Indian Railways freight revenue in April May up by 9pct

It is reported that Indian Railways have generated INR 10044.54 crore of revenue earnings from commodity wise freight traffic during April to May 2010 as compared to INR 9216.12 crore during the corresponding period last year, registering an increase of 8.99%.

Railways carried 146.41

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Cement demand in Sri Lanka to grow 7pct in 2010 - Holcim

Sri Lanka's cement demand is expected to grow between 6% and 7% in 2010 driven by reconstruction demand from former war torn areas.

Mr Manilal Fernando chairman of the Sri Lanka unit of Holcim a Swiss based firm said that "There is an increased demand from all areas of the country. We

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Shivalik clarifies on reports of stake sale to ArcelorMittal

Shivalik Bimetal Controls clarified that media reports about ArcelorMittal is eying Shivalik is based on an unfounded suggestions that the company is a possible target for promoter buy out arrangement by ArcelorMittal.

The promoters of Shivalik Bimetal Controls hold 61.52% of issued

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JSW raises INR 1849 crore via warrants issue

JSW Steel said it has raised as much as INR 1,849 crore by issuing warrants to a promoter group firm, mainly to cut its widening debt.

JSW Steel in a filing to the Bombay Stock Exchange said that “The Share Allotment Committee of Directors of the company, at its meeting held on June

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Indian coated steel makers face the wrath of Chinese dragon

HDG and PPGI manufacturers from India have been facing the music for over a month now. The triggering point was emergence of European crisis although the seeds had been sown earlier with relentless meltdown of domestic levels in China since April. Historically European market has shown

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