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Mittal Investments has signed a Memorandum of Understanding (MOU) with HPCL, Oil India, GAIL and France’s Total S.A. to develop a refinery and petrochemical plant in Visakhapatnam. LN Mittal group will also be working with HPCL to set up a refinery in Bhatinda, Punjab. The Bhatinda refinery project has been delayed for many years due to political issues and Mittal Group was successful in picking up 49% stake in the project.

In the statement issued, HPCL CMD Mr. Arun Balakrishnan said, "We have signed a memorandum of understanding to study the feasibility of a refinery and a petrochemical complex. We expect to receive the report by March."

London, Oct 18 : Space diving where the jumpers hurtle back to Earth is all set to replace bungee jumping and hang gliding as the latest extreme sport.

Biocon, Bangalore-based bio-technology company has got nod from the Drug Controller General of India (DGCI) to promote brease cancer drug Abraxane (Nanoparticles based, albumin bound paclitaxel) in