Briefly Business

SAIL merges Maharashtra Elektrosmelt

New Delhi: SAIL on Monday said it has merged Maharashtra Elektrosmelt with itself and plans to infuse around Rs 1,500 crore capital in the ferro-alloys maker.

ING Vysya Bank Q1 net up 36 per cent at R94 crore

New Delhi: ING Vysya Bank posted 36 per cent increase in its net profit at Rs 94 crore for the quarter ended June 2011.

June CPI at 108.8 points; food,fuel more expensive

New Delhi: Select food items,fuel and housing grew more expensive in June,leading to an over 1.5 per cent rise in the Consumer Price Index vis-a-vis the month of May to 108.8 points.

To examine info sharing on case-to-case basis: Moily

New Delhi: Corporate Affairs Minister Veerappa Moily said his ministry will examine the issue of providing shareholding details of corporates to various agencies on a case-to-case basis.

Essar Ports commissions R1K cr expansion at Vadinar

New Delhi: As a part of its strategy to double its ports capacity to 158 MT by 2013,Essar Ports on Monday said it has commissioned 12 MT expansion at its Vadinar terminal in Gujarat at a cost of Rs 1,065 crore.