`Buy Indian Act' to protect steel market
The steel ministry is likely to introduce "Buy Indian Act" - wherein usage of only indigenous products will be allowed for domestic projects. The Act, industry sources said, is a verbatim copy of the "Buy American Act", and aims at boosting indigenous demand and protecting the domestic market from cheap imports.

NTPC identifies sites for thermal projects
National Thermal Power Corporation (NTPC) has identified Jaigad in the coastal Ratnagiri district and coal-rich Vidarbha region for setting up of two thermal power projects with a capacity of 1,000 mw each.

PSU insurance firms acknowledge the rot within
In a rare instance of introspection, the state-owned general insurance companies have finally acknowledged a few of the ills afflicting them. A compilation of the internal assessments made by the four general insurers is a virtual admission that its systems pertaining to underwriting and settlement of claims suffer from serious lacunae.

Inflation rate remains static at 8.16 per cent
The annual inflation rate stood firm at 8.16 per cent in the week ended January 6, despite rise in prices of manufactured products. The point-to-point inflation rate based on the Wholesale Price Index (WPI) for all commodities was static during the week, but significantly higher compared to 3.55 per cent a year ago.

BAL to become hub for Kawasaki bikes
Bajaj Auto Ltd (BAL) will become a global hub for sub-250 range of Kawasaki motorcycles. More and more new motorcycles will be manufactured in the Waluj plant of Bajaj for serving the worldwide Kawasaki network in addition to the Indian market.