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Bad omen for the economy: Demand in India is cooling, shows RBI survey

The capacity utilization rate, consumer confidence, and the outlook for demand in the manufacturing sector in the third quarter were less optimistic, the results of separate surveys released by the Reserve Bank of India show. That bodes ill for an economy already grappling with a weak rupee and elevated prices of crude oil — the nation’s top import

Nine dead, 14 hurt in blast at SAIL’s Bhilai plant

According to SAIL’s website, the Bhilai steel plant, located around 30 km from the capital, is India’s sole producer and supplier of world class rails for the Indian Railways, including 260 metre long rails, and a major producer of a large variety of wide and heavy steel plates and structural steel.

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