Mumbai, Feb. 24: The restructuring of Anil Agarwal-led Vedanta group is likely to be announced tomorrow. Both Sterlite Industries (India) Ltd and Sesa Goa today announced that their boards would meet on February 25 to consider restructuring proposals. It is widely believed that Sesa Goa will be merged with Sterlite Industries. A merger ratio of 5:3 is being speculated.
New Delhi, Feb. 24: Excise authorities have frozen the bank account of Kingfisher Airlines because of its failure to pay service tax dues of about Rs 35 crore, S.K. Goel, chairman of the Central Board of Excise and Customs, said today.
New Delhi, Feb. 24: Nissan Motors India will recall Micra hatchbacks made and shipped from India to European markets as part of a global recall programme to correct a faulty sensor that can cause fuel leaks.
Chennai, Feb. 24: Dunlop India, which has suspended operations at its Ambattur unit because of labour unrest, plans to restructure the facility under associate firm Falcon Tyres after settlement of the dispute.
New Delhi, Feb. 24: A group of ministers today approved a new urea investment policy that promises incentives on natural gas price to fertiliser companies for reviving, expanding and setting up plants.
