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Steel Exchange to issue securties worth Rs 300 cr
Steel Exchange India has plans to increase the authorised capital of the company. The decision, in this regard, is expected to be taken in company"s board meeting on January 22.

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Back on the farm
Gates-food: When Bill Gates was a young man, he wanted to turn his taste for software into a successful business. The Microsoft founder got rich beyond any technologist’s dreams. But Gates has changed over the years. His latest idea isn’t quite to get poor through low technology, but he will be giving away money to help people engaged in the simplest of economic activities: subsistence agriculture.

News of the day

Mumbai Monorail to be commissioned by year-end
Engineering major Larsen & Toubro and Malaysia’s Scomi Group are expected to commission the first phase of Mumbai Monorail, the country’s first such system, by the end of this year.
Corporate

Arms donors

The echo of India’s controversial Rs 10,000-crore Barak surface-to-air missile deal with Israel is being heard in faraway London. According to a leading London newspaper, “One of the Liberal Democrats’ most generous donors has been accused of accepting tens of millions of pounds in kickbacks from an arms deal between an Israeli company and the Indian Government …” The newspaper quotes Indian sources to say the payments were disguised as ‘business charges’ since India officially prohibits the use of middlemen in defence deals.


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