Category «News»

The ISS Lighthouse Relay Voyage baton arrives down under for Christmas – raising additional funds for local charities around the globe

20th December 2012 The ISS Lighthouse Relay Voyage baton, which is raising money for local charities supporting sick and disadvantaged people, has arrived in Sydney, Australia, on the latest leg of its tour around the globe. The ambitious fundraising initiative by Inchcape Shipping Services, the world’s largest maritime services provider, has now raised nearly $125,000 …

ArcelorMittal extends conversion date for $1bn mandatory convertible bond

Luxembourg, 20 December 2012 – ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 18 December 2012. …

India’s growth prospects less than golden – Umesh Shanmugam

Ships entering one of India’s finest deepwater ports at Andhra Pradesh in the south of the country are filled with everything from bauxite and aluminium to coal and capital equipment. Yet they depart almost empty, says D.V.S. Raju, founder of the company running the port. Meanwhile, sales of gold jewellery have been falling in India, …

Mechel Announces Management Changes at Izhstal OAO

Moscow, Russia — December 19, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal OAO (Izhstal), part of Mechel Group. Anatoly Shchetinin, 55, who was appointed the new Managing Director of Izhstal OAO, replaces Konstantin Kretov, who headed the …

Mechel Reports Halting Production at Southern Urals Nickel Plant

Moscow, Russia — December 19, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports halting production at Southern Urals Nickel Plant OAO. Considering persistent negative trends on global nickel market and unfavorable forecasts for its recovery in the foreseeable future, the plant’s Board of Directors decided to halt …

Eternal white platinum, a must-have for the season

Available across leading stores such as Orra, Manubhai, TBZ amongst others Mumbai, December 19, 2012: Make this party season truly special with everlasting platinum jewellery. Tis the season for eternal white platinum as one would want to stand apart in a crowd and be complimented for their style. Platinum jewellery is designed keeping in mind …

Mövenpick Hotels & Resorts opens its first property in Paris.

Mövenpick Hotel Paris Neuilly offers opportunity to experience the French capital through the eyes of a sophisticated resident. Zurich (Switzerland) – 19 December 2012 – Mövenpick Hotels & Resorts has launched its first hotel in Paris offering guests a level of upscale comfort that is as refined as the exclusive Neuilly district in which the …

Salient Features of the Companies Bill 2011

The Companies Bill, 2011, which was passed by the Lok Sabha yesterday, on its enactment will allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in the country, viz. the Companies Act, 1956 had been under consideration for quite long …

MCAFEE WARNS CONSUMERS OF THE “12 SCAMS OF CHRISTMAS” AS 70% SURVEYED INDIANS PLAN TO SHOP ONLINE DURING THE 2012 HOLIDAY SEASON

Cyber-Scrooges Work Overtime During Holiday Season, New Threats Hit Mobile, Email and the Web India, Dec. 19, 2012 – McAfee, the world’s largest dedicated security technology company, today released findings from the company’s 2012 Holiday Shopping Study. The study, conducted online among over 1100 Indian adults by Harris Interactive, investigates the online habits and behaviors …

Better tube quality with EloTube™

The EloTube™ is part of a modernization program of Ovako. It will be placed in front of an existing Assel mill in a seamless tube plant. Hollow blooms coming directly from a rolling mill upstream will be reheated and equalized before entering the Assel mill. Dr. Guido Opezzo, Sales Representative at SMS ELotherm: “The temperature …