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Hike excise duty on steel, but in phases
Steel Authority of India Limited (SAIL) chairman Sushil Roongta was in Beijing in October for induction in the hallowed committee of the World Steel Association now chaired by Lakshmi Mittal. Being an astute business diplomat, he made use of the visit to find out what China was going to do with its rapid steel capacity build up and production.

Mahindra Renault clarifies on 'Sandero' brand
Clarifying on the issue Nalin Mehta, CEO, Mahindra Renault has said.

News of the day

Spices exports to cross $1 billion: Kurien
Spices exports from India will cross the $1-billion mark in the current financial year, according to VJ Kurien, chairman of the Spices Board.
Public Relations

DCI gets PIB clearance for three dredgers worth Rs 1,722 cr

Dredging Corporation of India Ltd has received approval for purchasing three dredgers worth Rs 1,722 crore from the Public Investment Board. Sensex ends up 35pts "The proposal will be forwarded to the Cabinet Committee on Infrastructure for approval," he said. Srivastava said the government desired at least one dredger to be built in any Indian shipyard with technology transfer from an international company. "IHC Holland has been selected for the three dredgers. But, if the company does not agree for technology transfer to any Indian shipyard then we will order only 2 from them," Srivastava said. DCI has 12 dredgers of which some were 30 years. In the 11th plan period, over 600 million cubic metres of dredging was targeted in all ports.


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