October 7: Picturesque news view
October 7: Picturesque news view
Tata Steel logo is seen in Mumbai May 17, 2007. Tata Steel, the world's seventh-largest steelmaker, said on Thursday sales from its Indian operations rose 14 per cent in the July-September quarter, to 1.66 million tonnes
Tata Steel, the world's seventh-largest steelmaker, said on Thursday sales from its Indian operations rose 14 per cent in the July-September quarter, to 1.66 million tonnes.
The growth was driven by the highest-ever quarterly sales of long products, primarily used in construction, the company said in a statement.
The Indian operations account for about a quarter of the group's total annual global capacity of about 30 million tonnes, which includes unit Corus, Europe's second-largest steelmaker.
The company's crude steel production in India rose 5 per cent to 1.73 million tonnes for the quarter.
A man talks on a mobile phone in front of an advisement of Bharti Airtel in Agartala, capital of Tripura
Bharti Airtel will partner telecom gear makers Ericsson and Huawei to expand and manage its mobile network in Bangladesh, where it took control of a mobile carrier this year.
Bharti said it would not share financial details of the contracts with Ericsson and Huawei, but said Ericsson would manage majority of its network capacity in Bangladesh and Huawei would upgrade networks in the eastern part of the country.
Bangladesh's mobile sector has grown rapidly, with subscriber numbers reaching nearly 62 million, up from 200,000 in 2001, helped by fierce competition among the country's six operators and by steady economic growth.
People buy tickets at a counter in a multiplex movie theatre in Mumbai
A long list of film releases in the festive season and a rebounding economy have Indian multiplex chains gearing for their strongest quarter of box-office collections this winter in years.
The International Monetary Fund has forecast India to grow 9.7 per cent in 2010 and the Oct-Dec quarter -- with a series of festivals and holidays for Diwali, Eid and Christmas -- promises to set the screens on fire.
The festivities and a return in consumer spending could benefit multiplex chains such as PVR Ltd, Reliance MediaWorks, Inox Leisure, Cinemax India and Fame India after a weak spell last year.
A cashier checks currency notes inside a bank in Agartala, capital of Tripura
The rupee strengthened to its strongest level in 25 months on Thursday, probably on inflows related to a qualified institutional placement by a large automobile company, four dealers said.
By 12:15 pm, the partially convertible rupee was at 44.15/16 per dollar, after hitting 44.13, its strongest since Sept. 8, 2008 and stronger than 44.49/50 at close on Wednesday.
Indian air force aircrafts are in Bangalore
India and Russia will jointly manufacture 250-300 fifth generation fighter aircraft over 10 years, Indian Defence Minister A K Antony said on Thursday.
Fifth-generation aircraft are invisible to radar, have advanced flight and weapons control systems and can cruise at supersonic speeds.
The Russian plane, first test-flown by Sukhoi in January, is Moscow's answer to the US-built F-22 Raptor stealth fighter -- the world's only fifth-generation fighter yet in service -- which first flew in 1997.
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