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Business Briefs

Steel price hike

New Delhi, Sept. 2: Leading steel makers SAIL and Tata Steel today hiked the prices of some of their products by up to Rs 1,500 a tonne on improvement in demand, while their peers are considering similar options. “We have raised prices of our flat products (used for car manufacturing) by Rs 1,500 a tonne in line with the rising international prices,” a SAIL spokesperson said.

Maytas offer

New Delhi, Sept. 2: IL&FS, the new promoter of Maytas Infra, today made an offer to buy an additional 20 per cent stake in the firm at Rs 112.80 a share. IL&FS said its open offer would begin on October 24 and close on November 12, 2009.

MCX-SX relief

Mumbai, Sept. 2: MCX-SX, jointly promoted by Financial Technologies (India) Ltd and MCX, the commodity bourse, today got a relief when Sebi gave a one-year extension till September 15, 2010 to complete its divestment.

Tata netbook

New Delhi, Sept. 2: Mobile service provider Tata Teleservices today launched the country’s first 3G-enabled netbook in a collaboration with CDMA chip maker Qualcomm.

Accor hotels

New Delhi, Sept. 2: Hospitality major Accor will make equity investment of Rs 636 crore in India for setting up 50 hotels over the next 2-3 years.

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