Indian Economy will grow despite politics over policy paralysis: Lakshmi Mittal
The year 2012 seems to be bad for India as one by one, factor dealing with economy clean their hands for making any share in the Indian economy as modest progress scope.
Recently, Lakshmi Mittal, a successful international businessman especially known for progress of his steel company ArcelorMittal, is plan to invest its scarce capital towards other markets than his native land India, searching quicker returns.
The world’s biggest steel company’s owner disappointed from Indian paralysis policy that resulted much less scope for his planned Indian investments in steel sector where his company is the undisputed world leader, producing over 100 million tonnes a year with a staff of 2.6 lakh across 60 countries. Read more
Norway’s Telenor writes down remaining Indian assets worth $680.9 million
Trai’s auction proposal that already faced refusal from the five top telecom companies is now opposed by a great disapproval from side of Norway’s Telenor that has showed it recently by written downing its 3.9 billion Norwegian crowns ($680.9 million) assets in India.
The company’s downing decision is forthcoming step to exit from Indian market if the government approved Trai’s proposal to hike reserved price upto to 13 times the price used in 2008. Read more
Chhattisgarh Collector: Alex Paul Menon abduction enters day 9
After the three rounds of talks between the Government mediators and Maoist interlocutors were over, but still there is no success in the Sukma District Collector Alex Paul Menon hostage crisis in Chhattisgarh.
On its ninth day on Monday, the mediators of both sides will meet today for next fourth talk to reach a joint decision on the demand held by the rebels.
As per Chhattisgarh Govt. a legal framework will be revised for considering the demands taken by Maoists. Read more