CII has welcomed the announcement of the New Industrial Policy for the State. The Industry has been eagerly awaiting the new policy since the last 5 year industrial policy was announced in November 2006. Unlike the previous policy that ...
Tags: CII, new industrial policy, micro small and medium firms
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 said ...
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
State owned Hindustan Copper's net profit during the April to November period of the current fiscal dipped by over 21.5%to INR 110.35 crore on account of subdued prices globally. The company,the only domestic player to produce copper ...
Tags: Hindustan Copper, copper ore, LME, India
Economic Times reported that the income tax department carried out a survey last week on two Mumbai based steel companies,after a tip off that these companies have not been offering their full income for taxation. An I-T source said that ...
Tags: ITD, Uttam Galva, Lloyds Steel, Economic Times, Mumbai
In an interview with ET Now,Mr CS Verma CMD of NMDC,shares his business outlook and talks about the iron ore price cut. Q-There is a surprise move because the street was probably expecting a rise in prices.Why this 6%cut? A-We take a ...
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
Mytrah Energy Limited is busy adding fresh capacity to its wind power generation portfolio across several States including Andhra Pradesh,Tamil Nadu,Karnataka and Maharashtra.Mytrah currently holds a wind power generation asset portfolio of ...
Tags: Mytrah Energy, Wind power, Energy
Business Standard reported that TATA Group's holding company,TATA Sons,has pledged shares worth over INR 2,600 crore in three flagship group companies. On December 24th,TATA Sons pledged 11 million shares in TATA Motors,10 million in TATA ...
Tags: TATA Group, TATA Sons, INR
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
After halting land acquisition at the proposed plant site areas of POSCO steel project near Paradip,Odisha government recently announced plans to resume land acquisition tomorrow after a gap of 1 year. Mr SK Mallick collector of ...
Tags: Odisha, resume POSCO land acquisition, steel, India
Mr SK Tripathi CDM of MSTC spoke to Excerpts of Business Line about how the high dividend paying company is reengineering its strategies to adapt to changing economic realities and improve profitability. Q-How has the economic slowdown ...
Tags: economic, revenue, market, E-commerce
Business Standard reported that the Hinduja Group’s foundry arm Hinduja Foundries Ltd is planning to report to the Board for Industrial and Financial Reconstruction due to the erosion of net worth of the company. According to ...
Tags: Hinduja Group, Hinduja Foundries Ltd, India, Financial Reconstruction
Business Standard reported that the Odisha government has approved a proposal for withdrawal of land acquisition process for Sterlite Iron and Steel Company,a Vedanta group firm,which proposed to set up of a 5 million tonne steel plant in ...
Tags: Odisha government, Sterlite Iron, Steel Company, Vedanta group firm
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