Sterlite Industries, Tata Power may see action


Sterlite Industries and Tata Power will replace Ambuja Cement and Cipla on the BSE Sensex from 28 July 2008.

The Tamil Nadu government has reportedly agreed to help Tata Steel procure nearly 10,000 acres of land for its Rs 2500 crore titanium dioxide project in the state.

Yes Bank is reportedly facing disputes on derivatives products sold to two clients, with the valuation of the deals estimated at Rs 14 crore.

Jet Airways will reportedly be reducing more than six routes from July 2008. According to reports, the airline would reduce not only services in the metros but also routes connecting tier II cities.

The Uttar Pradesh state government has reportedly ordered first information reports to be lodged against all 16 Bajaj Hindustan owned sugar mills in the state for allegedly failing to honour farmers' payment for the crushing season 2007/08.

Primary steel makers have increased product prices for exports by Rs 2000 - Rs 3000 a tonne in the past two weeks, taking up the price of the benchmark hot rolled coils well above Rs 40000 a tonne.

The Maharashtra government has reportedly asked Giga Solutions, an unlisted unit of Reliance Communications, to pay about Rs 200 crore as charges for the right of way granted to it for laying broadband and other cables.

Unitech reportedly gets Rs 750 crore from Lehman Brothers, a foreign investment bank, for its 97-acre project in Koliwada, Santacruz in north Mumbai.

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