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Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mine is estimated to contain within itself 7-8 billion tonnes of coal reserves. This has been informed by the Adani Enterprises in a press meet and as per sources this has been a major deal for the Indian Inc.

Adani Enterprises has acquired the coal mine for its subsidiary, the Singapore based Adani Global.

From the $1 billion, Adani is supposed to part from the first tranche of $435 million in the following few days.

A joint venture had been taken up by NMDC and Arcelor Mittal and it has been announced that the final decision on this venture will be made in a meeting between the two parties in Bangalore.

This meeting will be held by the end of this month. This project has made a lot of development and both parties are interested to move ahead with it as soon as possible.

The final decision over the venture will be revealed after this meeting. This was declared by NMDC.

The nations stock index on Wednesday cracked a four-day captivating strip as shareholders select to register profits after the market magnitude to a new 29-month high. Although the markets operated in the optimistic zone all through the day, a limp bolts out in the European markets witnessed the index slithering in the negative.

Trailing a sturdy concluding in the US market, the 30-share Sensex at the Bombay Stock Exchange thronged open its doors as robust pick up and stroked a new 52-week high of 18,167.2 but slide to an intra-day short of 17,897.26.

Bangalore's Infosys, which is India's second largest software exporter, has reported a 2.42 per cent decrease in its profits recently. However, despite its profits falling from last year's 24.7 percent to 20.3 percent this year, Infosys has decided to continue to invest in Europe.

The reason given by Infosys is that though the profit has fallen, the decline is much less in Europe than anywhere else.

Today, most of the engineering graduates that are hired by the IT-sector come from the non-computer science backgrounds like electrical engineering, mechanical engineering and civil engineering.

This is due to the dearth of computer science engineers in the nation, thereby forcing even the very successful IT-sector to opt for alternative engineering backgrounds. This has been said by the founder of Infosys, Mr. Narayana Murthy.

A brand new medical college in Kunnavalam village in Tiruvallur district will be inaugurated on July 12. The college is formed by newly appointed Board of Governors of the Medical Council of India, who will grant approval to the DD Medical and Educational Trust to start a medical college.

At present, State comprises of 16 government medical colleges and 10 private medical colleges.

The new medical college, DD Medical College and Hospital would be 11th in the list of private medical college.