Signs up 70% of Indian online advertisers

Microsoft's $47 billion plan to buy Yahoo may have come unstuck, but that has not prevented the giant from Redmond from aggressively pursuing the online ad market.

Construction equipment major inks agreement with Indonesian firm to bid for domestic deals

JSW Steel Ltd is believed to have placed orders to import 4,00,000 tonnes of coal at renegotiated lower prices by the end of this fiscal.

Real estate developer DLF Ltd, which has paid large advance payments to various governments for townships and commercial projects, is now looking for refunds as the projects are not moving at the expected pace.

The refunds, which could run into thousands of crores of rupees, could help the developer pay off its outstanding debt and execute existing and new projects.

In February, the Haryana government refunded over Rs 200 crore of license fees to DLF as its commercial projects were road blocked due to slow execution by the government authorities.

V-Guard Industries, the Kerala-based manufacturer of voltage stabilisers, electrical and electronic products, is expecting its cable business to contribute significantly to the turnover this year. The business currently contributes 27% to its revenues.

With funds of Rs 65 crore raised from the IPO last year, the firm set up a low-tension (LT) power cables plant at Coimbatore and a house-wiring cables plant at Kashipur, Uttarakhand, both of which will start production in May. The LT cable unit has the capacity to produce 3,000 tonne of aluminium and 300 tonne of copper annually.

International spot prices fell 66% in second half of 2008

JSW Steel Ltd is believed to have placed orders to import 4,00,000 tonnes of coal at renegotiated lower prices by the end of this fiscal.

Hind Dorr to executeRs 1,100-cr mining & processing project

Hindustan Dorr Oliver, the unit of Hyderabad-based infrastructure firm IVRCL, is working on a plan to make it big in the nuclear power segment. The company has almost finalised an agenda for pursuing the sector and developing that as a core vertical.

As part of its plans, the company is set to implement a project for Uranium Corporation of India Ltd at Tummalapalle in Kadapa district of Andhra Pradesh.