News 15 Sep

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Petrol and diesel rates are due for revision today.

July IIP growth falters to 0.5% vs June 3.9% , while August CPI inflation falls to 7.8% vs 7.96% in July.

Government likely to sell 5 percent stake in SAIL in week starting today

Tata Steel is setting up a 55,000 tonne per annum (TPA) ferro chrome plant at Gopalpur in Ganjam district of Odisha and its first unit is expected to start operations by March 2015.

Titan Company Limited. has commissioned its new stainless steel watch case plant on the outskirts of Coimbatore in Tamil Nadu. Set up at a cost of over Rs 75 crore, the new plant will manufacture around one million cases per annum and scale it up to two million cases annually.

ICICI Bank Ltd. has raised $ 500 million (about Rs 3,000 crore) from overseas markets by selling its bonds to fund foreign expansion plans.

Bajaj Electricals wins 8 orders worth Rs 518.5 crore

JSW Steel is in the final stages of negotiations to buy 'part' of bankrupt Italian steelmaker Lucchini.

Fortis Healthcare Ltd has sold its Singapore-based diagnostics business RadLink-Asia Pte Ltd for Singapore $137 million, or Rs.660 crore at current exchange rates.

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