Friday, August 27, 2010

Tata Steel to sell Teesside plant

Tata Steel to sell Teesside plant


Tata Steel to sell Teesside plant

Posted: 27 Aug 2010 01:11 PM PDT

Thailand's largest steel producer, Sahaviriya Steel Industries (SSI), plans to acquire Tata Steel's Teesside Cast Products (TCP) unit in the UK for $500 million.

I am the least-paid Fortune 500 CEO: SBI chief

Posted: 27 Aug 2010 01:05 PM PDT

The State Bank of India broke into the Fortune 500 club during Om Prakash Bhatt's current five-year tenure as chairman — surely something to celebrate.

'MAT ok, 30% corp tax a dampener'

Posted: 27 Aug 2010 01:10 PM PDT

Corporate houses are disappointed with higher corporate tax of 30% proposed in the bill as against 25% proposed in both the original and revised discussion papers of Direct Tax Code (DTC).

Air India looks for a new hub

Posted: 27 Aug 2010 01:02 PM PDT

Should the cash-strapped national carrier Air India shift its 'expensive' European hub from Frankfurt to a more reasonably priced city or use the home advantage of Delhi's T3 to leverage all its strength here and forgo the base abroad?

Forex reserves decline by $242m

Posted: 27 Aug 2010 07:22 AM PDT

The country's foreign exchange reserves declined for the second consecutive week, reaching USD 282.549 billion for the week ended August 20, down USD 242 million compared to previous week's USD 282.791 billion.

Vedanta deal not against India's interest: Cairn

Posted: 27 Aug 2010 05:31 AM PDT

Seeking to placate India's concerns on its deal with Vedanta Resources, the UK's Cairn Energy said it will comply with all contractual obligations in sale of its majority stake in Cairn India to the world's fifth largest miner.

Rupee weakens against dollar

Posted: 27 Aug 2010 08:40 AM PDT

The Indian rupee edged slightly lower on Friday weighed by late losses in local stocks which raised concerns about sustained risk aversion in global markets ahead of a key speech by Federal Reserve Chairman Ben Bernanke.

Sensex ends below 18000 level

Posted: 27 Aug 2010 04:29 AM PDT

The BSE benchmark Sensex fell by 228 points today to close below the 18,000-level on heavy selling by foreign funds amid apprehensions of a slowdown in the US.

New law to regulate foreign contributions

Posted: 27 Aug 2010 03:46 AM PDT

A new law to regulate foreign contributions and hospitality by individuals and organisations, in the wake of changed internal security environment and large fund flow was passed by Parliament today.

Fortis chairman aims for Asian health network

Posted: 27 Aug 2010 01:16 AM PDT

No matter how healthy or rich Asian economies are, one thing is certain: Asians will never stop getting sick.

Boeing delays delivery of Dreamliner

Posted: 27 Aug 2010 01:16 AM PDT

Aerospace giant Boeing said on Friday it would further delay the delivery of its first 787 Dreamliner aircraft until early next year, in another set-back for the troubled jet programme.

Direct taxes bill: You'll save tax, but not much

Posted: 26 Aug 2010 12:09 PM PDT

The Cabinet on Thursday approved the draft of the Direct Tax Code Bill. The maximum that anyone can gain from new code in terms of savings on the tax burden compared to the present levels is Rs 26,000 per annum.

Rupee weakens by 2 paise against dollar

Posted: 26 Aug 2010 09:27 PM PDT

The rupee on Friday weakened by 2 paise to 46.86 a dollar in early trade at the Interbank Foreign Exchange market following month-end dollar demand from importers.

Oil falls to near $73 as stock markets retreat

Posted: 26 Aug 2010 10:08 PM PDT

Oil prices eased in Asia on Friday after two straight days of gains, taking a cue from regional stock markets which retreated amid expectations of slower US economic growth.

Reliance Cap gets Kela as chief investment strategist

Posted: 26 Aug 2010 09:29 PM PDT

ADAG firm Reliance Capital on Friday announced appointing Madhusudan Kela as chief investment strategist with effect from September 21, 2010.

Tata Steel to sell Teesside plant

Posted: 27 Aug 2010 01:11 PM PDT

Thailand's largest steel producer, Sahaviriya Steel Industries (SSI), plans to acquire Tata Steel's Teesside Cast Products (TCP) unit in the UK for $500 million.

Washington approves United, Continental merger

Posted: 27 Aug 2010 05:49 PM PDT

The United States on Friday cleared the way for a merger between US carriers United and Continental that will create the world's biggest airline, the Department of Justice said.

No comments:

Post a Comment