Editor's Desk

Tata Steel Group – Consolidated quarterly and nine months ended results

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Apr- Dec FY’09 Production / Deliveries During the nine months under review Incase of Tata Steel India the total production was 3.75 Million tones which was 4.5% higher when compared with corresponding period last year while the total deliveries was 3.45 million tonnes which was 1.4% lower when compared with corresponding period last year. During … Read more Tata Steel Group – Consolidated quarterly and nine months ended results

Global degrowth to stretch end-09 bottom out – Merrill

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Looking ahead, we think the Indian economy’s bottoming, but bottom out – 7.1% FY11 growth (7.5% earlier) – will likely stretch end-09. This assumes the G-3 stabilize 2H09: ECB likely cuts 50bp Thursday. Merrill expect continued intervention against contagion from Asian fx volatility. Expect a 50bp cut by April. Given INR volatility, the RBI might … Read more Global degrowth to stretch end-09 bottom out – Merrill

Tata Communications – Etisalat enterprise network services for UAE

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Etisalat, and Tata Communications, a leading provider of the new world of communications and a part of the $62.5 billion Tata Group, today jointly announced the launch of enterprise network services, enabling to offer a range of dedicated Ethernet services to the customers seeking connectivity in the UAE and globally. The partnership enables Etisalat to … Read more Tata Communications – Etisalat enterprise network services for UAE

Universal Sompo to launch credit and weather insurance products soon

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Universal Sompo General Insurance, a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Sompo Japan Insurance and Dabur Investments, is planning to focus on big and mid-sized corporates and farm sector by launching products in the credit and weather insurance segments. The company is currently developing products for these segments and is likely … Read more Universal Sompo to launch credit and weather insurance products soon

Hindustan Dorr wins order from HPCL-Mittal Energy

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Hindustan Dorr Oliver has won order from HPCL-Mittal Energy for engineering, shop & site fabrication, transportations and supply of process pressure vessels weighing from 50 MT to 250 MT each. The order is valued at Rs 24 crore and is scheduled for completion within a period of 12 to 14 months. Recently, the company bagged … Read more Hindustan Dorr wins order from HPCL-Mittal Energy