Business Line articles from August 2009

Business Line archives from August 2009

FRONT PAGE: Airlines roll out the red carpet for travellers.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug. 30 - Desperate times require desperate measures and the global airline industry is no different. With the International Air Transport Association (IATA) pointing out in its latest report...

FRONT PAGE: Indian cos hope to tap Australian energy resources if FTA sails through.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug. 30 - At a time when Indian utilities are scrambling for securing energy assets abroad, easier access to Australia's vast natural resources could be among the possibilities for domestic...

FRONT PAGE: Drop in housing loans slows retail credit growth.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Retail credit, which was until a couple of years ago, viewed as a big growth driver for banks, has seen steep moderation in the recent past, data from the RBI Annual Report released this week show. Data...

FRONT PAGE: India-specific hedge funds among top global performers.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Hedge funds investing in India are now among the top performers globally, after languishing at the bottom of the charts, hit by poor returns and outflows in 2008. Inflows into India specific hedge funds,...

CORPORATE: Tata Sons wins trademark case against MakeMyTrip.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Mumbai, Aug. 30 - Tata Sons recently won a trademark case at the World Intellectual Property Organisation against New Delhi-based travel portal MakeMyTrip for the use of the word 'TATA' in the latter's sister...

CORPORATE: Samsung India looks at 25-30% turnover from mobile handset.
August 31, 2009... from BUSINESS LINE, August 31, 2009biz Kolkata, Aug. 30 - Samsung India Electronics Ltd is hoping to generate 25-30 per cent of its total turnover this year from mobile handset business, according to its Country Head, Mobile Business, Mr Sunil...

CORPORATE: FTP, a 'holistic strategy' for exporters: Scindia.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug. 30 - For the Indian exporters reeling under demand recession and thinning order books, there is scarcely any solace. Yet, nothing is lost for them, says the Minister of State for Commerce and...

INFO-TECH: Infosys sees big market in sub-segments of verticals.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Bangalore, Aug. 30 - In a bid to expand its addressable market, Infosys Technologies Ltd is focused on building solutions and domain competencies to tap the sub-segments of industry verticals and horizontal...

INFO-TECH: There is more stability now, says Firstsource CEO.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Mumbai, Aug. 30 - Mr Ananda Mukerji is the CEO of the country's fourth largest back office firm, the ICICI Bank-promoted Firstsource Solutions. In an exclusive interaction with Business Line, he talks about...

INFO-TECH: Harris Stratex eyes role in MTNL WiMax project.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug. 30 - US-based wireless equipment maker Harris Stratex is interested to take part in Mahanagar Telephone Nigam Ltd's franchisee project for rolling out WiMax-based broadband services. The...

CORPORATE: FICCI stress on early conclusion of Doha round.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug. 30 - The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Trade Ministers, who will take part in the Mini-Ministerial meeting in Delhi, to prepare a do-able action...

CORPORATE: More computerisation will curb corruption: DGFT.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Delhi, Aug 30 - Playing a key role in formulating the Foreign Trade Policy this time was a challenging task for the Director General of Foreign Trade, Mr R.S. Gujral, especially with the country's exports...

MARKETS: Liquor co bets big on Gujarat for IPO.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Ahmedabad, Aug. 30 - Gujarat may be a dry state but Globus Spirits is confident of a "good response" from the residents. The New Delhi-based liquor company is scheduled to open its IPO on Monday. Officials...

MARKETS: Monsoon updates could alter liquidity flow.
August 31, 2009... from BUSINESS LINE, August 31, 2009 The market seems to have reached a stage where downside movement risk is relatively limited and chances of an upward rolling in the medium term appears more likely. But the short-term outlook is distinctly...

MARKET WATCH: Tata Motors in the limelight.
August 31, 2009... from BUSINESS LINE, August 31, 2009 With positive data flowing from all corners - better-than-estimated consumer confidence, housing data and technology company earnings - the US markets ended the week on a higher note. The S&P 500 advanced...

MARKETS: Praj Industries (Rs 101.7): Buy.
August 31, 2009... from BUSINESS LINE, August 31, 2009 We recommend a buy in the stock of Praj Industries from a short-term perspective. It is evident from the charts of Praj Industries that following a medium-term correction from June high of Rs 122 to July low...

TRANSPORT: NMPT set to unlock 'box' full of potential.
August 31, 2009... from BUSINESS LINE, August 31, 2009 New Mangalore Port Trust (NMPT), the only major port in Karnataka, is all set to unlock the potential in the box cargo segment. The port is betting on the growth of container cargo over the years, better...

TRANSPORT: Performance of Indian ports in 2008-09: Increased efficiency on all major parameters.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Indian ports have been the target of much criticism for their poor efficiency. But, according to recent government data, the average operational efficiency in the country's 12 major ports has improved...

OPINION: The battle in US healthcare reform.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Remote Area Medical (RAM) is a Knoxville, Tennessee, based NGO that recently organised a health camp. The huge halls were full of volunteer doctors treating patients, with several others providing support...

OPINION: Duty-bound to disclose information.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Following the Watergate break-in when Richard Nixon was the US President, the Senate held a series of hearings to ascertain his complicity in the suspected cover-up. The most important witness for this purpose...

OPINION: Leaving no village out.
August 31, 2009... from BUSINESS LINE, August 31, 2009 In any development, entry costs are critical barriers. Further, interest rates are a primary factor in entry costs. Hence, many feasible enterprises never see the light of day mainly because of high interest...

OPINION: Pricing 3G.
August 31, 2009... from BUSINESS LINE, August 31, 2009 It is perhaps the anxiety to bridge the widening fiscal deficit rather than a concern for keeping the costs of running the third generation mobile services (commonly called 3G services) low that has driven the...

OPINION: Water crisis.
August 31, 2009... from BUSINESS LINE, August 31, 2009 This has reference to "The escalating water crisis" (Business Line, August 29). World over, energy is priced taking into account the value of fossil fuels and natural resources. But water, as the article...

OPINION: Prices and inflation.
August 31, 2009... from BUSINESS LINE, August 31, 2009 As the prices of essential commodities soar higher, the inflation index shows negative trends! Of what good are such misleading statistics? During the last year the prices of all products of daily consumption...

OPINION: Consensus on Doha Round: An unending quest.
August 31, 2009... from BUSINESS LINE, August 31, 2009 The objective of the international conference to be held in New Delhi later this week is, as reported, not to reach a "breakthrough" on the Doha Round but "to build a consensus among a large number of...

OPINION: Bernanke's continuance in the Fed.
August 31, 2009... from BUSINESS LINE, August 31, 2009 News has come of the US President, Mr Barack Obama, recommending that the Fed Chairman, Mr Ben Bernanke, be given a second term as head of the Federal Reserve. The reactions that this news has received are...

OPINION: One man's fish...
August 31, 2009... from BUSINESS LINE, August 31, 2009 To felicitate the Finance Minister, Mr Pranab Mukherjee, the Federation House on Thursday decided to have a few authentic Bengali dishes on the lunch menu. Perhaps expecting Pranab-da to stay back for lunch,...

BANKING/FINANCE: Dena Bank to cut costs, focus on fee-based income.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Mumbai, Aug. 30 - Dena Bank hopes to offset lower margins by cutting down on costs and focusing on fee-based income, says Mr D.L. Rawal, Chairman and Managing Director. Extending the bank's network to areas...

BANKING/FINANCE: Karnataka Bank cuts deposit rates.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Mangalore, Aug. 30 - Karnataka Bank has reduced the rate of interest on domestic term deposits by 25-50 basis points on various maturities. A bank release said here on Saturday that the new rates would come...

BANKING/FINANCE: Bond yields head northwards on likely surge in Govt spending.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Bangalore, Aug. 30 - Bond yields hurtled northwards driven by speculation of a surge in government spending to neutralise the effect of the weak monsoon on the economy. Traders said the drawdown of...

COMMODITIES: Pepper futures fall despite tight supply position, potential demand.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug 30 - The pepper futures market witnessed a high volatility and all the contracts fell sharply during the week and closed much below the previous weekend closing. Indian parity is competitive at...

COMMODITIES: China demand may drive commodities higher.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Washington DC, Aug. 30 - As major consumer of a wide variety of commodities, the industrial world has always been known for its influence over the commodity markets. However, over the last couple of years,...

COMMODITIES: NY cotton may fall lower.
August 31, 2009... from BUSINESS LINE, August 31, 2009 NYBOT Cotton futures ended higher on Friday on short-covering and industry buying as the market extended its rebound after easing to a two-month low this week. Cotton is now dependent on the performance of...

AGRI-BUSINESS: Mealy bug hits sunflower yield.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Coimbatore, Aug. 30 - The papaya mealy bug pest has not spared the sunflower crop. The crop appears to have lost its sheen due to poor quality material (due to pest attack) on the one hand and declining...

COMMODITIES: Comex gold likely to consolidate.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Comex gold futures rose sharply higher on Friday as a weakening dollar and signs of economic recovery boosted the metal as a hedge against rising inflation in the longer term. The dollar, however, turned...

COMMODITIES: World wheat prices low, India must plan early.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Washington DC, Aug. 30 - With 2009-10 global wheat production forecast to exceed consumption by a good margin, worldwide wheat stocks are expected to expand further. The emerging situation of surplus has...

AGRI-BUSINESS: Mixed trend at Coonoor tea sale.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Coonoor, Aug. 30 - The market showed irregular trend at Sale No: 35 of the auctions of Coonoor Tea Trade Association (CTTA) on Friday as prices refused to rise significantly despite the volume of 12.65 lakh kg...

AGRI-BUSINESS: Growmore develops high-yield bamboo.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Coimbatore, Aug. 30 - The Hosur-based Growmore Biotech has developed a bamboo variety called Beema that is rich in biomass yields. The high-yielding clone is thorn-less, thick-walled, non-flowering and...

COMMODITIES: Gold to trade range-bound; base metals may rise in Q4.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Washington DC, Aug 30 - As concerns over global macro-economy begin to wane and data flows remain positive, commodity market participants are looking closely for signals of price direction. It may be brave to...

AGRI-BUSINESS: 'Steps needed to mitigate impact of climate change on agriculture'.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug. 30 - Mr Mangala Rai, the Director General of Indian Council of Agriculture Research, has called for immediate steps to adapt ways to mitigate the impact of climate change on agriculture, as it is a...

AGRI-BUSINESS: India keen to join Asean seafood exporters' group.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug 30 - The ASEAN Seafood Federation, which is a regional grouping of seafood producers, processors and exporters from the countries of the Association of South East Asian Nations (ASEAN), has invited...

AGRI-BUSINESS: 'Allow private trade to import pulses'.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Chennai, Aug. 30 - An inter-active session of pulses importers and trade has blamed the Centre for floating tenders seeking huge quantity of pulses as one of the main reasons for the prices of these...

STATES: Traffic, land key for world-class railway station development.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Mangalore, Aug. 30 - The development of world-class railway stations in the country will depend on traffic density and availability of land, said Mr K.H. Muniyappa, Union Minister of State for Railways. The...

STATES: Lanxess doubling Madurai plant capacity.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Madurai, Aug. 30 - Lanxess India Pvt Ltd (LIPL), a subsidiary of Lanxess Deutschland Gmbh, Germany, is expanding its plant in Madurai to more than double the production capacity of its material protection...

STATES: PM urged to intervene in gas row.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Hyderabad, Aug. 30 - The Senior Congress Member of Parliament, Mr K.S.Rao, has written a letter to the Prime Minister, Dr Manmohan Singh, to guard against NTPC being dragged into the KG Basin gas controversy....

STATES: Big TV launches festival offer.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug. 30 - Reliance BIG TV has announced a special festival offer for Kerala. The Smart South 2590 offer, valid till September 9, coincides with the festival of Onam. This offer includes Get Starter Kit...

STATES: ABT Maruti on expansion mode.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Coimbatore, Aug. 30 - ABT Maruti, a division of ABT Ltd, has drawn up expansion plans on an outlay of Rs 45 crore. The company recently opened its workshops in Rajapalayam and Thiruparakundram in Madurai and...

STATES: 3M India's car care services.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug. 30 - 3M India's Car Care Division has launched its latest range of services - the Premium Car Interior Cleaning treatment - at Kochi. The service will be available at all leading car dealerships...

STATES: Madurai Book Fair begins.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Madurai, Aug. 30 - The District Collector, Mr N. Mathivanan, inaugurated the fourth edition of the Madurai Book Fair, organised by the Booksellers and Publishers Association of South India (BAPASI), at...

STATES: Meet on e-payment of VAT.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Kochi, Aug. 30 - The Commercial Taxes Deputy Commissioner, Mattancherry, in association with the Indian Chamber of Commerce & Industry, had convened a meeting on e-payment of VAT for the benefit of the...

VARIETY: Akshata Murthy ties the knot.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Bangalore, Aug. 30 - Akshata Murthy, the 29-year-old daughter of Infosys founder and Chief Mentor Narayana Murthy, on Sunday tied the knot with her Stanford classmate Rishi Sunak, in a well-attended ceremony...

STATES: Ramky, Antony Waste vying for Chennai Koyambedu market contract.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Chennai, Aug. 30 - Two bidders are competing for the integrated solid waste management project to maintain the 60-acre fruits and vegetables market in the Koyambedu Wholesale Market Complex and the...

STATES: GVK EMRI signs up Remo.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Hyderabad, Aug. 30 - Pop singer Remo Fernandez has been signed up as the Brand Ambassador for GVK EMRI's 108 emergency response service in Goa. Remo has spent time in understanding the service operations and...

STATES: Govt monitoring drought situation closely: Rosaiah.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Visakhapatnam, Aug. 30 - The Andhra Pradesh Government is fully conscious of the gravity of the drought situation in the State and taking all measures to provide relief to farmers and to the general public,...

STATES: Canara Bank opens 34 branches.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Visakhapatnam, Aug. 30 - Canara Bank is opening 34 branches on Monday in the country, three of them in Visakhapatnam cirlcle, according to a press release issued by the bank here on Sunday. Mr T. Adhikary, the...

E-WORLD: Doctor is online.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Even when she was in college, pursuing her Masters in Software Engineering, Kavitha started earning in dollars by taking up small projects for clients in the US. That was the late 1990s, and Net penetration...

E-WORLD: You take over from here.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Like any other sector, Indian IT industry too struggles under the impact of the global economic downturn. While the immediate effect has been a sharp decline in business volumes and pricing, the industry has...

E-WORLD: Grow your Web site.
August 31, 2009... from BUSINESS LINE, August 31, 2009 You hear colleagues using 'foreign' terms such as PHP and MySQL, and feel ashamed you don't know better. But this shame is fine if it inspires you to learn. For example, if you see your colleague build a...

E-WORLD: mvno - on the go.
August 31, 2009... from BUSINESS LINE, August 31, 2009 AT&T is in talks with major telecom carriers in India to offer MVNO services to enterprise customers. Typically, Mobile Virtual Network Operators (MVNO) use a partner's backbone to offer services. V.S....

E-WORLD: The heart and eyes of AT&T.
August 31, 2009... from BUSINESS LINE, August 31, 2009 The name 'GNOC', for the global network operations centre of America's largest telecom service provider, sounds intimidating. The place itself, at AT&T's premises at Bedminster, NJ, is no less...

E-WORLD: In network we trust.
August 31, 2009... from BUSINESS LINE, August 31, 2009 If you knew that the water you received at home was contaminated, what would be the first thing you would do about it? Get the provider, the water board or municipality in your area, to fix the problem? Sure....

E-WORLD: Beyond the network.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Data research and analytics AT&T is a network company. It also does research in data analysis. Where could these skills come in handy? Chris Volinsky, who heads the data warehousing unit at AT&T Labs,...

E-WORLD: All for fun, fun for all.
August 31, 2009... from BUSINESS LINE, August 31, 2009 For a long time nothing seemed to happen in Microsoft, though one did occasionally hear about some research or the other. This year you can see many things coming out of Microsoft research labs, assures...

E-WORLD: Play from a 'cloud'.
August 31, 2009... from BUSINESS LINE, August 31, 2009 With most of us living our second lives in virtual worlds, chatting with virtual people or even flying to thousands of exciting virtual 3D locations, the 'cloud' definitely looks like the way to the future. It...

E-WORLD: The silver lining.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Recently in Singapore Balu Doraisamy is the Senior Vice-President and Managing Director (Asia-Pacific & Japan) of technology multi- major Hewlett-Packard. Based in Singapore, he is responsible for driving...

E-WORLD: Cyber quest.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Questions 1. What post does Chris Beard hold in Mozilla Labs? 2. In what way is the contribution of Armas Clifford "Mike" Markkula Jr. important in the history of Apple? 3. Name the Toronto-based company that...

MENTOR: Income from house property.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Para 8.2 of Chapter VIII of the Discussion Paper on the new Direct Taxes Code (DTC) states that with a view to simplifying the determination of taxable income and eliminating any scope for litigation, the Code...

MENTOR: Advances for capital goods.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Substantial advances are often paid for supply of plant and machinery. Construction of the asset, to the specifications of the entity, is commenced after the advance is received by the supplier. Supply of such...

MENTOR: Tax incentive on PPF.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Why does the Direct Taxes Code want to do away with Public Provident Fund (PPF) which, to my mind, is an excellent social security net for the middle class? Ricky D'Souza, Panaji The PPF scheme has not been...

66: Coming to grips with that breakfast order!
August 31, 2009... from BUSINESS LINE, August 31, 2009 Hungry kya, as the pizza advert says? Well, what are you waiting for? Just order some food to your room when you are on that business trip or conference. Oh! Oh! So many choices... and much of it sounds...

66: Kaizen for continuous improvement.
August 31, 2009... from BUSINESS LINE, August 31, 2009 This is one of the many Japanese concepts that have found their way into Western management classrooms and corporates. The Japanese word's meaning is closest to 'improvement'; but in management parlance, it...

STATES: GMR Hyderabad Airport to host Rahman's concert.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Hyderabad, Aug. 30 - GMR Hyderabad International Airport Ltd(GHIAL), will host Oscar award winner, A.R. Rahman's 'Jai Ho' Concert on October 24, where over 50,000 people are expected to attend the event. ...

STATES: Feng Tay to double investment in Cheyyar SEZ.
August 31, 2009... from BUSINESS LINE, August 31, 2009 Tiruvannamalai, Aug. 30 - The Taiwan-based Feng Tay Group which is setting up a Rs 300-crore footwear manufacturing unit in its own SEZ here plans to double its investments with a similar facility, according...

FRONT PAGE: Air India may get Rs 5,000-cr equity thrust from Govt.
August 30, 2009... from BUSINESS LINE, August 30, 2009 New Delhi, Aug. 29 - Air India is likely to receive about Rs 5,000 crore as equity from the Government over the next two years. It is also likely to get Government guarantee for a large portion of its...

FRONT PAGE: Panel to look into incentive issue.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Mumbai, Aug. 29 - Air India has decided to form a five-member committee to look into its earlier decision to halve productivity- linked incentives and flying allowance, which saw much opposition from its...

FRONT PAGE: Investors shying from stocks of Reliance cos.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Mumbai, Aug. 29 - The dispute between the Ambani brothers, which is scheduled for a final hearing in the Supreme Court on October 20, seems to have kept investors away from both the Reliance groups' stocks. ...

FRONT PAGE: PM showcases Cairn success to invite foreign investments.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Barmer (Rajasthan), Aug. 29 - The Petroleum Minister, Mr Murli Deora, has assured the Rajasthan Government that his Ministry will consider the demand for a refinery to be set up in the State. The Prime...

FRONT PAGE: Ganpati mandals raking it in despite triple threat.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Mumbai, Aug. 29 - Piety towards Lord Ganesha, considered the remover of obstacles, seems to have triumphed over the economic slump, security concerns and swine flu. The cash registers at various Ganpati...

CORPORATE: Dow, GACL venture may be delayed by 3 months.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Ahmedabad, Aug. 29 - The Rs 600-crore joint venture project between Dow Europe GmbH and State-promoted Gujarat Alkalies and Chemicals Ltd (GACL) at the latter's Dahej Complex in Bharuch District is likely to...

CORPORATE: Ucal finds going better after partner's exit.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Chennai, Aug. 29 - Relieved of the shackles of a collaboration agreement, Ucal Fuel Systems Ltd says that business has been easier after the exit of its Japanese partner, Mikuni. Mikuni Corporation, which...

CORPORATE: Maytas Infra posts Rs 16.2 cr loss in Q1.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Hyderabad, Aug. 29 - Maytas Infra has finally turned up financial figures, which show a loss of Rs 16.28 crore during the first quarter of 2009-10 and a loss of Rs 489.79 crore for the full year 2008-09. ...

CORPORATE: Sujana Metal plans Rs 800-cr billet plant.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Hyderabad, Aug. 29 - Sujana Metal Products Ltd plans to set up a plant for manufacturing billets from iron ore with over Rs 800 crore as part of its backward integration process. "The proposed plant will...

NEWS: K Sera Sera to pitch for IPL team; to issue GDR for funds.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Mumbai, Aug. 29 - K Sera Sera Productions Ltd, which produced movies such as Sarkar and Ab Tak Chhappan, is planning to buy one of the two new teams to be added to the Indian Premier League tournament in the...

CORPORATE: KiTEC to make larger diameter composite pipes.
August 30, 2009... from BUSINESS LINE, August 30, 2009 Hyderabad, Aug. 29 - KiTEC Industries, a manufacturer of multi-layer composite pipes, is finalising plans to make larger diameter pipes for industrial applications for domestic and overseas markets. The...