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Mittal close to clinching Arcelor deal
Needs to win at least 50 p.c. of its rival for the bid to succeed

BSNL to act as interconnect hub
Private operators to have national-level Ombudsman, says TRAI Chairman

World Bank calls for consensus on social development programmes
Report analyses 31 `success stories'

DaimlerChrysler launches Actros
The heavy-duty truck will cater to the high-tonnage segment

Godrej group exploring prospects in China
Focus will be on household insecticides and other consumer products; looks for local partner

Other Stories



Barometer


Briefly
Inflation rate breaches 5 per cent mark
NEW DELHI: The inflation rate shot up to 5.24 per cent for the week ended June 10 from the previous week's 4.72 per cent mainly due to spurt in the prices of fuel, food and manufactured ...

Draft policy on investment regions
NEW DELHI: The Union Government is preparing a draft policy for Special Investment Regions that will be spread over an area of hundreds of square kilometres and offer investors all the infrastructure for setting up manufacturing units, Minister ...

Draft regulations for CAS Areas
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Friday released the proposed draft regulations on quality of service in areas where the Conditional Access System (CAS) is to be introduced following the Delhi High Court order. ...

Tata Steel to construct smelter in S. Africa
DURBAN: Tata Steel has been given the go-ahead to build a carbon ferrochrome smelter in South Africa after a provincial government concluded that its construction would not cause any environmental damage. ...

Forex reserves up $157 m
MUMBAI: India's forex reserves increased by $157 million to $163.033 billion during the week ended on June 16, from $162.876 billion during the previous week. ...

Aptech enters aviation training sector
NEW DELHI: Aptech has entered the fast growing aviation training sector with the acquisition of the Pune-based Avalon Aviation Academy. The academy provides training for the aviation and hospitality industry for cabin crew, ground staff, flight ...

Videocon pact with GAIL
MUMBAI: Videocon Industries has entered into a memorandum of understanding (MoU) with GAIL India (GAIL) for co-operation and working together for bidding for petroleum exploration and extraction blocks in India and abroad. The terms of the MoU ...

`Eco-friendly' bleaching system for garment units
COIMBATORE: Envirolyte Aquasolution Pvt. Ltd. - India has introduced electro chemical activation technology for the bleaching units in this region. According to a release from AAA Associates, who represent the company in this region, this ...

Nitin announces financial closure for expansion
CHENNAI: Nitin Spinners has announced the financial closure of its Rs. 208 crore expansion plan. The funds requirement of Rs. 135 crore has already been sanctioned by IDBI, PNB, SBI, OBC and IOB. According to a release, the expansion is financed ...

Blue Bird files draft prospectus
CHENNAI: Blue Bird (India), manufacturer of paper-based notebook and stationery products with a presence in western and southern India, has filed its draft red herring prospectus with SEBI to enter the capital market. According to a release, the ...

Actis ties up with Schneider Electric
CHENNAI: Actis Technologies has tied up with Schneider Electric for launching Clipsal's C-Bus system, an intelligent home and office lighting control solution. The system can be installed in stages throughout a home. Customers can also change and ...


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