Indian state-run steelmaking and mining company Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, has announced that it has registered a 15 percent growth in sinter production in December, reaching 528,000 mt, the ...
Tags: RINL, India, Vizag Steel, December
PTI quoted Kalpataru Power Transmission Ltd saying that it has secured new orders worth over INR 955 crore,including overseas projects. Kalpataru Power said that the company,which is into the engineering,procurement and construction ...
Tags: Kalpataru Power Bags, Inr 955 Crore, PTI
Economic Times reported that the government has rejected a proposal by autos to software conglomerate Mahindra&Mahindra Ltd to set up a JV with Israel's Rafael Advanced Defense Systems Ltd. According to media reports,the companies were to ...
Tags: M and M Proposal for Inr 100 Crore Defense Jv with Rafa
PTI reported that Natural gas pipe laying work of GAIL Ltd,hindered due to resistance from local people demanding more compensation for the land through which the pipe was passing,is all set to resume with the state run gas utility agreeing ...
Business Line reported that Mahindra First Choice,the retailer of used cars,is to have some 500 outlets in the country by the end of 2015.The company is also planning to establish 10 outlets in J&K over the next 18 months.Mahindra First ...
Tags: M and M First Choice, More Outlets, J and K
Suzlon Energy rallied as much as 9% to touch an intraday high of INR 19.60 on December 28th Friday as the lenders will meet to discuss CDR package. According to the reported, the lenders to debt ridden Suzlon will meet on Friday to ...
Tags: Suzlon Energy, CDR package, restructuring package, company news
PTI reported that luxury car maker Audi will hike the prices of its entire range of models by up to INR 3.69 lakh with effect from January 1st due to rising input costs and falling rupee. Mr Michael Perschke head of Audi India in a ...
Tags: luxury car, Audi, rising input costs, pricing strategy, India
In the power starved state of Tamil Nadu any addition to electricity generation capacity, howsoever small, helps. In a few months, the State is likely to get 100 MW of capacity from Sterlite Industries. The company part of the Vedanta ...
Tags: Tamil Nadu, electricity generation capacity, Sterlite Industries, India
Massive modernization and expansion plans have already been launched in Steel Authority of India Limited and Rashtriya Ispat Nigam Limited for increasing the steel making capacity from 12.4 million tonne to 20.2 million tonne and from 3.0 ...
Tags: Steel Authority of India Limited, Rashtriya Ispat Nigam Limited
Business Line reported that Volvo Auto India will bring its INR 25 lakh car, V40 Cross Country, unveiled recently in Paris, to India in March or April 2013 and increase its overall marketing budget in the country from INR 16 crore to INR 20 ...
Tags: Volvo Auto India, lakh car, overall marketing budget, India
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
PTI reported that tax sleuths searched the premises of a West Bengal based leading steel and iron products producer and registered a case for alleged central excise duty evasion of at least INR 30 crore. Official sources said that the ...
Tags: Tax Sleuths, steel, iron products, central excise duty evasion
Mumbai has one of the most crowded and overloaded suburban systems in the world.Concerned about the capacity constraint on the Corridor,Ministry of Railways has decided to augment the system capacity and has accordingly envisioned a two ...
Tags: Mumbai, Ministry of Railways, ERC, Maharashtra
Business Standard reported that French carmaker,PSA Peugeot Citroen,has lost a third of the land allotted to it in Sanand.After waiting for over a year for payments,the Gujarat government recently sold around 200 acres of the 584 acres ...
Tags: Gujarat, Business Standard, a single payment
Under the Corporate Social Responsibility Scheme,the Public Sector steel companies namely Steel Authority of India Limited and Rashtriya Ispat Nigam Limited are allocating funds for the CSR activities as per the guidelines prescribed by the ...