Page 3 - Mahesh Kulkarni

Low global prices to encourage iron ore import

Incoming quantity likely to be lower than last year's, with increase in domestic production

India likely to remain net importer of iron ore in FY16

However, domestic production of iron ore is set to rise too which will curtail the import demand

Sami Labs to embark on backward integration

Company plans to acquire around 5,000 acres farm land in TN to grow herbs & medicinal plants to ensure adequate supply of raw materials to its plants in India and US

NMDC cuts iron ore prices by Rs 200-500 per tonne

Reduction is Rs 200 a tonne for lumps and Rs 500 a tonne for fines

Normal life affected by Karnataka bandh over Cauvery issue

Pro-Kannada organisations called for the bandh to protest against Tamil Nadu's opposition to the Mekedatu project

APL Apollo Tubes plans Rs 200-cr brownfield expansion

The company is investing Rs 100 crore to take this from 840,000 tonnes to a yearly million tonnes

Blossom showers raise hopes of better coffee output in 2015-16

Most of growing regions in Karnataka, which account for 70% of India's coffee output, have received satisfactory blossom and backing showers

Skylark Mansions set to raise Rs 250 cr to fund expansion

The Bengaluru-based property developer plans to develop 25 million sq ft residential space in Bengaluru, Mysuru, Chennai and Pune this year

Three investors keen to take over Nokia's plant: Tamil Nadu Govt

Says I-T dept not allowing sell-off as it wants a guarantee of Rs 3,500 cr

Auction of 'C' category mines set to be delayed in Karnataka

SC asks state for details on iron ore reserves in 15 up for phased auction

Karnataka fails to utilise Nabard's funds under RIDF

Since RIDF's inception in 1995-96, Karnataka govt has got a total sanction of Rs 10,008 cr, while disbursement is just Rs 7,051 cr

Canara Bank to raise Rs 1,520 cr from LIC

Bank making preferential allotment of 40 million equity shares to insurance major

Bengaluru start-up Swiggy raises $2 mn from SAIF, Accel Partners

The firm takes orders online and delivers food from select restaurants in Bengaluru

FY15 proves to be worst year for KIOCL

Capacity utilisation at its pellet plant in Mangaluru falls to 23%; seeks mining assets under amended MMDR Act, 2015

Coffee exports decline 8.5% to 283,929 tonnes in FY15

Decline in shipments is mainly due to fall in price in international markets during Jan and March 2015

Coffee exports decline 8.5% to 283,929 tonnes in FY15

Despite record domestic crop, a sudden drop in global prices in the March quarter led to a fall in annual exports

Karnataka not to relax tax laws for e-commerce firms

CM to legislature: No relaxation for any; many online platforms, vendors have complied with notices; Flipkart pays Rs 226 crore

Bosch eyes motorcycle segment for next wave of growth in India

The Germany-headquartered group has developed a bouquet of products for the motorcycle segment

Iron ore production in FY16 estimated to grow 10% to 140 mn tonnes

As many as 199 mining concessions including 15 iron ore leases are expected to be auctioned

NMDC appoints Deloitte to study viability of merger with KIOCL

PwC had recommended merger of both PSUs as a viable option