Companies write off investments, shed assets as initial projections go haywire Many Indian companies are staring at huge losses on their mega investments abroad, prompting quite a few to write off......
Rashtriya Ispat Nigam plans to invest Rs. 3,046 crore (Rs. 30. 46 billion) next fiscal to part finance capacity expansion to 6.5 million tonnes per annum (mtpa) and iron ore, coking coal mines......
Tata Steel and a consortium of five public sector unitsare buying time, even as the world's third-largest mining company, Rio Tinto,offered $3.9 billion on Thursday for Australia's Riversdale......
About a fortnight ago, the International Coal Ventures Ltd board approved a binding bid for a deposit having estimated reserves of 220 million tonnes in Queensland, Australia. ICVL is a special......
India is looking at buying coal mines in Australia through two state-owned entities in a bid to bridge the domestic coal supply-demand shortfall, a top government official said on Monday. NTPC and......