Editor's Desk

China copper purchases may trigger deficit: CICC

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Copper purchases by China to boost stockpiles may flip the global market from surplus into deficit this year, boosting prices already underpinned by stimulus spending, according to China International Capital Corp. China’s State Reserve Bureau may raise purchases to 1 million metric tonnes from 600,000 tonnes. The purchases “would easily turn a global surplus of … Read more China copper purchases may trigger deficit: CICC

GIC to introduce portable health insurance policy

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The General Insurance Council (GIC) has drafted a common portable mediclaim policy which states that a customer cannot continue the benefits if he migrates from a common portable mediclaim to another health insurance product. The policy, currently awaiting clearance from the Insurance Regulatory and Development Authority (IRDA), also states that the insured cannot continue the … Read more GIC to introduce portable health insurance policy

GMR Hyderabad to set up an international cargo hub

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GMR Hyderabad International Airport is planning to establish an international transshipment cargo hub with an investment of Rs 100 crore. The GMR group had already announced the setting up of a perishable cargo centre to provide logistics support to cargo connecting South East Asia, West Asia, Europe and the US. The proposed hub will be … Read more GMR Hyderabad to set up an international cargo hub

ICSA India bags contract worth Rs 464.17 crore

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ICSA India has secured work orders for a total contract value of Rs 464.17 crore from Bihar State Electricity Board, Maharashtra State Electricity Distribution (Mahavitaran) and M P Poorv Kshetra Vidyut Vitaran. The company caters to two business segments viz; software services and products and projects related to power sector that includes electrical power, oil, … Read more ICSA India bags contract worth Rs 464.17 crore