High hat for Tata Steel

MUMBAI: Indian steel major Tata Steel has for the first time made it to the prestigious Fortune Global 500 list of the world’s largest corporations. The company ranks 231 in terms of revenue. Interestingly, Fortune magazine in its July 21, 2008 issue, had for the first time included Tata Steel in its Global 500 list but the company was ranked 315th in terms of revenue. — HNS

EU, UN for Co2 trade

BRUSSELS: The European Union (EU) and the UN have completed all the tests necessary to link their respective schemes for trading emissions of the greenhouse gas carbon dioxide (CO2) by the end of the year. A successful link-up would mean that European companies which sponsor emissions-reduction projects in developing countries such as China and India would be able to get the credit for it at home. — DPA