Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.
Under the arrangement, the company will sell all the carbon credits it generates during July 12, 2007 to July 15, 2011.
Last month, Rain Commodities Ltd, producers of calcined petroleum coke and cement has notified that Rain CII Carbon has implemented `Oxygen Lancing' at its Indian calcinations plant.
Metallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.
However, the terms and conditions of the said NCD issuance would be decided by the board of directors and would be subject to the shareholders' approval.
In a bid to acquire a majority stake in Orissa Sponge Iron & Steel, three un-listed Indian firms have jointly made an open offer to acquire 26 percent of its equity, for Rs 300 per share.
Under the arrangement, Bhushan Power and Steel Ltd along with Titanic Steel Industries and Olympian Steel Industries would acquire stake in Orissa Sponge through open offer.
The open offer is for the acquisition of 52 lakh shares of Rs 10 each of Orissa Sponge from its existing shareholders. The offer will open on April 3 and close on April 23.
Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down.
The rate cut are expected to reflect in segments like home, auto and personal loans.
The world’s pioneering steel company Tata Steel has announced a growth of 26 per cent in its sales for the last month (January 2009).
During the month, the company’s sales stood at 511,000 tons, as against 404,000 tons in the corresponding period of the last year.
With an increase of 35%, the company’s saleable steel in January 2009 recorded the highest production at 548,000 tons as compared to the prior year period,
In the meantime, production of hot metal zoomed 32% at 574,000 tons and that of crude steel grew 25% to 525,000 tons, over the prior year period.
Top Malayalam actress Kavya Madhavan was married to Nischal Chandra, technical advisor to National Bank of Kuwait, in a traditional ceremony at the Kollur Mookambika temple on Thursday morning.
All the rituals of the marriage were conducted by the chief priest of the temple, Govinda Adiga.
As a child artist, Kavya entered the world of films in 1991 in the film ‘Pookkalam Varavayi’.Apart from working in Malayalam films, Kavya has also worked in Tamil films also. Currently, the beauty from Malappuram is working in ‘Pattanathil Bhootham’ directed by Johny Antony.
Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.
Metallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.
In a bid to acquire a majority stake in Orissa Sponge Iron & Steel, three un-listed Indian firms have jointly made an open offer to acquire 26 percent of its equity, for Rs 300 per share. 
Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down. 
The world’s pioneering steel company Tata Steel has announced a growth of 26 per cent in its sales for the last month (January 2009). 
Top Malayalam actress Kavya Madhavan was married to Nischal Chandra, technical advisor to National Bank of Kuwait, in a traditional ceremony at the Kollur Mookambika temple on Thursday morning.
