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POSCO Q3 profit jumps to over 4-year-high as China prices gain

POSCO Q3 profit jumps to over 4-year-high as China prices gain

POSCO posted its strongest quarterly operating profit in more than four years, beating analysts` estimates, as a sustained recovery in Chinese steel prices helped boost margins for South Korea`s top steelmaker.

SC asks expelled AIADMK MP Sasikala Pushpa to join probe in criminal cases

SC asks expelled AIADMK MP Sasikala Pushpa to join probe in criminal cases

Supreme Court on Monday asked expelled AIADMK Rajya Sabha member L Sasikala Pushpa to join the probe into two criminal cases of alleged sexual harassment of her family maids and forging of documents in her anticipatory bail petition lodged by the Tamil Nadu police.

SHOCKING! 23-year-old woman booked for raping minor boy; she made MMS of act, threatened to post it online

SHOCKING! 23-year-old woman booked for raping minor boy; she made MMS of act, threatened to post it online

A 23-year-old woman has been booked for allegedly raping a 16-year-old boy in Saharanpur district of Uttar Pradesh, police said on Tuesday.

A case under the sections 7 and 8 of the POSCO (Protection of Children From Sexual Offences) Act was registered against the woman.

Policeman rapes 16-yr-old at gun point in Maharashtra's Osmanabad, arrested

Policeman rapes 16-yr-old at gun point in Maharashtra's Osmanabad, arrested

A police sub-inspector from Osmanabad has been arrested for allegedly raping a 16-year-old girl at gun point here, police said today.

School van driver arrested for molesting minor girl in Jaipur

A school van driver was arrested today for allegedly molesting a 5-year-old girl in Shyam Nagar area here.

Odisha may offer Posco the JV option with OMC

Prime Minister's Principal Secretary Nripendra Misra on Tuesday held a meeting with Mines Secretary Balvinder Kumar, Steel Secretary Rakesh Singh, Odisha Chief Secretary G C Pati and Posco India CMD Gee Woong Sung on the steps that can be taken to save the project, sources said.

Tripartite meet on Posco project on August 25: Minister

The much-awaited tri-partite meeting on the country's biggest FDI project proposed by Posco is scheduled to be held in New Delhi on August 25, Odisha Steel and Mines Minister Prafulla Kumar Mallick said Saturday.

Odisha to nudge Centre on Posco issue

The decision in this regard was taken at a high level meeting chaired by Chief Minister Naveen Patnik and attended by Steel and Mines Mminister Prafulla Kumar Mallick.

Posco, Uttam Galva to set up $3-bn steel plant in Maharashtra

It will initially build 1.5 million tonne per annum (MTPA) plant with a new technology from Posco at a cost of about USD 1.5 billion.

Six gang-rape minor girl in Chembur; arrested

A 15-year-old girl was allegedly gang raped by six persons at a shop in suburban Chembur in the wee hours of today and all the accused were arrested, police said.

Posco's Finex plant likely to be shifted to India by Oct

POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

Posco's Finex plant likely to be shifted to India by Oct

POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

'Adani suspends 2 key contractors on biggest Aus coal project'

Adani Group's 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.

BJD to oppose Land Bill, raise Posco, Vyapam scam in Parliament

Asking party MPs to oppose the controversial Land Acquisition Bill and demand action in Vyapam scandal, BJD president and Odisha Chief Minister Naveen Patnaik on Sunday stressed on steps to prevent opposition Congress from deriving political mileage out of any issue.

Posco shifts focus from Odisha project citing 'no progress'

Steel giant Posco has shifted its focus from the USD 12-billion proposed steel plant in Odisha citing "no progress" in the project.

Posco suspends $12 billion Odisha project

South Korean steel giant Posco has put on hold its USD 12 billion steel project in Odisha due to delays in various regulatory approvals.

Not quitting Odisha: Posco

The company is reducing its unused office space and other expenditure as part of massive global cost restructuring programme, said a person in the know of developments.

POSCO says to exit unprofitable businesses as weak steel demand caps profit growth

POSCO says to exit unprofitable businesses as weak steel demand caps profit growth

South Korea`s POSCO said it would shut down unprofitable local and overseas businesses as part of a restructuring plan aimed at boosting profit growth in the world`s sixth-largest steelmaker as global demand for steel remains weak.

Government to extend full support to Posco: Tomar

In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.

ArcelorMittal, SAIL to set up steel plant in India

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.