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Business Briefs

Coal mine hunt

New Delhi, July 29: The government has asked sail and rinl to intensify efforts to acquire coal mines in Australia and Canada before the shortage of coking coal jeopardises their capacity expansion plans.

surance security of supplies or acquire controlling stake in the mines,” a top steel ministry official said.

ICICI Bank

New Delhi, July 29: icici Bank plans to expand its credit card business to another 50 cities and expects a 20-25 per cent increase in the segment in the current fiscal.

Mutual funds

New Delhi, July 29: Mutual funds have lined up schemes for the global markets. They feel this will act as a hedge against the fall in the domestic stock market.

GSM entry

New Delhi, July 29: gsm operators have asked the government to stop the entry of new players because of spectrum scarcity.


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