MMTC to pick up stake in logistics firm's subsidiary
Integrated logistics major Sical Logistics will shortly rope in MMTC India as a 26 percent equity partner for its 12 million tonne iron ore terminal under construction at...
PSL to commission pipe manufacturing facility
PSL, a global manufacturer of high-grade large diameter Helical Submerged Arc Welded (HSAW) pipes in India will commission its new pipe- manufacturing facility.
Crude oil price slides below $90 a barrel
The crude oil price Monday tumbled below $90 a barrel for the first time in eight months as worries over falling demand exacerbated by the spread of financial turmoil.
Now MTV gets into bed with Gen-Y
Music channel MTV, which claims to know the attitude of today's youth, has now decided to get onto their beds too - literally! It has launched its own bedroom decor colle...
India lifts curbs on foreign funds, eases liquidity for banks
India's central bank Monday cut the minimum cash balance for commercial banks against deposits by 50 basis points, even as the market watchdog, the Securities and Exchang...
Japan's Nomura Holdings to acquire Lehman Brothers' Indian units
Japanese securities house Nomura Holdings Inc has reached a basic agreement to purchase Indian units of failed US investment bank Lehman Brothers Holdings Inc, Japan's Ni...
Bhilai Steel Plant posts impressive performance in first half
India's largest steel plant, Bhilai Steel Plant (BSP), has reported 8.6 percent production growth in hot metal.
Smart City not to come under new SEZ guidelines
The Rs.15 billion ($350 million) Smart City project, being worked jointly by the Kerala government and Dubai Internet City (DIC), aiming to put Kerala on the global IT ma...
India bailing out dying U.S. nuclear industry: Karat
The Manmohan Singh government has committed to buy energy worth $70 billion from the "dying U.S. nuclear industry" under the nuclear deal, Communist Party of India-Marxis...
India's imports of sensitive items up by $208 Million
India's imports of sensitive items like fruits, cotton and automobiles were up $207.52 million(Rs.9.74 crore) in April-July this fiscal, said the ministry of commerce and...