirloskar Motor as saying that top management rejig with Mr Shekar Viswanathan deputy MD(Commercial),being promoted as vice chairman,External Affairs,while its current marketing head Mr Sandeep Singh has been elevated as ...
PTI quoted National Mineral Development Corporation Limited said that despite its willingness to explore iron ore for free of cost in various states, many governments are yet to respond to the call. Mr NK Nanda director (Technical) of ...
Tags: ore exploration proposal, ore, Mineral Development, iron ore resources
PTI reported that Moser Baer Projects has received the final approval from the Central Electricity Authority for its 120 MW Miyar hydro plant in Himachal Pradesh and construction is expected to start in April next year. An integrated ...
Tags: Moser Baer, hydro project, power company, solar
PTI reported that Reliance Industries has shut its seventh well on KG-D6 gas block due to high water and sand ingress as it awaits regulatory nod to carry out urgent work over to plug the problem responsible for drastic fall in output. ...
Tags: PTI, Reliance Industries, gas block, high water, sand ingress
PTI reported that Rashtriya Ispat Nigam,NMDC and MOIL,under the Steel Ministry,are looking to acquire iron ore assets in Brazil,the world's second largest exporter of the steel making raw material. A source said that NMDC had already ...
Tags: Acquire Iron, Brazil, Energy
PTI reported that the country’s largest aluminium maker Vedanta Aluminium is unlikely to start operations at its Lanjigarh unit in the near future as it is yet to secure bauxite supply to run the plant. Mr Mukesh Kumar President ...
Tags: aluminium, Vedanta Aluminium, company news, bauxite supply t
PTI reported that state public sector unit Gujarat Mineral Development Corporation will set up a global centre on mining safety and automation in Gujarat. The centre which is likely to be established on a public private partnership ...
PTI reported that Bhushan Steel Limited said that it will seek shareholders nod to raise up to USD 1 billion through issue of fresh securities. The company said in a filing to the BSE “The directors of the company passed resolutions ...
Tags: USD, circulation, resolution
PTI quoted an Assocham survey saying that the USD 100 billion TATA Group is perceived to be India’s best-known global brand within and outside the country. The survey said that “Ratan TATA occupies the well deserved iconic ...
Tags: TATA Group, global brand, TATA, global conglomerate