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SEBI to reform IPO process, make disclosure norms effective
Thursday, January 12, 2012

New Delhi: Capital markets regulator SEBI said today it will reform the initial public offer (IPO) process and ensure that disclosure norms are made effective as the Indian financial markets undergo radical reforms to become globally competitive.

“We are looking at every ...

Mali signs second line of credit with Exim Bank of India
Thursday, January 12, 2012

New Delhi: The mineral-rich west African nation of Mali today signed a 100 million dollar line of credit with the Exim Bank of India for transmission of power from neighbouring Cote d'Ivoire to the capital city of Bamako, visiting president Amadou Toumani Toure said today.

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“Multilateralism is Key for World Food, Energy and Health Security”: Anand Sharma
Thursday, January 12, 2012

Hyderabad: “Only multilateralism at regional and global economic partnerships can guide the world to correct historic imbalances to achieve global economic growth and to bring larger benefits such as food, energy, and health security, and climate change management,” said Mr Anand...

CII organized Workshop on Corporate Social Responsibility
Thursday, January 12, 2012

New Delhi: Corporate Social Responsibility (CSR) is defined as ethical behavior of a company towards the society in the form of a global programme. Corporate  sustainability practices as a concept is evolving in business. The journey has been a long one from a focus on corpo...

Growing urbanisation a big challenge; Need to develop satellite cities: Kamal Nath
Thursday, January 12, 2012

New Delhi: Speaking at the valedictory session of the 11th Auto Expo in Delhi, Mr. Kamal Nath, Minister of Urban Development, congratulated CII, SIAM and ACMA on successfully organizing the exhibition. He said he was delighted to see the increasing vitality in every expo and chan...

Andhra Pradesh: 3-day Partnership Summit, 2012 inagurated at HICC, Hyderabad
Thursday, January 12, 2012

Hyderabad: The 3-day Partnership Summit, 2012 being held at HICC, Hyderabad from January 11-13, augurs well for the State of Andhra Pradesh going by the number of foreign delegations and their enthusiasm to invest in varied fields in the State. The Chief Minister, Mr.N.Kiran Kuma...

Odisha: IFS officer Deepak Mohanty appointed new director of mines
Thursday, January 12, 2012
Bhubaneswar:  The state government has appointed 1986-batch Indian Forest Service (IFS) officer Deepak Mohanty as the director of mines.

For the first time, a direct recruit IFS officer will be taking charge of the Directorate of Mines when this sector is facing a t...
POSCO to bring FINEX technology for Odisha steel plant and JV with SAIL
Wednesday, January 11, 2012
New Delhi: The Steel Secretary, Mr. P. K. Misra, today admitted that land availability for mega green-field projects will continue to nag promoters till a “widely acceptable policy for Rehabilitation and Resettlement (R&R) which has the acceptance of States emerges.” A Bill on R...
MMDR BILL 2011 to disincentivise investment in mining: FICCI to secretary- mines Vishwapati Trivedi
Wednesday, January 11, 2012

New Delhi: In an interactive meeting with Shri Vishwapati Trivedi, Secretary, Ministry of Mines on MMDR Bill, FICCI today expressed its unhappiness over the current Bill. FICCI emphasized the need for reviewing the provision of contribution of 100% royalty in case of non-coal min...

Rupee depreciation to cost additional Rs. 66K crore, power cos. to incur huge losses: ASSOCHAM
Wednesday, January 11, 2012

New Delhi: Nearby 18% of rupee depreciation between May and December 2011 has added additional rupee cost of imports to the nation by Rs. 66,000 crores despite decline in the global prices of two major imported products crude oil and thermal coal according to the ASSOCHAM study o...

Odisha: JSPL to hold 60 percent stake in GPL to develop Gopalpur port
Wednesday, January 11, 2012

Bhubaneswar: Jindal Steel & Power Limited (JSPL) to hold 60 percent stake in GPL to develop Gopalpur port. The New Delhi-based Sara International Limited (SIL) has left the consortium constituted to set up an all-weather private port at Gopalpur in Orissa’s Ganjam district. S...

Naveen Jindal meets Odisha Chief Secretary over CTL project
Wednesday, January 11, 2012

Report by Suchismita Sahoo; Bhubaneswar: The Executive Vice-Chairman and Managing Director of Jindal Steel and Power Ltd, Naveen Jindal, on Tuesday meets Odisha Chief Secretary over CTL project. After the meeting he said to media that his company would set up a first-of-its-kind ...

Odisha: Dhamra Port turns a hit at MSME Trade Fair in Angul
Wednesday, January 11, 2012
Report by OrissaDiary.com correspondent; Angul: At the ongoing MSME Trade Fair at Nalco Exhibition Ground in the industrial town of Angul, the exhibition stall put up by the recently inaugurated Dhamra Port has caught the attention of the people visiting the trade fair. The three da...
ASSOCHAM welcomed government’s announcement to allow 100 per cent FDI in single brand retail
Wednesday, January 11, 2012

New Delhi: Industry body ASSOCHAM welcomed the government’s announcement to allow 100 per cent foreign direct investment (FDI) in single brand retail, saying it will lead to more choices for consumers, encourage domestic industry to become more competitive and improve inflows fro...

Grant infrastructure status to airports, classify jet fuel as declared goods: ASSOCHAM
Wednesday, January 11, 2012

New Delhi: Industry body ASSOCHAM today called for granting infrastructure status to airports besides classifying aviation turbine fuel (ATF) and cement as declared goods to bring a uniform tariff structure across the country.

This will facilitate emergence of airports as...




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