Business Line articles from August 2009, page 4

Business Line archives from August 2009

INFO-TECH: Industry disappointed with high base price for 3G.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug. 27 - The telecom industry expressed disappointment with the Group of Ministers' decision to peg base price at Rs 3500 crore. Mr S.C. Khanna, Secretary, Association of Unified Telecom Service...

INFO-TECH: Wipro Infotech sees rise in integrated IT deals.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Bangalore, Aug. 27 - Wipro Infotech, the India and West Asian arm of Wipro Technologies, has seen an increase in long-term integrated IT deals, compared with the smaller contracts in the past. Such deals...

INFO-TECH: BP projects: Two IT majors lose out in consolidation.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug. 27 - The recent drive at British Petroleum Plc to consolidate its IT vendors appears to be to the disadvantage of two major IT companies, Cognizant Technology Solutions and HCL Technologies. ...

MARKETING: Coca-Cola launches new marketing campaign for Thums Up.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug. 27 - Coca-Cola India announced the launch of a new marketing campaign for their brand Thums Up. The new campaign takes forward the daredevil image formed in its previous campaigns. The...

LOGISTICS: Courier companies wary of proposed Customs regulations.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The large courier players - with international fast delivery services - have voiced concern over the proposed Courier Imports and Exports (Electronic Declaration and Processing)...

MARKETING: US restaurants keen to set up shop here.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - Following the successful entry of Kentucky Fried Chicken, Pizza Hut and various other global brands, some of the leading food and restaurant brands in the US seek to foray into the Indian...

LOGISTICS: New berthing system at Paradip cuts waiting time.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kolkata, Aug. 27 - The number of ships waiting for berths at Paradip port has suddenly dropped substantially, nearly by 50 per cent. Paradip Port Trust sources would attribute it to the new system introduced...

LOGISTICS: Port workers to go on indefinite strike from Sept 15.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kochi, Aug 27 - The representatives of five recognised federations of port and dock workers in major ports have unanimously decided to resort to an indefinite nationwide strike from September 15, as the...

MARKETING: Emami plans to use Chlorophyll for integrating Zandu brands.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug. 27 - After the acquisition of Zandu Pharma, Emami is planning to appoint Chlorophyll, the Mumbai-based brand and communications consultancy, for integrating the brands of the companies. ...

BANKING/FINANCE: 12 branch licences issued to foreign banks.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - The Reserve Bank of India stuck firmly to the commitments made by India at the WTO and gave exactly 12 branch licences to foreign banks during the last year. According to the annual...

BANKING/FINANCE: 'States miss fiscal targets due to stimulus packages'.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug. 27 - Efforts by State Governments for achieving fiscal correction and consolidation while seeking to stick to targets fixed under their respective Fiscal Responsibility Legislation...

BANKING/FINANCE: Earnings from foreign currency assets drop.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Bangalore, Aug. 27 - The Reserve Bank of India's annual report for the last financial year showed a drop in earnings from deployment of foreign exchange assets. Earnings from foreign currency assets dropped...

BANKING/FINANCE: Frauds on the rise.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - There has been a sharp increase in the number of frauds and amounts involved that are reported by banks to the Reserve Bank of India. The RBI annual report notes that apart from traditional...

BANKING/FINANCE: Dollarisation of the Yuan?
August 28, 2009... from BUSINESS LINE, August 28, 2009 It's the new kid - rather adult - on the block. China has, by far, the highest foreign exchange reserves of any country in the world, topping $ 2 trillion. It owns most of it, as its foreign debt is much...

BANKING/FINANCE: Household savings fall.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug. 27 - Net financial savings of the household sector in 2008-09 were 10.9 per cent of GDP in 2008-09, lower than 11.5 per cent in 2007-08. The decline in the household investments in shares and...

BANKING/FINANCE: Inward remittances show marginal rise.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug. 27 - Private transfer receipts, comprising mainly remittances from Indians working overseas, increased in 2008-09 to $46.4 billion from $43.5 billion in 2007-08, according to the Reserve Bank of...

BANKING/FINANCE: Oriental Bank CMD.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug. 27 - Oriental Bank of Commerce (OBC), a public sector bank, has a new Chairman & Managing Director in Mr T.Y. Prabhu. Prior to this appointment, Mr Prabhu was an Executive Director of Union...

OPINION: Taxing aviation fuel.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Your paper has been consistently arguing for the Government maintaining an arm's-length distance as far as the commodities space is concerned, and quite rightly so. Aviation fuel is a commodity that can be...

OPINION: Drought-proofing.
August 28, 2009... from BUSINESS LINE, August 28, 2009 The activists and environmentalists campaigning against industrialisation should now come forward to explain what farmers can do in this critical situation that has arisen in the absence of the rains....

OPINION: Draft Direct Tax Code - Could be more senior-friendly.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Policymakers, income-tax consultants, income-tax payers and the general public have been weighted down by the current Income Tax Act 1961, which has undergone innumerable and complex ad hoc changes. All...

OPINION: FTP: Long-term strategy missing.
August 28, 2009... from BUSINESS LINE, August 28, 2009 The Foreign Trade Policy (FTP) for the next five years announced on Thursday by the Commerce Minister, Mr Anand Sharma, is the second major policy initiative of the UPA Government, after the Budget. The FTP...

OPINION: Micro-insurance needs technology push.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Din Dayal owns two bighas of land in the suburbs of Mandla in Madhya Pradesh. Like others of his ilk, he waits for the monsoons every summer, prays that it will rain on time, neither too much nor too little....

OPINION: India-Korea CEPA - Gains likely to be non-commercial.
August 28, 2009... from BUSINESS LINE, August 28, 2009 The Indian Commerce Ministry has been a hub of activity this month, signing two important trade agreements with South Korea and Asean. Of the two pacts, the former being a Comprehensive Economic Partnership...

OPINION: Opening up education.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Education for all, like food for all and health or work for all, has been a catchy slogan for decades. It is largely interpreted as having institutions for primary, secondary and higher education in sufficient...

OPINION: Paradigm shift in Indo-US relations.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Monographs, especially on complex issues such as international relations, have the potential to be painfully pedantic and opinionated. But this one is fortunately different. The author, Ms Kripa Sridharan, has...

MARKET WATCH: MFs see pick up in SIP investments.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug. 27 - Several mutual fund officials said there is currently a pick up in fresh systemic investment plan (SIP) accounts. "Eight to ten per cent of SIP accounts have been closed over a longer...

MARKET WATCH: Bombay Rayon Fashions (Rs 205.25): Buy.
August 28, 2009... from BUSINESS LINE, August 28, 2009 We recommend a buy in Bombay Rayon Fashions from a short-term perspective. It is apparent from the charts of the stock that it has been on medium-term up trend from July low of Rs 140. Moreover, the stock has...

MARKET WATCH: Day Trading Guide.
August 28, 2009... from BUSINESS LINE, August 28, 2009 The data in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the...

MARKET WATCH: Oil exploration cos' stocks hog limelight.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kolkata, Aug. 27 - A few offshore and onshore crude oil drilling and exploration companies have seen significant surge in their prices in the past one month. According to market observers, though recent rise...

MARKET WATCH: BP deal lends revenue visibility to IT majors.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Even as the markets have already been marking up IT stocks, British Petroleum (BP), an existing client for several Indian IT majors, has awarded a long-term deal that is reportedly worth $1.5 billion which...

MARKET WATCH: Nifty futures see 76% rollover.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - The Nifty September futures saw a healthy rollover of 76 per cent, which is substantially higher compared with the last three months. It ended in premium at 4,697.8 against the spot close of...

MARKET WATCH: MFs turn cautious in G-secs on fears yield may harden.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kolkata, Aug. 27 - Mutual fund companies will closely watch in coming months the impact of the introduction of cash management bills (CMB) on the yield cycle before deciding on further investments in...

NEWS: Exim Bank extends $20-m line of credit to Eritrea.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug. 27 - Export-Import Bank of India (Exim Bank) has for the first time extended a line of credit (LoC) to Eritrea in north- east Africa. Of the total LoC worth $20 million, $10 million would be...

NEWS: NMDFC authorised capital to go up.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The Union Cabinet has approved an increase in the authorised share capital of National Minorities Development Finance Corporation (NMDFC) from Rs 850 crore to Rs 1,000 crore. Accordingly,...

NEWS: Directorate of trade remedy measures is an omnibus body: Khullar.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The proposed Directorate of Trade Remedy Measures outlined in the foreign trade policy (FTP)on Thursday is not just an adjunct for extending trade defence measures but is an omnibus body to...

NEWS: 'Govt has the grit to support SMEs, labour-intensive exporters'.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - Against grim global trading milieu and falling markets, the five-year foreign trade policy (FTP) unveiled by the Government on Thursday is "a bold statement to reassure small and medium...

NEWS: No consensus yet on goods, services tax: Pranab.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The Union Finance Minister, Mr Pranab Mukherjee, on Thursday said that the State-level differences regarding Goods and Services Tax continue to exist even after the meeting of the Empowered...

INFO-TECH: Jet Air, pilots' union called for talks.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Mumbai, Aug 27 - Jet Airways and its pilots' union National Aviators' Guild (NAG) have been asked to attend conciliation proceedings under Section 12 of Industrial Disputes Act 1947, on August 31 at office of...

NEWS: Exporters gung-ho over trade policy.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - Exporters today welcomed the Foreign Trade Policy which has put on their platter among other things subsidised credit as also enabling them to diversify into newer markets. Mr Sunil...

NEWS: CCEA nod for interest subsidy on education loans.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The Centre on Thursday decided to provide full interest subsidy on education loans taken by students belonging to the economically weaker sections for pursuing technical and professional...

NEWS: Ministry defends MAT based on gross assets.
August 28, 2009... from BUSINESS LINE, August 28, 2009 New Delhi, Aug 27 - The Finance Ministry on Thursday defended the concept of gross assets tax proposed under the new direct taxes code, stating that it met both "efficiency" and "equity" considerations. The...

NEWS: VK Saraswat is Scientific Advisor to Defence Minister.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Hyderabad, Aug. 27 - Dr Vijay Kumar Saraswat, missile scientist, has been named as the new scientific Adviser to the Defence Minister and the Director-General, Defence Research Development Organisation (DRDO)....

AGRI-BUSINESS: Rains revive A.P. farmers' hopes.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Hyderabad, Aug. 27 - Bountiful rains in the last few days have revived the sagging morale of the farmers in Andhra Pradesh with the total rainfall deficit dropping to 43 per cent as on August 26, against a 55...

AGRI-BUSINESS: Spices export up in July; overall value, volume down.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kochi, Aug. 27 - Spices exports dropped in volume and value during April-July of the current fiscal. While 1,64,215 tonnes of spices valued at Rs 1,691 crore were exported during April-July, 1,89,870 tonnes...

AGRI-BUSINESS: Spot rubber gains further on short covering.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kottayam, Aug. 27 - Physical rubber prices improved further on Thursday. Sentiments were bullish as the market moved sharply above the critical resistance levels though the major manufacturers remained...

AGRI-BUSINESS: H1 tea import bill increases Rs 26 cr.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Coonoor, Aug 27 - The country's tea import bill continued to rise in June. It had increased by Rs 25.57 crore in the first half of calendar 2009 compared with the same period a year ago. An analysis of the...

AGRI-BUSINESS: Turmeric prices fall as rains lash growing areas.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - Turmeric prices have dropped in the spot and futures market in the last 10 days after running to a record with monsoon gathering momentum. Hopes brighten According to Mr Ramesh Jhawar, a...

AGRI-BUSINESS: Monsoon deficit shrinks to 25%.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug 27 - The seasonal rain deficit has come down by another percentage point to 25 per cent as on August 26 as a freshly active monsoon dropped rains mostly over peninsular India through...

STATES: 'Extend zero per cent EPCG scheme to all textile units'.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Coimbatore, Aug 27 - The textile units and knitwear exporters in Tirupur have by and large hailed the measures announced in the new Foreign Trade Policy (FTP 2009-14) unveiled by the Union Commerce and...

STATES: Plumbing meet begins today.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Hyderabad Aug 27 - The two-day thirteenth edition of Indian Plumbing Conference and exhibition is being organised in Hyderabad on August 28 under the aegis of the Indian Plumbing Association. The conference...

STATES: Lavasa ties up with Wipro for ICT services.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Bangalore, Aug. 27 - Lavasa Corporation Ltd and Wipro Ltd announced their partnership for planning, implementing and managing information and communication technology (ICT) services across Lavasa city. Wipro...

STATES: Banks told to train better focus on farm loans.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug. 27 - The Executive Director of Canara Bank, Mr H. S. Upendra Kamath, has called upon banks to train better focus on improving advances to the State's farm sector since more than 50 per...

STATES: CII seminar on IFRS.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kochi, Aug. 27 - CII Kerala, in association with Ernst & Young as knowledge partner, has organised a seminar on International Financial Reporting Standards (IFRS) here. The IFRS issued by the...

STATES: IOB's rural training institute.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug. 27 - The Thiruvananthapuram District Collector, Mr Sanjay Kaul, has inaugurated a Rural Self-Employment Training Institute (RSETI) set up here by the Sneha Trust sponsored by Indian...

STATES: ICICI puts property in Chennai on sale.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - The ICICI Group is selling off its half acre property with commercial building at Santhome close to the seaside. The property has been in the market for sometime now and the bank has...

STATES: Pepper futures bounce back.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kochi, Aug. 27 - Bullish operations pushed up the prices in the pepper futures market today. The market witnessed "buy depth" on the exchanges with buyers for 700 tonnes as against sellers for 250 tonnes....

STATES: Supplyco helps keep prices down.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug. 27 - The Kerala State Civil Supplies Corporation (Supplyco) has said that open market prices of sugar and dal are on a downward trend thanks to its massive market intervention...

STATES: Federal Bank launches customer contact centre.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kochi, Aug. 27 - The Aluva-based Federal Bank has launched a contact centre on Wednesday for providing better customer service. The services of the contact centre, which has more than 100 seats, is available...

STATES: Indian law firms invited to UK.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Chennai, Aug. 27 - The UK government wants Indian law firms to set up operations in its country. "We welcome Indian lawyers. The UK immigration policy is aimed at facilitating the entry of people with...

STATES: EoIs invited for Palakkad textile park.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kozhikode, Aug. 27 - The Kerala State Industrial Infrastructure Development Corporation (Kinfra) has invited expressions of interest from entrepreneurs for developing the proposed Integrated Textile Park at...

STATES: Entrepreneurial campaign to visit Kerala campuses.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Thiruvananthapuram, Aug. 27 - The Union Minister for State for External Affairs, Dr Shashi Tharoor, flagged off the 'I am an Entrepreneur Campaign' here recently. The campaign will visit all engineering...

STATES: 'Booster for tea, gem and jewellery and jute exports'.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Kolkata, Aug. 27 - Exports of tea, gem and jewellery and jute may increase by 10 per cent in 2009-10 vis-a-vis last fiscal with a number of incentive schemes announced for the sectors on Thursday in the...

STATES: XCyton eyes septicaemia test kits' launch by 2012.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Bangalore, Aug. 26 - Diagnostics research firm XCyton Diagnostics Ltd is developing a high-end kit to detect septicaemia, a life- threatening condition that infects the blood leading to multiple organ failure....

STATES: Relax organ transplantation Act, says eye bank.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Hyderabad, Aug. 27 - The Eye Bank Association of India (EBAI) has called for relaxation of the Organ Transplantation Act rules to let the eye banks collect more corneas. Addressing a press conference here...

LIFE: Laptop chef!
August 28, 2009... from BUSINESS LINE, August 28, 2009 Recently, in an interview, famous model Carol Gracias stated, "Cooking is something I enjoy. And Sundays give me time to look up new recipes on the Internet and try out new dishes." Well! Carol is just one...

LIFE: Mumbai's Pagoda point.
August 28, 2009... from BUSINESS LINE, August 28, 2009 The drive through a scenic landscape of mangroves, rivulets and green hillocks is refreshing and after one sharp turn, the imposing structure of a pagoda appears out of nowhere on the horizon, towering into...

LIFE: Good old Bergen.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Every city has a feel to it. If one were to associate, say, Mumbai with 'method and madness' or Kolkata with 'character and chaos', then Bergen in Norway brings to mind 'effervescence and aesthetics'. Our...

LIFE: On teen ice!
August 28, 2009... from BUSINESS LINE, August 28, 2009 Your ever-so-obedient child who once brachiated along monkey bars suddenly has regular tetchy outbursts. You wonder why the jaunt with friends is always scheduled on the same day as the family reunion. Yes,...

LIFE: A tale of two animosities.
August 28, 2009... from BUSINESS LINE, August 28, 2009 "Mujhe India nahi aana hai, waha par toh schools mei Quaid-e-Azam pe laanat boltey hai. (I don't want to come to India because in Indian schools Quaid-e-Azam is cursed)." I was taken aback to get this comment...

LIFE: Beauty check.
August 28, 2009... from BUSINESS LINE, August 28, 2009 Constant exposure to harsh summer and winter makes skin lose its suppleness and freshness. From splashing the face with water to using exclusive skin products boasting the goodness of water from healing...

LIFE: When diabetes enters life.
August 28, 2009... from BUSINESS LINE, August 28, 2009 I'm 54, 5 ft 6 inches, 64 kg, and was recently diagnosed with diabetes. Please suggest simple techniques and a suitable diet to lower my blood sugar level. D.P. Soni It's important to take a positive stance...

FRONT PAGE: Air India chief warns of lay-offs, if crisis continues.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Mumbai, Aug. 26 - The Chairman and Managing Director of Air India, Mr Arvind Jadhav, for the first time, warned employees of "lay-offs and retrenchment" if the crisis at the airline continues. In a meeting...

FRONT PAGE: Alstom plans metro rail coach facility in Sri City.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Chennai, Aug. 26 - French transportation major Alstom is planning to set up a metro rail coach factory near Chennai. Sources in the Government of Andhra Pradesh confirmed to Business Line that Alstom is...

FRONT PAGE: Airport development fee at Delhi, Mumbai legal, says Court.
August 27, 2009... from BUSINESS LINE, August 27, 2009 New Delhi, Aug. 26 - The Delhi High Court has held that the Airport Development Fee (ADF) being charged at Delhi and Mumbai airports is legal. Dismissing petitions on Wednesday, including one filed by the...

FRONT PAGE: IT players eye big bucks from Govt projects.
August 27, 2009... from BUSINESS LINE, August 27, 2009 New Delhi, Aug 26 - After a slugfest for business in the US and Europe, Indian IT vendors are now rolling up their sleeves for the next skirmish - in the domestic market. India's largest IT services company...

CORPORATE: Allied Blenders to raise Rs 250 cr through IPO.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Bangalore, Aug. 26 - Kishore Chhabria's Allied Blenders & Distillers (ABD) will finally go ahead with its IPO to raise about Rs 250 crore for funding its expansion plan which includes setting up of...

CORPORATE: Sundaram Clayton final dividend.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Chennai, Aug. 26 - Sundaram Clayton Ltd informed stock exchanges that the board of directors has recommended a final dividend of Re 1 per share, for 2008-09. The board earlier paid an interim dividend of Re 1...

CORPORATE: TVS bikes to roll out of Mahabharat factory.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Hosur, Aug. 26 - TVS Motor Company Ltd would roll out in two months two-wheelers from the Uluberia factory of Mahabharat Motors in West Bengal and the vehicles would be manufactured on contract basis, said the...

CORPORATE: Shasun shuts plant in Cuddalore.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Chennai, Aug. 26 - Shasun Chemicals & Drugs has stopped operations of its multi-product facility in Cuddalore from August 25. The company informed the stock exchanges that it has received notice from the...

CORPORATE: MRPL shutdown on power breakdown.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Mangalore, Aug. 26 - The break-down in the power plant of Mangalore Refinery and Petrochemicals Ltd (MRPL) led to unscheduled shutdown of the refinery on Monday night. An MRPL spokesperson said that the...

CORPORATE: Gayatri Projects' pref allotment to Reliance MF.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Hyderabad, Aug. 26 - Gayatri Projects today announced the allotment of one million equity shares of Rs 10 each at a premium of Rs 175 a share on a preferential basis to Reliance Mutual Fund raising Rs 18.50...

CORPORATE: Honda sees City sales zoom, thanks to Jazz.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Mumbai, Aug. 26 - Honda Siel Cars India believes that the Jazz has been the best piece of news from the viewpoint of boosting sales of the City. The car is also helping the company gather key market inputs...

CORPORATE: Escorts to focus on eastern market.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Kolkata, Aug. 26 - Escorts Ltd proposes to step up its share in eastern region in the select range of retail generator market from 10 per cent to 30 per cent in three years, said Mr Rajiv Mukherjee, Regional...

CORPORATE: HEC bags Nuclear Society award.
August 27, 2009... from BUSINESS LINE, August 27, 2009 Kolkata, Aug. 26 - Heavy Engineering Corporation (HEC) has bagged "industrial excellence" award from Indian Nuclear Society for significant contribution towards innovative technology in the field of nuclear...