Business Line articles from December 2009

Business Line archives from December 2009

FRONT PAGE: Private mills breach co-op sugar bastion in Maharashtra.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - It could well be a pointer to the future. Private mills are making slow inroads into Maharashtra's sugar industry, currently a bastion of cooperative barons. At the start of this...

FRONT PAGE: TCS to step up hiring as info-tech spending takes off.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - In what could be a firm indicator of turnaround times for the IT industry, the CEO of India's largest IT services company said fiscal 2010-11 is likely to see his company step up the pace...

FRONT PAGE: Kelkar presents roadmap for fiscal consolidation.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - With fiscal health back in the spotlight, the Thirteenth Finance Commission has recommended a new roadmap for achieving medium-term fiscal consolidation through 2010-15. The new...

FRONT PAGE: User fee at six more airports proposed.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - Air travel from Mangalore, Tiruchi and Visakhapatnam is set to become more expensive. This follows the Airports Authority of India's (AAI) move to seek a nod from the Government to...

FRONT PAGE: 3G spectrum auctions likely from Feb 13.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The much-awaited auctions for third generation (3G) spectrum is likely to start from February 13. According to the Department of Telecommunication sources, the last date for accepting...

CORPORATE: M&M to unveil Maxximo mini-truck at Delhi auto expo.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Mahindra & Mahindra will unveil its new mini- truck, 'Maxximo', at the Auto Expo in New Delhi on January 5. It will be part of a product category which is doing 10,000 units a month and...

CORPORATE: Ford cars to cost more.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - For those planning to buy a Ford vehicle, waiting for the New Year may not be a great idea. This is because, from January 1, the company is set to increase prices across its entire...

CORPORATE: Nitta Gelatin to set up unit in Gujarat.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kochi, Dec. 30 - Nitta Gelatin is setting up a unit in Vadodara to manufacture ossein, an intermediary product used to make gelatine. The company, a leading global manufacturer of gelatine and related...

CORPORATE: Nalco to locate smelter project in East Kalimantan.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kolkata, Dec. 30 - National Aluminium Company (Nalco), the public sector aluminium major, has decided to locate its proposed 5-lakh- tonne Indonesian aluminium smelter project in East Kalimantan province and...

CORPORATE: Aurobindo shareholders to consider Trident Life merger on Jan.
December 31, 2009... from BUSINESS LINE, December 31, 200920 Hyderabad, Dec. 30 - Aurobindo Pharma Ltd will conduct a meeting of the equity shareholders of the company on January 20 to consider the scheme of amalgamation of its wholly-owned subsidiary, Trident Life...

CORPORATE: Metalman Auto forms joint venture Italian company Cellino.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - Signalling the booming demand for high-quality components by the domestic auto industry, component manufacturer Metalman Auto has announced a joint venture with Italian firm Cellino SRL...

CORPORATE: Cement cos in North, East may post higher profits.
December 31, 2009... from BUSINESS LINE, December 31, 2009 The December quarter may see yet another period of strong numbers from cement producers. However, a disparity between regions is likely. Helped by good volumes, steady demand from government-led...

CORPORATE: ONGC draws a blank in Kerala-Konkan.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kolkata. Dec. 30 - ONGC returns empty handed from its high cost ultra-deepwater drilling campaign in the Kerala-Konkan basin, according to a company official. Though the estimated project cost was pegged...

NEWS: Commercial vehicles sector sees light at the end of tunnel.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - The commercial vehicle industry, which took a battering for much of 2008 and 2009, has reason to believe that the worst is over now. Sales of buses and trucks, which had hit the bottom...

CORPORATE: Product recall mechanism for tyres.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The All-India Tyre Dealers' Federation (AITDF) has called on the Government to put in place a product recall and product liability mechanism for faulty tyres. While welcoming the...

CORPORATE: Britannia expands range but maintains price level.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Bangalore, Dec. 30 - Biscuit maker Britannia Industries today said that even with rising input costs, the company was not thinking of increasing prices of its products immediately. Mr Neeraj Chandra,...

INFO-TECH: HCL Info-Motorola team wins Rs 100-cr Delhi Govt's radio network project.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - IT hardware company HCL Infosystems in partnership with Motorola has bagged Rs 100-crore project from the Delhi Government to establish the country's first exclusive Government Radio...

MARKETING: Diamond dazzles as gold prices daze buyers.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Bangalore, Dec. 30 - For both jewellery consumers and retailers alike, 2009 was a volatile year with gold prices scaling ever new highs each week. With all eyes trained on the bizarre price behaviour, most...

INFO-TECH: Prithvi to name new auditor.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - Prithvi Information Solutions may appoint V K Asthana and Company, chartered accounts, as statutory auditors for 2008-09, following the resignation of Walker and Chandiok. ...

INFO-TECH: Zylog to usher in low-cost computing.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Chennai, Dec. 30 - Now, Desktop as a Service (DaaS), similar to Software as a Service (SaaS), for low-cost personal computers (PCs), which can be nearly 60 per cent cheaper than the conventional...

INFO-TECH: Global crisis, biz uncertainty cast a shadow on industry.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The year that passed by was one of the toughest in the decade for the Indian IT industry, which reeled under the impact of the worst-ever global economic crisis. It was a reality...

BANKING/FINANCE: Bond prices move up.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Bond prices moved up although trading was dull because banks were wary of taking positions ahead of the quarter- end. Any losses due to rise in bond yields will get reflected in the...

BANKING/FINANCE: Banks want CRR, SLR exemption for infrastructure bonds.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Banks have sought CRR and SLR exemption for infrastructure bonds issued by them. This, they feel, will help reduce the pricing of these long-term papers and make them more attractive for...

INFO-TECH: Convenience, safety draw people to mobile banking.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - "Your account is debited by Rs 15,000." - This was the SMS that saved Mr N. Ramesh, a staffer of Infosys from losing Rs 2.5 lakh in his ICICI Bank account after his debit card was...

BANKING/FINANCE: Call rate ends a tad higher.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - The inter-bank call rate ended marginally higher at 3.50-3.75 per cent on Wednesday, against the previous close of 3.30-3.35 per cent. Under the liquidity adjustment facility (LAF)...

BANKING/FINANCE: Rupee weakens against dollar.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - The rupee weakened marginally against the dollar on Wednesday tracking the domestic equity indices. There was neither any demand nor any supply in the market ahead of the year-end....

BANKING/FINANCE: Bank credit offtake continues to rise.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Bank credit increased by Rs 21,593.07 crore for the fortnight ended December 18 to Rs 29,41,293.07 crore, according to the latest scheduled banks' statement of position released by the...

BANKING/FINANCE: Interest rates take divergent paths.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Interest rates in the Indian economy took diverging paths in 2009. Retail borrowers and depositors saw interest rates fall steadily as the RBI moved into an 'easy money' stance. However, market interest...

BANKING/FINANCE: IRDA hastens to clear pending product approvals.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - The Insurance Regulatory and Development Authority is rushing to clear all pending product approvals by the turn of the new year. The regulator had received about 230 applications...

OPINION: New opportunities for India, Japan.
December 31, 2009... from BUSINESS LINE, December 31, 2009 By all accounts, and despite the ripples on the nuclear non- proliferation front, the fourth annual summit between the Prime Ministers of India and Japan, which took place in New Delhi on Tuesday, was an...

OPINION: Technical education.
December 31, 2009... from BUSINESS LINE, December 31, 2009 The article "Crisis in technical education" (Business Line, December 28) was thought-provoking. An Indian professor working in a US university shared this episode with me some years ago. A bunch of bright...

OPINION: Innovation culture still absent.
December 31, 2009... from BUSINESS LINE, December 31, 2009 When the Cancer Patients Aid Association opposed Swiss drug-major Novartis over the latter's patent application on its blood-cancer drug Glivec, it grabbed attention across the world. Not just because it was...

ACCOUNTANCY: The menace of supplier-shareholder.
December 31, 2009... from BUSINESS LINE, December 31, 2009 The American triumvirate of the electricity major Enron Corporation, construction giant Bechtel and electrical equipment major General Electric were in the eye of storm in the infamous Dabhol Power...

ACCOUNTANCY: Roadmap for CSR initiatives.
December 31, 2009... from BUSINESS LINE, December 31, 2009 A company recruiting a candidate stated that it was looking for a responsible person, to which the candidate replied that he was the perfect fit as in all his previous organisations whenever something went...

ACCOUNTANCY: Gearing up for next M&A rally.
December 31, 2009... from BUSINESS LINE, December 31, 2009 With the year coming to an end, Business Lineconnected with Anand Vermani, Director, Corporate Finance, KPMG, to get his views about the areas he focuses on, viz. M&A (mergers and acquisitions),...

ACCOUNTANCY: Gearing up for next M&A rally.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Generosity to improve the bottom line Prosperity and the bottom line are dependent upon employee performance, says Nancy Spears in Buddha: 9 to 5 (www.vivagroupindia.com). Today's workforce, she finds, is...

ACCOUNTANCY: Key themes for M&A in 2010.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Will 2010 see M&A (mergers and acquisitions) activity of the 2007-08 level? "With the economy on the right track to recovery, one may be tempted to say 'yes,' but we are still in recovery mode, so the...

MARKET WATCH: More IPOs in 2009 but the shares trade below issue price.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Most companies that issued IPOs this year are seeing their shares trade below the issue price. But size-wise, the offerings of 2009 have been larger than those in the previous year. A...

MARKET WATCH: Hindustan Oil Exploration (Rs 297.3): Buy.
December 31, 2009... from BUSINESS LINE, December 31, 2009 We recommend a buy in the stock of Hindustan Oil Exploration Company from a short-term perspective. It is evident from the charts of the stock that after bottoming in March low of Rs 44 the stock has been on...

MARKET WATCH: Day Trading Guide.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Utilise rallies to sell DLF with stiff stop-loss at Rs 372. As long as ICICI Bank trades above Rs 869 and SBI hovers above Rs 2210, the near-term outlook stays positive. We recommend a buy in these two...

MARKET WATCH: Railway stocks on rising track.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kolkata, Dec. 30 - There is a sudden buzz in the market for stocks linked to railways. The number of bulk deals in Kalindee Rail Nirman, which lays tracks, indicated heightened activity. The stock has...

MARKET WATCH: In 2010, 'returns will be much more moderate'.
December 31, 2009... from BUSINESS LINE, December 31, 2009 The market may make new highs, FII flows may get more broad-based and mid-caps may play catch-up. This is the prognosis that market veteran Mr Anand Rathi, Founder and Chairman of Anand Rathi Financial...

MARKET WATCH: Brokers' body against change in market time.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Brokers are not yet ready for the 9 a.m. trading time, scheduled to start from January 4, fixed by the NSE and the BSE. The Association of National Exchanges Members of India (ANMI),...

AGRI-BUSINESS: Marine export authority all set to issue catch certificates.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kochi, Dec. 30 - The Marine Products Export Development Authority (MPEDA) has put in place a series of measures to issue catch certificates for seafood caught along the Indian coastline and meant for exports...

AGRI-BUSINESS: Spot rubber declines.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kottayam, Dec. 30 - Spot rubber turned weak on Wednesday. The prices slipped following the declines in the domestic and international rubber futures though there was no selling pressure on any grade. ...

AGRI-BUSINESS: 16.39 lakh tonnes sugar released for Jan.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The Centre has released 16.39 lakh tonnes (lt) of sugar for consumption during the coming month. This includes 11 lt of the normal free sale quota (FSQ) of mills and 1.80 lt of...

AGRI-BUSINESS: Coonoor auctions disappointing as 30% tea remain unsold.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Coonoor, Dec. 30 - The auctions of Coonoor Tea Trade Association for the year 2009 ended in disappointment for the producers because nearly 30 per cent of the six-week high 14.29 lakh kg offered at Sale No:...

AGRI-BUSINESS: Late-season rains may head north.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Thiruvananthapuram, Dec. 30 - The late-in-the-season wet spell along the west coast and over adjoining peninsula may wade into further north to set up widely separated rains over north-west India. This...

NEWS: Fiscal deficit can't be sustained for long: Pranab.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - Stating that the Indian economy cannot sustain a high fiscal deficit for very long, the Finance Minister, Mr Pranab Mukherjee, said on Wednesday that it is, however, still too early to...

NEWS: Indians, favourites of global tourism boards.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - Indians are fast becoming the favourite guests for most foreign tourism boards because their average length of stay and spend is a lot higher than travellers from other countries. It's...

NEWS: Cox & Kings India acquires two cos in Australia.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Mumbai, Dec. 30 - With the aim of fortifying its presence in Australia, Cox and Kings India made its second acquisition in the country by acquiring MyPlanet Australia and Bentours International. Through...

NEWS: Bangladesh-based Southern CNG's FDI proposal rejected.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The Foreign Investment Promotion Board (FIPB) has turned down a proposal by Bangladesh-based Southern CNG Automobiles Ltd to hike FDI in Southern CNG Automobiles India, Kolkata, to 75...

NEWS: Mitsui projects among 9 FDI proposals cleared.
December 31, 2009... from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The Government on Wednesday cleared nine Foreign Direct Investment (FDI) proposals worth almost Rs 524 crore including Japanese company Mitsui's plans to set up two entities in India...

LOGISTICS: Piling coal stocks forces Paradip Port to turn away ships.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kolkata, Dec. 30 - Paradip Port Trust is unable to accept any more coal ships in view of the huge built-up of coal stocks, more than two million tonnes, within the port premises. The limited availability...

NEWS: NVIDIA's MD quits, to start HR training firm.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - Mr J. A. Chowdary, Managing Director of NVIDIA India, has decided to quit the US-based company, following the completion of "contractual obligation". There was a three-year contract...

STATES: Centre to convene all-party meet on Telangana on Jan 5.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - The Union Home Ministry has called for an all party meeting on January 5 at New Delhi to discuss the Telangana statehood issue, which has caused nearly four weeks of unrest across the...

STATES: 'Understand cos' finances before investing in their shares'.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Chennai, Dec. 30 - Though earnings in the share market are directly proportional to the risk assumed, people invest in shares as capital appreciation in the share market happens at a comparably faster rate,...

STATES: Indian healthcare costs rising, says survey.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Madurai, Dec. 30 - Most Indian companies providing healthcare cover to their employees are grappling with an average 10 per cent rise in premiums over the last three years, says Mumbai-based Watson Wyatt...

STATES: Reliance BIG TV offers latest flicks.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Madurai, Dec. 30 - Reliance BIG TV, is set to premiere the super hits Kurban and Wanted on its Pay-per-view (PPV) platform as new year offerings. According to Mr Umesh Rao, Senior Vice-President, Reliance...

STATES: Applications sought for Kerala e-governance awards.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Thiruvananthapuram, Dec. 30 - The Kerala Government has invited applications for the second batch of e-Governance Awards 2009, after honouring the previous year's winners at a function held here recently. ...

STATES: US issues fresh travel advisory.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - The US Government through its Embassy has issued a fresh travel advisory for its citizens visiting India and particularly Andhra Pradesh, extending its earlier deadline to January 31...

STATES: A year Tollywood would like to forget.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Hyderabad, Dec. 30 - The year 2009 turned out be a traumatic one for the Telugu film industry. But for a handful of hits, nothing went well for the industry this year. If the recession and slump in...

STATES: Pepper futures remain unchanged on weak demand.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Kochi, Dec. 30 - The pepper futures market on Wednesday witnessed high volatility on different "buy and sell calls" and eventually closed almost steady on weak demand amid thin arrivals. "There was no...

STATES: Vishnuvardhan's demise sparks violence in parts of Bangalore.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Bangalore, Dec. 30 - As the news of the death of Kannada actor Vishnuvardhan broke out in the wee hours of Wednesday, some fans went on the rampage in certain pockets of the city. Minor incidents of tyre...

VARIETY: Indian screens in new 'avatar' will help better collections.
December 31, 2009... from BUSINESS LINE, December 31, 2009 Bangalore, Dec. 30 - The release of Avatar, the Hollywood blockbuster comes at a time when film screening in India is at an inflection point of adopting the latest digital technology. The futuristic...

CATALYST: A decade of great change.
December 31, 2009... from BUSINESS LINE, December 31, 2009 We will close a significant decade and enter the next one tomorrow. This decade has seen significant changes in India though collectively we might not see the full import of what has transpired in the last...

CATALYST: A year of learning.
December 31, 2009... from BUSINESS LINE, December 31, 2009 It could have been so much worse. The year 2009 may not be the best year in living memory insofar as business and marketing are concerned, but as we huff and puff our way into 2010, we need to count our...

CATALYST: Not a memorable year for advertising.
December 31, 2009... from BUSINESS LINE, December 31, 2009 On a wintry morning in Bangalore as I sit wondering how advertising and marketing were in the year gone by, my mind wanders as it usually seems to do on wintry mornings (and just about any time). This time...

CATALYST: Game-changers of 2009.
December 31, 2009... from BUSINESS LINE, December 31, 2009 As wild bells ring a close today to a tumultuous year, we pay tribute to some of the strongest marketing ideas which have come out of India during 2009. A game-changing marketing idea can have its roots...

CATALYST: The Marketing Resurrection manifesto.
December 31, 2009... from BUSINESS LINE, December 31, 2009 The slow but unchecked wane of the marketing function's importance at the high table of business has been a recurrent theme for quite some time now. While many have bemoaned the fall from grace of this once...

FRONT PAGE: Pick-up in project insurance demand.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - Insurance companies are seeing demand for project insurance picking up in the last few months. The economic recovery appears to be prompting corporates to go ahead with new projects and...

FRONT PAGE: IPO scam: Compensation soon for retail investors.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - Retail applicants who did not receive allotments in the scam-hit IPOs of 2003-2005 could yet stand to benefit, with the regulator proposing to initiate the distribution of illegal gains...

FRONT PAGE: Jindal Power plans IPO to raise Rs 7,200 cr.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - Jindal Power (JPL) filed its draft red herring prospectus on Tuesday for an initial public offering of Rs 7,200 crore, the largest since the Rs 11,500-crore IPO of Reliance Power in January...

FRONT PAGE: India, Japan to deepen economic ties.
December 30, 2009... from BUSINESS LINE, December 30, 2009 New Delhi, Dec. 29 - Describing the economic partnership as the "bedrock" of India-Japan relations, the Prime Minister, Dr. Manmohan Singh, on Tuesday said that the two countries have decided to expedite...

CORPORATE: Ranbaxy exits China joint venture.
December 30, 2009... from BUSINESS LINE, December 30, 2009 New Delhi, Dec. 29 - Ranbaxy Laboratories Limited on Tuesday announced the transfer of its entire shareholding in Ranbaxy (Guangzhou China) Limited (RGCL) to HNG Chembio Pharmacy Co. Ltd. (HNG). RGCL was...

CORPORATE: Emmbi Polyarns storage products.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - Emmbi Polyarns, a polymer processing company, has launched a range of water conservation products called AquaSave. The new products being launched include Flexible water tank (Flexi tank),...

CORPORATE: Mold Tek meet on pref issue.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Hyderabad, Dec. 29 - The board of directors of Mold Tek Technologies Ltd will meet on January 1, 2010, to discuss allotment of equity shares and fully convertible warrants on preferential basis, the company...

CORPORATE: A mixed year for upstream oil and gas sector.
December 30, 2009... from BUSINESS LINE, December 30, 2009 New Delhi, Dec. 29 - It was a clear case of 'you win some, you lose some' for the oil and gas exploration and production activities in the country. In 2009, the segment experienced its moment of glory with...

CORPORATE: INOX India acquires majority stake in Cryogenic Vessel of US.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Ahmedabad, Dec. 28 - The Vadodara-based INOX India Ltd, India's largest cryogenic engineering company, has acquired majority interest for an undisclosed financial consideration in Cryogenic Vessel...

CORPORATE: Diageo-Radico FDI proposal likely to get FIPB nod.
December 30, 2009... from BUSINESS LINE, December 30, 2009 New Delhi, Dec. 29 - The Diageo-Radico joint venture is likely to receive Foreign Investment Promotion Board (FIPB) approval for inducting up to 100 per cent FDI. The proposal involves induction of foreign...

CORPORATE: Maharashtra Govt to intervene in strike at Colgate Palmolive unit.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - The Aurangabad unit of the Colgate-Palmolive (India) Ltd has been shut since Saturday following a strike by workers demanding reinstatement of two sacked employees. The workers are also...

CORPORATE: Ravimohan passes away.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Mumbai, Dec. 29 - Mr R. Ravimohan, Executive Director, Reliance Industries, died of cardiac arrest on Monday night. He had joined RIL in September, after quitting as chairman of rating agency Crisil and...

INFO-TECH: Exterro to strengthen India centre.
December 30, 2009... from BUSINESS LINE, December 30, 2009 Coimbatore, Dec. 29 - Exterro Inc is in the process of growing its development centre here. This US-headquartered company provides legal governance, risk management and compliance software solutions, to...

INFO-TECH: Telecom sector rings out year of policy missed calls.
December 30, 2009... from BUSINESS LINE, December 30, 2009 New Delhi, Dec. 29 - The year 2009 was a damp squib as far as the telecom sector is concerned with most of the big ticket Government initiatives getting delayed. The much-awaited introduction of Mobile...