Steel Authority of India (SAIL) has undertaken the work for enhancement of loading facilities at Bolani iron ore mines in Orissa with an investment of Rs 1.2 billion


Grotto likely to exit 50:50 JV with Raymond

Tata Motors, which is planning to produce the world`s cheapest car selling at EUR 1,700, also has plans to produce an electric-drive version,

Satyam Computer Services, a leading Indian IT company, announced that it has been named a `Global Partner` for SAP, the market and technology leader in business software solutions, at SAPPHIRE 2008, SAP`s international customer conference.

Tulsyan NEC, a manufacturer of steel and woven sacks, announced on Wednesday August 20, that the company has signed a memorandum of understanding (MoU) with Budhrani Group of Companies to set up a steel making and rolling mill of 60,000 metric ton per annum.


The government has decided to allot Rs 220 billion in cash as a subsidy to the fertilizer industry for the year 2008-09,

Northgate Technologies on Wednesday, August 20 announced that Axill Europe, a wholly owned subsidiary of the company, acquired Reuters` London (UK) based high end data centre infrastructure with over 8,000 square feet area.


GMR Infrastructure announced that it`s subsidiary GMR Hyderabad International Airport (GHIAL) and Malaysia Airlines have signed a memorandum of understanding (MoU) which will see the establishment of a world class Maintenance, Repair and Overhaul (MRO) organization to provide maintenance services on narrow and wide body aircraft at the Rajiv Gandhi International Airport (RGIA), Shamshabad, Hyderabad.


Kirloskar Electric Company board approving the acquisition of approximately 95% of shareholding of a German manufacturing company, viz., Lloyd Dynamowerke & Co. KG (LDW) and 100% holding in Lloyd Beteiligungs from CMP Fonds

NSE to conduct live trading in currency futures from Aug. 29

The National Stock Exchange (NSE) will conduct live trading in currency futures from August 29.

This will be for the first time even retail investors with no exposure to foreign exchange will be able to take a call on the rupee`s movement with the dollar.

Till now, trading in foreign exchange was allowed only to banks and companies having currency exposure.

At present, trading in currency derivatives takes place among banks and corporates in the Over-The-Counter market only.

The permission given by the Reserve Bank of India and SEBI to allow trading in currency futures is part of the government`s move towards capital account liberalization.

The government of India plans to raise foreign direct investment (FDI) capital to 74% in cable TV and direct-to-home (DTH)


Reliance Industries (RIL), India`s largest private company, and Brazilian Energy company Petroleo Brasileiro (Petrobras) are in talks to set up joint ventures (JV) for two petrochemical complexes,


China has plans to set up a sub-office of Indo China Economic and Cultural Council in Kerala,

Nagarjuna Construction Company has secured three new orders worth Rs 4.74 billion.


HCL Technologies, India`s leading global IT service company on Thursday, August 21 announced the opening of a new global development centre in Sydney to accommodate over 500 staff across the region.


Aurobindo Pharma gets tentative approval for Losartan Potassium tablets

Raheja Developers will invest about Rs 45 billion to develop a 255-acre SEZ in Gurgaon over the next three to five years