Coal India has reportedly increased coal prices by 30% effective today, 28 February 2011 for non-regulated sectors such as cement, iron, steel, aluminium and paper.
Reliance Industries (RIL) is reportedly in talks with Japan's Orix Corp to acquire the latter's 23.87% stake in Infrastructure Leasing and Financial Services (IL&FS) for around $1.2 billion.
National Aluminium Company (Nalco) chairman-cum-managing director A K Srivastava, his wife Chandni and two accomplices, were arrested on Friday, 25 February 2011 and sent to Central Bureau of Investigation (CBI) custody till 3 March 2011 by a local court on Saturday, 26 February 2011. CBI arrested the Navratna PSU chief and his wife on charges of allegedly accepting gold bricks as bribe for manipulating Nalco contracts.
Areva T&D India net profit rose 29.38% to Rs. 88.08 crore on 14.41% rise in net sales to Rs. 1327 crore in the quarter ended December 2010 over the quarter ended December 2009.
Net profit of Disa India rose 72.47% to Rs. 8.52 crore on 66.69% rise in net sales to Rs. 44.09 crore in the quarter ended December 2010 over the quarter ended December 2009.
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