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Journalism of Courage
RINL says its public offer will not happen this fiscal
New Delhi: Ruling out an initial share sale this fiscal,Rashtriya Ispat Nigam on Wednesday said the timeline set for the public offer is November,2012. The government has set November 2012 time-line for the IPO. We will launch the issue at an appropriate time,though it is not going to hit the market in the current fiscal, RINL CMD A P Choudhary said.
New Delhi: Petitioning the Power Ministry to consider its proposal for raising tariffs under its 4,000-MW Mundra power project in Gujarat,Tata Power said that if some action is not taken in time,the project may become unviable.
Consumer price inflation eases to 8.43% in July
New Delhi: Inflation measured on consumer price index for industrial workers (CPI-IW) moderated to 8.43 per cent in July against 8.62 per cent in the previous month.
LG re-enters Indias laptop mkt,launches 13 products
New Delhi: Consumer durables major LG Electronics on Wednesday made a re-entry into the laptop segment by launching 13 netbooks in India at a price ranging from Rs 26,000 to Rs 66,780.
Firms will find it difficult to raise funds abroad: RBI
Mumbai: Indian companies will find it difficult to raise funds from the overseas market due to the impact of US sovereign debt rating downgrade by Standard and Poor’s on global financial market,the Reserve Bank of India (RBI) has said. RBI,in a note to the Sub-Committee of Financial Stability and Development Council said its decision to relax the norms for repayment of Foreign Currency Convertible Bonds (FCCBs) may not yield the desired results.
M&M to set up automobile plant in Tamil Nadu
Chennai: Auto major Mahindra and Mahindra is all set to establish an automobile manufacturing plant with a testing facility at Cheyyar,about 100 km from here,for which it has entered into an MoU with the Tamil Nadu government.
LIC to observe its foundation day
New Delhi: The countrys biggest insurer,Life Insurance Corporation (LIC),will observe its foundation day on Thursday. The company was established on September 1,1956,by merging 245 private life and general insurance companies.
Govt panel likely to take a call on LIC chief soon
New Delhi: The government is likely to take a call on appointment of full-time LIC chief within next 10 days. The decision on the probable LIC Chairman is expected to be taken by next week by the selection panel,sources said.
