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SAIL cuts India's FY12 steel demand outlook

SAIL to set up five steel processing units in UP
The SPUs would come up in joint venture with Supreme Alloys Ltd. To boost rural steel consumption in Uttar Pradesh, Steel Authority of India Limited (SAIL) is setting up five steel processing units (SPUs) in the state. The SPUs would come up at Barabanki, Lakhimpur, Jhansi, Hardoi and Mirzapur in joint venture with Supreme Alloys Limited. Boldest predictions for 2012 The agreement to set up SPUs

Sensex up marginally amid cautious trades

Amid alternate bouts of buying and selling in blue chip stocks, the market is having a choppy ride this morning. Though global cues are positive, the mood is somewhat cautious on the Indian bourses

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Ex-Axis PE chief Gupta joins Gerken Cap

Mounting interest from global private equity firms to set up presence in India brings more opportunities for local PE veterans. The latest is Alok Gupta, former CEO at Axis Private Equity Ltd,

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A Rs 100000-crore bill no one's talking about

The private sector has been bitterly complaining about the logjam in permissions and approvals, resulting in delayed projects. While private capital has no doubt suffered as have investors, the

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A Rs 1,00,000-cr bill no one's talking about
An avalanche of delayed projects has meant huge cost overruns where the taxpayer is left to foot the bill.

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Input crisis hits sponge iron makers

Small units closing down, big ones cut output; sector wants revival of infrastructure spending. Sponge iron producers across the country are facing a severe raw material crisis in the wake of a

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