Kabul: Afghanistan opened bids on Tuesday on billions of dollars worth of copper and gold deposits in four areas of the country that together are roughly half the size of the Grand Canyon. Despite ongoing violence, Afghanistan has high hopes that its budding mining industry will generate billions in revenue to help rebuild the nation after 30 years of war. For Afghanistan, a landlocked country with virtually no exports, the...
04:24 AM, Dec 07, 2011
History is replete with legends of lost treasure and those who went in search of it. This, of course, was before they headed to Wall Street. 1. In the 16th and 17th centuries, Europeans started believing in El Dorado, a place of untold wealth in the Americas. A South American tribe is believed to have had kings who would cover themselves in gold dust and jump into Lake Guatavita during...
11:04 AM, Nov 15, 2011
In banquets across India, it is customary for the diners to chew on cumin (jeera) after the meal to benefit from its digestive powers. But for a bunch of commodity traders in November 2010, it was indeed the main course. On the 18th of that month, rains lashed Saurashtra, the main cumin growing region in India. It was clear that 2011 would be a year of cumin shortage; prices would...
03:59 PM, Jan 21, 2011
In banquets across India, it is customary for the diners to chew on cumin (jeera) after the meal to benefit from its digestive powers. But for a bunch of commodity traders in November 2010, it was indeed the main course. On the 18th of that month, rains lashed Saurashtra, the main cumin growing region in India. It was clear that 2011 would be a year of cumin shortage; prices would...
12:08 PM, Jan 14, 2011
New Delhi: Sterlite Industries on Monday won a reprieve till mid-December on closure of its copper smelting plant, with the Supreme Court asking the Centre, Tamil Nadu government and pollution control authorities to state why action was taken against the company. Hearing Sterlite's plea that Madras High Court ordered closure of its plant in Tuticorin despite compliance with green norms, the apex court issued notices to the Centre, Tamil Nadu...
02:23 PM, Oct 18, 2010
New Delhi: Sterlite Industries has shut the world's No. 9 copper smelter on a court order over environmental issues, the latest blow to India projects for its parent Vedanta, whose shares fell nearly 5 per cent. The Tuticorin plant in south India produced over 334,000 tonnes of copper cathode in the year to March 2010, almost half of India's total output of over 683,000 tonnes, and its closure helped push...
05:20 PM, Sep 29, 2010
Chennai: The Madras High Court has ordered Sterlite Industries, the subsidiary of Vedanta Group, to close its copper smelter plant in Tuticorin in southern Tamil Nadu for violation of environmental laws. The court held that the facility should be closed because of its proximity to an ecologically fragile area and has also faulted Sterlite for not developing a green belt around the plant in southern Tamil Nadu. Sterlite's Tuticorin Unit...
03:55 PM, Sep 29, 2010
The Coal India offering is expected to raise roughly $ 2.7 billion, in what could be India's largest share sale ever. ...
12:36 PM, Jun 15, 2010
CBI is still investigating, it is not proper to grant bail at this stage, ruled Court. ...
10:46 PM, May 25, 2009
The auditing firm was reacting to the allegation made by SFIO. ...
11:21 PM, Apr 17, 2009
Corporate Affairs Minister PC Gupta says Govt ready to discuss the issue. ...
12:23 PM, Feb 17, 2009
Hyderabad: Satyam Computer Services will appoint a new accounting firm within the next 48 hours to work on restating the accounts and declare the December quarter earnings, a member of the new board said. Working capital issues require immediate attention at the company, Deepak Parekh, a senior banker and one of the government appointees to Satyam's board, said after the first meeting of the newly constituted board. The government dissolved...
07:57 PM, Jan 12, 2009
It earlier fell by $1and 16 cents or 1.2 per cent to $92 and 81 cents. ...
06:21 PM, Oct 03, 2008
The model alleges the magician invited her to his private retreat in Bahamas. ...
09:31 AM, Oct 29, 2007
The reports said the raid stems from an investigation in Seattle. ...
04:26 PM, Oct 19, 2007
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