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Markets scale new highs; Nifty ends shy of 7,900

Benchmark share indices gained for the sixth straight session, amid firm global cues, to end at fresh record closing highs on the back of agrressive buying by instiutional investors. The 30-share......

Welspun puts steel project in Maharashtra on hold

Welspun Maxsteel, wholly owned subsidiary of the $3-billion Welspun Group, has kept its proposed steel factory plan in Maharashtra on hold due to the shortage of raw material and energy. The delay......

Govt to stand by its decision on D6 supply cuts

In line with the Mumbai high court direction, the Union government will be informing users of gas from Reliance Industries' D6 field in the Krishna-Godavari basin that supply would be available to......

RIL wrong in seeking price hike: Govt

The petroleum ministry has said Reliance Industries Ltd (RIL) is not right in seeking an out-of-turn rise in the price of natural gas produced from the KG-D6 fields and asserted the $4.205 per......

Infrastructure slowdown dents Welspun's growth hopes

In 2011, the B K Goenka-led Welspun group set itself a target to become a $-5 billion company from a $ 3-billion company then by 2014 backed by the promise of investments by American private equity......

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