Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Friday, March 28, 2008

Inclusion of Sterlite Industries in the S&P India 10 index

Mumbai, India (BUSINESS WIRE) - Sterlite Industries (India) Limited ("Sterlite") (NYSE:SLT) is pleased to announce that it has been included in the recently launched S&P India 10 Index (the "S&P India 10"). The S&P India 10 is designed to provide investors with tradable exposure to the Indian equity market as well as serve as a basis upon which to create investment products.

Sterlite is the only company from the Materials sector in the S&P India 10.

The S&P India 10 comprises ten of the largest and most liquid Indian companies which trade on developed market exchanges namely the Hong Kong Stock Exchange, the London Stock Exchange, the NASDAQ or the New York Stock Exchange. In addition, included companies must already be a constituent of the S&P/IFCI India Index, with a float-adjusted market capitalization above US$?500?million and six-month average daily trading value above US$?1?million.

About Sterlite Industries

Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminum, copper and zinc and lead. It is a subsidiary of Vedanta Resources plc, a London-based diversified FTSE 100 metals and mining group. Sterlite Industries' main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminum Company Limited for its aluminum operations. The company operates its own copper operations in India. The company recently entered the commercial energy generation business and is in the process of setting up a 2,400MW independent power plant through its wholly owned subsidiary, Sterlite Energy Limited. In 2007, it generated revenues of $5.9 billion and net income of $1.1 billion. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information,
please visit www.sterlite-industries.com.

Sterlite Industries (India) Limited
Sumanth Cidambi, +91 22 6646 1531 Associate Director - Investor Relations sumanth.cidambi@vedanta.co.in
Sheetal Khanduja, +91 22 6646 1427 Manager - Investor Relations Sheetal.khanduja@vedanta.co.in

Thursday, February 21, 2008

USIBC launches tonight in Chicago Investing in America: The Indian Story

Chicago, (ANTARA News/PRNewswire-AsiaNet) - The U.S.-India Business Council (USIBC), in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI), will tonight launch the Investing in America: The Indian Story initiative at 5:30 PM at the InterContinental Hotel, 505 Michigan Avenue.

Investing in America, to be unveiled by India's Union Minister of Commerce and Industry, Shri Kamal Nath, will showcase the positive contributions made by Indian companies to the U.S. economy, from the creation of jobs, to best management practices exchanges between U.S. and Indian managers, to innovative new business strategies undertaken by Indian companies operating in America. Shri Kamal Nath will be joined by U.S. Trade Representative Susan C. Schwab and India's Ambassador to the U.S., Ronen Sen.

The USIBC-FICCI initiative highlights the top Indian companies operating in America including The Tata Group, Ranbaxy Laboratories, HCL Technologies, Mahindra USA, Satyam Computer Systems, Essar Group, Wockhardt USA, Thermax, ITC Group, Bharat Forge America, Kotak Mahindra, and Jet Airways among others.

Noting the rapid growth of bilateral investment between the U.S. and India, USIBC President Ron Somers remarked, "The new, rising, confident India is making a significant contribution to the American market -- excellent products, world-class management practices, and secure jobs for Americans."

Indian companies operating in the U.S. are adding jobs, technology and value to local communities in nearly every U.S. state.

The initiative focuses on the unique contributions companies of Indian origin are making to the American landscape through technology innovation, employment generation and other means.

USIBC has retained the services of VOX Global Mandate to compile and prepare these contributions for publication which will be shared with the public via roadshows across the United States.

The U.S.-India Business Council (USIBC), formed in 1975 at the request of the Government of India and the U.S. Government to advance commercial ties between the world's two largest free-market democracies, is hosted under the aegis of the U.S. Chamber of Commerce. The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region. The U.S.-India Business Council celebrates its 33rd Anniversary at the U.S. Chamber of Commerce on June 12, 2008 in Washington, D.C.

SOURCE U.S.-India Business Council
CONTACT: Anku Nath of the U.S.-India Business Council,
+1-202-538-0899,
anath@uschamber.com

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