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Posco, BHP Billiton have big plans in Orissa — Talks held with CM for 10-m tonne steel plant, other projects
SOUTH Korean steel maker Posco and Australia's mining major BHP Billiton have jointly approached the Orissa Government with a proposal to set up a 10 million-tonne integrated steel plant in the State. Apart from this, the two foreign giants ... More

Duties on petrol, diesel cut — Consumers spared of price hike
THE consumer will be spared any hike in prices of petrol and diesel following today's decision to reduce the duties on the petroproducts. In the case of LPG and kerosene, the Government does not intend to allow oil companies to raise prices, even ... More

What the reductions mean
TODAY'S succour of duty reductions for the consumer and petroleum industry could not have come at a better time. Crude, the raw material for the petroleum industry, on Wednesday touched an all-time record high of $47 per barrel. A cut in ... More

Govt to wait for CAG report on Centaur deal: Chidambaram
THE Government will wait for the Comptroller and Auditor-General of India's (CAG) report on the disinvestment of Centaur Hotel in Mumbai before deciding on the `discomforting aspects' of the sale concluded during the previous NDA regime, said the ... More

Balaji Tele to make pref allotment to Star group affiliate — To offer 25.1% stake at Rs 90
Asian Broadcasting has agreed to reduce its shareholding to 26 per cent of the total paid-up share capital of the company if it acquires shares in excess of 26 per cent. More

TCS may be listed on August 25
TATA Consultancy Services will most likely list on the stock exchanges on August 25, said Mr S. Ramadorai, CEO, on the sidelines of a press conference here on Wednesday. The company's IPO opened on July 29 and closed on August 5. The issue, ... More

Hutch's Mumbai clients pay the highest
HUTCHISON'S subscribers in Mumbai pay the highest mobile bills in the country at an average of Rs 670 a month. While average revenue per user for cellular operators have been on the decline by over 6 per cent, Hutch's revenue per subscriber in ... More

Maharashtra, richest State
MAHARASHTRA is the richest State in India. It has the largest GDP, besides ranking the highest in per capita GDP. However, the picture is not so tidy in other States. Uttar Pradesh (with Uttaranchal), for instance, occupies the second place in ... More

Indices tumble as oil concerns continue
CONCERNS about the high oil prices continued to plague the markets, as the BSE Sensex plunged by 64.66 points (or 1.27 per cent) to close at 5038.28 points. During the course of the day, the crude oil touched a high of $47 a barrel and the fears ... More

Coping with attrition
ATTRITION, now a well established bane of the IT industry, has to be understood in the light of the unique characteristics of the sector, says Dr Nandkishore Rathi, Assistant Placement Officer, IIT, Mumbai. He highlighted some of the findings ... More




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Plastic money boosts retail spend


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