Global Steel Holdings, the holding company which controls the steel and associated businesses of the Ispat Group, has acquired two coal blocks in Mozambique. According to sources, the investment in the blocks would be in the region of Rs 460 crore (Rs 4.6 billion).
In an earlier analysis for the period till April 26, it had been found that of the 365 items in the WPI, the index for as many as 166 items had not been revised for more than four months. The latest analysis as of June 21 shows that the index for around 55 of these 166 items has been revised. In effect, only one-third of the items have seen an index revision. During this period, headline inflation has moved from 8.27 per cent to 11.63 per cent.
The Supreme Court on Wednesday refused to grant any interim relief to the Kerala government, which had challenged the Kerala high court's decision to lift a ban imposed on sale of Pepsi and Coke in the state.
An image of a protest at the Coca Cola museum.
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In a report released on Monday, 'And Now...Not a Word from Our Sponsors', the organisation 'Dream for Darfur' said it is necessary that corporations ensure that action in Darfur is taken before the games begin if they are live up to their "social responsibility".
Industry experts insist that rising steel prices are triggered by rising input cost like scrap, iron ore and coking coal. The current international pricing scenario demands a prices increase domestically. The rising raw material costs and other available inputs as well as limited capex resources have driven the steel prices. The government has been taking steps to control prices by increasing the export duties on some commodities and even banning exports on some.
As companies open the floodgates for corporate social responsibily projects, it means a new source of funds for many NGOs who are being hired to do the good things the companies want to show in their portfolios.
Steel, cement, aluminum, fertilisers, tractors, two-wheelers, beverages and carbonated drinks, tyres and FMCG could see demand back to near normal levels by the third or the fourth quarter of the financial year, or even earlier.
A passenger travelling in a cycle rickshaw can now have the luxury of sipping a Coke or Pepsi apart from listening to music via a headphone while he travels.
Large chains like the Marriott and Taj that are estimated to consume two million plastic bottles a year have taken a conscious decision to first eliminate PET bottles on their premises and then reduce the use of single-use plastic altogether, saying they are all for a sustainably environment-friendly tomorrow.
Neo Sports on a sticky wicket as big players stay away.
Secularism as a principle and practice in India is in "danger", but "forces of hatred" cannot alter the country's secular character, senior Congress leader Shashi Tharoor said during an interview on his new book 'The Battle of Belonging'. In the book, Tharoor makes a stinging critique of the Hindutva doctrine, asserting that it is a political doctrine, not a religious one.
Fifty-three people were feared trapped inside a Bharat Coke and Coal Limited mine at Bhat-Dhi near Dhanbad due to water-logging after an explosion inside the mine.
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Britannia Industries, the bakery and dairy major, has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for 15 days. The offer is currently on and closes on December 5, after which the product goes to offline (normal retail) stores.
They were speaking at a function to mark the release of 'Defying the Paradigm,' a coffee table book on Srinivasan's 50-year journey with India Cements.
The Appellate Authority has stayed Rs 1800 crore penalty on Coal India.
The ban on sale of Coke and Pepsi by several state governments, including Gujarat, in schools and colleges, has created apprehension ahead of the Champions Trophy.
'When I used to shoot my friends or cousins, I used to tell myself: I want to make them look a better version of themselves.' 'That's how I started: "I don't care who you are or who you think you are. When you are in front of my camera, I'll make you look better than what you think you are".'
Faced with rising input costs and increasing competition, Steel Authority of India Ltd has embarked on a Rs 400 crore (Rs 4 billion) cost-reduction exercise in the current fiscal in areas of raw material usage, energy and refractory consumption.
The bodies of 43 of the 50 miners killed in an explosion inside a coal mine in Jharkhand's Dhanbad district have been brought to the surface.
Health goals should be for life, not event-centric, says Aayushi Lakhapati.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government on Thursday announced that state-owned Coal India is likely to enter the international market.
Parle Agro had sold its popular and iconic soft drink brands namely Thums Up, Limca, Gold Spot and Citra, to Coca-Cola in 1993 and had also signed a non-compete agreement for 10 years.
