Lakshmi Mittal, India-born chairman and chief executive officer of the world's largest steel producer, ArcelorMittal, said despite the expanding steel making capacity in India, the country is set to face a massive shortfall in supply in the coming decades.
According to a senior Vedanta executive, the supply of bauxite from Gujarat should start this week. The Orissa alumina project needs about 3 million tonnes of bauxite to run at full capacity.
After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries for a price of 320 million (Rs 2,325 crore).
Tata Steel-owned Corus on Tuesday said it will invest 185 million pound (Rs 1,355 crore) in the No 4 blast furnance at Port Talbot steelworks in Wales, that will increase capacity by 400,000 tonnes a year.
The study, however, did not cover the extent to which Indians hold leadership positions.
Fresh from his visit to India in the last week of July, Britain's Business Secretary (minister) said he was hopeful a buyer would be found for Tata Steel-owned Corus' Teesside Cast Products plant in the northeast of this country.
Cognizant first, TCS third, Infosys fourth in Performance and Satisfaction study.
A recent study by www.HireScores.com -- a website that helps people looking for jobs find the right job websites --revealed that Coca-Cola ranked as the most desirable company to work for among Britons.
From June this year, Ambar Paul, the older son of British-Indian industrialist Swraj Paul, will be able to turn that taste for steak and lobster into a business opportunity courtesy his purchase of Christopher's American Bar and Grill, one of London's most trendy restaurants.
UK's new coalition Prime Minister and Tory party leader David Cameron is all set to 'carpet bomb' India in the last week July. In his first foreign state visit since he took office two months earlier, Cameron is expected to land in India with half his cabinet colleagues on July 26, two days ahead of his formal diplomatic mission.
The group issued a statement clarifying its financial health. It said the reports in the UK media questioning its financial health were based on 2008 calendar year results and its current state had improved significantly.
Caparo's business interests span Britain, Europe, the US, India and West Asia.
The role of independent directors on the board of Indian companies will be clarified in the new Companies Bill and their responsibilities will be made finite in terms of what they are answerable for, said Union Corporate Affairs Minister Salman Khurshid.
The two-year-old project, rolled out with WWF India as the local partner, has enthused the retailer to consider such projects in other cotton-producing areas in India and other parts of the world.
In yet another bid to manage the raging crisis in the Gulf of Mexico, oil major BP said on Wednesday that it had bought the "oil spill" search string in Google.com. So, the next time when an internet user types "oil spill" in Google.com, the first response in the search results will be a link directing to BP's micro website that is dedicated to disseminating information on how it has handling the crisis on the ground.
Tata Motors-owned Jaguar Land Rover (JLR) is set to wrap up the 600-million ($850 million) three-year Chinese deal it had bagged in February 2009, one year ahead of schedule.
Harrods shares the same level of tourist interests as the Big Ben, Westminster and Madame Tussauds wax museum.
Tata Steel's European arm, Corus, the second-largest steel maker on that continent, has appointed Citibank to help find a suitable buyer for its beleaguered Teesside Cast Products factory in northeast Britain.
The European Commission has approved a relief package that its member states can announce in support of the airline industry.
With the steel sector rebounding earlier this year, Mittal's wealth according to this list of the UK's rich and the powerful, doubled from 2009-levels to 22.45 billion pounds.
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