NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.
Regions
Crews rush in cleaning up a former California nuke lab
The crews of Boeing, US Energy Department and NASA have been spread across a Cold War rocket test site to clean up and prevent contamination.
Sales of Petrol cars increase in India
Car manufacturers increased production as rise in sales of petrol driven cars in India continue. In India, demand for petrol cars increased after a 25-month hiatus.
Google outage lasts for minutes, Microsoft goes down for days
Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.
Fonterra counters Sri Lanka ban on dairy
Fonterra negated the Sri Lankan ban of the company's dairy products. Top dairy exporter, Fonterra of New Zealand, cried foul over the banning of its products in Sri Lanka last Friday.
Latest News
Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.
JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.
The Edwards Group;s purchase price was pegged at GBP1 billion for Atlas Copco. In a report from Sky News, it was revealed that the Edwards Group, which is based out of Sussex, is the subject of a GBP1 billion takeover bid.
Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.
China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.
A number of Americans filing jobless claims fell to a near six-year low last week following the increase in consumer prices last July.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.
