Business Line articles from December 2008

Business Line archives from December 2008

FRONT PAGE: Sports goods exporters feeling left out, seek fair play.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Sports goods exporters are crying foul for having been left out of the list of labour-intensive sectors to benefit from a special fiscal package. The industry is one of the most...

FRONT PAGE: We need your support for task ahead, Satyam chief tells staff.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - The scrip and spirit of Satyam Computer Services management moved up today on positive news emerging from key FIIs and independent directors on the board. In a bid to press home...

FRONT PAGE: ONGC Videsh close to buying out Imperial.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - ONGC seems to be closing in on acquiring London Stock Exchange-listed Imperial Energy Corporation PLC for USD1.4 billion. Late reports were coming in that ONGC was close to receiving...

FRONT PAGE: Air India cuts domestic fares on 20 sectors.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Domestic flying has become cheaper. The state owned Air India (domestic) on Tuesday dropped its basic minimum fares by an average of 52 per cent on 20 sectors that include Delhi-...

FRONT PAGE: Punjab Tractors sells entire stake in Swaraj Mazda.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Mahindra and Mahindra-owned Punjab Tractors Ltd on Tuesday announced its plans to sell its remaining stake of 14.4 per cent held in Swaraj Mazda to Sumitomo Corporation. Sumitomo...

FRONT PAGE: Bond prices rally on talk of rate cut.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - Bond prices rallied by over Rs 2 on Tuesday on expectations that the Reserve Bank of India would cut key interest rates soon. The yields on the 10-year benchmark Government-security...

CORPORATE: MIC Electronics dividend.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - MIC Electronics Ltd has declared a dividend @ Re 0.40 for each fully paid equity share of Rs 2 each for the financial year ended June 30, 2008. The company has informed BSE that the...

CORPORATE: Oil cos keep their fingers crossed for 2009.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - This is a year best forgotten for the Navaratna trio of Indian Oil (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL). While December 31 would...

CORPORATE: Fortunes of cement industry hinge on revival of real estate sector.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - The cement industry seems to have come a full circle as the year draws to a close. Starting on a bullish note with prices touching historic high amid buoyant demand, cement industry...

CORPORATE: Jain Irrigation bags Rs 270-cr European export order.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - Jain Irrigation Systems Ltd (JISL) has bagged order worth Rs 270 crore from its European customer for supply of dehydrated white onion in 2009. Mr Ashok Jain, Vice-Chairman Jain...

CORPORATE: NSL to hive off seed business; Blackstone to invest.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - NSL group, the Hyderabad-based company with diverse interests in seeds, IT SEZ development and renewable power, has decided to hive off the seed business into a separate company in...

CORPORATE: Suzlon acquires Martifer's tranche.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - Suzlon Energy Ltd on Tuesday announced the acquisition of the first tranche of Martifer Group's stake in REpower for euro 65 million. The transaction takes Suzlon's holding in REpower to...

NEWS: Oversupply in commercial real estate may continue in 2009.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - The over-supply scenario that 2008 had witnessed in the commercial real estate space could well continue in 2009, says the annual year-end report by Cushman & Wakefield, real estate...

INFO-TECH: Europrint buys majority stake in PCB Power.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Ahmedabad, Dec. 30 - The Europrint Group of Belgium, through its subsidiary Eurocircuits, has acquired a majority stake in PCB Power (India) Ltd, for an undisclosed consideration, the company announced...

NEWS: Aurobindo HIV drug gets FDA nod.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 22 - Aurobindo Pharma Ltd has received tentative approval for its New Drug Application (NDA) Abacavir Sulfate / Lamivudine tablets in 60/30 mg from the US Food and Drug Administration (US...

CORPORATE: Fortune opens new hotel in Hyderabad.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - Fortune Park Hotels, an arm of ITC Ltd, plans to go ahead with its expansion despite the downturn by opening 27 new hotels in the next 24 months. "Though the hotel industry is hit...

CORPORATE: Posco may put India plans on hold.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Korean steel giant Posco is considering putting its India plans on hold. While Posco India officials are putting up a brave face, during informal discussions they admit that...

CORPORATE: NMDC keen to set up steel plant in Karnataka.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - The National Mineral Development Corporation Ltd (NMDC) has evinced interest in setting up a steel plant in Bellary district of Karnataka. "The Karnataka Government recently...

CORPORATE: Orchid Hotels to continue looking for acquisitions.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - The year 2008 has been full of challenges for the Indian hospitality industry. The global recession negatively impacted foreign tourist arrivals, which grew in the range of merely 1.5-2...

INFO-TECH: IT employees in the firing line.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - The year 2008 would be remembered by employees of many IT firms as a dark year. With the global meltdown impacting the demand for IT services, technology firms of all sizes trained...

INFO-TECH: New Cygnus tool.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - Cygnus Business Consulting and Research has launched a new knowledge product, Cygnus Placements Monitor, which provides a monthly update and analysis on international placements,...

INFO-TECH: RCom launches GSM service.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - The Anil Ambani-led Reliance Communications on Tuesday announced the launch of its nationwide enhanced GSM service. It will cover 11,000 towns across the country in the initial stage...

INFO-TECH: ' I intend to continue till confidence is restored'.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad/Visakhapatnam, Dec. 30 - The embattled Satyam Computer Services management got some support from one of its independent directors and the former Union Cabinet Secretary, Mr T.R. Prasad, who said...

INFO-TECH: M&A deals up 12%; Indian cos tap global opportunities.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Chennai, Dec. 30 - The global slowdown in 2008 provided good opportunity for Indian software service providers to cherry-pick attractive companies at reasonable prices - be it to expand global footprint...

INFO-TECH: RCom redeems FCCB bonds.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - Reliance Communications Ltd redeemed 250 Foreign Currency Convertible Bonds (FCCB). According to an RCom notification issued to the Bombay Stock Exchange on Tuesday, the company...

LOGISTICS: 'Bureau of maritime security will provide uniform norms'.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Chennai, Dec. 30 - Creating a Bureau for Maritime Security similar to the Bureau of Civil Aviation Security would help bring in uniform standards and procedures on security in the maritime sector,...

LOGISTICS: V.S. Sampath is Power Secretary.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Chemicals and Petrochemicals Secretary Mr V.S. Sampath is likely to take charge as Power Secretary from January 2, 2009. The current Power Secretary, Mr Anil Razdan, retires on...

BANKING/FINANCE: Panel moots term liquidity facility for banks.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - If the Finance Ministry and the Reserve Bank of India (RBI) agree to the proposal, loan assets could be used by banks for availing themselves of short-term refinancing facility from...

NEWS: Hiring dips sharply in Oct.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - Slowdown in hiring, which is generally around 10 per cent in October every year, has declined sharply this year, falling by almost 21.9 per cent. Historically there is a decline...

CORPORATE: Solar power projects being scaled up.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Solar power projects, which have so far been in the fringes of the energy portfolio on account of viability issues, could finally see some scaling up. New solar thermal and...

NEWS: Approval process for R&D related tax benefit decentralised.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - Outsourcing of scientific research, particularly by small and medium enterprises, to companies involved in commercial R&D may soon get a boost. The Central Board of Direct Taxes...

NEWS: Indo-US trade meet next month.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - The fifth Indo-US Economic Summit will be held in the capital on January 7 and 8, Dr Prasad Medury, Summit Chairman and Partner Amrop International, said here on Tuesday. The...

BANKING/FINANCE: Slowdown clips insurance sector growth: IRDA.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - The insurance sector is set to witness a lower year on year growth of about 17 per cent this fiscal as against a 24-25 per cent it logged in previous financial year, according to Mr...

BANKING/FINANCE: 'Housing finance cos must cut rates'.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Kolkata, Dec. 30 - Housing finance companies should reduce lending rates in order to boost the home loan demand, said Mr S Sridhar, Chairman and Managing Director, National Housing Bank, here on Tuesday....

BANKING/FINANCE: Crisis: Beyond textbook solutions.
December 31, 2008... from BUSINESS LINE, December 31, 2008 It's the question on everyone's lips. Will 2009 see the revival of the global economy and recovery of stock markets? The rich countries of the world are clearly in recession. The positives amidst the...

BANKING/FINANCE: Bonds back in favour after 4 years as equities dive.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - Battered by huge capital losses in equity markets, bonds returned to become the flavour for investors, after almost four years. Most investors into bonds remain institutional,...

BANKING/FINANCE: Rupee closes flat.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - The rupee closed flat against the dollar on Tuesday, amidst thin trading volumes ahead of the year end. The currency opened at 48.45 and touched an intra-day low of 48.65. It closed at...

BANKING/FINANCE: Call rates steady.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mumbai, Dec. 30 - Call rates closed at 5.20-5.30 per cent, as against the previous close 5.20-5.40 per cent. In the one-day repo auction under the first and second liquidity adjustment facility, there...

BANKING/FINANCE: Short-term consolidation in rupee.
December 31, 2008... from BUSINESS LINE, December 31, 2008 The rupee had been steadily appreciating since 2002 and it was widely believed in the first few months of 2008 that the dollar rupee rate could even rise up to 36. But the Indian currency unit has outdone...

OPINION: The long haul for J&K.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Whatever its detractors may say, the Assembly elections in Kashmir have confirmed the faith that the people of that troubled State have reposed in the democratic process and, as the Prime Minster...

OPINION: Rising above.
December 31, 2008... from BUSINESS LINE, December 31, 2008 The article "Rise up and come together" (Business Line, December 29) made interesting reading, particularly the welcome suggestion that it was time to form a truly national government to enable a return...

OPINION: Halting the downslide.
December 31, 2008... from BUSINESS LINE, December 31, 2008 This is with reference to the editorial "Key to revival" (Business Line, December 29). It rightly said that an air of unreality pervades the government's attempts to tackle the economy's downslide. The...

OPINION: The food procurement muddle.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Once again, the UPA Government has proved its insensitivity to the real issue of hunger among the poor. And this at a time when the Washington-based International Food Policy Research (IFPRI) has shown...

OPINION: Why Keynes will fail in India.
December 31, 2008... from BUSINESS LINE, December 31, 2008 On October 14, in an article titled 'Tweaking John' I had pointed out how, globally, governments were distorting Keynes. Instead of helping the real sector, which is what Keynes had in mind, they were...

OPINION: The value of discipline.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Discipline in management parlance does not mean coercion or punishment. Good companies believe in establishing norms, systems, and procedures. They expect every employee to abide by them - and this is...

OPINION: Clearing the forest of zeros.
December 31, 2008... from BUSINESS LINE, December 31, 2008 The half-page multicolour advertisement stood out in the regional print media even in the cacophony of the electoral campaign of Assembly elections in five States. The advertisement was issued by the...

OPINION: 'We will see stabilisation only in 2010'.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Dr Raghuram Rajan, honorary economic advisor to the Prime Minister, was easily the star speaker at the recent Pan IIT global conference of IIT alumni held recently at IIT Madras. The cavernous students...

OPINION: ICAI should tread warily.
December 31, 2008... from BUSINESS LINE, December 31, 2008 If in your understanding of accounts, two plus two make four, with no scope for two opinions about it, think again. Legerdemain with ledgers and financial finagling have been perfected to the status of a...

MARKET WATCH: LIC Housing Finance (Rs 227.15): Buy.
December 31, 2008... from BUSINESS LINE, December 31, 2008 We recommend a buy in LIC Housing Finance from a short-term trading perspective. It is apparent from the charts of LIC Housing Finance that after encountering significant resistance at Rs 350 in early...

MARKET WATCH: The three who took on the bear and had a tale to tell.
December 31, 2008... from BUSINESS LINE, December 31, 2008 BL Research Bureau In a year where the bellwether indices were unmercifully battered, were there any stocks at all that withstood the bear onslaught? You'd be surprised to know that a handful not only...

MARKET WATCH: Global markets: No place to hide.
December 31, 2008... from BUSINESS LINE, December 31, 2008 BL Research Bureau The year 2008 will go down in history as one of worst years for equities since the Great Depression. Whether you invested in developed markets, emerging markets or the hot frontier...

MARKET WATCH: Gold was the best, oil the worst.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Ironical, isn't it, that gold should be the best performing commodity in a year when crude oil turned out to be the worst? After all, gold prices have historically marched in-step with crude oil. Remember...

MARKET WATCH: IPOs in 2008: Sell on listing, to gain.
December 31, 2008... from BUSINESS LINE, December 31, 2008 BL Research Bureau IPOs were the least preferred mode for corporate fund raising in 2008, as dwindling investor interest and battered valuations kept corporates away. Though half of the IPOs that...

MARKET WATCH: Fortune favours the brave.
December 31, 2008... from BUSINESS LINE, December 31, 2008 BL Research Bureau With the Sensex down by 52 per cent for the year and every sector index in the red, would anyone have made money in stocks in 2008? Yes, the fortunate few who bought stocks on two days...

MARKET WATCH: A third of equity funds below Rs 10.
December 31, 2008... from BUSINESS LINE, December 31, 2008 That many stocks have plunged below their IPO prices isn't surprising, as we take stock of markets in 2008. But did you know that mutual funds too have suffered the same fate? After the market rout, about...

MARKET WATCH: Interesting Times.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Scams, crises and rescue packages followed in quick succession in 2008. Here's an eventful year in retrospect. January 26: Jerome Kerviel's derivative trades result in a $7.2 billion loss for his...

MARKETING: Luxury segment consumers look for value retailing.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - Brand value, even in the luxury segment, has never been under so much scrutiny; consumers are looking for the return they will get from the experience of owning, wearing or giving...

MARKETING: A roller-coaster ride for the media industry.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - In January 08, the media was exuberant, riding high on its big plans and growth projections for the TV-loving Indian market. But as the year comes to an end, plans are being downsized...

LOGISTICS: UASC ties up with Hanjin Shipping to launch new service.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Kolkata, Dec. 30 - United Arab Shipping Company (UASC) has announced its partnership with South Korea's Hanjin Shipping to launch a new service to link the US East Coast, the Indian sub-continent, West...

LOGISTICS: Special New Year offer from Singapore Air.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Ahmedabad, Dec. 30 - Singapore Airlines, which operates 56 weekly flights to Singapore from eight cities in India, including Ahmedabad, has announced special New Year promotional offer to popular...

NEWS: Slower freight growth a major concern for Railways.
December 31, 2008... from BUSINESS LINE, December 31, 2008 New Delhi, Dec. 30 - In 2009, the Indian Railways faces the key challenge of absorbing an extra burden of about Rs 11,000 crore as staff cost due to impact the Sixth Pay Commission, and lower than...

STATES: Coimbatore industries set their face against power holiday.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Coimbatore, Dec. 30 - Industries in Coimbatore have planned to flood the Government and the State electricity board (TNEB) with telegrams asking them not to go ahead with the plan to enforce...

STATES: Corp Bank library in Karaikudi.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mangalore, Dec. 30 - The Union Home Minister, Mr P. Chidambaram, inaugurated the 'Alagappa University-Corporation Bank Public Library' at Karaikudi on December 28. A bank release said here on Tuesday that...

STATES: Online privacy concerns on the rise.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Coimbatore, Dec. 30 - "The networked world is continuously challenged by security loop holes, threats and attacks. So watch out. If you are not careful, you sure will be a victim," Mr Ankit Fadia,...

STATES: C. Mohan Ram, Managing Director, Lattice Bridge Infotech; Madha.
December 31, 2008... from BUSINESS LINE, December 31, 2008Engineering College, Kundrathur Chennai, Dec. 30 - Automated speech recognition (ASR) and speech biometrics can bring efficiency, transparency and process improvements to customer interactions (internal...

STATES: SSIs' plea on power cut.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Madurai, Dec. 30 - The Madurai District Tiny and Small Scale Industries Association has appealed for a one-day power cut a week. While welcoming the proposal announced by the Electricity Minister, Mr...

STATES: Riverbank deal with IHG.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Kolkata, Dec. 30 - In a 15-year deal with the Inter Continental Hotels Group (IHG), Riverbank Developers Pvt Ltd proposes to set up a hotel at Batanagar on the banks of the Hooghly river under the brand...

STATES: NTPC hosts workshop on RTI Act.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - A one-day workshop on The Right to Information Act was organised by NTPC Ltd at Southern Region headquarters in Secunderabad today. During the meeting, the Chief Information...

STATES: Dakshina Kannada banks achieve Rs 18,770-cr biz.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Mangalore, Dec. 30 - Banks in Dakshina Kannada district have achieved business level of Rs 18,770 crore as on September 2008. Speaking at the district consultative committee meeting for banking...

STATES: A mixed bag for plantation sector in Kerala.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Kochi, Dec. 30 - The year 2008 bid adieu with a satisfying note so far as the plantation sector is concerned as the prices of all the commodities remained at or above remunerative levels during the most...

STATES: Slowdown effect hampering retailers' New Year sales.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Bangalore, Dec. 30 - It's a dull run-up to the New Year for local small-time retailers. The frenzied shopping scenes that one witnesses in the week leading up to the New Year are missing this time around...

STATES: Kinfra park to have food processing incubation centre.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Kochi, Dec. 30 - The State Industries Minister, Mr Elamaram Kareem, will inaugurate the Food Processing Incubation Centre and Water Supply Scheme at Kinfra Food Processing Park, Kakkancherry on January 1,...

STATES: TN wind power producers seek Govt support.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Chennai, Dec. 30 - The Indian Wind Power Association has sought the intervention of the Tamil Nadu Government to direct the Tamil Nadu Electricity Board to return the wind energy banked with it by the...

STATES: Benefits for NIRD employees.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - The Union Minister for Rural Development, Mr Raghuvansh Prasad Singh, has said that contract recruitment of staff at the National Institute of Rural Development will be stopped and...

STATES: SBI Life to help restore vision.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Hyderabad, Dec. 30 - Over 4,000 employees of SBI Life and the management have come together in a novel gesture to make a difference to about 1,900 elderly people helping in restoring their vision. SBI...

STATES: Box trailer operators call off strike.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Chennai, Dec. 30 - The indefinite strike by container trailer operators has been called off following an assurance from officials of various organisations, including the Chennai Port Trust and National...

STATES: BSNL plans disaster recovery centre in Pune.
December 31, 2008... from BUSINESS LINE, December 31, 2008 Pune, Dec. 30 - Setting up a disaster recovery centre, a new operational support and billing support centre and installation of ERP system are plans BSNL (Bharat Sanchar Nigam Ltd) Pune has chalked out...

STATES: 'Business, social work must develop limited partnership to tackle human crisis'.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Nitte (Udupi), Dec. 29 - Business and social work should have limited partnership to tackle poverty, oppression, diseases and other human crisis, according to Dr Ram A. Cnaan, Professor and Associate Dean...

STATES: Idea Cellular enters Karnataka.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Bangalore, Dec. 29 - Idea Cellular Ltd said on Monday that it will build on the current 14 lakh subscriber base of Spice in Karnataka, and introduce its complete range of mobile telephony products and...

STATES: TN industries to adopt 5-day week from Jan 1.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Chennai, Dec. 29 - Industries in Tamil Nadu are to adopt a five-day week from January 1 following a two-day power cut to be implemented by the State Government from the new year. However, industry...

STATES: Coimbatore industries demand reduction in power cut.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Coimbatore, Dec. 29 - Industries in Coimbatore have asked the Tamil Nadu Government to enforce a reduction in power cut rather than the two-day weekly power holiday as the units have scheduled their...

STATES: New General Manager for ICF.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Mr M.S. Jayanth has taken over as General Manager, Integral Coach Factory, from Ms Sabita Gopal. Mr Jayanth was earlier Chief Operations Manager, Southern Railway. At Southern Railway, he also held...

STATES: Bengal allots 749 acres to Jai Balaji Industries.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Kolkata, Dec. 29 The West Bengal Government today allotted 748.97 acres of land to Jai Balaji Industries for setting up an integrated steel plant at Raghunathpur in Purulia district. The lease holding...

STATES: Carnation growers seek replantation subsidy.
December 30, 2008... from BUSINESS LINE, December 30, 2008 Coonoor, Dec. 29 Carnation growers in Nilgiris have appealed to the Government to grant them a subsidy for replantation to tide over their financial crisis. Carnation is grown in greenhouses in 29.36...