Mohit Sharma
Menguphrezo
Mohd. Aamir
Group - 13 (Section - F)
1)Panel majority for scrapping eco nod to Posco's Orissa project -
Three members were of a govt. Panel proposed to review green clearence to its steel project in orissa and have recommened that “final forest and envirnment clearences be rewoked forthwith”. South korien steel maker proposes to set up a 12million ton per year intigrative steel plant and a captive port in orissa with an estimated investment of Rs.54,000 cr.
In a joint report of three members felt the MoEF shouldn't have granted environmental clearence on the basis of rapid EIA report. In a seperate report Ms. Gupta stressed the need for more comprehensive impact assessment but was against rewoking existing clearences immidiately.Now both the reports by the commity felt that provision under the forest rights act are posco's plant relooked by the orissa govt.
Biocon, Pfizer in $350-million insulin marketing deal -
Biocon ltd signed a mega marketing deal with the world's largest drug maker Pfizer yesterday to globally commercialized four of its insulin bio similar products in it. The deal would sweep a global market worth $14million. Pfizer will upfront pay $2million for the exclusive world rights.Biocon can also get an additional $150 million as development and regulatery mileston payments.
IT/BPO, auto sectors lead hiring urge in april-june :-
By strong empyoment trends in IT/BPO and the automobile sector overall employment across 8 manufacturing sector perked up an incremental 1.62 lac during the quarter.The latest survey report a maximum increase of 1.29 lac in employment in IT/BPO sector 0.51 lac in automobile sector and 0.45 lac in metal industry.
4)Coal india public issue subscribed 34% :-
Rs.15,000 cr. Initial public offering of coal india was subscribed 0.34 times on monday the 1st day of issue and it is a fairly good response. Of the 63.1 cr shares on offer the issue recieves bits for 21.3 cr. Shares according to N.S.E. Anaylist says that most of the bids will be coming on the last day and the response is encouraging although the coal issue was subscribed only 0.34 times and didn't do an NHPC or RELIANCE POWER on the 1st day.The coal india issue will close on oct.20 and retail portion will close on the next day.
5)Apex court stays sterlites tamilnadu plant closure till mid dec.:-
The apex court issues noticed to the centre the tamilnadu govt. And the state pollution control board regarding copper smelter at Tuticorin in southern tamilnadu directing them to reply them with in 2 weeks.The apex court was hearing a petition file wise sterlite the countries largest copper producer, against a sep.28th order of madras high court to immideaitely shut the smelter for violating pollution control and environmental regulation Serlite complains that the it had compiled with the green norms and opposes charges on contamination.Now the next hearing will be on mid dec.
6)Airbus military's arm in pact with mahindra for IAF contract:-
Airbus military subsidiary in poland,PZL, has entred into a initial MoU with mahindra and some other indian companies to meet the offset obligation of an indian air force contract the tender is for 75 aircraft with the first 12 being assembled in the facility of the counrty that wins the contarct while rest will be assembled in india.
Adani starts an australia operation:-
Mr. Gautam adani executive chairman and founder of Adani group announced that they are going to invest $6.9billion on mine,rail,ports projects in queensland australia.The investment in australia represent the largest investment in australia by any indian co. And important bench mark investment in low rank thermal coal assets.Additinally the Adani group would explore opportunities for down stream value additions including UCG and CTL technologies “within the framework of govt. Policy”.
Ambuja cements shuts Himachal units:-
Ambuja cements has stopped production at its Himachal pradesh unit
due to the transport strike the co. Informed the BSE that there was a transport strike by a transport union at its Sule and Rauri plants in himachal pradesh since oct.7.The co. Shares were down 1.3% at Rs.137 on monday.
9) MMTC pays dividend of Rs. 44.7 cr. :-
The public sector metal and mineral trading major MMTC have presented a dividend cheque of Rs.44.7 cr. Towards 90% dividend for the financial year 2009-10.
MMTC has achieved the highest ever profit after tax of rs. 216 cr. With turnover of Rs.45124 cr during the financial year 2009-10.
10) KITCO registers 25% growth in turnover:-
KITCO ltd. co. Has registerd 25% growth in its turnover for the financial year 2010 as the figures had crossed Rs. 20 cr. From that of previous year the co. Through the involvement in developing several infrastructure in the state of kerela was awarded with the preparation of retail project report and project management consultancies for the vytilla mobility hub in kochi. The co. Has also been awarded with the construction of 5 ROB's by the roads and bridges cooperation of kerela
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