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Cause celebre
fashion designer Wendell Rodricks, in his activist avatar, keeps the goan cause afloat.

Sical likely to set up iron ore terminal in Mangalore
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).

News of the day

Hind Copper to invest Rs 3.5k cr to up prod to 11 MTPA
The government today said Hindustan Copper would ramp up production to 11 million tonnes per annum by 2017 with an investment of Rs 3,500 crore.
Home Business

Govt approves conversion of loan to HPL into equity

The government today approved the conversion of its Rs 128 crore loan to state-run Hindustan Prefab (HPL) into equity to help the company becoming a viable enterprise. "With this approval, the accumulated losses will be set off against equity, and the company is expected to emerge as a viable and profit-making Central Public Sector Enterprises in the coming years," Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting here.


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