Briefly Business: Port of Antwerp Invests 175 cr in Essar Ports

AHMEDABAD: Belgium-based Port of Antwerp has invested 175 crore in Essar Ports that operates two ports in Gujarat. Meanwhile, Essar Group promoter Shashi Ruia has stepped down from the Board of Essar Ports. Myanmar visa-on-arrival for Indian businessmen New Delhi: Myanmar on Wednesday announced its decision to grant visa-on-arrival to Indian business persons and certain other categories of visitors. GAIL Q4 net profit falls 38 per cent New Delhi: GAIL India on Wednesday reported a 38 per cent drop in its Q4 profit after the company had to shell out more towards fuel subsidy. DLF Q4 net down 39 per cent at Rs 211.7 cr New Delhi: DLF has reported a 39 per cent fall in its consolidated net profit at Rs 211.70 crore for the quarter ended March 31, 2012, on high interest outgo. Defunct exchanges must close shop in 2 years: Sebi Mumbai: The Sebi has asked defunct stock exchanges and those which are not able to maintain a turnover of Rs 1,000 crore to close shop within two years. Extend time for minimum public shareholding: CII Mumbai: With the deadline for compulsory offloading of promoter’s equity to ensure compliance with 25% minimum public shareholding requirement approaching, CII has written to the Sebi chairman UK Sinha to extend the deadline by 2 years.
Source: PTI