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Popular Articles

Sebi seeks action against RIL in share issue case
Market regulator Securities and Exchange Board of India (Sebi) has asked the government to consider appropriate action against Reliance Industries (RIL) for allegedly routing funds to dummy companies for buying large quantity of its shares in the year 2000.

Govt formally issues EGoM decision taken last month on KG-D6 allocation
Ten power companies, including NTPC, Ratnagiri Gas and Power Pvt Ltd (RGPPL), Lanco and GMR Energy, will get KG-D6 gas in the second round of allocation decided last month, confirmed a government release issued on Monday. The decision has been reported already. Reliance Industries Ltd (RIL), operator of the D6 block in the Krishna-Godavari basin, will also be getting gas for consumption at its refineries and petrochemicals business, as well as for its captive power plants.

News of the day

Subir Roy: A nation in the making
This is a story at two levels, as all good stories are — at a personal and an anecdotal on one hand and an official and ‘history in the making’ on the other.
Business Opportunities

SAIL Chairman appointed member of WSA council

State-owned Steel Authority of India (SAIL) today said its Chairman Sushil Kumar Roongta has been appointed a member of the Executive Committee of the World Steel Association, which comprises of CEO"s of top global steel companies. - SAIL Sales up 14% in Q2 - SAIL "steels" the show, tops world in profit stakes - Sail up on Chiria ore settlement - SAIL sales sail ahead 14% in Q2 - Jharkhand ore settlement even more favourable to SAIL - SAIL to import 11 mt of coking coal in 2009-10 "SAIL Chairman S K Roongta has been appointed member of the Executive Committee of the World Steel Association (WSA)," the steel maker said in a statement here. The company said Roongta is not only a chief executive of an Indian firm to be in the committee, but is also the first SAIL Chairman to be appointed to the post. The WSA announced the names of its new Executive Committee members at its annual board meeting held in Beijing yesterday, it added. The Council is responsible for discussing and formulating policies for the global steel industry. The Association represents as many as 180 steel producers, including 18 of the world"s 20 largest companies. SAIL had reported a net profit of Rs 2,813 crore during the first half of 2009, which the company said is the highest among its global peers.


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