President Francois Hollande has met with the chief of ArcelorMittal after a minister in his government suggested that the steel giant should be ousted from France.
Industrial recovery minister Arnaud Montebourg earlier this week accused the company of lying to the government over its plan to shutter a blast furnace in the northeast town of Florange, threatening some 600 jobs.
The minister later sought to tone down his comments, telling reporters that ArcelorMittal's presence in France "was not in jeopardy."
Hollande met with CEO Lakshmi Mittal on Wednesday to discuss the issue. Hollande said the government would consider nationalizing the plant to save it. "It is part of the subjects of discussion," he said, according to the news agency Sipa.
Coca Cola, the world's largest soft drink maker, today said it won't slow down its USD 5 billion investment plans in India.
The resilient Indian IT industry is building next generation enterprises to leverage the emerging opportunities in cloud computing and mobility space worldwide.
Nissan unveiled a revamped version of its sports utility vehicle- Terrano in Mumbai on Tuesday.
Maruti has launched an upmarket looking Wagon R, called the Stingray (no relevance to Corvette Stingray or any other legendary car with that name plate) in India at Rs 4.09 lakh, ex-Delhi.
Luxury automobile makers Rolls Royce launched their latest offering - the Rolls Royce Wraith - in India on Monday
To summarise the collective commentary on why the rupee is falling, the immediate triggers are the imposition of capital controls and the hike in import duties on 'non-essentials' like gold and flat screen TVs.
Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.