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Orissa asks Posco to focus on welfare of locals
Orissa overnment today asked Posco-India to focus on welfare of people who would be displaced by the company"s Rs 52,000 crore steel project, which is facing resistance from locals.

India not to accept any legal binding on emission cut: govt
Under attack for its climate policy for Copenhagen summit, the government today said India will not accept any legal binding on emission cut and rejected any proposal that would put a cap on the carbon emission.

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Firms may seek compensation if spectrum delayed: DoT
With no clarity on availability of third-generation (3G) mobile spectrum, the government is considering, among others, restricting the number of private players to just two to avoid a situation where it would need to pay damages to operators.
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Uttam Galva not opposed to merger with ArcelorMittal

Mid-size steel maker Uttam Galva Steels said today it is not opposed to merger with the world’s largest steel producer ArcelorMittal and is open to all options aimed at taking the company to “new heights.” - Uttam Galva hits upper circuit on open offer - Uttam Galva not opposed to merger with ArcelorMittal - ArcelorMittal makes open offer for Uttam Galva Steel - Uttam Galva zooms 10% on ArcelorMittal deal - It"s curtains for major standalone steel players - Uttam Galva banks on Mittals" "Midas touch" “We are not opposed to merger and are open to all options as and when (any such) decision is taken by the joint board,” Uttam Galva Director (Commercial) Ankit Miglani said. “No decision has been taken as yet and the joint board will decide whatever is the best for the company,” he said.


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