business

Copper futures rose after the index of US leading economic indicators rose in May, raising hopes that the global recession may be near a bottom. The indicators index for the world’s biggest economy advanced 1.2% in the six months through May, following a 1.1% gain in April, the biggest back-to-back gains since 2001, the New … Read more Copper gains on speculations of a revival in the US economy

One of the leading sugar manufacturer, Shree Renuka Sugars will expand its existing sugar refining capacity of its Athani unit located at Karnataka. The company plans to increase from its present capacity of 1,000 tonne per day (tpd) to 2,000 tpd. The company plans to set up sugar refining capacity of 1000 tpd at its … Read more Shree Renuka Sugars to expand its existing sugar refining capacity

India’s leading mobile service provider, Reliance Communications(Rcom) is in talks with Alcatel-Lucent to manage its 70,000-80,000 kmof fibre optic cables across India. This outsourcing deal is consideredto be worth $500 million. If the deal is struck, Rcom will be becomethe first Indian telecom company to outsource the management of itsoptic fibre cable business. Reliance Communications … Read more Rcom in talks with Alcatel-Lucent to manage its fibre optic cables in India

As a major stakeholder in the KG basin gas, the government is expected to intervene in the RIL vs RNRL case as the as the Bombay High Court (BHC) order has led to a fix on its gas utilization. The government is expected to earn nearly $9 billion from RIL as part of its profit … Read more Govt to intervene in RIL-RNRL tussle

First Global in a report on Indian Real Estate said, Our channel check shows the demand scenario in the real estate sector remains grim. This could primarily be due to low consumer confidence that can be attributed to the uncertain economic environment, fear of job losses, excess supply of commercial space and falling rentals which … Read more Few signs of a demand recovery in Real Estate – Shankar Sharma

With much discourse in the air on reintroducing investment allowance for companies going with new projects or building productive assets for expansion, the finance ministry is is gathering arguments from different sections. The ministry is itself in a fix over the proposal and has sought industry consultation over implementation of investment allowance. As per the … Read more Finance Minister in fix over investment allowance to cos