business

Nagarjuna Construction wins orders worth Rs 712 cr

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Nagarjuna Construction Company has won four new orders amounting Rs 712 crore. The company bagged an order for blast hole drilling, controlled blasting and other works from Singareni Collieries Company. This order is valued at Rs 360 crore and is scheduled for completion within 72 months. The company won an order worth Rs 161 crore … Read more Nagarjuna Construction wins orders worth Rs 712 cr

MCX gold-silver futures trade down on profit booking

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MCX gold-silver futures opened lower on profit booking and strong dollar. Traders opined that the financial uncertainty continues so investors are taking profit from higher levels. MCX gold futures for April delivery traded down by Rs 79, to Rs 14,102 per 10gm with a volume of 2,690 lots. While, the March contract moved down by … Read more MCX gold-silver futures trade down on profit booking

Tata Motors steps up recruitment at Jamshedpur plant

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Sensing a demand picking up in the near future, the Tatas-controlled commercial vehicle (CV) giant Tata Motors has inducted around 1650 temporary workers at its CV plant at Jamshedpur. The company has last year laid off 700 temporary workers at the CV facility in view of a setback in demand. The recruitment follows decent sales … Read more Tata Motors steps up recruitment at Jamshedpur plant

TRAI to come up with promoters lock-in period this month

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Apex body Telecom Regulatory Authority of India (TRAI) will submit its recommendation on lock-in period requirements of promoter’s equity for Unified Access Service (UAS) licensees this month to the Department of Telecommunication (DoT). The body has completed the consultation process and will submit its recommendations in the next two to three weeks. DoT has a … Read more TRAI to come up with promoters lock-in period this month

Govt to frame anti-consumer vehicle repossession guidelines

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The government is contemplating to frame new guidelines for repossession of vehicles by banks and financial institutions in case of delinquencies by borrowers. In recent times, the interlinking conflict between the auto industry and the banking industry has emerged as the banks have become reluctant and tightened their procedures for vehicle financing impacting impacted auto … Read more Govt to frame anti-consumer vehicle repossession guidelines

Essar Steel 6 mtpa mega steel plant in Bagalkot Karnataka

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Essar Steel has decided to make an investment of Rs 17,760 crore to set up a 6 mtpa mega steel plant at Bagalkot in Karnataka. The state government has granted its approval in this regard. Essar Steel has asked the Karnataka government to lease an iron ore mine for continuous supply of the raw material. … Read more Essar Steel 6 mtpa mega steel plant in Bagalkot Karnataka