July 4, 2013

New Delhi, July 4 (IANS) Towards becoming a "zero-waste" firm, Essar Steel has signed a $160-million deal with Harsco India for recovering iron from the slag generated while making steel. "The agreement is for a period of 15 years valued at $160 million over the duration of contract. As per agreement, Harsco will recover iron from slag which can then be reused in steel-making," Essar Steel said in a statement here Thursday. Essar Steel generates around a million tonnes of slag each year and…

Bhubaneswar, July 4 (IANS) Korean steel major Posco's plan to build a $12 billion steel project in Odisha got a boost with the state authorities on Thursday declaring that land acquisition for it was complete and 2,700 acres of land had been acquired for the 12 million tonnes per annum greenfield steel project touted as India's single-largest foreign direct investment. The administration has demolished all the betel vines over 2,700 acres in Jagatsinghpur district, where the project will come up, District…

New Delhi, July 4 (IANS) Yash Raj Films will distribute DAR Motion Pictures and Emmay Entertainment's 'D-Day' in the international market. "YRF continues its pursuit for quality entertainment by hand-picking nothing but the top movies from well-known banners," read a statement. "D-Day", an espionage thriller directed by Nikhil Advani, releases in theatres worldwide July 19. It stars Rishi Kapoor, Irrfan, Arjun Rampal and Huma Qureshi in key roles. The story surrounds a…

Chennai, July 4 (IANS) The Reserve Bank of India (RBI) does not have any target for rupee level but will use all the instruments it has to reduce volatility, Governor D. Subbarao said Thursday. He also said the bank's monetary policy transmission is not agile as the commercial banks are reluctant to pass on the benefit of interest rate reduction to borrowers and not all the applicants for a banking licence will get one. Speaking to reporters here, Subbarao said the bank has no exchange rate target but would…

Guwahati, July 4 (IANS) Targeting the government over the CBI charge sheet in the Ishrat Jahan staged shootout case, BJP president Rajnath Singh Thursday said the government should disclose "her terror links". The CBI Wednesday filed a charge sheet in which it claimed that Ishrat Jahan had no terrorist links. Seven police officers were charge-sheeted for the staged shootout of 2004. The Bharatiya Janata Party president claimed that the case was being hyped for political purposes. He also took the…