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Ashok Leyland's Total Sales in December Declined 19% YoY to 7,299 Units Amid

Jan 5, 2013

Commercial vehicle maker Ashok Leyland's total sales in December declined 19%YoY to 7,299 units amid continued sluggish demand for medium and heavy trucks. Sales of its small truck Dost accelerated 88%to 2,069 units,last ...

Tags: Ashok Leyland, Sales, Commercial vehicle

Global Stock Markets Surged Almost 2.0%

Jan 5, 2013

Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...

Tags: Saudi Market, Rallies, Fiscal Deal

Rourkela Steel Plant Signed an MoU with Akshaya Patra Foundation

Jan 5, 2013

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

Silver Lake Resources Has a New Substantial Shareholder in The Blackrock Group

Jan 5, 2013

Silver Lake Resources has a new substantial shareholder in the Blackrock Group,which holds 11.47 million shares or a 5.01%interest in the company. Blackrock had acquired 8.9 million of its shares for about USD 39.7 million between ...

Tags: Crafts, Blackrock, Substantial Shareh

The Industrial Profits of Enterprises Above Designated Size Achieved 4,662.5 Billion Yuan

Dec 31, 2012

From January to November, the industrial profits of enterprises above designated size achieved 4,662.5 billion yuan, a year-on-year increase of 3.0 percent. In November, the industrial profits of enterprises above designated size achieved ...

Tags: industrial profits, industrial enterprise, economy, business

Uttam Galva Group Would Turn Around The Fortunes of The Acquired Company

Dec 29, 2012

Economic Times reported that Uttam Galva group,which recently acquired majority stake in the ailing Lloyds Steel,would turn around the fortunes of the acquired company and planned to double its operating profit in about a year. Mr ...

Tags: Lloyds Steel, Economic

CITI Has Ended Rival UBS's 11-Year Streak at The Top of The Stockbroking Heap

Dec 29, 2012

CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...

Tags: CITI, an imminent uptick, stockbroking heap

Essar Foundation Will Provide Medical Aid to Over 10,000 Heads of Cattle

Dec 28, 2012

Business Line reported that Essar Foundation will provide medical aid to over 10,000 heads of cattle through vaccination camps and public awareness programs in 10 villages surrounding the Vadinar refinery in Jamnagar district of Gujarat. ...

Tags: Essar Foundation, Agriculture, financial loss

$125mn Loss Is Planning to Punjab Textile Sector From Energy Crisis

Dec 28, 2012

APTMA spokesman has said that textile industry in Punjab has incurred production loss of $125 million since disconnection of electricity and gas supply over the last five days. The textile industry in Punjab is losing $25 million a day ...

Tags: APTMA, textile industry, spokesman, energy

Money Managers Boosted Net Length in NYMEX Crude for The Reporting Week Ending December 18

Dec 28, 2012

Money managers boosted net length in NYMEX crude for the reporting week ending December 18, as front-month crude futures received a slight boost. The increase in net length came as money managers increased longs by 3,457 lots, while ...

Tags: NYMEX, crude futures, net length, economy

SteelGuru Plans to Help Them Remain Updated with Various CAPEX Projects

Dec 28, 2012

SteelGuru, the leading website for steel, metal and mining industry with 150,000 page views per day and 75,000 plus registered users for its E mail based news letter Steel Trade Today, has added yet another value added service for its ...

Tags: metal industry, mining industry, Steel Trade, Steel

Hyundai Rotem Company Has Clinched a USD 353 Million Order to Supply Railcars to Egypt

Dec 28, 2012

Yonhap reported that Hyundai Rotem Company, a South Korean tank and train maker, has clinched a USD 353 million order to supply railcars to Egypt. Hyundai Rotem said that the order was placed by the National Authority for Tunnels, ...

Tags: Hyundai Rotem Company, tank, train, railcars, Egypt

CIS Steel Export Prices Are in Mixed Dynamics

Dec 28, 2012

As per the latest information from Black sea CIS steel export prices are in mixed dynamics. Billet price is rather stable with the market around USD 515 per tonne FOB Black Sea. Despite minor fluctuations, raised by particular deals and ...

Tags: CIS steel, steel, CIS steel export, Billet price

Mr Barnett Signalled a Shift in The Government's Thinking

Dec 28, 2012

Premier Colin Barnett has told Rio Tinto and Alcoa that they're dreaming about developing a massive bauxite deposit in the remote Kimberley and flagged the possible return of the resource to taxpayers. The global giants want a two to ...

Tags: Rio Tinto, Alcoa, bauxite deposit, Kimberley, resource

Fire Happened in The Night From Sunday to Monday in Aperam's Plant at Gueugnon

Dec 27, 2012

French media reported that a case of fire happened in the night from Sunday to Monday in Aperam's plant at Gueugnon in central France The fire, which broke out around 22:15 ravaged 4.000 m2 of a building of 12,000 m2 housing tanks ...

Tags: Metallurgy, Mineral

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