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Century Textiles gains on buzz of demerger of cement biz

Saturday 15th Oct 2011 1251

Mumbai : Century Textiles and Industries surged 4% to Rs 316 on buzz of demerger of cement business into UltraTech Cement.

Kumar Mangalam Birla has agreed to go ahead with the long-awaited....

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CAG advises OilMin of caution on RIL's KG-D6

Thursday 13th Oct 2011 1255

New Delhi : The Comptroller and Auditor General of India (CAG) has advised Oil Ministry to allow Reliance Industries (RIL) to recover expenditure on its eastern offshore KG-D6 field only after it....

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IndianOil plans to raise R&D investment by 40% to Rs 350 cr

Thursday 13th Oct 2011 1250

Chennai : Public sector fuel marketer Indian Oil Corporation (IOC) plans to increase its expenditure on research & development (R&D) by 40 per cent to Rs 350 crore for the next....

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Power Min pegs generation loss at four billion units

Thursday 13th Oct 2011 1252

Mumbai : The country’s power scenario will continue to worsen further as the shortage of coal persists. The power ministry has estimated that the country has lost four billion units (bu)....

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More trouble for Coal India

Thursday 13th Oct 2011 1246

Mumbai : In the last two weeks, shareholders of Coal India Ltd (CIL) have had to grapple with negative news — first it was when the Cabinet cleared the draft Mining....

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SAIL to sign steel plant pact with Posco in Nov

Wednesday 12th Oct 2011 1249

New Delhi : State-run Steel Authority of India Ltd (SAIL) is likely to sign a joint venture agreement with South Korean steel major Posco for setting up a factory in Bokaro, Steel....

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Drug industry hails 100% FDI in pharma

Wednesday 12th Oct 2011 1250

New Delhi : Calls for a policy framework for CCI to handle pharmaceutical M&As.

Domestic drug makers have welcomed the government’s decision to continue with 100 per cent foreign direct investment (FDI) in....

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Nalco's rush to put an end to its smelter troubles

Wednesday 12th Oct 2011 1237

New Delhi : The long search of an ideal site for building a new 500,000-tonne smelter by National Aluminium Company (Nalco) is a statement of the many hurdles to be overcome to....

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State-run oil marketing firms losing Rs 271 cr a day

Wednesday 12th Oct 2011 1252

New Delhi : State-run oil marketing companies — IndianOil, Bharat Petroleum and Hindustan Petroleum — are incurring a daily loss of Rs 271 crore. These firms are expected to incur an under-recovery....

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Nalco ash pond slips, restored later

Tuesday 11th Oct 2011 1254

Bhubaneswar : The ash pond of National Aluminium Company (Nalco) here developed cracks this morning, resulting in leakage of water from the pond to the nearby Nadira rivulet which falls into....

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