Posco project delay

Bhubaneswar, June 18: Posco’s steel project in Orissa might be delayed further as the Centre has questioned the state’s decision to recommend the South Korean firm for allotment of prospecting licence in the Khandadhar mines instead of PSU Kudremukh Iron Ore. Official sources said Kudremukh Iron Ore had earlier sought a licence for the Khandadhar mines located in Sundargarh district.

Stock scam

Mumbai, June 18: Two senior officials of the Stock Holding Corporation of India have been arrested and later released on bail after they failed to appear in a Calcutta court in connection with the 2001 stock scam, involving Ketan Parekh and other brokers. The officials are executive vice-presidents R.H. Mewawala and L. Vishwanathan.

Genpact buy

Bangalore, June 18: Genpact will acquire Axis Risk Consulting Services, an independent consulting firm in India. Axis provides risk assurance services, including internal audit, business performance improvement, Sarbanes-Oxley documentation and compliance testing, and enterprise risk management.

Tata move

Ho Chi Minh City, June 18: Tata Steel’s NatSteel Asia unit has threatened to move court over a rival bid by the uk’s Prudential for Vietnam Industrial Investments Ltd’s steel subsidiaries.

Hyundai price

New Delhi, June 18: Hyundai Motors India may hike the prices of its various models, including the new Verna, premium hatchback Getz Prime and the Santro, by next month.

Canada trade

New Delhi, June 18: The India-Canada roundtable has set a bilateral investment target of $5 billion by 2012. Commerce minister Kamal Nath, who was at the meeting of the CEOs in Montreal, said, “Indian investment in Canada has picked up substantially. ”

MCX scanner

New Delhi, June 18: The MCX has sought details from its members about clients who have traded above Rs 1 lakh between January and March and are based in Mumbai.