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AP The IMG on coal blocks, which met for two days on February 7 and 8 reviewed the progress of development of 61 coal blocks. File photo An inter-ministerial panel has recommended de-allocation of 29 coal blocks of companies such as Essar Power,
Hindalco Industries and Nalco Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia.
The benchmark Sensex tanked about 305 points to its lowest close in over 10 weeks on Monday on across-the-board selling in blue chips, amid weak global cues and worries after the U.S...The Sensex dropped 304.59 points, or 1.48 per cent to end at 20,
Shares in Hindalco Industries Ltd fell 1.2 per cent after its global peer Alcoa Inc , the largest US aluminium producer , reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment
Sliding for the fifth straight day, the BSE Sensex today wiped out initial gains to end 94 points down at its lowest levels in three weeks on a bout of late selling in bluechips including Infosys, RIL and Tata Steel. The Bombay Stock Exchange 30-
Boxes of Kellogg's cereal are stacked in a supermarket in New York in this April 29, 2008 file photo. Market View economy Video Reynolds manufactures a competing product to Alcan foil called Reynolds Wrap, and employees worry the U.S-based consumer
The CBI, probing the coal blocks allotment scandal , has handed over to the Supreme Court a "diary" it recovered from the offices of the Aditya Birla Group that lists an estimated 1,000 payments purportedly made to politicians and MPs of several
The Central Bureau of Investigation (CBI) on Tuesday filed FIRs against industrialist Kumar Mangalam Birla and former coal secretary PC Parekh for alleged irregularities and criminal conspiracy in allocation of two coal blocks in Orissa in 2005.
Indian stocks retreated for a second day, led by industrial and consumer companies, amid speculation a rally in crude oil to a five-week high will stoke inflation. ITC slid 2 per cent, sending a gauge of consumer goods companies to a two-week low.
It is not fair for me to comment on that," Birla said after meeting Finance Minister P Chidambaram. Aditya Birla Group head Kumar Mangalam Birla , who is named in the FIR in the alleged coal block allocation scam , said the CBI should be allowed to