EADS and L&T to forge a long term partnership

EADS Defense & Security and Indian engineering giant Larsen & Toubro announced the planned formation of a joint venture company for defense electronics in India based in Talegaon near Pune. The new company will aim at design, development, manufacturing and related services in the fields of

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Details of semis imports into India in 2008-09

Semis (Including rerollable scrap)


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TATA Steel not to bid for iron ore project in Liberia

PTI reported that TATA Steel has shelved its plans of re bidding for the USD 1.6 billion iron ore project in Liberia.

A TATA Steel spokesperson told PTI that "The company has decided not to participate in the re-bid for the property.”

Asked about the reasons for it, he said there

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SAIL invites arrangers to bid for bond sale

Reuters reported that Steel Authority of India is looking to raise at least INR 5 billion through bonds and has asked arrangers to submit their bids on Friday.

Two merchant bankers said that SAIL is looking to sell five or 10 year bonds or a combination of both.

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JSW Steel plans 9 branded retail showrooms in Northeast

ET reported that JSW Steel Ltd plans to set up at least eight to nine exclusive branded retail showrooms in the Northeast. The company will also open two more retail showrooms in West Bengal.

As per report the company has set up its first retail showroom in the Northeast in Guwahati under

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