Good Morning! News 16.10.2014 1. Tata Steel on Wednesday signed a memorandum of understanding with the Geneva-based Klesch group for the potential sale of its long products business in Europe and associated distribution activities. Analysts said the division accounted for 25 per cent of Tata Steel’s European operations. It produces about five million tonnes of long products like billets, wire rods and rails, and has 6,500 people on its rolls. 2. Haryana and Maharashtra on Wednesday saw higher voter turnouts than those witnessed in these states either in the Lok Sabha polls earlier this year or the previous Assembly elections in 2009 - a traditional indication that people were voting for change. A similar indication came after the end of polling at 6 pm, when all the exit polls showed the incumbent governments in both states were unlikely to return to power. 3. In the largest single order for aircraft maker Airbus, budget carrier IndiGo on Wednesday signed an agreement to buy 250 A320neo planes, taking its number of aircraft on order to 430. 4. The global declining trend has also brought down the price of crude oil that India imports, to $87.46 a barrel, and is set to reduce the governments oil subsidy bill for this financial year. There also are hopes that the retail price of diesel would be lowered shortly. 5. To compete with the billions of Flipkart and Amazon, leading marketplace player Snapdeal is expected to announce its largest round of fund-raising soon. According to sources, the company is likely to raise $600 million from existing investors, led by Japans SoftBank Corp.
Posted on: Thu, 16 Oct 2014 03:48:47 +0000
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