Category «News»

TMK Starts Supplying Pipes for Lukoil’s North Caspian Deposit

TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, has started shipments of pipes to be used in construction of deep water pipelines at the Filanovsky oil and gas condensate deposit in the North Caspian Sea under development by Lukoil. The tenders for the pipeline construction were won …

Mahindra Satyam to create more opportunities for the professionals in Oil & Gas industry

Mahindra Satyam, a leading global consulting and IT services provider, today announced that it has signed a Memorandum of Understanding (MoU) with University of Petroleum & Energy Studies (UPES), Dehradun, India. The MoU aims at facilitating joint research and development projects and consultancies for mutual benefit. This agreement will help the students and faculty of …

Toyota Kirloskar Motor Introduces Limited Edition Models

Toyota Kirloskar Motor (TKM) has introduced a line up of Limited Edition models, for the festive season. The lineup has been specially introduced to bring in new product excitement during the festive season. The lineup includes Etios TRD Sportivo Limited Edition, Corolla Altis Limited Edition and Fortuner TRD Sportivo Limited Edition. Etios TRD Sportivo Limited …

ICICI Bank looks to acquire Karnataka Bank – Umesh Shanmugam

The country’s largest private sector bank, ICICI Bank, is learnt to have submitted a formal proposal to the Reserve Bank of India (RBI) to acquire Karnataka Bank, an old and listed private sector bank with a nationwide presence and over 500 branches. In May 2010, ICICI Bank had acquired Bank of Rajasthan, another old bank. …

India’s stressed banks – Umesh Shanmugam

Recently, Fitch Ratings—a credit rating agency—said that Indian banks’ gross non-performing loans (NPL) reached 4.2% for the financial year ending March 2013 from 3.75% in 2011-12. The total stressed assets (including restructured assets) in the system is expected to exceed 10% of total loans by the end of the current fiscal. That is not all. …

Mechel Announces Obtaining 24-Billion-Ruble Loan

Moscow, Russia – October 15, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing long-term agreements with Sberbank of Russia OAO on opening several credit lines to Southern Kuzbass Coal Company OAO for a total of 24 billion rubles. Sberbank of Russia OAO opened four credit lines …

Statement at the Conclusion of the Special Event on Frontier and Developing Asia and Pacific

October 15, 2012 Finance Ministers and Central Bank Governors of Frontier and Developing Asia and Pacific countries1 met with International Monetary Fund (IMF) representatives in Tokyo on October 14, 2012, in the context of the IMF-World Bank Annual Meetings. At the end, IMF Managing Director Christine Lagarde issued the following statement: “This special event was the …

RESPONSIBLE JEWELLERY COUNCIL REACHES 400 MEMBER MARK

ANNOUNCES TRANSLATION OF ITS CERTIFICATION SYSTEM DOCUMENTS IN CHINESE, FRENCH, GUJARATI, ITALIAN, PORTUGUESE AND SPANISH LONDON – The Responsible Jewellery Council (RJC) today announced that its membership has exceeded 400 companies and trade associations, large and small, throughout the diamond, gold and platinum metals jewellery supply chain, from around the world. “RJC’s healthy membership numbers …