Tuesday, September 9, 2008

Business News

Business News

Oil falls $1 as strong dollar counters storm fears

Posted: 09 Sep 2008 02:31 AM CDT

By Angela Moon

Tishman Speyer plans $1 bln fund for Indian realty

Posted: 09 Sep 2008 02:26 AM CDT

MUMBAI (Reuters) - Property developer and fund manager Tishman Speyer plans to raise up to $1 billion in a private fund in 8-10 months for Indian realty projects, the managing director for its India unit said on Tuesday.

Madras Aluminium shares up 20 pct on investment plans

Posted: 09 Sep 2008 02:19 AM CDT

MUMBAI (Reuters) - Shares in Madras Aluminium Co Ltd rose 20 percent after Vedanta Group Chairman Anil Agarwal announced on Tuesday plans to invest 750 billion rupees in the aluminium business over three years.

Sterlite group to produce 2.6mln tonnes aluminium

Posted: 09 Sep 2008 02:17 AM CDT

MUMBAI (Reuters) - Sterlite Industries (India) Ltd, part of India-focused mining firm Vedanta Resources Plc, aims the group to produce 2.6 million tonnes of aluminium, Chairman Anil Agarwal said on Tuesday.

India's auspicious days for buying gold

Posted: 09 Sep 2008 02:10 AM CDT

MUMBAI (Reuters) - The following are some of the days considered auspicious according to the Hindu calendar for gold purchases in India:

Vedanta Resources restructures into 3 units

Posted: 09 Sep 2008 02:09 AM CDT

LONDON (Reuters) - Indian-focused miner Vedanta Resources Plc plans a reorganisation to eliminate cross holdings and streamline the corporate structure, it said on Tuesday.

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