Business Line articles from December 2010

Business Line archives from December 2010

FRONT PAGE: Carrefour opens first cash-and-carry store.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - French retailer Carrefour opened its first cash-and-carry venture in India on Thursday, indicating it will open more such outlets soon. The 'Carrefour Wholesale Cash and Carry store'...

FRONT PAGE: Citibank fraud suspect held; victims face I-T probe.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - Even as Mr Shivraj Puri, the main accused in the Citibank's Gurgaon branch fraud case, was today remanded to seven days policy custody, the Income-Tax Department began looking into the...

FRONT PAGE: SBI bond issues to mop up Rs 10,000 cr this, next year.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - Buoyed by retail investors' enthusiastic response to its maiden public issue of bonds, State Bank of India is planning to mop up Rs 10,000 crore in various tranches in the remaining period...

FRONT PAGE: Cabinet approves equity infusion of Rs 1,200 cr for Air India.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The State-owned airline, Air India, is to soon receive Rs 1,200 crore as equity infusion from the Government. This follows the Cabinet Committee on Economic Affairs (CCEA) giving its nod...

CORPORATE: Pfizer buys Strides' US line-up of 22 drugs for $28 m.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Bangalore, Dec. 30 - The pharma industry calls its US market applications ANDAs. Now, 22 such ANDAs or 'golden eggs' nurtured by Strides Arcolab have hatched into a $28.2- million-plus (Rs 126- crore-plus)...

CORPORATE: First solar park opens in Gujarat; to generate 500 MW.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Charanka (Patan), Dec. 30 - Gujarat is expected to generate 500 MW of solar power in the solar park launched by the Chief Minister, Mr Narendra Modi, here today with possible investments of nearly Rs 10,000...

CORPORATE: More Indians going places.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The good news is that foreign tourist arrivals in India have grown at a robust 10.4 per cent in 2010 and are projected to touch the 5.5 million mark. Despite the lacklustre show during...

CORPORATE: New tariff regime will electrify power sector.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The transition to a new regime, under which power projects will be awarded to prospective developers offering the most competitive tariffs, is the most anticipated change in the power...

CORPORATE: Pharma: Walking the tightrope between affordability, profits.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - It could well turn out to be a significant year for the over Rs 1-lakh-crore pharmaceutical industry, if clarity dawns on contentious issues facing the sector. Be it implementation of...

CORPORATE: Lanco Infratech wins UP road project.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad, Dec. 30 - Lanco Infratech Ltd said it has won the bid to convert the Aligarh-Kanpur section of the National Highway-91 into two lanes between the 140 and 418 km stretch in Uttar Pradesh. The Rs...

CORPORATE: Suven Life gets 2 product patents.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad, Dec. 30 - Suven Life Sciences Ltd has secured two product patents in the domestic market for its New Chemical Entities for treatment of neurodegenerative diseases. The granted claims of the...

CORPORATE: L&T bags orders worth Rs 1,160 cr.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - Larsen & Toubro has bagged orders worth Rs 1,164 crore from various customers in the metallurgical and material handling sector. The minerals and metals business unit of the company...

CORPORATE: After store launch, Carrefour might step up sourcing.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - Retail experts have welcomed the opening of Carrefour's first cash-and-carry store in the country. Analysts said that the French company's sourcing from India could now move up...

CORPORATE: JSW Energy commissions second unit in Ratnagiri.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - JSW Energy has commissioned the second unit of 300 MW of its 1,200 MW (4x300 MW) power project at Jaigad in Ratnagiri, Maharashtra. It started commercial operations from December 30. ...

CORPORATE: TNPL output to rise 60% next month.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Chennai, Dec. 30 - The Tamil Nadu Newsprint and Papers' production capacity is set to increase by about 60 per cent next month, with the commissioning of its third paper machine. The new machine will add...

NEWS: Andhra Pradesh cautious still.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad, Dec. 30 - The Andhra Pradesh Government on Thursday was cautious in its reaction to the Krishna Water Dispute Tribunal award with regard to allocation of water to three riparian States of Andhra...

NEWS: Karnataka welcomes Krishna water-sharing order.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Bangalore, Dec 30 - Karnataka on Thursday welcomed the Krishna Water Dispute Tribunal order on water sharing and described it as a 'New Year gift' to the people of the State. The Chief Minister, Mr B.S....

NEWS: Think-tank questions UK's immigration plan.
December 31, 2010... from BUSINESS LINE, December 31, 2010 London, Dec. 30 - Britain's coalition government was put on the defensive once again on Thursday as a prominent think- tank warned that net migration was unlikely to fall anywhere close to the UK...

NEWS: Impasse over Iran oil imports will end soon : Oil Secretary.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The Ministry of Petroleum said Thursday that an 'alternative settlement mechanism' is being worked out to resolve the impasse over oil imports from Iran. Briefing newspersons here,...

NEWS: Maharashtra to seek joint management of dam.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - Expressing concern over the permission granted for raising the height of the Alamatti dam in Karnataka, the Maharashtra Chief Minister, Mr Prithviraj Chavan, on Thursday said that this...

NEWS: Core sector growth slows to 2.3% in November.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The six "core" infrastructure industries have registered a 2.3 per cent annual growth in November, compared with the 5.9 per cent for the same month of last year. The lower growth has...

NEWS: Telangana report to be made public on Jan 6.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The Justice Srikrishna Committee, which had been looking into the demand for a separate Telangana State to be culled out of Andhra Pradesh, submitted its report to the Union Home...

NEWS: Moorthy is SAT member; Chandra CBDT chief.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The Securities Appellate Tribunal (SAT) has a new member in Mr S.S.N. Moorthy. Before this appointment, Mr Moorthy was Chairman of the Central Board of Direct Taxes (CBDT). Mr...

NEWS: Continue SEZ sops till 2014, says export body.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The Export Promotion Council for Export Oriented Units and Special Economic Zones (EPCES) said on Thursday that it has submitted to a Parliamentary panel that the benefits under the...

INFO-TECH: Mobile business stabilising for telecom companies.
December 31, 2010... from BUSINESS LINE, December 31, 2010 It has been one tough year for the telecom industry this 2010. Notwithstanding the thumping success of the 3G auction for exchequer, the decline in popular metrics such as ARPU, declining margins and fears...

INFO-TECH: HCL Infosystems to buy 20% stake in Dubai's Techmart.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - HCL Infosystems on Thursday announced it will acquire 20 per cent stake in Dubai's Techmart Telecom, a distributor for Nokia smartphones in West Asia and Africa. A share purchase...

INFO-TECH: Vendors hopeful of 'profitable' e-governance deals.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - "If your revenues from e-governance projects in 2010 was x, you could brace up for anywhere between 2x-3x in revenues in 2011." These lines from Mr Rajiv Agarwal, Chief Executive Officer of...

OPINION: Why Citi can never sleep.
December 31, 2010... from BUSINESS LINE, December 31, 2010 That a fool and his money are easily parted is a well-known saying. No one proved this better than a man called Victor Lustig who, in 1925, sold the Eiffel Tower twice - once successfully. What Lustig did...

OPINION: Anomalies in direct taxes.
December 31, 2010... from BUSINESS LINE, December 31, 2010 The direct tax regime reflects an absence of distributive justice. The glaring iniquity is submerged in the grand design of the new Direct Taxes Code (DTC). It would be best if these anomalies are given...

OPINION: Inflation and market.
December 31, 2010... from BUSINESS LINE, December 31, 2010 It is indeed surprising that the stock market indices continue to surge in spite of various negative developments on the economic front. Inflation, particularly food inflation, is still very high. As per the...

OPINION: Demystifying CAG audit.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Ordinary people, fiercely against corruption, have been led to believe that the CAG (Comptroller and Auditor General) has a silver bullet at his disposal to unearth a scandal of astronomical proportions...

OPINION: Employee engagement.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Employee engagement is the new corporate buzz-term. And many companies, looking at the benefits of engagement enjoyed by their competitors, want to jump on to the bandwagon and introduce practices that are...

OPINION: Time to break agri-politics nexus.
December 31, 2010... from BUSINESS LINE, December 31, 2010 The eight-day fast of the Opposition leader of Andhra Pradesh in the cause of relief for farmers brings to fore, yet again, the link between agriculture and politics. Many questions and few answers emerge...

OPINION: Longer-term consequences.
December 31, 2010... from BUSINESS LINE, December 31, 2010 It is very difficult to visualise at this stage the longer-term consequences of the recent international financial turmoil. However, some broad generalisation could be attempted. First, there is likely to...

BANKING/FINANCE: Policy rate hikes 'paused, not halted'.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Bangalore, Dec. 30 - Inflation is always a concern, and the Reserve Bank of India has already taken measures, said the Deputy Governor of RBI, Dr K.C. Chakrabarty, here on Thursday, adding that it would...

BANKING/FINANCE: NPAs in realty, telecom need closer monitoring: RBI.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - The Reserve Bank of India has warned about the risk of rising non-performing assets in sectors like real estate sector and telecom and stressed on the need for keeping a watch on the...

BANKING/FINANCE: Central bank fears imbalance over large capital inflows.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec 30 - Large capital flows into India can create imbalances in the near term if they exceed the absorption capacity of the country, according to the second financial stability report released by...

BANKING/FINANCE: Need to reduce reliance on credit-rating agencies: RBI.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - There is a need to reduce reliance on credit rating agencies and strengthen regulatory supervision of the rating framework, RBI said in the second financial stability report. "The...

BANKING/FINANCE: No easing up on exposure norms for infra lending.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - The build-up in asset liability mismatches as a result of infrastructure loans will make it difficult to further relax exposure norms for infrastructure lending, according to the RBI. In...

MARKET WATCH: Punjab and Sind Bank closes 6% higher on Day-1.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - The stock of Punjab and Sind Bank, the last public sector bank to be listed, closed at Rs 127.05 on the Bombay Stock Exchange, higher by almost 6 per cent from its issue price of Rs 120. ...

MARKET WATCH: Chambal Fertilisers (Rs 87.7): Buy.
December 31, 2010... from BUSINESS LINE, December 31, 2010 We recommend a buy in the stock of Chambal Fertilisers and Chemicals from a short-term perspective. It is apparent from the charts of the stock that from its November 2008 low of Rs 29.5, it has been on a...

MARKET WATCH: Day Trading Guide.
December 31, 2010... from BUSINESS LINE, December 31, 2010 DLF: Avoid trading in the stock as long as it trades between Rs 282 and Rs 292 zone. ICICI Bank: We recommend a buy in the stock with tight stop-loss at Rs 1,124 levels. Infosys: As long as Infosys...

MARKET WATCH: C Mahendra Exports fixes IPO price band at Rs 95-110.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - C Mahendra Exports, a diamond and jewellery company, has come out with an initial public offering (IPO) of 1.5 crore shares at a price band of Rs 95-110. The IPO will open on December 31,...

MARKET WATCH: Kotak Mahindra launches diversified debt fund.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - Kotak Mahindra mutual fund has launched Kotak Multi-Asset Allocation Fund, an open-ended debt fund which will invest in debt, equity and gold. The new fund offer (NFO) will open on December...

MARKET WATCH: Metals lose sheen despite big stimulus spend.
December 31, 2010... from BUSINESS LINE, December 31, 2010 The BSE Metals index had a sub-par year shedding 12 per cent despite healthy domestic and global volume growth in steel, aluminium among other metals. This, aided by heavy stimulus spending was not enough to...

COMMODITIES: Costlier onion, milk drive food inflation to 10-week high.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - Food inflation sharply surged for the fourth consecutive week in mid-December to touch a 10-week high. Egg, meat dearer Inflation in food items, based on the annual Wholesale Price...

LOGISTICS: With more flyers, airports get swankier; Chennai, Kolkata upgrade to set pace in 2011.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - In 2011, flying through Chennai, Kolkata and many other airports in the non-metro cities promises to be a more pleasant experience. This follows the State-owned Airports Authority of...

LOGISTICS: Shipping firms sailing into rough weather.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad/ Mumbai, Dec 30 - Shipping companies will be sailing into the New Year without much to cheer about. After steering through a subdued and unpredictable freight market in 2010, ship owners are not...

LOGISTICS: Air India Charters to shift base to Kochi.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - The head quarters of Air India Charters Ltd (AICL) will be shifted to Kerala in pursuance of a decision taken on October 8, during the 178th meeting of the Board of AICL, a statement from...

AGRI-BUSINESS: Wheat firm despite Centre's move to release 50 lakh tonnes.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Karnal, Dec. 30 - Even after a statement that the Central Government will release a stock of 50 lakh tonnes wheat, the market continued to rule firm. On Thursday, the D ara variety ruled around Rs 1,240 a...

AGRI-BUSINESS: Weak futures turn sugar bitter.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - Sugar prices on the Vashi wholesale market declined on Thursday by Rs 10-15 a quintal on weak futures market and lack of local demand. Resale pressure added to the trend. Mills continue...

AGRI-BUSINESS: Poultry sector eyeing Lanka for egg exports.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Chennai, Dec. 30 - The poultry industry is now setting its sights on the neighbouring Sri Lanka, after benefiting from high egg prices in the domestic market. Mr P. Selvaraj, Chairman, National Egg...

AGRI-BUSINESS: Low demand pulls down jeera.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Rajkot, Dec 30 - Jeera was traded lower as demand has fallen, and due to increased arrivals in the market. At the National Commodity and Derivatives Exchange (NCDEX), jeera January futures decreased by Rs...

AGRI-BUSINESS: Bullish global cues keep soya oil warm.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Indore, Dec. 30 - Soyabean oil continued to witness an uptrend on bullish foreign market and rising domestic demand that has picked up pace ahead of the ensuing marriage season and the Makar Sankranti...

AGRI-BUSINESS: 45% of farmers want to quit farming: Swaminathan.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad, Dec. 30 - Prof M.S. Swaminathan, the father of Green Revolution and Chairman of National Commission on Farmers (NCF) that called for revamp of policies to revitalise agriculture, says agricultural...

AGRI-BUSINESS: Bt cotton helps Gujarat top in production.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Chennai, Dec 30 - Mr Narendrabhai N. Limbasaya of Kotada Nayan village in Gujarat's Rajkot district has been growing cotton on 15 acres of land he owns for the last 7-8 years. Unlike in the previous years,...

AGRI-BUSINESS: Sugar may ride the speculation wave in 2011.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Mumbai, Dec. 30 - If tight global sugar market fundamentals have propelled prices to record levels, emerging speculative interest in the commodity may further boost the bullish sentiment. Although...

AGRI-BUSINESS: Spot rubber rules steady.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Kottayam, Dec. 30 - Spot rubber continued to rule almost steady on Thursday. Expectations on an improvement in arrivals during the ongoing peak production season kept the buyers on sidelines but the market...

AGRI-BUSINESS: Cotton exports registration from today.
December 31, 2010... from BUSINESS LINE, December 31, 2010 New Delhi, Dec. 30 - The modalities for export of the unshipped 25 lakh bales of cotton are out. The Directorate General of Foreign Trade, in charge of registration of contracts, will receive applications...

STATES: Pepper futures drop on profit booking.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Kochi, Dec. 30 - Pepper futures on Thursday declined on correction and a little bit of profit booking. The market was steady during trading hours and at the closing hour, it declined marginally on "little...

STATES: Intel plans marketing ride in Kochi.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Kochi, Dec. 30 - Intel India, as part of organising a computer mela in Kochi, has deployed a van that will stop at various places in the city to showcase a range of personal computing devices for first- time...

STATES: Technopark Biz Incubator, TiE Kerala to promote SMEs.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Thiruvananthapuram, Dec. 30 - The Technopark Technology Business Incubator (T-TBI) and The Indus Entrepreneurs (TiE), Kerala, have signed a memorandum of understanding for the promotion and development of...

STATES: New GM of SBT assumes charge.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Thiruvananthapuram, Dec. 30 - Mr Sanjay K. Singh has taken over as General Manager (Planning and Development) at State Bank of Travancore (SBT). Announcing this here, an official spokesman said here that Mr...

STATES: Biodiversity Congress calls for new land use policy.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Thiruvananthapuram, Dec. 30 - The need for formulating a new land use policy was emphasised during the ongoing Indian Biodiversity Congress here on Thursday. It is time the Government charted out a...

STATES: 'Rs 1.3 lakh-cr investment driving suicidal economy'.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Thiruvananthapuram, Dec. 30 - India is spending an estimated Rs 1.3 trillion (Rs 1.3 lakh crore) to support what conservationists have described as a 'growingly suicidal economy' at huge cost for the...

STATES: Special court to probe land deal.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hyderabad, Dec. 30 - The Special Court for Anti-Corruption Bureau has earlier this week directed the Director-General of ACB to register a case against former Chief Minister, Mr K. Rosaiah, and 14 others in...

STATES: SBM opens Navanagar branch in Hubli.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Hubli, Dec. 30 - The State Bank of Mysore (SBM) opened its Navanagar branch in Hubli. The branch was inaugurated by the Deputy Commissioner, Dharwad, Mr Darpan Jain. Dharamadhikarigalu Sukshetra Balaganur,...

STATES: Corpn Bank completes financial inclusion programme.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Bangalore, Dec. 30 - Corporation Bank completed its financial inclusion outreach at all villages with population of above 2,000 with the opening of its Grameena Vikas Kendra (branchless banking unit) at...

LIFE: Pack your bags for 2011.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Refreshed after your Christmas break? Well, it's time to start planning for next year as tour operators have already put their summer 2011 act together. Based on early bookings, industry reports and tips...

LIFE: It's incredible, India lags badly.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Deciding to indulge ourselves in a memorable holiday, my wife, Rati, and I embarked on an Alaskan cruise, which proved to be exotic beyond expectations. The exciting trip down the Canadian Rockies, which...

LIFE: Sweet Swiss dreams.
December 31, 2010... from BUSINESS LINE, December 31, 2010 After a gruelling few days in the snow-laden ski town of Davos, the venue of the World Economic Forum every year, Zurich is a welcome change. Not only are you away from slippery snow, crucial deadlines and...

LIFE: Young India's Everest moment.
December 31, 2010... from BUSINESS LINE, December 31, 2010 This is a small book for a big climb. Written by Arjun Vajpai, the youngest Indian yet to summit the world's highest peak, it should interest a young generation, some of who fancy mountaineering. The...

LIFE: Serves many.
December 31, 2010... from BUSINESS LINE, December 31, 2010 You can open his book on any page and get absorbed by its contents that will tell you the difference between prawns and shrimps, ham and bacon or more intricate stuff such as the difference between...

LIFE: Big year for the small film.
December 31, 2010... from BUSINESS LINE, December 31, 2010 Bollywood 2010 was ruled by a moustache. And Zandu balm. Not too many men with moustaches make it to the cover of Forbes, GQ or Man's World. But Bollywood is another matter. And so is Salman Khan, the...

LIFE: Europe's loverboy Shah Rukh.
December 31, 2010... from BUSINESS LINE, December 31, 2010 She saw the Shah Rukh Khan-starrer period film Veer Zaara in 2004 and her whole life changed. No, she is not your regular Bollywood movie fan but a sensitive painter and sculptor - German artist Anna Mandel...

FRONT PAGE: Suspect sold third party, not Citibank, products.
December 30, 2010... from BUSINESS LINE, December 30, 2010 New Delhi/Mumbai, Dec. 29 - The exact amount involved in the Citibank's Gurgaon fraud case is yet to be determined but it is not the "highly inflated" Rs 400 crore, according to a person familiar with the...

FRONT PAGE: Sponsors on front-foot after India's Durban win.
December 30, 2010... from BUSINESS LINE, December 30, 2010 Mumbai, Dec. 29 - India's victory in the second Test against South Africa has given a new lease of life for the sponsors of the series, who were on the brink of fizzling out barely seven days into the...

FRONT PAGE: Decision on Posco by Jan-end: Jairam.
December 30, 2010... from BUSINESS LINE, December 30, 2010 New Delhi, Dec. 29 - The Ministry of Environment and Forests (MoEF) will decide on the fate of Posco's integrated steel plant in Orissa by January end. Posco proposes to invest about $12 billion in a 12...

FRONT PAGE: Equity MFs beat Sensex, yet fail to retain investors.
December 30, 2010... from BUSINESS LINE, December 30, 2010 Mumbai, Dec. 29 - The Sensex gained 11 per cent in the first 11 months of calendar 2010. Many equity mutual funds bettered the benchmark indices yet saw an outflow of Rs 17,000 crore during that period. ...

CORPORATE: Tata Steel Teesside plant sale hopes on a high.
December 30, 2010... from BUSINESS LINE, December 30, 2010 London, Dec. 29 - Hopes that Tata Steel's plan to sell its Teesside Cast Products steel plant in northern England to Sahaviriya Steel Industries (SSI) could soon be finalised continue to mount. Unions...

CORPORATE: Mumbai Angels invests over Rs 4.5 crore in tutoring institute.
December 30, 2010... from BUSINESS LINE, December 30, 2010 Chennai, Dec. 29 - Mumbai Angels, a network of individuals that invests in start-up and early stage companies, has invested over Rs 4.5 crore in DEXL Education Services India Pvt Ltd, a tutoring institute...

CORPORATE: 5 NTPC projects bag safety awards.
December 30, 2010... from BUSINESS LINE, December 30, 2010 New Delhi, Dec. 29 - Five of NTPC Ltd's power stations - Talcher, Ramagundam , Simhadri, Kayamkulam and Dadri - have been awarded for "safety innovations" by The Institution of Engineers. The awards were...

CORPORATE: Baring India PE fund invests $90 m in Cethar Vessels.
December 30, 2010... from BUSINESS LINE, December 30, 2010 Chennai, Dec. 29 - Baring Private Equity Partners India has invested $90 million (Rs 405 crore) in Cethar Vessels Ltd, a leading manufacturer of boilers for power plants. According to a press release from...

CORPORATE: It is high noon for solar energy sector but...
December 30, 2010... from BUSINESS LINE, December 30, 2010 Hyderabad, Dec. 29 - With the Jawaharlal Nehru National Solar Mission addressing most issues, the country's solar energy sector is poised for the next phase of growth. The first batch of projects is likely...