Vedanta H1 profit down 46 per cent

NEW DELHI/ LONDON: Global metal and mining major Vedanta Resources on Thursday reported a 46.2 per cent decline in profit at $188.2 million for the six-month period ended September 30, 2009, impacted mainly by weak metal prices. However, the firm anticipates recovery in metal prices in next few months on the back of demand generated by economic and industrial growth in India.

India Economic Summit on Sunday

NEW DELHI: Prime Minister Manmohan Singh will inaugurate the three-day India Economic Summit on Sunday being held here in the backdrop of the global financial crisis. “The programme for this year's Summit will lead to concrete recommendations for addressing key challenges such as skill development, financial empowerment of the poor and development of female talent,” World Economic Forum director and Asia head Sushtant Palakurthi Rao said.

GVK buys BIAL stake from Zurich Airport

MUMBAI: GVK Airport Developers, the wholly-owned subsidiary of the GVK group, has acquired a 12 per cent stake in Bengaluru International Airport Ltd (BIAL) from airport management services provider Zurich Airport for Rs 484.6 crore, a company release said.

JSW Steel output up 34 per cent in Oct

NEW DELHI: JSW Steel, the country’s largest private sector steel maker by domestic capacity, on Thursday said its production rose by 34 per cent to 4.53 lakh tonnes in October on account of robust demand. The company’s crude steel production in October 2008 was 3.38 lakh tonnes, the steel maker said.

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