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Editor's Desk South Korean steel major Posco is mulling to set up a $1 billion greenfield steel processing facility in Maharashtra. The steel giant is negotiating for land acquisition with the Maharashtra Industrial Development Corporation (MIDC) for a phased investment in industrial estate in Raigad district. The location is in proximity of Delhi-Mumbai industrial corridor as well … Read more Posco to infuse $1bn greenfield plant in Maharashtra
India’s banking regulator Reserve Bank of India (RBI) on Thursday announced a series of measures aimed at providing greater support to banks as well as the industry on forex loans. Among others, the measures include extending the forex swap facility to Indian public and private sector banks having overseas operations to March 31, 2010 from … Read more RBI takes measures boost forex credit markets
Dr. Reddy’s Laboratories has floated five products in the US market during January, 2009. The products are Levetiracetam tablets (250mg, 500mg, 750mg and 1000mg), Omeprazole capsules (40mg), Lamotragine CD chewable tablets (5mg and 25mg), Divalproex capsules and delayed release pellets (125mg) and Lamotrigine tablets (25mg, 100mg, 150mg and 200mg). The company has posted a 145.14% … Read more Dr. Reddy’s rolls out five products in US during Jan’09
Tata Communications, a leading provider of a new world of communications, announced today that it has successfully completed trials of its wireless IP interconnection technology, part of the international GSM Associations program to develop the next generation of wireless services. The Tata Communications trial verified its IP eXchange framework can interconnect wireless networks over IP, … Read more Tata Communications succeeds in GSMA IP eXchange Trial
The government-appointed board of directors of the crisis-ridden Satyam Computer Services has appointed the company’s global business head AS Murthy as the company’s chief executive officer (CEO). This apart, Partho Datta and Homi Khusrokhan have been appointed as ‘special advisers’. This apart, an unnamed has sanctioned working capital requirements worth Rs 600 crore.
Highlights- The real estate firm, Orbit Corporation posted a consolidated total income of Rs 48.28 crore during the quarter ended December 2008 as compared to Rs 223.64 crore during the corresponding quarter of the previous year. The consolidated net profit during the quarter declined by 95% to Rs 3.02 crore. The standalone net sales fell … Read more Orbit Corporation – Plans to restructure Rs 200 crore NCD