Sesa Goa secures 9.5% price hike from Japan

Saturday, March 17, 2007, 17:10 [IST]

New Delhi, Feb 23 (UNI) Country's top private iron ore producer Sesa Goa Ltd has secured a price increase of 9.5 per cent for all its products from Japanese customers for the year 2007-08 over 2006-07 prices.

The decision has been taken after the acceptance of Japanese steel mills to increase the price of Australian iron ore for the year 2007-08, a company statement said today.

Arcelor Mittal, the world's largest steel maker, is in the fray to acquire Sesa Goa for about one billion dollar.

UNI

Topics: STEEL-SESA GOA-JAPAN

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Budget Session in Kerala to begin on Mar 2

Saturday, March 17, 2007,17:10 [IST]

Thiruvananthapuram, Feb 22 (UNI) The Budget for the next fiscal in Kerala will be presented in the State Assembly by Finance Minister Thomas Issac on March nine. An official release said the 20-day Budget Session would begin on March two with a customary address by Governor R L Bhatia. Vote on Account for the first four months of the year 2006-07 would also be presented. Three days would be devoted to the general discussion of the budget, while Vote on Account.....

Bombay Rayon acquires UK-based DPJ Clothing for $2.90 mln

Saturday, March 17, 2007,17:10 [IST]

New Delhi, Feb 23 (UNI) Bombay Rayon Fashions Ltd, a leading manufacturer of fashion fabrics and garments, has acquired the UK-based DPJ Clothing Ltd for 2.90 million dollars. With the acquisition of 70 per cent of total capital of DPJ Clothing Ltd, it has become a foreign subsidiary of Bombay Rayon, a company statement said today. ''We will be able to expand the customer base in the European region for our designer garments and also get the headway for.....

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Left gives green signal to ADB loan

Saturday, March 17, 2007,17:10 [IST]

Thiruvananathapuram, Feb 22 (UNI) The ruling Left Democratic Front (LDF) in Kerala today decided to take the Asian Development Bank loan for urban development in the state. ''The LDF in its meeting today decided to recommend the government to go for the ADB loan after brining in certain changes in the earlier agreement signed between the previous Congress-led United Democratic Front government and the bank,'' LDF convenor Vaikom Vishwam told reporters here. He also noted that the MoU between the LDF.....

State Bank of Patiala hikes Interest for FDs to 9.50%

Saturday, March 17, 2007,17:10 [IST]

Patiala, Feb 23 (UNI) State Bank of Patiala today hiked the Bank's fixed deposits rates under the Platinum Deposit Scheme with effect from today. For fixed deposits of three years and above, the Bank will now pay 9.75 per cent instead of 9.25 per cent for senior citizens while for General public, the interest rate will be raised to 9.50 per cent from nine per cent. Minimum deposits under this scheme was Rs 25,000, an official statement said here. UNI.....

Mixed reaction on budget

Saturday, March 17, 2007,17:10 [IST]

Kochi, Feb 28 (UNI) The Kerala Chamber of Commerce and Industry today lauded the Union Budget 2007-08 for its initiatives in agricultural sector but took exception for inadequate consideration to check inflation. In a statement here, Chamber President E S Jose said the budget, which was presented by P Chidambaram, gave preference to agricultural sector and farm workers but has not given adequate consideration to check the price rise except the proposal for exempting the essential commodities from future trade. The.....