Business Line articles from April 2010

Business Line archives from April 2010

FRONT PAGE: NSE defers gold ETF futures on regulatory wrangle.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - NSE has deferred its decision to introduce futures and options (F&O) trading in Gold ETF from Friday after the commodity market regulator Forward Markets Commission (FMC) raised an...

CORPORATE: MRF Q2 net up 40%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - MRF Ltd has posted a 26 per cent increase in sales and a 40 per cent increase in net profit for the second quarter ending March 31, 2010 over the same period last year. It posted a profit...

FRONT PAGE: Pranab hands out tax concessions to India Inc.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, Apr 29 - The Finance Minister, Mr Pranab Mukherjee, today made a number of amendments to the Finance Bill including raising the export duty on iron ore lumps and increasing the standard rate on raw...

FRONT PAGE: SEBI seeks to move all ULIP cases to Supreme Court.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - SEBI has approached the Supreme Court seeking transfer of all public interest litigations filed against its order on ULIPs in different courts to the Apex Court. A SEBI source said the...

FRONT PAGE: Spanco, GTL edge out big players for Maharashtra power distribution deals.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Mumbai-based Spanco and GTL have emerged the top bidders for two separate power distribution franchisee contracts floated by the Maharashtra State Electricity Distribution Company Ltd...

CORPORATE: UltraTech buys Dubai co ETA Star Cement.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - UltraTech Cement, an Aditya Birla group company, has reported a 26 per cent drop in net profit at Rs 229 crore (Rs 309 crore) in the fourth quarter ended March 31. This is largely due to...

CORPORATE: Eicher Motors Q1 net rises 50% on strong CV sales.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - On the back of the highest ever sales of both commercial vehicles (CVs) and components, Eicher Motors Ltd (EML) has announced an increase in its net profit by 49.7 per cent at Rs 9.23...

CORPORATE: Ashok Leyland looks forward to a 'promising' year.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - Ashok Leyland Ltd plans a capital expenditure of Rs 2,000 crore over the next two years including Rs 800 crore in its joint ventures, according to Mr R. Seshasayee, Managing Director, Ashok...

CORPORATE: Bata to get Rs 100 cr for township venture share transfer.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - Bata India Ltd will get Rs 100 crore as upfront payment and 6.4 lakh square feet of built-up area for future transfer of its shares in Riverbank Developers Private Ltd, the 50:50 township...

CORPORATE: Ford India gets new V-P Sales.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Ford India announced on Thursday the appointment of Mr N. Raja as the Vice-President, Sales, effective from April 1. Mr Raja, who will report directly to Mr Nigel Wark, Executive Director,...

CORPORATE: Torrent Power to invest Rs 6,000 cr on Dahej plant.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Ahmedabad, April 29 - Torrent Power Ltd (TPL), part of the Rs 18,600-crore Torrent Group, will invest nearly Rs 6,000 crore on setting up a 1,200 MW gas-based power plant at Dahej, Bharuch district, to meet the...

CORPORATE: Consolidated Const Q4 net jumps 64%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - Consolidated Construction Consortium Ltd has reported a 64 per cent jump in net profit for the fourth quarter ended March 31, 2010, compared to the corresponding quarter in the previous...

CORPORATE: Kesoram to pay 32.5% final dividend.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - The Kesoram Industries Ltd board has recommended a final dividend at Rs 3.25 per share of Rs 10 or 32.5 per cent for the year ended March 31, same as in the previous fiscal. It had paid an...

CORPORATE: Vedanta in pact with minerals institute.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - Vedanta Alumina Ltd has signed an MoU with the Institute of Mineral and Materials Technology for developing technology for recovering materials from waste generated by alumina refinery....

CORPORATE: ArcelorMittal steels itself for soaring costs.
April 30, 2010... from BUSINESS LINE, April 30, 2010 London, April 29 - Steel major ArcelorMittal is in discussions with customers on about how it can pass on some of the huge increase in raw material costs it is expecting, starting in the current quarter, as...

INFO-TECH: Hexaware Q1 profit falls 33%.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - IT services company Hexaware Technologies posted a 33 per cent dip in its first-quarter consolidated net profit even as it expects robust revenue growth in the current quarter due to...

INFO-TECH: Analysts see no immediate impact of H-P deal on India.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Bangalore, April 29 - While Hewlett-Packard's decision to acquire Palm, provider of smartphones powered by the Palm WebOS mobile operating system, may not have any immediate impact on the India mobile market,...

INFO-TECH: Infinite bags Rs 125-cr project.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Bangalore, April 29 - Bangalore-based Infinite Computer Solutions (India) Ltd has been awarded a Rs 125-crore IT modernisation project of the Uttarakhand Power Corporation. The project is part of the...

INFO-TECH: Nokia offers unlimited, free music download.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Pune, April 29 - Within two years of Nokia announcing its plans to enter the mobile applications space, India is already among the top markets for the Finnish major's services strategy. India is now among...

INFO-TECH: 3G auction to end in a day or two: Raja.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Even as the auction for third generation (3G) spectrum entered the 17th day today, the Communications and IT Minister, Mr A. Raja, said that the bidding process will be completed in one or...

INFO-TECH: Genpact Q1 profit dips on higher taxes.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - BPO company Genpact Ltd on Thursday posted a six per cent drop in net income for first quarter ended March 2010 to $28.2 million, hurt by higher taxes but said the long-term outlook is...

INFO-TECH: RBI says Yes to Nokia mobile money transfer.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Aamby Valley, April 29 - Mr Tero Ojanpera remembers the day when he wanted to pay for his purchases at the departmental store using his mobile phone but the woman at the counter told him the store did not...

INFO-TECH: Mahindra Satyam gets SAP certification.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Hyderabad, April 29 - Mahindra Satyam has said that it received SAP certification to provide solutions based on the Run SAP methodology. On getting this certificate, Mahindra Satyam would incorporate the...

CORPORATE: Mahindra Holidays Q4 net at Rs 32 cr.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - An increase in subscriptions led Mahindra Holidays and Resorts India (MHRIL) to post a net profit of Rs 32 crore in the fourth quarter ended March 31, 2010. The company, listed in June...

CORPORATE: Jay Shree Tea to split stock; pay 60%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - Jay Shree Tea board has proposed a dividend of Rs 6 or 60 per cent a share of Rs 10 each. The board also proposed sub-division of stock to Rs 5 each. The proposal would be considered by...

CORPORATE: Puravankara reports three-fold rise in net profit.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Bangalore, April 29 - Buoyed by an 80-per-cent jump in revenues, real estate developer Puravankara Projects posted a three-fold rise in net profit for the fourth quarter of 2009-10. Net profit rose to Rs...

CORPORATE: Biocon Q4 profit trebles on higher sales.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Bangalore, April 29 - Biotechnology medicines major Biocon trebled its fourth-quarter standalone net profit to Rs 72 crore year on year, emerging from last year's currency rate blues. As a group, it topped...

CORPORATE: Madhucon bags Rs 1,198-cr deal for power project.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Hyderabad, April 29 - Madhucon Projects Ltd has announced it has secured a EPC contract worth Rs 1,198 crore for setting up thermal power plant near Krishnapatnam in Nellore district of Andhra Pradesh. The...

BANKING/FINANCE: Barclays lays off 250 employees in India.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - British bank Barclays has laid off 250 employees in India as it has decided to refocus its operations from mass retail banking to mass affluent banking. A spokesperson said the decision to...

BANKING/FINANCE: Call rate ends flat.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - The inter-bank call rate ended flat at 3.75-3.8 per cent on Thursday. Under the liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day...

BANKING/FINANCE: Bond prices up ahead of auction.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Bond prices were up on Thursday ahead of Friday's auction, said dealers. There is an expectation in the market that there will be a good appetite for the papers to be auctioned, said a dealer...

BANKING/FINANCE: Rupee rallies tracking equities.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - The rupee was up by around 12 paise against the dollar tracking the gains in the domestic equity indices and the dollar's weakness against other major currencies. The domestic currency opened...

BANKING/FINANCE: Rise in interest income lifts ING Vysya Q4 net.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Bangalore, April 29 - Higher net interest income has resulted in a 38 per cent increase in net profits for ING Vysya Bank during the fourth quarter of financial year 2009-10 at Rs 67.91 crore as against Rs...

BANKING/FINANCE: Oriental Bank Q4 net rises 62% on better core operations.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Aided by better core operations and decline in cost of deposits, Oriental Bank of Commerce (OBC) has reported a 61.90 per cent increase in net profit for the fourth quarter ended March 31,...

BANKING/FINANCE: Andhra Bank profits up 19% at Rs 240 cr.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Hyderabad, April 29 - Andhra Bank's net profit has increased 19.42 per cent at Rs 240 crore in the fourth quarter ended March 31, 2010 compared with Rs 201 crore in the year-ago period. For the full year,...

BANKING/FINANCE: Fall in treasury income dents IOB's Q4 profits.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - Indian Overseas Bank has reported a 60 per cent decline in net profits to Rs 127 crore for the fourth quarter compared with Rs 322 crore for the same period the previous year. This is due to...

CORPORATE: Zydus Wellness full-year net jumps; to pay 30%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Ahmedabad, April 29 - Popular brands increased the net profit of Zydus Wellness Ltd by 95 per cent while its revenues went up by 38 per cent in the financial year 2009-10, compared with the previous fiscal, the...

CORPORATE: Upper Ganges Sugar posts loss in Q3.(Financial report)
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - The KK Birla Group-owned Upper Ganges Sugar and Industries Ltd (UGSIL) posted a net loss of about Rs 1,087 lakh for the third quarter ended March 31, 2010, against a net profit of Rs 910...

CORPORATE: PTC net down 11% in fourth quarter on higher tax.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Despite a 47 per cent increase in trading volumes, power trader PTC India Ltd has reported an 11 per cent dip in its net profit at Rs 13.8 crore for the fourth quarter of 2009- 10. The...

CORPORATE: Cadila Health full-year net rises 67%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Ahmedabad, April 29 - Formulation and API exports and consumer business growth led to pharmaceutical major Cadila Healthcare Ltd (Zydus Cadila) registering a 26 per cent increase in income while its net profit...

CORPORATE: CESC to revive Balagarh project.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - In a bid to add to its generation capacity, CESC Ltd, the private sector power utility, has decided to revive West Bengal's Balagarh thermal power project abandoned several years ago. A...

NEWS: Food inflation inches down on base effect.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - The annual food price inflation, based on the wholesale price index (WPI), rose 16.61 per cent during the week ended April 17, slower than an annual rise of 17.65 per cent in the previous...

NEWS: Ministers' panel to study petro price under-recoveries.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - An Empowered Group of Ministers (EGoM) has been constituted by the Prime Minister, Dr Manmohan Singh, to look into the issue of under-recoveries incurred by the public sector oil marketing...

CORPORATE: Hyderabad co MTAR delivers critical unit for thorium-based reactors.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Hyderabad, April 29 - India took a small step forward towards building nuclear reactors based on thorium fuel cycle with the manufacture and delivery of a vital component, the fuelling machine head, the first...

CORPORATE: Nuclear Power Corpn to team up with IOC, Nalco.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Hyderabad, April 29 - After its recent agreement to form a joint venture with NTPC to set up nuclear power plants, Nuclear Power Corporation of India (NPCIL) is now in the process of concluding similar...

LOGISTICS: 'Domestic airlines will carry 16-18 cr passengers by 2020'.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Domestic air traffic will be between 16-18 crore annually while international traffic will exceed 8 crore by 2020, the Minister for Civil Aviation, Mr Praful Patel, informed the Lok Sabha...

NEWS: No major change in fertiliser prices: Jena.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - The Ministry of Chemical and Fertilisers on Wednesday said that there has been no major change in fertiliser prices since the Nutrient-Based Subsidy (NBS) was introduced earlier this...

NEWS: 'Wind energy companies should explore global biz opportunities'.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - Wind energy companies, including machinery manufacturers, should look at business opportunities in other countries such as Africa and some of the neighbouring nations, according to Dr Farooq...

NEWS: Scindia stresses need to tap Latam, Caribbean markets.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Mr Jyotiraditya Scindia, Minister of State for Commerce and Industry, said that even as the emerging markets are growing at a healthy 4 per cent compared with 0.5 per cent growth in the...

NEWS: Tax implications of IFRS convergence being studied.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - The Corporate Affairs Ministry said on Thursday that it would ask the Finance Ministry to ensure that there is no adverse impact of tax liabilities on companies due to the convergence of...

NEWS: Pranab dismisses criticism of Budget not being pro-poor.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - The Finance Minister, Mr Pranab Mukherjee, today strongly refuted the criticism that the 2010-11 Budget was not pro-poor, saying it contained several measures that would benefit farmers...

NEWS: Renewable energy sector told to invest in R&D.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - The renewable energy sector, particularly solar energy, should now focus on technology and bringing down costs, said Dr Farooq Abdullah, Union Minister for New and Renewable Energy. ...

NEWS: Boeing President is new AMCHAM chief.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi: The board of the American Chamber of Commerce (AMCHAM) elected Dr Dinesh Keskar, President of Boeing India, as its new Chairman at its eighteenth annual general meeting here on Tuesday. Mr...

NEWS: Crude oil imports dip 14% in March; oil products sale falls 1%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - The domestic refiners imported 14 per cent less of crude oil in March. This drop was for the first time in three months. The reason for decline in imports to 10 million tonnes from 11.69...

OPINION: Planning spends.
April 30, 2010... from BUSINESS LINE, April 30, 2010 The Government has set up a committee, to be headed by Dr C Rangarajan, to tell it what to do about its expenditure. With 17 others as members of this Committee, it will be interesting to see what sort of...

OPINION: Bank wage settlement.
April 30, 2010... from BUSINESS LINE, April 30, 2010 This refers to "New bank wage agreement will give staff Rs 4,816 crore" ( Business Line, April 28). This is not the first time the wage agreement is being settled after more than 30 months. Even earlier,...

OPINION: 'Leading outside the lines'.
April 30, 2010... from BUSINESS LINE, April 30, 2010 The school of thought holding sway for nearly two centuries looked upon organisations as abstractions, composed of formal structures, hierarchies, job-descriptions, standard operating procedures, flow charts,...

OPINION: Improving financial surveillance.
April 30, 2010... from BUSINESS LINE, April 30, 2010 In the wake of the recent crisis, the international community has embarked on a range of initiatives to strengthen the global financial architecture. This was reaffirmed in the recent spring meetings of the IMF...

OPINION: Micro-finance, a success story.
April 30, 2010... from BUSINESS LINE, April 30, 2010 The Indian microfinance sector has played a laudable role in improving the lot of the economically disadvantaged. What's more, it has unleashedthe potential of the economically challenged, propelling them up...

OPINION: France's investment hard-sell.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Recently in Paris In a world where capital flows are headed East to China and India, it may appear strange that a rich European economy should aim for the reverse. Yet that is exactly what France is trying to...

MARKET WATCH: Satluj Jal Vidyut IPO subscribed 43% on Day 1.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Satluj Jal Vidyut Nigam's (SJVNL) initial public offering received bids for 43 per cent (0.43 times) on the opening day. The first day response was good compared with the other PSU companies...

MARKET WATCH: Guar gum export demand may boost listed players.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - The prices of guarseed and guar gum gained four per cent last week on the spot and futures markets. Guar gum prices, for example, gained nearlyRs 500 a quintal until last week but half of...

MARKET WATCH: Mutual funds see no gain from IRDA move on agent fee disclosure.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - Even as the Insurance Regulatory and Development Authority (IRDA) asks insurance companies to disclose commissions paid to agents, mutual fund experts say the step is not enough to create a...

MARKET WATCH: UltraTech Cement result shows fall in realisations.
April 30, 2010... from BUSINESS LINE, April 30, 2010 UltraTech Cement's January-March quarter numbers have come below market expectations . The cement major has reported fall in profits for the second quarter in a row. Net profits have dropped 26 per cent (to Rs...

MARKET WATCH: 'Equity funds have lowest rate of survivorship'.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Equity funds have the lowest rate of survivorship over a five-year period when compared to other fund categories, said a Standard & Poor's-Crisil survey report. S&P Crisil has...

MARKET WATCH: Ucal Fuel Systems (Rs 81.9): Buy.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Investors with a short-term trading perspective can consider buying the stock of Ucal Fuel Systems. The down-trend from the January peak of Rs 110 halted at Rs 64 after the stock retraced 50 per cent of the...

MARKET WATCH: Day Trading Guide.
April 30, 2010... from BUSINESS LINE, April 30, 2010 DLF DLF is experiencing selling interest at higher levels. Utilise rallies to sell the stock with stop at Rs 315. ICICI Bank The stock bounced up almost 3 per cent on Thursday. We recommend a buy with stop...

MARKET WATCH: Corporate news.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Coimbatore, April 29 - Apollo Tyres Ltd's workers at its plant at Perambra (Kerala) have resorted to going slow, resulting in considerable drop in the production. The workers are doing this as a 'pressure...

MARKET WATCH: Sanjiv Misra joins BSE board.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Dr Sanjiv Misra, a retired IAS officer and former member of the 13th Finance Commission, has joined the Bombay Stock Exchange as a Public Interest Director (PID) on the board, a BSE release...

AGRI-BUSINESS: Coconut exports to US, Euro zone rise 30%.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kochi, April 29 - Despite the recessionary trends prevailing in the US and European markets, exports of coconut products from the country registered significant growth in the last two years thanks to the...

AGRI-BUSINESS: Poppy seed prices may fall.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kochi, April 29 - Poppy seed prices in the domestic and world markets are likely to fall on increased availability, outweighing the normal consumption of about 18,000 tonnes and creating a sizeable surplus this...

AGRI-BUSINESS: Spot rubber rules weak.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kottayam, April 29 - Spot rubber weakened further on Thursday. Heavy losses in the domestic futures dampened the market mood and most of the traders were hesitant to expand their commitments afraid of further...

AGRI-BUSINESS: Jute industry fears 25% dilution in packaging norms.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kolkata, April 29 - The jute industry apprehends a further dilution of the mandatory Jute Packaging Materials Act (JPMA) and an announcement is likely to be made after the Standing Advisory Committee (SAC)...

AGRI-BUSINESS: Rs 363-cr relief package for small coffee growers.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi/Bangalore, April 29 - In a move that is expected to benefit small growers, the Union Finance Minister announced a Rs 363-crore debt relief package for the coffee sector in New Delhi on Thursday. The...

NEWS: Zee board okays 1:71 swap ratio for 9X buy.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - The board of directors of Zee Entertainment Enterprises Ltd (ZEEL) has approved the scheme of arrangement between the company and INX Media Private Ltd (INX) for the demerger of '9X' General...

MARKETING: VIP hopes to bag French luggage brand Delsey.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mumbai, April 29 - Having bounced back into the black, the Rs 661- crore VIP Industries is looking at the possibility of acquiring the luggage brand Delsey. Currently it has a distribution arrangement with...

MARKETING: Costs may play spoilsport in 3D TV spread.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Even as durables companies jump onto the 3D LCD television bandwagon, industry watchers are debating the long- term viability of the technology. Riding on the popularity of Hollywood films...

LOGISTICS: Kolkata, Kochi ports yet to implement new wage pact.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Kochi, April 29 - The Water Transport Workers Federation of India has requested the Shipping Ministry to advise the managements of Kochi and Kolkata Port Trusts to honour the new wage settlement of port and...

MARKETING: Frooti's 'reality TV' ads aim to shock and awe.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 28 - It's called the King of Fruits but if some larger-than-life specimens of it were to come tumbling down the road out of nowhere or shatter your reverie by falling down from above, what would...

LOGISTICS: Rlys' assured transit time service comes a cropper.
April 30, 2010... from BUSINESS LINE, April 30, 2010 New Delhi, April 29 - Container train operators have refused to bite the Railway Ministry's bait of paying higher rates for the "assured transit time" (ATT) service. Over four months after the service was...

MARKETING: IAA world meet in Moscow from May 12-14.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - The International Advertising Association (IAA) is scheduled to hold its 42 {+n} {+d} World Congress in Moscow from May 12-14. A press release says 1,200 delegates from over 40 countries are...

MARKETING: Louis Philippe steps into footwear.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - Louis Philippe, the premium apparel brand from Madura Garments, a division of Aditya Birla Nuvo Ltd, expects to do in footwear what it has done in apparel since it was launched in 1989 -...

STATES: Court sets aside HPCL order terminating dealership accord.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Chennai, April 29 - The Madras High Court has set aside an order dated August 27, 2009 issued by the State-owned Hindustan Petroleum Corporation Ltd terminating the dealership accord for retail outlet of the...

STATES: Sudhir P. Ghate, Chairman, Magnum Intergrafiks; Mangalore University.
April 30, 2010... from BUSINESS LINE, April 30, 2010 Mangalore, April 29 - India, which is on the path of rapid growth, offers good scope for the growth of advertisement industry. The industry would open up tremendous opportunities for the young in the next two...