New Delhi: With projects worth Rs 1.46 lakh crore pending, Prime Minister Manmohan Singh has called a meeting on Wednesday to review the status of infrastructure sector with an aim of pushing the slowing growth. The meeting, which will be attended by ministers of all infrastructure-related ministries, is expected to assess whether the targets are being met and what needs to be done to address bottlenecks, sources said in New...
09:06 PM, Jun 04, 2012
Steel Authority of India (SAIL) has declared its fourth quarter results. Its Q4 net profit at Rs 1,577 crore versus Rs 1,530.6 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 96.70 and an intraday low of Rs 92.50. At 14:40 hrs the share was quoting at Rs 95.95, up Rs 2.55, or 2.73 per cent. It was trading with volumes of 1,223,250 shares, compared to its 5-day...
05:01 PM, May 29, 2012
Jamshedpur: Three moutaineers from Jharkhand on Saturday scaled the world's tallest peak, Mount Everest, Tata Steel sources said. Meghlal Mahato and Binita Soren, reached the summit at 6:50 am and Rajendra Singh Pal, brother of acclaimed mountaineer Bachendri Pal who trained them, reached the peak earlier at 4:40 am. The team had set out from Kathmandu on March 25 and chosen to trek from Jiri to Lukla to acclimatise the...
09:09 PM, May 26, 2012
London: India does not figure among ArcelorMittal's top investment priorities as its $30 billion steel projects face long delays, Chairman L N Mittal said on Thursday. However, the country from where UK-based billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of the list in terms of priority because we see so much of potential and growth and we see the...
11:10 PM, May 10, 2012
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. "We continue to experience difficulties in India. My belief is that the Indian projects may not see the light for five to 10 years," Lakshmi Mittal told the company's annual shareholder meeting. Asked by Reuters later to expand on this view, Mittal said he might have overstated the...
10:52 PM, May 08, 2012
Geneva: India has launched a trade dispute to challenge US duties on certain steel products, the World Trade Organization said on Thursday. The WTO gave no details but said India had "requested consultations" with the United States - the first stage of a formal trade dispute - over US countervailing duties. Countries impose countervailing duties - punitively high import tariffs - when they suspect another country of gaining an unfair...
01:48 AM, Apr 13, 2012
New Delhi: Yet another setback for South Korean multinational Posco's plans to build a steel plant in Odisha. The National Green Tribunal on Friday has suspended the environment clearance given to Posco a year ago by then Environment Minister Jairam Ramesh. Ramesh had appointed a special four-member committee and had given the environment clearance even though only one member Meena Gupta had voted in favour of the project. The bench...
06:57 PM, Mar 30, 2012
Gandhinagar: The Gujarat government on Friday tabled the Comptroller and Auditor General (CAG) report in the Assembly amidst Opposiiton din. The report lists alleged irregularities worth Rs 16,700 crore and purchase and sale of gas by state enterprise GSPC and alleged undue favours to corporations. The CAG report will now be referred to the Public Accounts Committee (PAC) before it is referred back to the Assembly. The report of the...
06:41 PM, Mar 30, 2012
The National Green Tribunal on Friday suspended the environment clearance given to Posco Steel. ...
02:01 PM, Mar 30, 2012
New Delhi: There has been a setback for India's single largest FDI investment, the showcase Posco Steel plant to be set up in Odisha. The National Green Tribunal has suspended the environment clearance given to Posco Steel. The clearance was given a year ago by the then environment minister Jairam Ramesh. The National Green Tribunal noted, "Environment clearance stands quashed, fresh terms of reference must be issued." The Green Tribunal...
12:21 PM, Mar 30, 2012
Seoul: India on Monday stepped up defence, trade and security ties with South Korea. Prime Minister Manmohan Singh, who is in Seoul for the Nuclear Security Summit, held talks with his South Korean counterpart. Reportedly, South Korea has offered to sell nuclear reactors to India. The PM sought South Korea's support for India's quest to join international non-proliferation regimes such as the Nuclear Suppliers Group and the Missile Technology Control...
10:16 AM, Mar 26, 2012
Seoul: Investment from South Korea is a "priority" for India, visiting Prime Minister Manmohan Singh said on Monday, adding that the government was taking "proactive" steps improve the business climate and move forward with the Posco mega steel plant project in Orissa. "Investment from Korea is a priority for India. We will take proactive steps to address investor grievances and improve the business climate in the country. Many states of...
09:54 AM, Mar 26, 2012
New Delhi: Tata Steel has topped a list of India's 50 most admired companies, while four other companies from the steel-to-software conglomerate Tata group have also made to the first such rankings. However, the first such list for India, compiled by business magazine Fortune and global management consultancy Hay Group, has nearly half of the total 50 positions being occupied by the Indian units of the foreign companies. Tata Steel...
02:46 PM, Mar 06, 2012
New Delhi: Two Indian companies - Tata steel and ONGC - have made it to a list of the world's most admired companies, compiled by management consultancy giant Hay Group and global business magazine Fortune. While the global rankings of the Indian companies were not known, the worldwide list has been topped by US-based technology giant Apple. While Apple has topped the list for the fifth consecutive year, it is...
07:07 PM, Mar 05, 2012
Jamshedpur: Tata Steel Europe (formerly Corus), needs investment and it can be planned only after economic situation in Europe improves, group chief Ratan Tata said on Saturday. "It (Tata Steel Europe) was performing in negative due to various reasons, including the prevailing economic conditions there and high cost of raw materials. "Our European operations need investment. Let the economic condition improve there, which I hope would take place fast, and...
02:11 AM, Mar 04, 2012
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