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Birlas see synergy in flat products segment Unlike the Tata-Corus deal, the Aditya Birla group's takeover of aluminium producer Novelis did not have the trappings of a tense bidding battle. There were other suitors for Novelis too, but the Birlas were neither aware of the number of bidders ...

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Essar arm to set up steel co in Vietnam The Singapore-based Essar Steel Vietnam Holdings Private Ltd (ESVHL), a subsidiary of Essar Steel, today signed a joint venture agreement with State-owned Vietnam Steel Corporation (VSC) and Vietnam General Rubber Corporation (GERUCO) to form a ...

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Banks may have to bear part of crop insurance premium Banks and financial institutions lending to farmers may have to bear a portion of the premium on crop insurance, if the Government accepts the recommendations of a working group. A working group on risk management in agriculture has suggested ...

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SBI cost of funds may see a sharp jump Provisioning for bad loans at Rs 410 crore (compared with a write-back of this provision in the corresponding quarter of the previous fiscal) and provision for depreciation of investments of about Rs 658 crore were major contributors to the below ...

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Govt may allow FDI in cargo airlines While foreign airlines continue to be kept out from picking up stake in Indian aviation companies, the Government is now considering a proposal to allow foreign airlines to pick up a minority stake in domestic cargo airline operations. "The ...