Anticipating pressure from the government, steel companies decided not to hike prices on Sunday, but are likely to raise them over the next few days in varying degrees.
Plan to move cautiously with an increase of Rs 500-1,000 per tonne.
Major shareholders to buy workers' shares in northern gardens.
Fresh from the Nandigram flashpoint, the West Bengal government is set to begin a two-way 'battle' to keep industrialisation going in the state.
The move will result in Britannia and Wadia BSN, being dismantled.
Shishir Bajaj, the estranged brother of group patriarch Rahul Bajaj, and his son Kushagra have sought a 25 per cent share in the assets controlled by these trusts.
Shishir, Rahul factions dissent over all-important chairmanship.
The Aditya Birla group has set aside 6.5 per cent stake in Bachhraj & Co, the company that controls 24.54 per cent of Bajaj Hindusthan, for Kushagra Bajaj's wife, Vasavadatta, sources close to the development said.
As the debris of failed joint ventures piles up, experts quote the old adage of prevention being better than cure.
Lenders have thrown their hat into the Haldia Petrochemicals Limited case with Industrial Development Bank of India moving the Calcutta high court against the Company Law Board order on share transfer to the TCG firm.
Until 26 months ago, the laws governing cross-border joint ventures were loaded heavily in favour of the Indian partner.
Iron ore prices are expected to fall in next couple of months following the imposition of duties on exports.
A day after Vodafone announced its $11.1 billion acquisition of Hutchison's equity holding in Hutch-Essar, India's fourth largest mobile service provider, it received an unsolicited advice from the Egyptian CEO of Orascom, Naguib Sawiris.
The warring promoters of FMCG major Britannia - the Wadias and the French dairy giant Danone - are looking at sorting out intellectual property rights issues
Some people stand out just by being unassuming. Sanak Mishra, chief executive officer (CEO), Mittal Steel India, is one of them.
BPL Mobile, one of Mumbai's oldest cellular phone operator, is looking at dropping its existing brand name as Essar's agreement with the TPG Nambiar-owned BPL on the use of its trademark expires by March-end.
Tata Steel may opt for a rights issue to raise funds to finance its $13.13 billion purchase of the Corus group
Percy S Mistry, chairman of the high-powered committee on making Mumbai an international financial hub, has put in his papers following differences of opinion with other members.
The Ruias of Essar have rejected an offer by the Aditya Birla group's Idea Cellular to acquire BPL Mobile's Mumbai circle, which lost heavily on its valuations due to the corporate battle between its shareholders.
Domestic pharmaceutical major Cipla has dropped out of the race to acquire Merck's generics business citing expensive valuation as the reason.
