Corus mill hope
London, May 26: Marcegaglia — the leader of the consortium which terminated a 10-year purchase agreement with Corus — has agreed to meet the Anglo-Dutch steel maker, a BBC report said. The cancellation of the contract may force Corus to mothball Teesside steel mill at Redcar and risk 3,000 jobs. “Antonio Marcegaglia had agreed to meet with Corus (officials) in the UK but relations remained difficult,” BBC quoted Vera Baird, who is the Redcar member of Parliament, as saying.
New Delhi, May 26: The budget for 2009-10 that will spell out policies and priorities of the new government will be presented in the first week of July, finance minister Pranab Mukherjee said.
New Delhi, May 26: FieldFresh Foods, a joint venture between Bharti Enterprises and Del Monte Pacific, will invest around Rs 100 crore to set up a food processing facility in India as it forays into the processed food and beverages segment.
Mumbai, May 26: Kishore Biyani-promoted Pantaloon Retail has received shareholders’ approval to restructure the company into three separate entities catering to FMCG, retail and fashion, and rechristening the group as Future Markets & Consumer Group.
Mumbai, May 26: ICICI Bank has tied up with leading mobile payment solutions provider mChek to issue electronic cards to customers.