Briefly Business

Hancock Deal: GVK to invest 6 billion

NEW DELHI: GVK Group,which has announced to acquire assets of Hancock Coal in Australia for 1.26 billion,is likely to invest additional 6 billion in the first phase of development,a senior company official said.

Decision on NMDCs 50 stake in Legacy today

NEW DELHI: State-owned NMDC,which has put in a bid to acquire 50 per cent holding in Australian exploration firm Legacy Iron Ore,is expecting to get a favourable decision today.

Vodafone,Conexus in pact for global presence

LONDON: Vodafone on Tuesday formed a partnership with Conexus Mobile Alliance which will expand market presence of both the firms across the world.

Govt extends Nilekani panel terms of reference

NEW DELHI: The government on Tuesday extended the terms of reference of the Nandan Nilekani-led task force on direct subsidies on kerosene,LPG and fertiliser to include an unified payment infrastructure facilitated by UIDAIs Aadhaar scheme.

Nasik airport kicks off cargo services

MumbaI: HALCON,a joint working group between Hindustan Aeronautics Limited and Container Corporation of India along with the terminal operator Clarion Solutions have announced the commencement of air cargo services at Ojhar airport,Nasik.

Consumer inflation rises to 9.52 per cent in Aug

New DelHi: Inflation based on the Consumer Price Index for Agricultural Labourers CPI-AL rose to 9.52 per cent in August,from 9.03 per cent in the previous month. Rate of price rise based on Consumer Price Index for Rural Labourers CPI-RL rose to 9.71 per cent in August.