India and the European Union are likely to sign an agreement on civil atomic energy which will facilitate the participation of India in the International Thermonuclear Experimental Reactor (ITER) project in France.
The recent signing of the licensing agreement by Dr Debashish Bhattacharjee, Group Director, Tata Steel Research, Development & Technology (RD&T) with Rio Tinto is a giant leap in the field of technology.
To improve performance of its operations in Europe and other areas, Tata Steel plans to deploy £400 mn (about Rs 3,461 crore) in its European unit in 2012-13. This investment comes after Tata Steel Europe reported a decline of over 67 per cent in its core profits (earnings before interest, taxes, depreciation, and amortisation) to $111 mn in April-June quarter as compared to $343 mn, a year ago.
Accor, a European hotel operator, is mulling to have another property in Ahmedabad soon. Accor has already launched its first property in Gujarat, Hotel Formule 1. The company said that the upcoming hotel could be any one of the seven to eight major brands that the group owns.
India’s famed resilience, is being severely tested in the current economic scenario of policy paralysis and infrastructural impediments. CONSTRUCTION WORLD analyses the scenario and explores the road ahead. A survivor despite rising costs and mind-numbing statutory clearances, India’s construction sector is set to cash in on the government’s commitment to attract massive investment in the infrastructure sector, provided the government makes a move
Uttam Galva Steels has reportedly witnessed recovery in the sale of its products in the US and European markets. The company, which is an associate of ArcelorMittal, realised that 40 per cent of its Rs 5,475 crore total turnover was from exports in the last financial year. ArcelorMittal holds 34.42 per cent stake in the firm.The firm exports cold rolled and galvanised steel products to the US and European markets. The firm feels that the economic condition has shown some signs of revival in the
Even as the European Commission said it might fine Air India and Jet Airways for not sharing emission data, the two Indian airlines remain opposed to the European Union (EU)’s emission norms for airlines. EU’s emission trading scheme (ETS) requires airlines to report emission data (for flights within and to/from Europe) and purchase credits in case the emission exceeds capped limits.