SC cancels 214 coal blocks allocation; Hindalco, JSPL shares fall

The Supreme Court has cancelled all coal blocks except government run non-JV allotments. According to experts, this was on expected lines after the apex court had judged all coal block allocations post 1992 as illegal.

High-level committee to probe Bhilai plant leakage: Union Steel Minister

Union Steel Minister Narendra Singh Tomar on Friday announced that a high-level committee will be constituted to probe into the leakage of toxic gas at SAIL`s Bhilai Plant in Chhattisgarh.

Rahul demands thorough probe in Bhilai mishap

Congress Vice President Rahul Gandhi today demanded a thorough investigation into the incident of leakage of poisonous gas at SAIL`s Bhilai plant in which six people were killed yesterday.

Bhilai gas leak: Modi assures Raman Singh assistance

Prime Minister Narendra Modi on Friday assured Chhattisgarh Chief Minister Raman Singh of all necessary assistance for rescue and relief operations in gas leak accident at the Bhilai Steel Plant, a statement from the Prime Minister`s Office said.

Odisha govt`s mineral policy not as per law of land: Centre

The Centre on Thursday said Odisha government`s recent decisions in mining sector, including restricting shipping out of minerals from the state, are not within the legal framework of the country.

UP exploring new options for power

Hoping to meet the growing demand for power, the Uttar Pradesh government is exploring the viability of setting up two new thermal power plants in the state.

Iran hardliners sail for Bahrain

Two ships carrying 190 Iranian hardline activists have left for Bahrain, part of an effort to show solidarity with the Shiite majority population of the tiny island nation.

Pranab Mukherjee`s son to join politics

Union Finance Minister Pranab
Mukherjee`s son Abhijit Mukherjee on Monday quit his job from Steel Authority of India Limited (SAIL) to join politics and contest the upcoming West Bengal Assembly elections.

Mamata to inaugurate work for wagon factory in Bengal

Work for setting up a modern wagon manufacturing unit in West Bengal begins tomorrow in the presence of Railway Minister Mamata Banerjee and Steel Minister Virbhadra Singh.

SAIL seeks Orissa`s help to expedite clearance for its mines

SAIL on Monday sought the Orissa government`s help in expediting environment and other related clearances for its two captive iron ore mines.

Dutch teen begins solo sail round world: Agent

Dutch solo sailor Laura Dekker,
14, began her round-the-world record bid from Gibraltar,
not Portugal as first announced, her agent was quoted as
saying.

Australian teen completes round-the-world sail

A 16-year-old Australian who spent seven months at sea in her pink yacht sailed across the finish line of her round-the-world journey Saturday.

SAIL net profit up 98.6 percent

SAIL Wednesday reported a 98.6 percent rise in net profits at Rs 1,675.55 crore for the quarter ended December 31, compared to Rs 843.34 crore in the year-ago period.

Govt expecting Rs 24k cr from disinvestment

The government on Monay said 60 state-owned companies are likely to hit the capital market in the next couple of years, with steel giant SAIL and coal major CIL coming out with IPOs in the next fiscal itself.

Sail hikes FY11 output target by 10%

The state-run steel major Steel Authority of India (Sail) production target for the next fiscal is likely to be 10 per cent more compared to this fiscal, company chairman S K Roongta said here today.

Indian naval ship on round-the-world sailing mission

The Indian Navy``s solo round-the-world sailing mission “Sagar Parikrama” with Indian Naval Sailing Vessel (INSV) Mhadei on Friday crossed half way mark and safely reached Port Stanley of Falkland Islands, UK.

Ministry mulls special Sail arm for overseas buys

The Steel Ministry is planning to set up a special arm under Sail to spearhead overseas acquisitions, particularly in the mining sector.

SAIL may cut steel prices soon

State-run steel maker SAIL on Thursday said it may cut prices of some of its products in near future.

Chiriya mines will be leased to SAIL: Soren

Jharkhand Chief Minister Shibu Soren Saturday said the entire Chiriya mines in the state`s West Singhbhum district would soon be leased to the Steel Authority of India Ltd (SAIL) for its "expansion and modernisation projects".

SAIL, Tata Steel, Essar hike prices

The Uttar Pradesh government on Saturday said it has no plans to import sugar directly from Brazil and Taiwan in the New Year as reported in a section of the media recently.