- Kumar Mangalam Birla's UltraTech Cement quarterly profit falls 52% to Rs 264 crKumar Mangalam Birla FIR case raised at British PM's official home, claims 'shocked' Anil AgarwalManmohan Singh says coal block for Hindalco Industries was 'entirely appropriate'BHP Billiton exits 9 oil & gas exploration projects in India, may hit foreign investments
heftier push to improve the investment climate is not in sight. Without it, India will remain a hostage to whimsical hot money.
- BHP Billiton is surrendering the right to dig for oil and gas in as many as nine blocks in India, the company said on Oct. 21, citing an "inability to carry out exploration operations."
- Wal-Mart Stores Inc. called off its India joint venture with Bharti Enterprises on Oct. 9. The U.S. retailer "will continue to advocate for investment conditions that allow FDI multi-brand retail in India," Asia Chief Executive Scott Price said in a statement.
- South Korea's POSCO said in July it would pull out of a $5.3 billion steel project in India's Karnataka state because of delays in receiving iron ore mining rights and opposition from residents which had held back land acquisition.