Times of IndiaPosted by Yogesh on Saturday, 30 August, 2008
MUMBAI, Aug 29 (Reuters) – India’s central bank said on Friday it had bought 193.25 billion rupees ($4.4 billion) of oil bonds from state-run refiners in exchange for dollars to help finance the companies’ oil purchases in the global markets.
The direct operations with oil companies started on June 5 and ended on August 8. Read the rest of this entry »
Posted in Indian Economy | Leave a Comment »
Posted by Yogesh on Saturday, 30 August, 2008
MUMBAI, Aug 29 (Reuters) – Larsen & Toubro Ltd (LART.BO: Quote, Profile, Research, Stock Buzz), India’s top engineering and construction firm, expects 600 billion rupees ($13.7 billion) of new orders this year, chairman A.M. Naik said at a shareholders’ meeting on Friday. Source Reuters
Posted in Corporate News | Leave a Comment »
Posted by Yogesh on Saturday, 30 August, 2008
NEW DELHI, Aug 29 (Reuters) – India’s stainless steel demand is expected to rise 8-9 percent in the current fiscal year and double in the next five years, as more of the alloy is used to make railway coaches and buildings, an industry official said.
India’s buoyant demand contrasts with a gloomy global outlook, with the International Stainless Steel Forum (ISSF) seeing little recovery in demand in 2008 from a year ago when rising prices of key raw materials forced production cuts. Read the rest of this entry »
Posted in Commodities | Tagged: Steel | Leave a Comment »
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