Tata Steel accepts $130-mn to settle UK plant loss
Tata Steel’s arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract. The termination had plunged Tata’s Teesside Cast Products (TCP) unit in northeast England into losses, leading to partial closure…
India-Thailand bilateral trade expected to go up to $10 bn by 2012
Bilateral trade between India and Thailand is expected to go up to $10 billion by 2012, a Thai envoy here said Thursday. “Currently bilateral trade between India and Thailand stands at $5.6 billion. Bilateral trade between the two countries is expected to go up to $10 billion by 2012,” Sukoom…
Indo-Thai trade to touch $1 bn in 2011
Bangalore: The bilateral trade between Thailand and India would touch $1 billion in 2011, said Chanchai Charanvatnakit, Thai Council general in India.Last year the bilateral trade between the two countries stood at $ 850 million with a majority of transactions coming from the sectors like pharmaceutical, plastic, construction materials and…
Thai Indian entrepreneur’s wealth soars by 252%
The ongoing political turmoil in Thailand has apparently not prevented the kingdom”s richest people from getting richer.The biggest gainer in percentage terms is longtime Thai Indian resident Aloke Lohia. His wealth soared by 252 percent when he took his integrated polyester company, Indorama Ventures, public earlier this year. This son…
India will need 1,150 planes worth $130 bn: Boeing
Major aircraft manufacturer Boeing revised upwards its market outlook for India saying the country would require 1,150 planes worth $130 bn over the next two decades. The company, which had earlier estimated that 1,000 planes worth about $100 bn would be required in the country in the same period, revised…
As India’s stock markets hit two-year highs this week, Chinese stocks are losing money — and how
This year Bombay Stock Exchange’s Sensex is up almost 3% through the end of Wednesday, while China’s benchmark Shanghai Composite Index is down 25%, putting India ahead by a whopping 28 percentage points. So, why this stark differentiation between the stock markets of the world’s two largest emerging countries? (more…)
Philanthropy: Sunil Mittal building 550 schools to educate 1 lakh children
Gurbheg Singh, a teacher at the Sathya Bharti School in Khanpur village in Punjab, remembers Harpreet Kaur as a shy little girl. She spent the early minutes of her first day at school in 2007, fiercely determined not to come out of hiding from behind her father’s legs. Singh had…
To avoid chaos, IGI Terminal 3 operations to be shifted in one go
New Delhi: The inauguration of Terminal 3 from next month will make life easier for flyers. Unlike last year when domestic airlines started migrating to new departure terminal 1D in phases in mid-July, this year all the designated airlines will shift operations to T3 not in a phase-wise manner…
India targets double digit growth in 2012
India has set an ambitious target of making 2012 the year of double digit growth even as it grapples with the twin problems of mounting deficit and rising inflation. “India is back on a high growth trajectory,” finance minister Pranab Mukherjee said in a presentation here Monday to the Institute…
More South Asia FTAs eyed
Deputy Commerce Minister Alongkorn Ponlaboot yesterday began a four-day visit to India to discuss ways to expand free trade with countries in the Bay of Bengal region.The government hopes to revive free trade talks that have been stalled since June last year, said Mr Alongkorn, who will visit New Delhi,…