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Steel Minister Reviews Performance of NMDC

The Union Minister of Steel, Shri Beni Prasad Verma has reviewed the performance of NMDC Limited, a Navratna PSU under Ministry of Steel here today. The Secretary, Ministry of Steel, Shri D.R.S. Chaudhary was also present on the occasion. Shri C.S. Verma, CMD (Incharge), NMDC briefed the Minister about the performance of the Company. The …

MMDR Bill 2011 – Profit Sharing Formula

The Mines and Minerals (Development and Regulation) Act, 1957 does not provide for any profit sharing formula between Government and local people. However, the Government has proposed a provision for sharing of benefits with the local population in the draft Mines and Minerals (Development and Regulation) Bill (MMDR bill), 2011, which would enable monetary benefit …

End-to-End Computerization of Targeted Public Distribution System

Fact Sheet • The Government has planned End-to-end Computerization of Targeted Public Distribution System (TPDS) to make its reach more effective and beneficiaries friendly with an outlay of Rs. 884.07 crore . • This plan consists of Digitization of rations cards/beneficiary and other databases, Computerization of Supply-Chain Management, setting up of Transparency Portal and Grievance …

Modernization reduces melting times and energy consumption: Siemens receives final acceptance certificate for electric arc furnace at Outokumpu, Finland

Outokumpu Oy, a Finnish steelmaker, issued Siemens Metals Technologies in April with the final acceptance certificate for electric arc furnace no. 1 in the Tornio Stainless Steel Works. Siemens had equipped the furnace with a hydraulic system among other items. This has enabled the melting time to be reduced by around two minutes per melt, …

Dr. Reddy’s Laboratories Limited intends to make a recommended public offer for OctoPlus N.V.

Dr. Reddy’s Laboratories Limited (NYSE:RDY) (“Dr. Reddy’s”), together with its subsidiaries, announces the intended public offer to acquire the issued and outstanding shares of OctoPlus N.V. (Euronext Amsterdam: OCTO) (“OctoPlus”), a service based specialty pharmaceutical company, for an offer price of € 27.39 million (cum dividend) in cash, representing 100% of the issued and outstanding …

Mechel Reports Suspension of Mechel Bluestone Mining Facilities

Moscow, Russia — October 22, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of mining facilities of Mechel Bluestone (West Virginia, USA), which is part of the Group’s mining division. Due to accumulated inventories of coal, Mechel decided to temporarily suspend mining at some facilities …

Platinum Guild International celebrates everlasting love, with its new campaign of Platinum Day of Love

Platinum. Because real love can only begin, never end Platinum Guild International (India) introduced the concept of “Platinum Day of Love” (PDOL) with its campaign in 2009 that celebrated love between a couple post-marriage. It was conceptualised to own the transition of a relationship from a family wedding ceremony to a very personal and intimate …