Spectacle Industries to spend Rs240 cr for buying iron, manganese ore mines
Spectacle Industries Ltd, the erstwhile Khaitan Mills Ltd, said it plans to spend about Rs240 crore for buying iron ore and manganese mines and a processing plant in Madhya Pradesh and Orissa.

In a filing to the Bombay Stock Exchange, the company said it has signed a memorandum of understanding (MoU) with Metalite Coke and Coal Pvt Ltd (MCCPL) and Mangal Steels Pvt Ltd (MSPL) to...

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Price of your cuppa tea goes up due to demand-supply gap
The price of a common man’s favourite beverage tea is slated to go up by this week-end. The Federation of All-India Tea Traders Association (FAITTA), while raising tea prices by Rs20 per kg, has warned about a similar price hike in June, if the supply situation remains the same at auction centres.

The stock position of tea with most traders is poor because we did not get supply in...

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A Ringside View

If Janet Tavakoli had written another book about the recent financial meltdown, it would have got lost on the bookshelves. In a remarkable marketing coup, she draws the reader into the story of the US financial collapse through her personal interactions with the legendary investor Warren Buffett which is captured in the title. A close interaction with the world’s second richest man is surely a...

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