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SAIL open to partnering NMDC for proposed K'taka plant
The country"s largest steel maker Steel Authority of India (SAIL) today said it is open to partnering NMDC in setting up a steel plant in Karnataka, primarily catering to sectors like the automobile and consumer durables.

RBI issues draft norms for forex contracts
Continuing its agenda to simplify the foreign exchange regime, the Reserve bank of India (RBI) today said it intended to allow exporters and importers to “write” contracts giving them the right, but no obligation, to sell an specified amount of foreign currency for a specific price at specific time to banks. They will also be able to earn premium income from these transactions.

News of the day

Tata Capital PE head quits
Less than a year after joining Tata Capital as its private equity (PE) venture head, Shailendra Bhandari is quitting.
Small Business

Rajagopal resurfaces at NIMS

Congress MP L Rajagopal, who had fled from a Vijayawada hospital, resurfaced at the Nizam Institute of Medical Sciences (NIMS) here today. - Decision on Telangana likely by tomorrow: PM - No objection to Rajagopal being admitted to NIMS: AP Govt - Fasts, protests against Telangana continue - Hunger strikes on for united Andhra - Now, SC/ST Confederation to go on fast for quota in pvt sector - IIT professors to go hunger-strike Rajagopal, who has been on a fast for the past nine days in support of united Andhra Pradesh and wanted to be shifted to NIMS, reached the premier state-run hospital at around 2 PM, sources said. The Vijayawada MP had last night fled from the government hospital where he was admitted for the last four days after being taken into custody. About 300 policemen, providing security to the hospital, were caught off guard as the MP gave them a slip. Though the policemen tried to chase the MP, they failed to nab him as he reportedly changed vehicles to evade being caught. Prior to his escape from the hospital, Rajagopal had sent a letter to Andhra Pradesh Governor N D Tiwari complaining about the poor facilities in the Vijayawada government Hospital and sought to be shifted to NIMS.


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