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Thursday, August 4, 2011

Business News

  • Tata Metaliks may close Goa Plant
  • Lebua Hotels to open luxury hotel in Delhi

Tata Metaliks may close Goa Plant
Pig iron manufacturer Tata Metaliks Ltd may shut its Goa plant in a week, Harsh Jha, managing director of Tata Metaliks, a subsidiary of Tata Steel Ltd, said on Tuesday. “The iron ore supplies to the Goa plant are halted due to the Supreme Court ban on mining in Karnataka. We may have to close down the plant in a week”, Jha said.

Lebua Hotels to open luxury hotel in Delhi
Lebua Hotels and Resorts, a luxury hotel chain with properties in Bangkok and New Zealand, plans to open a property in New Delhi by 1 December 2011. The `1,000crore plus project will mark the firm's entry into the Indian market through management contracts. This will be the third property of Lebua Hotels and Resorts globally.

(Source-: mintlive.com)