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Orissa govt approves proposals for two more steel plants
The Orissa government today approved proposals for setting up two medium scale steel plants, including one by Tata Sponge Iron Limited, official sources said.

Consumers peeved at inferior coal quality
The coal consumers drawing coal from the Basundhara coal block under the command area of Mahanadi Coalfields Limited (MCL) continue to grapple with the problem of inferior quality of coal supplied to them.

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Government formation after NCP LP leader election: Chavan
As the Congress endorsed him for another term as Maharashtra Chief Minister, Ashok Chavan said, he did not expect any problem in the government formation exercise, which would begin after ally NCP elected the leader of its legislature party.
International Business

Wall Street ends in green; Indian ADRSs mixed

The Wall Street ended in positive territory on Wednesday. The Dow Jones moved up 61 points to 9,279. The Nasdaq added 13 points to 1,969. - US markets end +ve; Nasdaq up 1% - Dow Jones signs content sharing agreement with CNI Research - Shanghai Effect: More on down days">Shanghai Effect: More on down days - Indian ADRs loss $1.44 bn in one week - US markets drop on weak data - US markets gain on Wal-Mart results The Indian ADRs, however, ended on a mixed note. Patni Computers soared over 4% to $16.57. Genpact and Tata Communications gained around 1.7% each. On the other hand, Sterlite shed 3.3% at $12.41. Satyam declined 2% to $5.31. Tata Motors slipped 1.6% to $10.82.


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