An analysis of the financial performance of nine leading global companies during January-June 2009 showed that only three of them registered profits, with SAIL's profit being the highest.
Notwithstanding the presence of global steel giants like ArcelorMittal and Posco in the country, domestic steel firms are still "better placed" to grow in the lucrative Indian steel market, global research firm Macquarie says.
Sports Minister Kiren Rijiju said all pending complaints of sexual harassment at SAI institutes will be disposed off
From a legal perspective, 2008 has been noteworthy for the corporate world as the Supreme Court cleared the environmental hurdles for three projects, which entailed investments in billions of dollars. On other hand, the apex court asked the Central Pollution Control Board to probe into the allegations made the Orissa against Paradeep Phosphates Ltd, which was also asked by the state to shut its factory for releasing hazardous pollutants.
In the past four years, there has been some progress in allocation of iron ore and coal mine--the two key raw materials for steelmaking. The memoranda of understanding for the mineral rich states of Jharkhand, Orissa and Chhattisgarh started pouring in from 2005. Since then, many steel companies, JSW Steel, Tata Steel, Essar Steel, Tata Metaliks, and even ArcelorMittal have bagged either coal or prospecting licence for iron ore.
In another bid to mobilise funds for the cash-strapped realty major Unitech, promoter Ramesh Chandra and his family are in talks with leading Indian and global steel giants to sell their 25 per cent stake in Bhubaneswar-headquartered Orissa Sponge Iron & Steel Ltd.Investment banks said the Chandras, who bought the stake sometime in 2006 and 2007, are in talks with Korean steel giant Posco and Delhi-based Bhushan Steel, which owns 6 per cent in the firm.
Demand in 2012 was anticipated as 89 million tonnes; the rest of the capacity would help make India a major exporter of steel, rather than being a major exporter of iron-ore without any value-addition. That was then.
Bajaj Industries chairman Rahul Bajaj on Thursday said the government should change the archaic land acquisition rules in India to deal with contentious issues like Singur.
Do Uddhav Thackeray, Aditya Thackeray, Sanjay Raut, and Sharad Pawar want the deaths of the Bhima Koregaon accused to be associated with their regime? asks Jyoti Punwani.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
The apex court also asked the the high courts to instruct the trial courts not to grant unnecessary adjournments during trial of cases.
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
Mega greenfield steel projects announced in the country are set to add more than 100 million ton of capacity, but land acquisition activity for only 16 million ton has begun.
Sajjan Jindal's model of making land-losers stakeholders in his Bengal project appears to be attracting others.
Ratan Tata, in his capacity as the chairman of the Investment Commission, has warned that major projects entailing a combined investment of nearly $60 billion are meeting delays and roadblocks for no apparent reason.
Despite poor governance, the BJD-BJP alliance may win an other term, since the main opposition Congress is in disarray and has no credible leaders.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
It may have got off to a slow start, but if all goes according to plan, Bhubaneswar will soon share a successful realty growth story with its residents.
The government expects foreign direct investment into India to cross $7 billion in 2005-06, with auto and mining sectors expected to attract huge funds.
Overriding stiff global competition, India's private sector steel giant Tata Iron and Steel Company has attained recognition as the "best steel company" in the world.
Rahul Pasupalan, who was the key organizer of the 'Kiss Protests' in Kerala last year, and his model wife were among six arrested On Wednesday in connection with an online prostitution case.
With global major Mittal Steel likely to foray into India with its proposal to set up a five million tonne steel plant in Jharkhand, Tata Steel has asked the government to check its track record before inviting the company.
Orissa could be on the cusp of a new era of industrialisation with the state government considering proposals for Rs 122,000 crore (Rs 1,220 billion) in investments, mainly in steel, alumina and power sectors, official sources said.
The most strident criticism of UP's anti-conversion ordinance has come from the judiciary with several retired Supreme Court and high court judges having described it as being violative of Article 14 (Right to Equality), 15 (Prohibition of discrimination on grounds of religion), 21 (Right to Life) and 25 (Freedom of conscience) of the Constitution, points out Rashme Sehgal.
An office assistant, who was arrested for the sexual assault of a three-and-a-half-year-old girl at a Bangalore school, was on Sunday remanded to six days police custody by a magisterial court.
Steel firms brace for good times on the back of better demand.
The DCW chief had been demanding death penalty for rape of minors and setting up of fast-track courts across the country to try rape cases, along with other demands.
Maxxis Group of Taiwan, Singapore-based TongGarden decide to set up their facilities in Sanand.
Adani's Carmichael project has been stuck in the approvals process for the past five years.
The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
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