business

Edelweiss Mutual Fund floated Edelweiss Diversified Growth Equity (E.D.G.E) Fund-an open ended equity scheme. The new fund offer (NFO) is open for subscription from May 4, 2009 to May 8, 2009. The Scheme offers three plans i.e. Plan A, Plan B and Plan C with common portfolio. These plans will have dividend (reinvestment, payout and … Read more Edelweiss MF floats E.D.G.E Fund

As per ministry of statistics & programme implementation (MoSPI) data, half of the ongoing projects in the steel sector, costing nearly Rs 100 crore or more, are lagging behind schedule as of February-end, even as the government is pushing hard for speedy execution of infrastructure projects to boost the sagging economy. MoSPI data shows a … Read more Steel projects worth over Rs 44K cr behind schedule

Tata Steel is considering re-bidding for a $1.6 billion iron ore mine in Liberia in a response to the Liberian government’s invitation. The Indian steel giant was barred from bidding in the Western Cluster as it was found allagedly voilating the norms, but later on Liberian government set aside the allegations. The Western Cluster has … Read more Tata Steel considering to re-bid for Liberian mine

The BPO arm of Wipro Technologies is planning to induct 1,200 new employees at its Hyderabad unit in next six months. The unit has current bench strength of  around 3,000. The new recruitments will be mainly from Andhra Pradesh and the rest from other states in south and north India and 40% of employee’s salaries … Read more Wipro BPO Hiring 1,200 at its Hyderabad facility

Man Industries, one of the leading manufacturers of large diameter pipes in India, has has emerged as winner for a prestigious order from the Middle East for Rs 1,340 crore. The order will be completed in this financial year. The company has also emerged as lowest bidder for the orders worth Rs 1,100 crore in domestic … Read more Man Industries wins prestigious order from Middle East