Economy

Lakshmi Mittal richest person in South Africa again

Economy

By Fakir Hassen, IANS, Johannesburg : India-born steel magnate Lakshmi Mittal has been named the richest person in South Africa for the fourth consecutive year on the annual 'Rich List' compiled by the weekly Sunday Times. Mittal achieved this distinction despite a 65 percent loss in his 52 percent stake in ArcelorMittal South Africa during the March-November period this year due to the global financial crisis.

Khargone riots aftermath: Why a Muslim businessman’s shop was demolished?

Lead Story

Following riots in Khargone district of Madhya Pradesh in April this year, a local bakery owner has alleged that he has been targetted by...

Indian firm opens paper factory in Ethiopia

Economy

By Groum Abate, IANS, Addis Ababa : Paper manufacturer Anmol Products Ethiopia, promoted by India's Anmol group of companies, Sunday inaugurated its unit at Ginchi, about 80 km south of here. The development is another feather in India's efforts to contribute more substantially to Ethiopia's developmental activities. The most significant feature of the new paper factory, reportedly built at a cost of $4.8 million, is that it will use waste paper that is usually burnt or thrown away.

Lucknow a prospering market for pirated CDs and DVDs

Economy

By Rajat Rai, IANS, Lucknow : "You can get it, though the print is not very clear. But you will not have a problem watching it," says a roadside vendor in the Naka market when asked if a CD or a DVD of Salman Khan's new movie "Wanted" is available. Pirated CDs and DVDs of the film that was released last week were at over 100 shops in the market where electronic items are sold, many at throwaway prices.

Modi government spent over Rs 4,300cr in publicity, reveals RTI

Economy

Mumbai (IANS): The government of Prime Minister Narendra Modi has so far splurged a whopping Rs 4,343.26 crore only for advertisements and publicity through...

RBI Act 1934 allows interest free banking in India

Economy

By Syed Zahid Ahmad,

Jai Balaji’s integrated steel plant at Durgapur inaugurated

Economy

By IANS, Durgapur (West Bengal) : The 450,000 tonne alloy and stainless steel division of Jai Balaji Industries' integrated steel plant at Banskopa here was inaugurated by West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday. The Rs.2.25 billion division includes an oxygen and argon plant, bloom and blister caster, and is likely to provide employment to more than 1,000 people, Jai Balaji's chairman and managing dierector Aditya Jajodia told reporters.

Launch of SBI Sharia-compliant MFs deferred

Economy

By M Reyaz, TwoCircles.net, New Delhi: The much awaited Sharia-compliant SBI mutual fund that was to be launched on Monday, December 1, has been deferred without giving any reasons. “Investors are hereby informed that it has been decided to defer the launch of the New Fund Offer of Sharia Equity Fund,” a brief public notice put up on the website of SBI Mutual Fund said.

Dalit cattle skinners in UP desperate to resume work

Lead Story

With cow vigilantism at its peak and a dearth of private skinning orders, Dalit cattle skinners of BJP-ruled Uttar Pradesh have been left with...

Tripura to produce high quality rubber wood products

Economy

By Sujit Chakraborty, IANS, Agartala : India's second biggest rubber wood factory set up in Tripura with technological support from China, Germany and Taiwan, would help in boosting rubber wood based products, officials said. The factory, set up in west Tripura's Anandanagar area, 15 km east of here, would help in producing solid wood boards from treated rubber wood using advanced international technology, said Jitendra Chowdhury, Tripura forest and industry minister. The country's biggest rubber wood factory is in Kerala, India's largest natural rubber producing and cultivating state.

Insurance firms told not to blacklist hospitals arbitrarily

Economy

By IANS, Gandhinagar : The Gujarat High Court Friday directed insurance companies that they cannot blacklist any hospital and refuse passing mediclaims without giving them the opportunity of being heard. The petitioner hospitals - Life Care Institute of Medical Science and Research, Karnavati Super-Speciality Hospital, May Flower Women's Hospital, Hetvi Hospital, Aditya Multi-Speciality Hospital, Sanjeevani Heart And Medical Hospital, and Polyclinic - approached the high court challenging insurance companies' decision to blacklist them.

“We have lost our livelihood,” How closure of Kashmir Press Club rendered four men...

Economy

For these four individuals—who are not professional journalists—the closure of Kashmir Press Club (KPC) was felt the hardest and directly impacted their livelihood.  Auqib...

‘Inside the heart of the conflict’, a new book on Bastar & Kashmir challenges...

Economy

A new book ‘Flaming Forest, Wounded Valley: Stories From Bastar and Kashmir’ by author and journalist Freny Manecksha investigates how places can be drastically...

LPG prices may fluctuate every month

Economy

By IANS,

Budget 2015-16: What is costlier, what is cheaper

Economy

The national budget presented by Finance Minister Arun Jaitley Saturday has the potential to increase what you pay for some commodities while also reducing...

Covid-19, state repression and the decline of people’s movement

Lead Story

The outbreak of Covid-19 shattered the whole world and everything was on a standstill except the state. The state managed to get absolute control...

Mundra Port gets court notice on filling of creeks

Economy

By IANS, New Delhi : Fishermen in Gujarat's Kutch district have told the Supreme Court that Mundra Port, owned by the Adani Group, was filling the creeks in the Special Economic Zone (SEZ) being developed by it in the region and this would adversely affect their fishing. The apex court Friday issued a notice to the port management seeking a probe into the allegations.

Question marks over future of Haldia port

Economy

By Aparajita Gupta, IANS, Kolkata : With increased siltation choking channels and reducing its navigability, a question mark hangs over the future of Haldia Port - a major conduit for trade in the country's east and northeast. Water transport in the port - the Haldia Dock System - is dwindling regularly, and the bigger vessels have to unload half of the commodity in neighbouring ports like Paradeep and Visakhapatnam to reduce the weight of the ships. Thus, the companies have to shell out more to ship in raw materials via Paradeep and Visakhapatnam.

Hundreds of Anganwadi workers from Delhi, Haryana demand govt worker status, pay hike, other...

Lead Story

The Anganwadi workers have been protesting since January 31 in New Delhi. They said they will not stop until their demands are met.  Suchitra...

Haldia Petro buys out L&T’s stake in HPLCL

Economy

By IANS, Kolkata : Haldia Petrochemicals Ltd (HPL) Tuesday acquired Larsen and Toubro's 51 percent stake in HPL Cogeneration Limited (HPLCL) for Rs.1.80 billion, getting full ownership of the firm that was set up as a joint venture in 1998. HPL managing director S.K. Bhowmik said: "Earlier L&T had 51 percent and HPL had 49 percent stake in HPLCL. With this buyout, we have got full ownership of the power utility arm."

Petrol pumps in Kerala to cut working hours

Economy

By IANS, Kochi : Petrol pump owners in Kerala have decided to limit their services from 6 a.m. to 8 p.m. from Aug 18. The decision by the All-Kerala Federation of Petroleum Dealers is said to be taken to cut operational expenses. The pumps will not function on Sundays. However, to avoid inconvenience to people, one petrol pump will operate in each sub-district on Sundays. Presently most pumps in the state remain open till 10.00 p.m. while many also remain open all through the night.

Nowheera Shaik arrested for allegedly duping investors

Economy

Hyderabad, Oct 17 (IANS) Hyderabad police on Tuesday arrested leading entrepreneur-politician Nowheera Shaik on charges of allegedly cheating the investors. Nowheera, Managing Director of Heera...

Odisha: Villagers protesting construction of steel plant allege ‘police brutality during siege’

Lead Story

According to civil liberties group People’s Union for Civil Liberties (PUCL) Odisha the bone of contention between the people of Dhinkia and law enforcement...

Gujarat to get 2 new cement projects after 10-year lull

Economy

By P.S.Anantharaman, IANS, Ahmedabad : After a lull of nearly a decade, two large greenfield cement projects are coming up in the western Indian state of Gujarat. This will be the first major new activity on the cement front in the state after the commissioning of the Hyderabad-based Sanghi Group's cement unit at Abdasa in Kutch district of the state nearly a decade ago.

Sanitation workers at Delhi’s all-women university allege caste discrimination

Lead Story

On February 12, scores of sanitation workers under the banner of SKU started a protest demonstration against the IGDTUW authorities for transferring two...

Bajaj motorcycles roar on Trinidad roads

Economy

By Paras Ramoutar, IANS Port of Spain : Indian automaker Bajaj India Ltd's motorcycles have begun to roar on the roads of Trinidad and Tobago following their launch in this Caribbean nation this week. Indian businessman Ved Janwani has been appointed the exclusive distributor. Janwani said he got the idea of importing motorcycles while stuck in a traffic jam. "I was stuck in a traffic jam when a motorcycle whizzed past me. Motorcycles can play a greater role decreasing traffic jams since they occupy a smaller part of the road."

E-governance brings down sand prices in Kerala district

Economy

By IANS Thrissur (Kerala) : With imaginative use of IT, the administration in Kerala's Thrissur district has successfully brought down the price of sand, which had been controlled by a mafia of sand miners and lorry owners. River sand is used extensively for to build houses. With the state witnessing a construction boom, the price of sand had shot up. It even reached Rs.12,000 for a truckload in the district.

Seven rail lines cleared for backward areas

Economy

By IANS New Delhi : The Indian government has decided to lay seven new rail lines in less known and neglected parts of India - like Dhar in Madhya Pradesh and Mananpur in Bihar - by 2012 at a cost of Rs.27.96 billion. Railway Minister Lalu Prasad secured the approval of the Cabinet Committee on Economic Affairs (CCEA) Thursday night for six new lines connecting middle level railway stations to rather remote places and also convert a metre gauge line into broad gauge.

MoUs worth US $2.57 billion signed at Jabalpur Global Investors’ Meet on day one

Economy

By Pervez Bari, TwoCircles.net Jabalpur: The two-day International Investors' Meet starting here at Jabalpur, a historic town in the central Indian state of Madhya Pradesh, began with a bang when on the very first day Memoranda of Understandings, (MoUs), to the tune of Rs. 10,310 crore (about US $2.5775 billion) were signed here on Friday.

Chikankari art shining at the cost of poor workers

Economy

By TCN Special Correspondent,

Swedish tycoon’s firm fined for destroying Amazon rainforest

Economy

By IANS, Rio de Janeiro : Brazilian authorities have slapped a fine of $234 million on a company owned by Swedish tycoon Johan Eliasch for illegally felling 230,000 trees in the Amazon rainforest, Spain's EFE news agency reported Sunday. London-based Eliasch is being investigated in Brazil by the Abin state intelligence agency for allegedly illegally buying large swathes of the rainforest and grassland in order to commercially exploit it through a company known as Gethal Amazonas S.A., the news agency quoted officials as saying.

35 years after Idi Amin, Indians again flocking to Uganda

Economy

By M.R. Narayan Swamy, IANS Kampala : Thirty-five years after former dictator Idi Amin booted them out lock, stock and barrel, Indians are again returning to Uganda in large numbers and helping to rebuild an economy that was shattered following their exodus. The capital Kampala is again dotted with Indian-run stores and businesses, and Indian faces are a familiar sight on the streets. A Bank of Baroda billboard stands proudly in the city centre, with a beaming face of Mahatma Gandhi.

Ratlam-Akola railway line to be made broad gauge

Economy

By IANS New Delhi : The metre gauge railway line linking Ratlam-Mhow-Khandwa in Madhya Pradesh and Akola in Maharashtra will be converted to broad gauge. The Cabinet Committee on Economic Affairs (CCEA) presided over by Prime Minister Manmohan Singh Thursday approved the railway ministry proposal. "The work would involve 472.64 km and entail an expenditure of Rs.14.21 billion," Information and Broadcasting Minister Priya Ranjan Dasmunsi.

Cash withdrawal limit to be Rs 50,000 from February 20; no limit from March...

Economy

Mumbai, (IANS) : The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages, the Reserve Bank of India announced...

President-elect Droupadi Murmu revives new hope in her nondescript village

Lead Story

101 years after the first tribal leader was elected to the legislature in pre-independent India, Odisha-born Droupadi Murmu from the Santhal community has been...

Revathi Equipment enters ready mix concrete equipment segment

Economy

By IANS, Chennai : The Coimbatore-based Rs.114 crore drilling equipment major Revathi Equipment Ltd ventured into concreting business in a major way Friday with a Rs.30 crore plant and is targeting a 20 percent market share, a top company official said. "We have the entire range of batching plants, concrete boom pumps and transit mixers. We are confident of garnering 20 percent market share in five years time," the firm's managing director and CEO K.Sunil Kumar told reporters here.

Few handmade quilts sell in Shillong, ‘dhunuris’ feel chill

Economy

By R.R. Kharmujai, IANS,

Indian candy brand Sweet World to open 100 new outlets

Economy

By Shweta Thakur, IANS New Delhi : Riding high on its sweet success, Mumbai-based candy store chain Sweet World is set to invest at least Rs.48 million in the domestic market and open 100 new stores across the country by the end of 2008. Sweet World, one of the pioneers of the international concept of pick-and-mix candies in India, is a market leader with 40 stores across the country.

What about internal colonialism, Mr. Tharoor?

Economy

By Jaspal Singh Recently Shashi Tharoor, a Congress party Member of Parliament, participated in a debate on reparations for colonial rule by Britain in Oxford...

Chaini elected Indian Merchants Chamber president

Economy

By IANS Mumbai : Murlidhar Narayan Chaini, vice-president of Indian Merchants Chamber (IMC) and president (corporate affairs) of Reliance Industries, has been elected IMC President for 2008-09. Chaini has served the IMC in various positions like member of its managing committee, chairman of its energy and industry committees, and co-chairman of its India Interest Group. Gul Kripalani of Pijikay Group, who is currently the chairman of the IMC international trade committee, has been elected vice-president for the same period.

GMR launches security services training academy

Economy

By IANS, Hyderabad : In a bid to generate job opportunities in villages, infrastructure major GMR Group Thursday launched a security services training academy in Anantapur district of Andhra Pradesh. The academy has come up on a 100-acre plot at Kodikonda on the Bangalore-Hyderabad national highway with an initial investment of Rs.350 million. The academy was inaugurated by GMR Group chairman G.M. Rao at Kodikonda.

‘No transparency in anti-encroachment drive:’ Kashmir traders’ body as govt intensifies ‘state land’ retrieval...

Lead Story

Kashmir Chamber of Commerce and Industries (KCC&I) held an urgent press conference today and urged the government to bring a formal order in...

231 days and counting: Sanitation workers at LHMC decry illegal termination

Lead Story

Sanitation employees from Lady Hardinge's Medical College (LHMC) and other institutions held a protest outside the Delhi hospital director's home on June 28...

Positive stereotyping

Economy

By Kashif-ul-Huda, TwoCircles.net, Stereotyping is an oversimplified image or representation. One image is meant to represent all members of that group or community. It helps in identification but offers no individuality or scope for diversity that exists within that group. When you see news stories about Muslims on TV it is often accompanied by images of burqa clad women and men with cap and beard. In both cases visuals are selected carefully that suggests to the viewers that Muslim women have no personality of their own and men are extremists.

TVS Motor to launch goods carrier, gearless scooter

Economy

By IANS Chennai : City-based TVS Motor Company Ltd will soon get into commercial vehicle segment, said a top official here Sunday. Talking to reporters after launching TVS King 200cc three-wheeler, company chairman Venu Srinivasan said: "Next year we will launch a sub-one-tonne goods carrier. A diesel-powered three-wheeler will also be launched." He also said the company would launch a gearless scooter, a segment that is logging growth even when the motorcycles are registering slide in sales.

Islamic Banking will benefit India more than Muslims: Mufti Abdul Kadir Barkatullah

Economy

By Mumtaz Alam Falahi, TwoCircles.net, New Delhi: The Islamic Banking and Finance system will benefit the development of India more than the Muslim community here, said Mufti Abdul Kadir Barkatullah, Islamic Shariah Advisor to several banks and financial institutions in Britain. He was interacting with mediapersons today at India Islamic Cultural Centre in New Delhi.

Inter-Unit Quality Circle Convention conducted at BHEL Bhopal unit

Economy

By Pervez Bari, TwoCircles.net, Bhopal: The 19th Inter-Unit Quality Circle Convention was conducted at Bharat Heavy Electricals Limited (BHEL) Bhopal unit here on Friday. Anil Sachdev, Director, HR, who as chief guest, in his inaugural address emphasized on making BHEL, the most trusted brand through collective efforts of the employees. While appreciating the role of quality circles, he stressed upon how quality circles promote team work, healthy work environment, innovativeness of employees to improve work culture.

Himachal to sell power to Delhi, Punjab

Economy

By IANS

Shimla : Power surplus Himachal Pradesh is to sell 700 million units of electricity to deficit states of Delhi and Punjab this summer for Rs.2 billion.

TNPL gets new deputy managing director

Economy

By IANS Chennai : Twelve years after joining the Rs.8.54-billion ($217 million) turnover Tamil Nadu Newsprint and Papers Ltd (TNPL) as director of finance, A. Velliangiri has been elevated as the company's deputy managing director. A fellow member of Institute of Chartered Accountants of India, Institute of Companies Secretaries of India and the Institute of Cost and Works Accountants of India, Velliangiri joined TNPL in 1995. During his tenure as director finance, Velliangiri had facilitated TNPL's capital expenditure programmes at minimal finance cost.

नाइंसाफी,अन्याय,संवेदनहीनता, दुख और तक़लीफ़ का साल 2020

Economy

आकिल हुसैन। Twocircles.net साल 2020 पूर्ण होने पर हैं। यह साल देश के लिए तमाम कठिन परिस्थितियों से गुज़रा है। कोरोनावायरस का प्रकोप, लाकडाउन,दिल्ली दंगे,लाकडाउन...

HAL plans lean heirarchy after cutting flab in manufacturing

Economy

By IANS, Chennai : The Bangalore-based Indian public sector aerospace major Hindustan Aeronautics Ltd (HAL) is planning to go lean in its management hierarchy, according to a top company official. "We currently have around 10-11 officer levels and we intend to reduce this to 5," Ananth Agasthya, HAL's executive director (training), said here Wednesday. He was addressing a lean management seminar organised by Lean Management Institute of India. The proposal will have to get the green signal from the board of the Rs.80 billion turnover company, he said.

Dikshit launches ‘Ladli’, gives Rs.10,000 to newborn girl

Economy

By IANS New Delhi : Delhi Chief Minister Sheila Dikshit launched the 'Ladli' scheme on the eve of International Women's Day Friday, handing over a cheque worth Rs.10,000 to the parents of Prachi, a newborn girl. Under the scheme, the state government intends to deposit Rs.100,000 in the account of every girl child by the time she attains the age of 18. Only those girls whose parents' annual income does not exceed Rs.100,000 a year will be covered under the scheme.

HFCL Infotel announces CDMA mobile services in Punjab, Chandigarh

Economy

By IANS Chandigarh : Mobile service provider HFCL Infotel Friday announced the launch of its "Ping" CDMA mobile service for Punjab and Chandigarh with a unique charge package of one paisa per second. The service, launched by HFCL Infotel -- which already offers fixed line and broadband services in the state -- claims that mobile users will be charged only for exact usage in seconds and not for the entire minute.

Weaver’s in Uttar Pradesh decry lack of govt support amid lockdown, worry for future

Economy

By Musheera Ashraf, TwoCircles.net Uttar Pradesh: “While the country is struggling to fight the pandemic, the Uttar Pradesh government seems to have unleashed a war...

ग्राऊंड रिपोर्ट : दलितों की बस्तियों का नाम बदलने से नही सुधरेगी उनकी हालात

Economy

आलोक राजपूत twocircles.net के लिए BJP सरकार के द्वारा सभी राज्यों एवं केंद्र शासित प्रदेशों को ये आदेश देने के बाद कि सरकारी...

Kamaz Vectra Hosur plant shut down

Economy

By IANS, Chennai : Heavy truck maker Kamaz Vectra Motors Ltd's plant at Hosur has been shut down by the Tamil Nadu Factories Inspectorate for operating without a proper licence, an official said Monday. "We found workers were listed under the names of two companies in the same premises. This is not as per the law. Further, the company does not have a licence to operate," the inspectorate official told IANS on condition of anonymity. The inspection took place Saturday as workers at the plant have been on a sit-in strike for over 15 days demanding absorption by Kamaz Vectra.

Luxury brand Paul & Shark launches first Delhi store

Economy

By IANS, New Delhi : Italian luxury brand Paul & Shark has launched it's first store in the capital. "The opening of the Paul & Shark store in India is the culmination of a long cherished goal to enter this unique market place and also marks the beginning of a very promising partnership with the Reliance Group," Andrea Dini, owner & CEO of Paul & Shark, said in a statement. The store offers the Indian consumers a complete menswear collection that can be worn at diverse places and on social occasions like workplace, holiday, leisure time and travelling.

Himachal high court stays arrest of Supermax chairman

Economy

By IANS, Shimla : The Himachal Pradesh High Court has stayed the arrest of R.K. Malhotra, chairman of blade manufacturing company Supermax, in the July 1 shooting case at a company unit in the state. Staying the arrest, Justice Surinder Singh Friday directed Malhotra to cooperate in the investigation and ordered that if he is unwell, his lawyer should inform the investigating officer within 10 days regarding his non-availability at Shimla. Malhotra, who is based in Mumbai, was also told not to leave the country without the permission of the court.

New Silk route to change fate of poverty-hit region

Economy

By Tayyab Baloch, TwoCircles.net, Gilgit-Baltistan/Islamabad: A 40-year old local trader Muhammad Ali Rocky was extremely tired but he still had to cover a long distance...

Adani Agrifresh to buy 35,000 tonnes of apples from Himachal

Economy

By IANS, Shimla : Adani Agrifresh will procure 35,000 tonnes of apples from Himachal Pradesh this year, a company official said here Sunday. "We have started apple procurement two days ago. This year's procurement rate is Rs.31 a kg for the superior variety," Deputy General Manager Sanjay Mahajan told IANS. This year's price is Rs.27 less than that of last year. "Last year we just managed to procure 9,000 tonnes of apples as the production in the state was quite low (due to a dry monsoon and a snowless winter)," he added.

Arvind Mills changes name to Arvind

Economy

By IANS, Ahmedabad : City-based textile manufacturer Arvind Mills Ltd has changed its name to Arvind Ltd. The name change is effective from May 10, the company announced Monday. When contacted, company secretary R.V. Bhinani said the new name reflects the the new business structure of the company which has a presence across the value chain in textiles. A week ago, the Kholapur (Maharashtra)-based Abshiek Mills Ltd, a 100 percent export oriented company, also changed its name to Abshiek Corp Ltd as it had made forays into construction business.

Uttar Pradesh makes sewage treatment plants mandatory

Economy

By IANS, Lucknow : The Uttar Pradesh government has directed all district development authorities to ensure installation of sewage treatment plants (STP) in new housing colonies, an official said Wednesday. "The government has made the installation of STP mandatory for all forthcoming housing schemes. The move intends to develop cleaner residential colonies in the state," Lucknow Development Authority secretary Mani Prasad Mishra told IANS.

A national interest-free microfinance society formed

Economy

By TCN News, New Delhi: While the talks and demand for interest-free Islamic banking system is gaining momentum with Muslim clerics and groups holding conferences on the subject in different parts of the country, an all-India level microfinance society called Sahulat Microfinance Society was formed yesterday in New Delhi after marathon discussion among 21 eminent scholars, economists, professionals and social activists drawn from across the country.

Bombay Stock Exchange to launch Shariah index next week

Economy

By TCN Staff Reporter,

RITES’ Mozambique railway project to help meet India’s coal needs

Economy

By Fakir Hassen, IANS Johannesburg : A huge railway project in Mozambique undertaken by Indian government-owned RITES Ltd is expected to help meet demands for coal in India. "Besides the best known coal reserves in the world being in Mozambique, there are also a large number of Indian companies who are showing interest in mining coal in (neighbouring) Zimbabwe because India is in dire need of coal," RITES managing director V.K. Agarwal told IANS during a brief stopover on his way to Mozambique.

Tussar weavers hit by raw material crunch

Economy

By Madhusree Chatterjee, IANS New Delhi : Tussar, the crisp, shining fabric that goes into making saris, jackets and all kinds of apparel for the well heeled, is facing a rough patch on its home turf in eastern India. Weavers in the villages of Bihar, Orissa and Madhya Pradesh are battling a shortfall in the supply of silk thread. The production of cocoons - from which the Tussar silk fibre is derived - has been affected by a combination of natural and manmade factors.

L&T to make world’s biggest coal gasifier plant

Economy

By IANS Mumbai : Construction major Larsen & Toubro ltd (L&T) has bagged a contract valued at 28 million euro ($44.13 million or Rs.1.70 billion) from China, to supply the world's largest and heaviest coal gasifier plant. The Hebi Coal and Electricity Ltd, a subsidiary of Zhongyuan Coal Chemical Industry Group has awarded the contract.

Reliance Jamnagar refinery will cost half that of others

Economy

By IANS, Ahmedabad : The export-oriented Rs.270 billion (over $6.3 billion) refinery that Reliance Petroleum Ltd (RPL) is setting up in Jamnagar will incur half the cost of a similar Greenfield plant anywhere in the world, the company said in its 2007-08 annual report. The report said the Paris-based International Energy Agency estimated the capital cost for new refinery projects to be "well in excess of $20,000 (per barrel) per day".

Citibank manager’s arrest stayed by Supreme Court

Economy

By IANS, New Delhi : The Supreme Court Friday restrained the Chandigarh police from arresting Citibank's local branch manager for allegedly embezzling Rs.11 million and shares worth Rs.16 million from a customer's account. A bench of Justice C.K. Thakkar and Justice L.S. Panta stayed manager Parvinderjit Singh's arrest on an anticipatory bail plea filed by him. The bench also issued notices to the Chandigarh police and complainant Harish Goyal on whose allegations the police lodged the criminal case of cheating and breach of trust against the manager and other bank employees.

MECOM held at BHEL Bhopal unit

Economy

By Pervez Bari, TwoCircles.net, Bhopal: Management Employee Communication Meeting, (MECOM), on “Challenges to execute Order Book commitments” was held here on Saturday at Bharat Heavy Electricals Limited, (BHEL), Bhopal unit. R. K. Singh, Executive Director, BHEL Bhopal, all other GMs and a number of Executives and Employees were present on this occasion. Singh while resolving various issues & problems raised by the employees discussed in detail the national & international business scenario especially in the field of Energy.

A Kashmir store that pickles your imagination

Economy

By F. Ahmed, IANS,

Civil society forums to campaign against hunger, starvation in Bengal

Economy

Kolkata, Nov 15 (IANS) A civil society network on Thursday claimed that starvation was a major problem in West Bengal and said several people's...

Gujarat potato plus McCain Foods is McDonald’s Indian French fry

Economy

By IANS Ahmedabad : Millions of consumers in India munch McDonald's French fry, also called Mac Fry, every day. But many of them might not be knowing that the potato they relish comes from Gujarat, thanks to an initiative by the Indian subsidiary of US multinational McCain Foods. McCain Foods India (MFI) processes and supplies frozen potato products from its swanky $14.6 million plant on the National Highway number 8 that connects Delhi and Mumbai. The plant is located 60 km away from Ahmedabad, enroute to Mehsana.

Government approves printing plastic notes

Economy

New Delhi, (IANS): The Reserve Bank of India (RBI) has been authorised to conduct field trials for printing plastic Rs 10 denomination notes which...

Stray violence in Maharashtra as farmers begin indefinite strike

Economy

Mumbai, (IANS): Minor incidents of violence marred the start of an unprecedented 'indefinite strike' by over half a million farmers in Maharashtra in support...

GST Bills passage fails to cheer Indian equities

Economy

Mumbai, (IANS): The passage of a major tax reform in the country failed to cheer the Indian equity markets on Thursday. The key indices were...

Rahul Gandhi reaches Gwalior to support protesting landless poor

Economy

Gwalior, Oct 6 (IANS) Congress President Rahul Gandhi reached Madhya Pradesh's Gwalior on Saturday to support the protesting landless poor who are marching towards...

Tata to partner Singapore firm for private jet company

Economy

By IANS Mumbai : Singapore-based private jet operator BJets Monday announced that it will partner the Tata Group to set up a private jet company, where aircraft will be partly owned by users. BJets has placed an order for a fleet of 50 new jets worth more than $600 million (Rs.24 billion). However, the company has declined to reveal the size of Tata Group's investment in this venture. The Briley Group is the majority shareholder in BJets. The other significant shareholder is the Indian Hotel Company Ltd (IHCL), a part of the Tata Group.

National Dairy Development Board to manage Assam cooperative

Economy

By IANS Ahmedabad : The National Dairy Development Board (NDDB) has agreed to manage the West Assam Milk Producers' Cooperative Union Ltd (WAMUL) for a period of five years on the request of the Assam government. A tripartite agreement was signed earlier this week at Guwahati between the Assam government, NDDB and WAMUL. The agreement was signed in the presence of Assam Chief Minister Tarun Gogoi, Minister for Cooperation & Cultural Affairs Gautam Bora, NDDB chairperson Amrita Patel, managing director NDDB Deepak Tikku and other senior officials, said a release.

MUSIAD and Muslim Economic Forum India to cooperate in promoting India-Turkey economic relations

Economy

TCN News, New Delhi: A delegation of Independent Industrialists and Businessmen Association (MUSIAD) from Turkey held a meeting with the Muslim Economic Forum India (MEFI)...

Holding scrapped currency notes beyond December 31 ‘illegal’: Centre to SC

Economy

New Delhi, (IANS): Holding scrapped currency notes of Rs 1,000 and Rs 500 after the deadline of December 31 is "illegal", the central government...

Experts urge govt to increase national budget for minorities

Lead Story

Drawing the government's attention to the increasing educational needs of minorities, in view of their educational backwardness, Dr Javed demanded the government to...

India need not fear oil shortage: UAE envoy

Economy

By Aroonim Bhuyan for IANS: New Delhi, July 18: Even as the US-imposed sanctions on Iran has put India's energy security in jeopardy, UAE Ambassador...

Citibank chosen official partner of DLF-IPL

Economy

By IANS, Mumbai : The DLF Indian Premier League (IPL) Friday announced that Citibank has been chosen the official bank of the cricket extravaganza. The deal was signed for five years. Lalit Modi, chairman and commissioner of DLF-IPL, said: "It's a mutually beneficial agreement and the association of Citibank with IPL proves the fact that event is here to stay."

Blue Star buys Naseer Electricals

Economy

By IANS Mumbai : Leading air-conditioning and commercial refrigeration company Blue Star Ltd Thursday said it has completed the strategic acquisition of the businesses of the Bangalore-headquartered electrical contracting firm Naseer Electricals Ltd. Blue Star has bought Naseer Electricals for Rs.420 million, which includes upfront payment, and debt and escrow amount payable on fulfilment of certain conditions.

टीसीएन 2021 : साल भर हम उठाते रहे वंचितों और पिछड़ों की आवाज़,पढ़िए...

Economy

बीते वर्ष, 2021, में कई तरह की बदलती हुई राजनीतिक और सामाजिक गतिविधियां देखने को मिली। इस बदलती परिस्थिति में, हाशिए पर खड़े...

MPJ stages dharna in Mumbai for free food to poor

Economy

By Rehan Ansari, TwoCircles.net, Mumbai: Activists of Movement for Peace and Justice (MPJ) and Ann Adhikar Abhiyan protested outside the Food Corporation of India godown situated in Reay Road, Mumbai on Monday and were demanding to implement the Supreme Court decision of distributing 35 Kg rotting grain to the poor families which are living below poverty line, BPL. Men and women were holding play cards and were in an agitating mood. They were shouting the slogan; “Godamon ke Taale kholo- Anaj garibon ko Muft baanto” open the door of Godown and distribute grains to the poor.”

Prices of fruits skyrocketing during Ramazan in Mumbai

Economy

By Rehan Ansari, TwoCircles.net,

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