Bangalore | 16 hours ago
Chennai firm to build Bellary airport in Karnataka
Bangalore, Aug 6 - An airport will come up in Bellary, one of Karanataka's most backward districts but in the news over illegal iron ore mining, at a cost of Rs.320 crore.The greenfield airport will be built by Chennai-based infrastructure developer MARG Ltd on the outskirts of Bellary, about 320 km from here, under a build, operate and transfer - basis. As per the agreement signed here Friday by ... read more

Bangalore | 1 month ago
Karnataka seeks ban on export of iron ore, minerals
Bangalore, July 3 - Karnataka Chief Minister B.S. Yeddyurappa has sought a ban on export of iron ore and other minerals to prevent loss of precious natural resources, which are not renewable.'There is an urgent need for a comprehensive policy to ban export of iron ore and ensure such precious minerals are utilised for value addition within the country,' Yeddyurappa said in a letter Prime Minister ... read more

Bangalore | 2 months ago
Karnataka reaps bonanza at global investors meet
Bangalore, June 4 - Karnataka concluded the Global Investors Meet - late Friday on a high note, with investments worth Rs.4 trillion - flowing in for about 400 projects to be implemented over next four-five years to generate employment potential for 865,000 people.The two-day mega event, held for the second time after a decade, witnessed agreements being signed even at the valedictory function by ... read more

Bangalore | 2 months ago
Posco relents, to set up steel plant in Karnataka
Bangalore, June 3 - Korean steel major Posco has signed an agreement with the Karnataka government to set up a six million tonnes steel plant in the state, Major Industries Minister Murugesh R.Nirani said here late Thursday.'Posco officials have signed a memorandum of understanding - with the state government to set up a steel plant in the state at a cost of Rs.30,000 crore - without insisting on ... read more

Bangalore | 2 months ago
MoUs pour in at Karnataka Global Investors' Meet
Bangalore, June 3 - Over 40 memorandum of understandings for an investment of nearly Rs.3 lakh crore - in Karnataka were signed on the first day of the two-day Global Investors' Meet - here Thursday.Four of the biggest MoUs are in the steel sector with captive power plants envisaging a total investment of Rs 1.18 lakh crore -. World's largest steel maker ArcelorMittal signed the MoU for a six mill ... read more

Bangalore | 2 months ago
Mittal's steel project in Karnataka to get first priority
Bangalore, June 3 - World's largest steelmaker ArcelorMittal will give priority to its steel project in Karnataka, as its two other similar projects in Jharkhand and Orissa are bogged down by land issues and other approvals, a top company official said Thursday.'If we see that our progress in Karnataka is ahead of others, our steel project in this state will get the first priority,' ArcelorMittal ... read more

Bangalore | 2 months ago
Global Investors Meet begins in Bangalore
Bangalore, June 3 - The Global Investors Meet -, expected to bring in Rs.5 trillion - to Karnataka in the next four-five years, began here Thursday with the state rolling out a red carpet to global firms and India Inc.A galaxy of big ticket investors led by ArcelorMittal founder Lakshmi N. Mittal is attending the meet, inaugurated by Bharatiya Janata Party leader and leader of opposition in the Ra ... read more

Bangalore | 2 months ago
Karnataka eyes big ticket investments from global firms
Bangalore, June 2 - Karnataka is rolling out a red carpet to global firms and India Inc for big ticket investments in diverse sectors to put the southern Indian state on a growth trajectory.Inspired by the success of Gujarat in snapping up Rs.7 lakh crore - global investments in 2009, the two-year-old Bharatiya Janata Party government is pulling out all stops to ensure that its own version of Glob ... read more

Kolkata | 2 months ago
SAIL and POSCO discussing joint venture
Kolkata, May 17 - The Steel Authority of India Limited - and South Korean steel major POSCO are having talks on forming a joint venture plant in Jharkhand and a working group of the two companies is finalising the details, SAIL chairman S.K. Roongta said Monday.'We are in serious discussions with POSCO, which had expressed its willingness to enter into a JV with SAIL to establish a steel manufactu ... read more

New Delhi | 3 months ago
ArcelorMittal sees strong rebound in second quarter
New Delhi, April 29 - The world's largest steel maker, ArcelorMittal, Thursday said margins would improve substantially during the April-June quarter due to stronger demand in all main markets after a net loss of $1.1 billion in the quarter ended March.'The economic recovery is continuing in line with our expectations and 2010 is set to be a stronger year for ArcelorMittal. The year has started wi ... read more