Times of IndiaPosted by Yogesh on Saturday, 9 August, 2008
NEW DELHI (Thomson Financial) – India’s top court on Friday cleared South Korean steel giant Posco’s plan for a $12 billion plant in a controversial case seen pitting farmers’ interests against growing industrial development.
In another key case viewed as a test of tribal rights, the court approved British mining company Vedanta Resources’ proposal to mine bauxite on land held sacred by locals to feed a $900 million aluminium refinery. Read the rest of this entry »
Posted in Corporate News | Tagged: bauxite, Posco, Vedanta Resources | Leave a Comment »
Posted by Yogesh on Saturday, 9 August, 2008
NEW DELHI, Aug 8 – India’s steel makers should step up expansion to meet growing demand and ensure price stability, a top steel ministry official said, but firms fear an agreed freeze on prices and surging input costs will hit their growth.
Companies in the world’s fifth-largest steel producing nation have been holding prices since May fearing the Read the rest of this entry »
Posted in Sector Spotlight | Tagged: Steel Firm | Leave a Comment »
Posted by Yogesh on Saturday, 9 August, 2008
NEW DELHI, Aug 8 will shut a 1.8 million tonnes a year diesel hydrotreater at its Mathura refinery for 23 days from September, cutting the plant’s output by nearly 16 percent, a senior company official said on Friday.
The stoppage is due to routine maintenance, during which the unit’s catalyst will be changed. The refinery in north India has only one 180,000 bpd crude unit. Read the rest of this entry »
Posted in Corporate News | Tagged: IOC | Leave a Comment »
Posted by Yogesh on Saturday, 9 August, 2008
MUMBAI, Aug 8 , India’s second-biggest motorbike maker, said on Friday it would launch three more bikes on the 125 cc and above platform as it seeks to boost sales and protect margins in a sluggish market.
Bajaj, which launched the XCD 125 cc bike last September to upgrade consumers from the low-margin and highly competitive 100 cc segment, said the 125 cc segment now made up about 40 percent of the total Read the rest of this entry »
Posted in Corporate News | Tagged: Bajaj Auto | Leave a Comment »
Posted by Yogesh on Saturday, 9 August, 2008
MUMBAI, Aug 9 – A deal between Steven Spielberg’s DreamWorks SKG and one of India’s largest entertainment conglomerates to set up a new film company is on the verge of completion, the Wall Street Journal reported on Saturday.
The deal with Mumbai-based Reliance ADA Group is the initial step in Spielberg’s and DreamWorks co-founder David Geffen’s plan to leave Paramount Pictures and set up their own studio to make films to be distributed by a soon-to-be-determined studio.
Posted in Corporate News | Tagged: Deal, Dreamworks, Reliance ADAG | Leave a Comment »
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