- Barclays India freezes retail biz
- India's FDI flows hurt by global slowdown
- Nirma plant must go: MoEF to SC
Barclays India freezes retail biz
Barclays India on Thursday said it is freezing the retail business in the country, a move that comes a day after it sold nearly half of its credit card business to StanChart India.
India's FDI flows hurt by global slowdown
India's exports and foreign direct investment (FDI) inflows have been hurt by the global slowdown, the finance minister told lawmakers on Thursday. India's October exports growth slowed to 10.8% to $19.9 billion, from high doubledigit growth in the early months of the current fiscal year that ends in March 2012. Mukherjee also said the general economic situation was not encouraging and the country cannot remain isolated from the euro zone sovereign debt crisis. Meanwhile, government officials said Mukherjee will meet chief ministers of eight eastern states and chief executive officers of public sector banks and financial institutions in Kolkata on Saturday.
Nirma plant must go: MoEF to SC
The Supreme Court will take a decision on Friday on the the ministry of environment and forests's (MoEF's) decision to revoke the environmental clearance to Nirma Ltd's cement plant in Gujarat. The plant, which was to include a coke oven plant and a captive power plant, all worth an estimated `600 crore, is located on 268 hectares in Saurashtra's Bhavnagar district, on what was revealed to be an ecologically fragile wetland. The MoEF submitted this to Nirma on 1 December and later in an affidavit to the Supreme Court, which is expected to pass orders based on the environment ministry's report Friday.
(Source -: mintlive.com)
