Saturday, September 1, 2012

JSW Ispat merges with JSW Steel

JSW Ispat merges with JSW Steel


JSW Ispat merges with JSW Steel

Posted: 01 Sep 2012 01:07 PM PDT

Sajjan Jindal-led JSW Steel on Saturday announced the merger of JSW Ispat (formerly Ispat Industries) with itself, making the combined entity the second largest Indian steel company with a capacity of 14.3 million tonne per annum.


PMO unhappy over inaction by coal ministry

Posted: 01 Sep 2012 09:25 AM PDT

The PMO has expressed displeasure over inaction by the coal ministry in cancelling blocks where mining has not taken place and asked it to expedite the matter by September 6.


LIC aims 37% growth in first premium incom

Posted: 01 Sep 2012 09:17 AM PDT

Life Insurance Corporation is expecting a healthy growth of 37 per cent in first premium income to Rs 5,500 crore in the eastern region during the current fiscal.


Bernanke says Fed ready to act but short on specifics

Posted: 01 Sep 2012 09:07 AM PDT

Federal Reserve chairman Ben Bernanke on Friday left the door wide open to a further easing of monetary policy, saying the stagnation in the US labour market was a "grave concern."


Gold zooms past Rs 31,000 mark

Posted: 01 Sep 2012 08:59 AM PDT

Gold prices soared to hit a life-time high of Rs 31,255 per 10 grams, a new milestone at the bullion bourses in Mumbai today.


Sensex drops 354 points this week

Posted: 01 Sep 2012 04:17 AM PDT

Sensex snapped its four-week gaining streak and tumbled by 354 points to end at one month low of 17,429.56 due to fall in metal, realty, capital goods, auto and banking counters.


India's growth languishes, worst may be over

Posted: 31 Aug 2012 10:28 PM PDT

India's economic growth languished near its slowest in three years in the quarter that ended in June but was slightly better than expected, signalling the worst may be over for Asia's third largest economy and dashing investor hopes of an early rate cut.


Sahara lashes out at regulators

Posted: 31 Aug 2012 05:23 PM PDT

It also emphasized that in the last 33 years, there hasn't been a single complaint of non-payment against the company and that it has paid around Rs 1,40,000 crore to about 12 crore investors.

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