Shooter Gagan Narang became the first Indian athlete to say Dow Chemical should be allowed to be a sponsor of the 2012 London Games even though the Indian Olympic Association wants the organisers to reconsider it.
Did the Indian government guarantee Dow Chemicals, the parent company of Union Carbide, that it will not be held liable for the Bhopal gas tragedy?
Dow Chemicals, the US-based petrochem giant, may announce its intent of floating a joint venture with Reliance Industries this week.
Rohm & Hass is a Philadelphia-based chemical giant and a Fortune 500 company. Gupta was the point person in the negotiations between his company and chemical conglomerate Dow Chemical for the sale of Rohm & Hass.
Reaffirming its stand, the International Olympic Committee Wednesday rejected calls from the Indian Government to drop Dow Chemicals as sponsor of the London Games because of its links to the 1984 Bhopal gas tragedy.
After repeated letters of protest by the IOA failed to move the International Olympic Committee, the Indian government has now stepped in by asking the international body to drop Dow Chemicals as sponsor of this year's London Games for the company's link to the Bhopal Gas tragedy.
The 50-50 partnership would bring together BSE's closely watched India index suite, which includes the Sensex, with S&P Dow Jones Indices' 115 years of experience in publishing transparent and independent global benchmarks.
London Olympics organizers, on Monday, made it clear that it was never their intention that Dow Chemical's name would be on the fabric wrap around the main stadium for the Games and the company has now agreed to remove its branding.
Three Bhopal gas tragedy survivors' organisations have opposed West Bengal government's move to invite Dow Chemicals to the proposed chemical hub in Haldia after the state government failed to acquire land at Nandigram.
London politicians called on Olympic officials to rethink their sponsorship contract with Dow Chemical on Wednesday, saying the company's links to the 1984 Bhopal disaster damaged the reputation of this month's Games.
Dow India would comply with all the directives stated by the government to work outa solution to the current situation, the company said. Recently the company's research facility at Chakan was razed by a group of villagers, following which members of the Warkari sect claimed responsibility for the act, saying they would not allow the facility to come up at a place which is sacred to the followers of the 17th century Bhakti movement saint Tukaram.
The Indian Oympic Association came down heavily on the Government for adopting double standards on Dow Chemicals' sponsorship of the London Games and said the Sport Ministry's plans of selective boycott of the London Olympics will have "serious repercussions".
Madhya Pradesh chief minister Shivraj Singh Chauhan urged the government to boycott next year's London Olympics because of the event's sponsorship deal with Dow Chemical company, according to local media reports.
Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) will replace IT major Wipro in the 30-share BSE Sensex from June 24, according to an official announcement on Friday. This marks the first inclusion of any Adani Group firm in Sensex. The group has 10 listed firms with a combined market valuation surpassing Rs 17 lakh crore.
DJSI is an international indicator, which tracks the financial performance of companies having outstanding sustainability conduct.
United Phosphorus Ltd has purchased the US-based Dow AgroScience LLC's oryzalin herbicide business, including Surflan, for $21.3 million.
The Supreme Court on Monday issued notices to the Union Carbide Corporation, Dow Chemicals and others on a Centre's plea seeking enhancement of compensation to the victims of 1984 Bhopal gas tragedy from Rs 750 crore to Rs 7,700 crore.
A children's movement in Bhopal takes on the might of Dow Chemicals.
"If I go there at all, I would be addressing the (US-India) CEOs meeting and also have some bilateral meetings with Treasury officials. I do not know of any other meeting. I do not know from where these things come," he told media persons in Ahmedabad when asked about reports about his plans to meet with Dow Chemicals CEO Andrew Liveris in the US.
In a major development that will allow Indian investors access to the American market, the National Stock Exchange (NSE) has decided to begin trading in futures contracts of S&P 500 and Dow Jones Industrial Average (DJIA), two of the world's most influential market indices.
One of the world's most-watched index reached a record high yesterday. Here are some key takeaways for investors.
Amid growing resentment over Dow Chemicals' association with the London Olympics, the IOA's Executive Board decided to write a 'strong' protest letter to the IOC, seeking the removal of the company as a sponsor of the Games next year.
Pune villagers are protesting against Maharashtra govt's move to give about 40 hectare of grazing land to Dow Chemicals for a R&D facility in Shendi village. The area's dairy business has suffered due to this and the villagers were also not informed. Activists say there is no environmental impact assessment report for the project. Over 10 villages in the Pune district have launched protests to save their grazing land, by not allowing construction material into their villages.
The international chemical giant Dow will invest $100 million in Research and Development (R&D) facility at Chakan, near Pune. The centre may be fully functional by 2010. The R&D facility would come up in the 100-acres, and will employ 500 researchers.
'There are ominous portents of an isolationist administration not only building a physical wall to the south to prevent unwanted immigrants from entering the land of milk and honey, but also trade walls not just against China, but all nations,' foresees Sreekant Sambrani.
The backing of the 16-member board on Tuesday sends the offer to the Bancroft family, which controls the majority voting shares of the company, for a final vote.
Global index developer Dow Jones Indexes, in partnership with Dharma Investments, on Tuesday launched 'Dharma Indexes,' which measure the performance of companies selected according to the value systems of religions, especially Hinduism and Buddhism.
Rupee-denominated contracts will be traded from 9 am to 5 pm.
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore. Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44 on Thursday. During the day, it surged 718.31 points or 0.97 per cent to 74,571.25.
The two entities are in talks for launching option contracts based on the US index at the Indian exchange.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
The Indian Olympic Association on Monday expressed deep concern at Dow Chemical Company's sponsorship role in the 2012 London Olympics and said it would write to the organisers to reconsider the decision.
It has emerged that a senior US government functionary offered to help India garner greater funding from the World Bank in return for protecting Dow Chemicals from possible legal fallout from the gas tragedy.
As Air Force One landed in India's financial capital with promises of bonding between the United States and the country in many sectors, one of the key people missing from Barack Obama's 200-member business delegation was, The Dow Chemical Company chief.
The apparent linkage had been implied by a report on the Times Now news channel that disclosed an email exchange between US Deputy National Security Advisor for International Economic Affairs Michael Froman and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia.
The issue of allowing trading in indices such as the Dow Jones and the S&P 500 on the National Stock Exchange (NSE) is being considered by the Reserve Bank of India (RBI).
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