Business Line articles from August 2008

Business Line archives from August 2008

MUTUAL FUNDS: Fixed Maturity Plans now open.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Maturity period greater than 1 year Birla Sun Life (BSL) Equity Linked FMP Series C (Structure) 21 months. The NFO closes on September 10. BSL Equity Linked FMP Series D (Structure) 36 months NFO closes...

FRONT PAGE: K.K. Birla passes away.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kolkata, Aug. 30 Mr Krishna Kumar Birla, noted industrialist and a former Rajya Sabha member, died here on Saturday. He was 90. He is survived by his three daughters, Ms Sobhana Bhartia, Ms Nandini...

FRONT PAGE: Stalemate continues in Singur.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kolkata, Aug. 30 - The impasse over the Tata Motors' small car project site in Singur continued on Saturday with no construction work taking place for the second day in succession. Saturday was the...

FRONT PAGE: Private oil cos suggest win-win formula to.
August 31, 2008... from BUSINESS LINE, August 31, 2008revive retail biz New Delhi, Aug. 30 - Private sector players such as Essar Oil Ltd are considering procuring auto fuel from integrated public sector refining-cum-retailing units for selling them through...

FRONT PAGE: Over 65% of diversified equity schemes underperform their benchmark indices.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Mumbai, Aug. 30 - Those who hold that three to five years is an apt period of time to judge mutual fund returns could do well to take a look at the three-year returns of Indian mutual fund schemes at this...

FRONT PAGE: SpiceJet to seek shareholders' nod on warrants issue.
August 31, 2008... from BUSINESS LINE, August 31, 2008 New Delhi, Aug. 30 - The Delhi-based low cost airline SpiceJet will seek shareholders' nod next month for the financing arrangement recently concluded with investors such as W.L. Ross to infuse more funds...

CORPORATE: FDA nod for Dr Reddy's BP drug.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Hyderabad, Aug. 30 - Pharma Major Dr Reddy's Laboratories Ltd has received approval from the US Food and Drug Administration for its drug, Trandolapril. It is used in the treatment of high blood pressure....

CORPORATE: Dishman Pharma to invest Rs 500 cr in SEZs.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Ahmedabad, Aug. 30 - Bulk drugs and contract manufacturing major Dishman Pharmaceuticals and Chemicals Ltd (DPCL) will invest Rs 500 crore in the next two years on developing two Special Economic Zones...

CORPORATE: 'KK Babu' a doyen who left his own stamp.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kolkata, Aug. 30 - Mr Krishna Kumar Birla, who died in Kolkata on Saturday at the age of 90, joined the family business when he was barely 20. During the early years, he learnt the art of being a good...

CORPORATE: ONGC may rope in Rosneft as local partner in.
August 31, 2008... from BUSINESS LINE, August 31, 2008Imperial Energy Kolkata, Aug. 30 - ONGC may rope in Rosneft Oil Company of Russia as its local partner in Imperial Energy Corporation Plc in case of a successful acquisition of the UK-based company having...

CORPORATE: FACT signs pact with IL&FS.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kochi, Aug. 30 - Public sector FACT has signed an agreement with IL&FS for preparing the master plan for setting up of various industrial and commercial development projects on the land owned by the company...

CORPORATE: ONGC firms up plans for North Tapti offshore.
August 31, 2008... from BUSINESS LINE, August 31, 2008field Kolkata, Aug. 30 - ONGC has firmed up plans for North Tapti offshore marginal gas field in the Gujarat coast. The Rs 580-crore project is expected to produce 1.8 million standard cubic metre of gas a...

CORPORATE: Audi weighing options for luxury small car.
August 31, 2008... from BUSINESS LINE, August 31, 2008launch in India Mumbai, Aug. 30 - German luxury car maker Audi is weighing options for the introduction of its best selling small car A3 and upcoming A1 in India. Although, according to the Audi's...

CORPORATE: Marico teams up with Coconut Board.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kochi, Aug. 30 - In order to strengthen its relationships with coconut farmers of the country, Marico Ltd has entered into a public-private sector initiative with the Coconut Development Board. This...

NEWS: TN clears Rs 9,000-cr investment proposals.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Chennai, Aug. 30 - The Tamil Nadu Cabinet approved over Rs 9,000 crore worth of investment proposals in automobile and engineering sectors. Among the investment proposals is Rs 4,000 crore for a tyre...

NEWS: Fall in coal prices may ease cement cos' burden.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Mumbai, Aug. 30 - The recent fall in coal prices seems to have provided a much-needed breather to cement companies, but it apparently is not enough to protect the depleting profit margins. Coal cost...

NEWS: Gangavaram Port to start operations in Sept.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Hyderabad, Aug. 30 - Gangavaram Port, which is being taken up in public-private partnership near Visakhapatnam, would be formally launched in September. The greenfield port could handle mother vessels,...

NEWS: Nissan-Renault picks Ennore port as base for car.
August 31, 2008... from BUSINESS LINE, August 31, 2008exports Chennai, Aug. 30 - The Nissan-Renault joint venture has selected the Ennore Port over the Chennai Port to export the cars to be produced at its plant coming up in Oragadam, 50 km from Chennai. Both...

NEWS: Exporters disappointed over duty drawback reduction.
August 31, 2008... from BUSINESS LINE, August 31, 2008 New Delhi, Aug. 30 - Exporters by and large have voiced concerns over the revised all-industry drawback rates for 2008-09 announced by the Finance Ministry on Friday, stating that the general reduction in...

NEWS: Koutons Retail India to launch footwear collection in.
August 31, 2008... from BUSINESS LINE, August 31, 2008October Hyderabad, Aug. 30 - Gurgaon (Haryana)-based apparel maker Koutons Retail India Ltd is set to launch its footwear collection across the country from October under the brand name Koutons. "As per...

COMMODITIES: Spot rubber turns weak.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kottayam, Aug. 30 - The domestic rubber prices turned weak on Saturday. The market is declining consecutively for the third time after hitting the historic high of Rs 142 a kg as there has been some...

COMMODITIES: Palm oil may test support, rise.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Malaysian palm oil futures ended sharply higher on Friday on expectations of better exports which prompted some short-covering. However, a volatile energy markets and a similar soya complex kept market...

FRONT PAGE: Weekly news round up.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The country's gross domestic product growth decelerated to 7.9 per cent during April-June 2008 mainly due to near halving of manufacturing sector growth in the first quarter of this fiscal. It is lower...

NEWS: 'Energy rating to be made mandatory for appliances.
August 31, 2008... from BUSINESS LINE, August 31, 2008from Jan' Mumbai, Aug. 30 - The Government is planning to make energy efficiency certification from the Bureau of Energy Efficiency (BEE) mandatory from January 2009 for all electrical appliances. ...

NEWS: Fireworks to cost 20-25% more this Diwali.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Hyderabad, Aug. 30 - Diwali might still be two months away, but expect shopping for this year's festival of lights to burn a bigger hole in your pocket. Not just clothes and sweets, but this year fireworks...

NEWS: ISRO arm's revenue up at Rs 940-cr on satellite.
August 31, 2008... from BUSINESS LINE, August 31, 2008launches Bangalore, Aug. 30 - Two commercial satellite launches made from Sriharikota during 2007-08 have driven up the revenue of ISRO's commercial arm Antrix Corporation to Rs 940 crore for that year. ...

NEWS: Trigger Apparels plans to go global.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Coimbatore, Aug 30 - Trigger Apparels, the wholly owned subsidiary of KG Denim Ltd, is likely to hit the international market in one or two years. "We got the registered trade mark last year. We can now...

NEWS: NZ sees rise in number of Indian students.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Hyderabad, Aug. 30 - The number of Indian students in New Zealand is on steady rise, according to Mr Paul Vaughan, its trade commissioner. Last year, the number of student visa applications from India...

NEWS: Spices exports gain in value, volume.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Kochi, Aug 30 - During April-July 2008, export of all major spices from the country have shown a steady growth both in terms of quantity and value as compared to the corresponding period of last year. ...

NEWS: Cochin Port to adopt new shift timings.
August 31, 2008... from BUSINESS LINE, August 31, 2008 KOCHI, Aug 30 - The Cochin Port Trust has decided to change the shift timings in the Traffic Department with effect from Septemebr 1. The introduction of the new timings with hot seat exchange system...

FRONT PAGE: Larsen & Toubro: Buy.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Investors with a 2-3-year perspective can consider adding the stock of Larsen & Toubro to their portfolio. The company's proven execution skills, quality clientele, well-entrenched presence in a wide range...

INVESTMENT WORLD: FMPs are no substitute for equities!
August 31, 2008... from BUSINESS LINE, August 31, 2008 It is ironical that investors who were perfectly willing to pump money into new-fangled equity funds when the Sensex hovered at 21000 are now developing cold feet with the Sensex at 14000! Fresh money...

INVESTMENT WORLD: Infrastructure in focus.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The investment cycle may now be teetering on the brink of a slowdown, but a recent RBI study of projects (in the private sector) assisted by banks and financial institutions over a five-year period reveals...

INVESTMENT WORLD: Using options to time investments.
August 31, 2008... from BUSINESS LINE, August 31, 2008 After a bull run that lasted a good four years, the temptation is often strong to grab stocks when the market plummets. But your recent experience would have taught you that in a sideways market, gains may...

INVESTMENT WORLD: Making the most of a range-bound market.
August 31, 2008... from BUSINESS LINE, August 31, 2008 In the long run, most of the uncertainties currently clouding the equity market may clear up. But in the short term, they are here to stay. That stock prices aren't going to head steadily in one direction...

INVESTMENT WORLD: Why hedge funds may be good for Indian.
August 31, 2008... from BUSINESS LINE, August 31, 2008markets The Draft Report of the Committee on Financial Sector Reforms headed by Professor Raghuram Rajan was issued for comment in April 2008. Among the proposals that the high-level committee made was the...

INVESTMENT WORLD: Rate sensitives back in focus.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The BSE Sensex gained by 1.1 per cent during the week August 22-29. The interest-rate sensitive sectors such as banking, auto and realty led the increase, with the WPI inflation lower at 12.4 per cent for...

MARKET WATCH: Yellow or white metal?
August 31, 2008... from BUSINESS LINE, August 31, 2008 Which is the best precious metal to invest in: gold, platinum or silver? Gold is the ubiquitous choice due to the glamour and glitter attached to it. However, let us try and find the answer through...

MARKET WATCH: Query Corner: What the charts say.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Is it wise to invest in Suzlon at these levels? Please give me a technical outlook. -- Jagjit Suzlon Energy (Rs 218): It has been a disappointing performance by Suzlon Energy thus far in 2008. The stock has...

MARKET WATCH: Index Outlook.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Sensex (14564.5) 'Stability' was the theme in the Indian stock markets in August; accompanied by the attendant boredom. Though the Indian benchmark was thwarted in its attempt at surpassing the 15500 mark...

MARKET WATCH: Reliance.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Reliance Industries led the stock market lower last week. Though the stock has closed below its 50-day moving average, it has not violated the key short-term support at Rs 2,100 yet. Short-term traders...

MARKET WATCH: SBI.
August 31, 2008... from BUSINESS LINE, August 31, 2008 This stock hovered above the support at Rs 1,320 in the first four trading sessions before recording a strong session on Friday. Immediate target for the stock would be the short-term down-trend line at Rs...

MARKET WATCH: Tata Steel.
August 31, 2008... from BUSINESS LINE, August 31, 2008 This stock reversed from an intra-week trough at Rs 566 last week. But the short-term outlook remains negative and a close above the down-trend line at Rs 620 is needed to reverse this view. Subsequent...

MARKET WATCH: Infosys.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Infosys moved in an extremely narrow band last week, closing below the key resistance at Rs 1,750. But the near-term outlook is now turning positive. An ascending triangle is obvious in the daily chart and...

MARKET WATCH: Unitech.
August 31, 2008... from BUSINESS LINE, August 31, 2008 This stock clung to the key support at Rs 156 in the early part of the week before ending the week slightly above this level. Our short-term stop-loss at Rs 150 has not been penetrated yet. The movement in...

MARKET WATCH: Reliance Infra.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The support at Rs 940 held last week and after a tentative sideways move in the beginning of the week, Reliance Infrastructure registered a strong close on Friday. As we have been reiterating, a...

MARKET WATCH: Sideways movement seen for Nifty future.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Thanks to a sharp Friday rally, the Nifty September future finished marginally higher at 4370.55 against its previous week's close of 4320.15. This, however, came on the back of high volatility, with Nifty...

MUTUAL FUNDS: Quantum Long Term Equity Fund: Hold.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Despite stock market conditions being not too conducive, Quantum Long Term Equity Fund has managed a reasonable return record in the two years since its launch. With an absolute return of about 27 per cent...

MUTUAL FUNDS: Theme funds - Divergent performance.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Diversified funds are usually considered safer bets than sector and thematic funds. But if you are an informed investor with the ability to take a call between sectors and time them well, you can reap a...

MUTUAL FUNDS: 'We can't play every move in the market'.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Mr Satish Ramanathan, Head of Equities at Sundaram BNP Paribas Mutual Fund, talks about the outlook for the Indian economy and the stock market and defends the fund house's strategy of proactively switching...

MUTUAL FUNDS: Reliance Growth: Invest.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Investments by way of SIP (systematic investment plan) with a long- term horizon may be considered in Reliance Growth Fund, considering its track record in delivering consistent returns. The fund has...

SCRIP SCAN: PNB: Hold.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Shareholders of Punjab National Bank (PNB) can stay invested in the stock. Though the stock trades at an attractive valuation, it may under-perform in the near term, given the uncertain interest rate...

SCRIP SCAN: Infosys: Buy.
August 31, 2008... from BUSINESS LINE, August 31, 2008 With bulging cash coffers and inorganic growth aspirations, Infosys Technologies has for long been scouting for suitable acquisitions. It seems to have finally found an ideal candidate in the Axon Group....

SCRIP SCAN: Indiabulls Real Estate: Buy.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The current macro scenario does not augur too well for the real- estate sector with issues such as funding challenges, tapering demand and slowing launches clouding prospects. The sharp de-rating of stocks...

PERSONAL FINANCE: Struggle for a share of affluence.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Are we spending too much time scratching our heads about places like Kabul and Baghdad and paying too little attention to Shanghai, wonders Gabor Steingart in 'The War for Wealth' ( www.tatamcgrawhill.com...

PERSONAL FINANCE: Pairing up to meet financial goals.
August 31, 2008... from BUSINESS LINE, August 31, 2008 I am 32 years old and my wife is 31. Both of us are employed in a software company in Bangalore. Our monthly take-home pay is Rs 1,10,000. We have twin daughters, who are a year old. Currently, our...

INVESTMENT WORLD: Lost in the flavour?
August 31, 2008... from BUSINESS LINE, August 31, 2008 I was recently invited to a typical "all-you-can-eat" buffet. It was interesting to observe adults and children display contrasting eating behaviour. Adults typically heaped their plates with food, perhaps,...

INVESTMENT WORLD: Take note of 'depreciation'.
August 31, 2008... from BUSINESS LINE, August 31, 2008 It is common knowledge that depreciation is a measure of accounting for the wear and tear of an asset arising from use, obsolescence or passage of time. It is important to keep track of the depreciation...

INVESTMENT WORLD: Portfolio mix.
August 31, 2008... from BUSINESS LINE, August 31, 2008 There are a host of investment options to choose from. Bank deposits are safe. As safe as a bank is the obvious dictum. They offer liquidity. And today they give you 10 per cent interest. Under the...

INVESTMENT WORLD: Put 'idle' cash to use.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Are you leaving your money idle in a savings account? I am sure all of us have a savings bank account and our salaries or professional income is deposited there every month. And many of us may not be even...

OPINION: Creating wealth and preserving it are two.
August 31, 2008... from BUSINESS LINE, August 31, 2008different kinds of expertise With assets under advice of Rs 4,000 crore, Wealth Advisors India has already made a mark in the investment advisory business. Mr V. Mahadevan, one of the firm's founders and...

OPINION: Time paper industry went global.
August 31, 2008... from BUSINESS LINE, August 31, 2008 India has the potential to emerge as a manufacturing hub for paper much as it is one for automobiles, auto-parts, and pharmaceuticals. Yet global MNCs and investors have overlooked Indian paper sector for...

INVESTMENT WORLD: Spotlight on commerce.
August 31, 2008... from BUSINESS LINE, August 31, 2008 Investing in malls is no longer as lucrative as it was some time ago, say developers who are looking for alternative options. In tier II cities such as Ahmedabad, property developers are betting on...

INVESTMENT WORLD: Room for hospitality growth in Pune.
August 31, 2008... from BUSINESS LINE, August 31, 2008 The real-estate market may be witnessing a lull and property developers slow to launch projects, but the hospitality segment seems to be buoyant. According to a Knight Frank report, Pune will see 4,500...

INVESTMENT WORLD: Changing Mangalore landscape.
August 31, 2008... from BUSINESS LINE, August 31, 2008 As you drive along the national highways leading to Mangalore city, you see a lot of construction activity. At some places you witness work on flyovers and highway widening, elsewhere you see residential...

FRONT PAGE: Weak manufacturing drags down economic growth.
August 30, 2008... from BUSINESS LINE, August 30, 2008 New Delhi, Aug. 29 - The near halving of manufacturing sector growth in the first quarter of this fiscal has led to the country's gross domestic product (GDP) growth decelerating to 7.9 per cent during...

FRONT PAGE: UTI MF seeks strategic partner.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - UTI Mutual Fund is seeking a strategic partner, Mr P. Chidambaram, told reporters on Friday, after a meeting with UTI officials in Mumbai. The fund house had lined up an initial public...

FRONT PAGE: Obama's anti-outsourcing rhetoric putsIT industry in wait-and-watch mode.
August 30, 2008... from BUSINESS LINE, August 30, 2008 New Delhi/Chennai, Aug. 29 - Stung by the apparent anti-outsourcing overtone of Senator Barack Obama's acceptance speech where the Democrats' Presidential nominee pledged to halt tax sops to companies that...

FRONT PAGE: Regulators get leeway on number of independent directors.
August 30, 2008... from BUSINESS LINE, August 30, 2008 New Delhi, Aug. 29 - Regulators such as SEBI and RBI can continue to prescribe the limit for independent director requirement of companies. The much-awaited new Companies Bill, 2008, which proposes to...

CORPORATE: BILT posts 5.13% rise in Q4 net profit.
August 30, 2008... from BUSINESS LINE, August 30, 2008 New Delhi, Aug. 28 - Ballarpur Industries Ltd (BILT) has reported a 5.13 per cent rise in its net profit at Rs 73.07 crore for the fourth quarter ended June 30, 2008, as against Rs 69.50 crore reported...

FRONT PAGE: We expect 8% growth, says Chidambaram.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - The Finance Minister, Mr. P Chidambaram, said the country's GDP would likely grow close to 8 per cent in the current fiscal. "Last year we expected 9 per cent growth and ended the year...

CORPORATE: L&T betting big on power, railway biz unit.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - Larsen and Toubro anticipates revenues in excess of Rs 4,300 crore annually from the power segment by 2011-12 and over Rs 2,000 crore business a year in two years from its railway business...

FRONT PAGE: Dip in inflation drives Sensex up 516 points.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - The benchmark indices moved up by 3.5 per cent on Friday aided by lower inflation numbers and a positive sentiment in the global markets. The Sensex made a single-day gain of more than...

CORPORATE: Industry captains back Tatas.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Kolkata/New Delhi/Chennai, Aug 29 - Industry leaders are rallying behind Tata Motors calling for an early end to the impasse at its Singur project site in West Bengal, where the company plans to produce its...

CORPORATE: Fiat may delay launch of Linea, Grante Punto.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - Fiat's midsize sedan Linea, scheduled to be launched in September, may come in a month later, according to company sources. "We have always maintained that we will launch Linea in the...

CORPORATE: Work at Tatas' Singur plant hits a roadblock.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Kolkata/Pune, Aug 29 - Work at the Tata Motors' small car project at Singur, about 35 km from Kolkata, came to a standstill on Fridaywith the company deciding not to send any of its employees, engineers and...

CORPORATE: John Energy investing Rs 400 cr for acquiring rigs.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Ahmedabad, Aug. 29 - Hydrocarbon sector service provider John Energy Ltd will invest Rs 400 crore for acquiring seven drilling and work- on rigs for deployment in oil and gas fields of Central Asia and...

CORPORATE: Skoda tops in customer satisfaction.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Pune, Aug. 29 - Automaker Skoda India has emerged the leader in overall customer satisfaction, according to the J.D. Power Asia Pacific 2008 India Sales Satisfaction Index (SSI) study with an overall score...

CORPORATE: Hyundai to organise endurance drive from Delhi to Paris.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Chennai, Aug. 29 - Hyundai Motor India Ltd (HMIL) will organise a Trans- World Endurance Drive from Delhi to Paris as a part of the celebrations to mark the tenth anniversary of its India operations next...

CORPORATE: Fabtech bags BPCL's Rs 103-cr order.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Pune, Aug. 29 - Fabtech Projects and Engineers Ltd, Pune, has bagged an order from Bharat Petroleum Corporation Ltd for installing LPG mounded storage vessels at 12 sites across the country for strategic...

CORPORATE: PSL diversifying into SEZ development.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - Steel-pipe maker PSL Ltd is all set to diversify into development of Special Economic Zones (SEZ), with the company getting the stage-1 approval from the Centre to set up an exclusive SEZ...

CORPORATE: US Exim Bank okays $400 m loan guarantee to Reliance Ind.
August 30, 2008... from BUSINESS LINE, August 30, 2008 New Delhi, Aug. 29 - The US Export-Import Bank (Exim) has approved a $400- million loan guarantee to Reliance Industries Ltd (RIL) to import equipment and services for oil and gas exploration and production...

CORPORATE: Tata BlueScope offering quick-to-install homes.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Hyderabad, Aug. 29 - Want to own a 'next generation', steel framed, small home that would be ready in just a week? You should call Tata Bluescope Steel, the company which is promoting the concept of 'Smart...

CORPORATE: Tata Motors rights issue details on Sept 2.
August 30, 2008... from BUSINESS LINE, August 30, 2008 Mumbai, Aug. 29 - Tata Motors said on Friday that the company will announce the details of its proposed rights issue including the price on September 2. The company would determine detailed terms of the...