Business Line articles from June 2009, page 8

Business Line archives from June 2009

NEWS: Cut excise for CFLs.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The Finance Minister must exempt compact fluorescent lamps from the current excise tax rate of 4 per cent and this would not only lower consumer prices but also promote the usage of the energy-efficient lamps...

NEWS: Strengthen farm sector.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The growth in agriculture sector is crucial to maintaining the GDP momentum. Agriculture income affects the lives of nearly 700 million Indians. Higher food prices and food security will continue to be areas of...

NEWS: Incentivise investments.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The Indian economy has been one of the better performers in the world in recent years. However, driving growth in challenging times is the agenda of the government at the moment. For India to lead the global...

NEWS: Restore parity in taxation under new pension scheme.
June 24, 2009... from BUSINESS LINE, June 24, 2009 All Central government employees who joined service after 2004 would stand to lose in terms of tax benefits under the new pension scheme. Contribution to the new pension scheme is tax deductible under Section...

NEWS: Raise the IT exemption limit.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Despite inflation drifting to -1.6 per cent, middle-class housewives are left with no money to save as their expenses on essentials - vegetables, fruits and grocery - have trebled in the last one year. With...

NEWS: Raise 80C investment cap to Rs 5 lakh.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Tax planning is a coherent part of any financial plan. Everybody, whether salaried or a businessman, is interested in minimising the tax liability. The Income-Tax Act allows certain deductions while calculating...

NEWS: Focus on implementable policies.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The Finance Minister should focus on clear-cut, implementable policies within the timeframe so that the budgetary provisions can be made accordingly. The priority areas can be decided from the database available...

NEWS: Give a guiding hand, not crutch.
June 24, 2009... from BUSINESS LINE, June 24, 2009 In these testing times, the Government needs to adopt a proactive role. Industry does not require a crutch - it needs a firm guiding hand. What we need the Finance Minister to address are larger issues such as...

INFO-TECH: Mahindra Satyam to merge with Tech Mahindra.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - Mahindra Satyam, the rechristened Satyam Computer Services, will merge with Tech Mahindra as part of an effort to promote greater synergies. "It is only logical as there are a lot of...

INFO-TECH: Xerox software to 'secure' certificates.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - Fake university certificate is big business in India. But now there is a solution that can help universities issue certificates with additional security in place. Micro-text marks - of 1/100th...

LOGISTICS: Concor Q1 domestic traffic growth likely to be 14%.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kolkata, June 23 - Container Corporation of India's domestic traffic is showing a healthy growth while the international traffic is dwindling largely due to the recession in many developed countries. In...

MARKETING: India records highest growth for LG Electronics.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Hyderabad, June 23 - For South Korean consumer electronics major LG Electronics, India could graph the highest growth rate in terms of sales compared with its other markets in the last five months, beating...

LOGISTICS: New MD for DP World sub-continent.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kochi, Jun 23 - DP World Group has announced that Capt Anil Singh will take over as Managing Director of the DP World Subcontinent Region. Capt Singh takes over from Mr Ganesh Raj, who, after his three-year...

MARKETING: Madison Media bags Britannia.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - Madison Media has bagged the media account of biscuit major Britannia Industries. The incumbent agency was Maxus of Group M which held the account for five years. The account is estimated...

MARKETING: Indus Fila enters domestic retail.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - Textile manufacturer and apparel exporter Indus Fila has entered the domestic retail sector with its exclusive brand outlets for the mass market. The Rs 500-crore Bangalore-based company...

MARKETING: Parle Agro enters snack food segment.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The Rs 950-crore Parle Agro has entered the snack food category under the brand - Hippo. The maker of brands like Frooti and Appy is extending its portfolio from beverage and confectionery...

MARKETING: CavinKare re-launches Chik Jasmine shampoo.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - If you're accosted by girls bearing trays of jasmine at a bus terminus in Tamil Nadu, look closer, it probably contains sachets of Chik Jasmine Madurai Malli. The Chennai-based CavinKare...

LOGISTICS: Strike affects work at Haldia dock.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kolkata, June 23 - Operations at Haldia dock have remained suspended for the past few days following a cease-work by a section of contractors' workers demanding higher wages and more facilities. The majority...

BANKING/FINANCE: Rupee to test the 50 mark.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Rupee reversed downward from the 47 resistance zone in line with our expectation to weaken towards 49 against the dollar. Weakness in Indian equities that resulted in foreign institutional investors pulling out...

BANKING/FINANCE: Bonds range-bound.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - Bond prices opened positive because of a drop in the US Treasury yields, but were range-bound during the rest of the day. The gain in bond prices was barely five to 10 paise, said a bond dealer...

BANKING/FINANCE: BoI cuts deposit rates.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - Bank of India on Tuesday said it is cutting interest rates on domestic term deposits by 25-75 basis points across various maturities. The revised rates will be applicable for fresh deposits...

BANKING/FINANCE: Call rate stable.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The inter-bank call rate closed at 3.25-3.30 per cent, same as the previous day's close. Under the first liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In...

BANKING/FINANCE: Rupee gains marginally.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The rupee gained marginally by 6 paise against the dollar on Tuesday, in a volatile market. The domestic currency opened lower at 48.85/86 and weakened to touch an intra-day low of 48.95/96. It...

BANKING/FINANCE: SBI pact for credit guarantee.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - State Bank of India has signed a memorandum of understanding with the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to cover micro and small enterprises under portfolio credit...

BANKING/FINANCE: FOMC: Downbeat assessment and vow for low rates?
June 24, 2009... from BUSINESS LINE, June 24, 2009 Fed time is upon us again. Its interest rate decision body, the Federal Open Market Committee (FOMC), announces its stance Wednesday. Since it last met, approximately six weeks ago, there is a pullback in the...

BANKING/FINANCE: LIC's new premium income set to grow 25% this fiscal.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kolkata, June 23 - The new premium income of Life Insurance Corporation of India is to likely grow 25 per cent in 2009-10 over 2008-09, according to its Chairman, Mr T. S. Vijayan. LIC had collected nearly Rs...

BANKING/FINANCE: HUDCO trims lending rates.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - Housing and Urban Development Corporation has lowered its lending rates up to 1.25 percentage points for the government as well as the private sector. The new rates will be applicable from...

BANKING/FINANCE: New advisory panel soon on monetary policy.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The Reserve Bank of India has decided to put in place a reconstituted Technical Advisory Committee (TAC) on monetary policy with effect from July 1. Among others, the members of the committee...

BANKING/FINANCE: India Inc raises $494 m via ECBs in May.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The external commercial borrowing (ECB)/ Foreign Currency Convertible Bonds (FCCBs) data released by the Reserve Bank of India shows some encouraging trend. In the month of May, India Inc...

BANKING/FINANCE: Dept of Posts to have its own investment office soon.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The Department of Posts plans to open its investment office in Mumbai next month to manage the funds garnered by it through premiums under the Postal Life Insurance (PLI) scheme. The move is in...

OPINION: Pepping up public services.
June 24, 2009... from BUSINESS LINE, June 24, 2009 All indications are that the Public Services Bill which had been drafted by the Central Government in 2007 and circulated for eliciting public opinion will soon be taken up for consideration by Parliament. Only...

OPINION: GM foods.
June 24, 2009... from BUSINESS LINE, June 24, 2009 This is with reference to the article "Proposed ban on GM food crops not desirable" (Business Line, June 23). The article says: "Mustard - unlike maize, cotton or tomato - is a self-pollinating plant in which...

OPINION: Budget cues.
June 24, 2009... from BUSINESS LINE, June 24, 2009 With barely two weeks to go for the new Government's first Budget and a month before the next monetary policy review by the Reserve Bank of India (RBI), the economy offers some clues on what policymakers should...

OPINION: Global imbalance: More cultural, less economic.
June 24, 2009... from BUSINESS LINE, June 24, 2009 As the Council on Foreign Relations (CFR) report [at pp15-18] traces the history and the facts of the imbalance, it ends up discoursing almost entirely about the US current account imbalance. A quick look at the...

OPINION: Tax according to height!
June 24, 2009... from BUSINESS LINE, June 24, 2009 The previous article in this series had said that given how crowded the world of economics has become, economists are jumping up and down and waving their hands to draw attention to themselves. It had drawn...

OPINION: Ways to raise revenues.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The Finance Minister faces a situation fraught with uncertainties even as he prepares his proposals for Budget 2009-10. The macroeconomic environment now, both at home and abroad, appears to be slightly better...

MARKET WATCH: SEBI allows managers to keep funds of all clients in one.
June 24, 2009... from BUSINESS LINE, June 24, 2009account Mumbai, June 23 - In a modification of its earlier guidelines, SEBI on Tuesday said portfolio managers may keep all clients' funds in a separate bank account rather than open individual bank account for...

MARKET WATCH: Pyramid Saimira case: Ball in SEBI's court.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - The Securities Appellate Tribunal (SAT) disposed of the appeals made by Ms Veena N. Kotecha and Kotecha Capital Services against an ex-parte SEBI order in the Pyramid Saimira case, but kept the...

MARKET WATCH: Suzlon adds 63 lakh shares ahead of expiry.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - Turnover jumped to Rs 85,076.5 crore in the F&O segment on the NSE on Tuesday, ahead of the June contracts expiry. The Nifty future witnessed smart turnaround to end positive at 4247.9...

MARKET WATCH: Mahindra Holidays' IPO attracts 20% subscription.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - The initial public offering of Mahindra Holidays and Resorts Ltd attracted bids for 20 per cent of the number of shares offered, on the first day of the issue, according to the data provided...

MARKET WATCH: Fight for Great Offshore could drain internal accrual.
June 24, 2009... from BUSINESS LINE, June 24, 2009 The race for acquiring a stake in offshore oilfield service provider Great Offshore Ltd (GOL) gained pace with ABG Shipyard making a counter offer early on Tuesday, and Bharati Shipyard announcing its intention...

MARKET WATCH: Bajaj Holdings (Rs 358.75): Sell.
June 24, 2009... from BUSINESS LINE, June 24, 2009 We recommend a sell in Bajaj Holdings and Investment from a short- term trading horizon. It is evident from the charts of Bajaj Holdings that its intermediate-term up-trend, which began from the March low of Rs...

MARKET WATCH: Day Trading Guide.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Fresh short-position can be initiated if DLF declines below its 50- day moving average (Rs 307), with tight stop-loss. Initiate fresh short-position if ICICI Bank dives below Rs 684 and L&T tumbles below Rs...

MARKET WATCH: Delayed monsoon sends market players to fields.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kolkata, June 23 - Delayed monsoon has forced equity analysts to take a hard look at the corporate numbers directly or indirectly dependent on rains in the countryside. Monsoon and agriculture gain more...

MARKET WATCH: New bikes may help Bajaj Auto ride back to the top.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bajaj Auto's launch of a premium motorcycle at a competitive price may help strengthen its market share in the segment and aid export growth. With credit availability improving and rates coming down sharply,...

NEWS: Double taxation pact with Myanmar to take effect from April 2010.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - The double taxation avoidance agreement (DTAA) between India and Myanmar will come into effect in India from April 1, 2010, a revenue department official said. Both the countries signed...

NEWS: Dubai Airport Freezone eyes Indian investors.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - To expand its business, Dubai Airport Freezone (DAFZ) is looking at India as a potential investor market. The DAFZ hopes to attract more Indian companies to set up shop at its facility....

NEWS: Global crisis: Study says Indian media coverage scores over Europe, US.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - The Indian media does not share in the blame attributed to the Western media for doing a poor job of warning the public of the economic crisis, according to a Nielsen survey. "While the...

NEWS: New slum development scheme to cover 74 cities.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - Barely a fortnight after the President's address to Parliament outlining the new Government's development priorities, work is under way on translating some of these goals into actionable...

NEWS: Centre's 100-day power plan: 5,653 MW capacity addition.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - The Centre is targeting the commissioning of a power capacity addition of over 5,500 MW in its 100-day plan. "We have set a target of 5,653 MW capacity addition in the first 100 days of...

NEWS: Deloitte India offers career customisation option for staff.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - Mr Dhananjay Bansod, Chief People Officer, Deloitte India, has at least four per cent of his workforce on a professional see-saw. While some are dialling down their job roles and...

NEWS: 'Industry must focus on zinc mining'.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Hyderabad, June 23 - With global meltdown hitting hard, it is time to invest in exploration and mining of zinc, according to Mr P. Parvathisem, former Chairman and Managing Director of Nalco and Hindustan...

NEWS: Paradip port may buy reclaimers.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kolkata, June 23 - The Paradip Port Trust (PPT) proposes to acquire two new reclaimers for its iron ore berth, and has accordingly placed an order worth Rs 30.6 crore with McNally Bharat Engineering Company Ltd....

NEWS: Has Ram Mynampati quit?
June 24, 2009... from BUSINESS LINE, June 24, 2009 Hyderabad, June 23 - Has Mr Ram Mynampati, the former President of Satyam Computer Services and interim CEO immediately after the break out of the financial fraud in January, quit? According to sources Mr...

NEWS: Mumbai airport all set to take on the monsoon.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mumbai, June 23 - Preparations to tackle monsoon snarls at the Mumbai airport are in full swing. Standard procedures have been complied with and steps have been taken to minimise the impact of emergency...

AGRI-BUSINESS: Corn prices ease on hopes of monsoon revival.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - Forecasts of monsoon reviving by Friday helped ease maize (corn) prices on Tuesday as also default by suppliers. "Prices declined much to our relief. There is no dearth of stocks either...

STATES: Mixed trend in spot rubber.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kottayam, June 23 - Physical rubber prices showed a mixed trend on Tuesday. The under current appeared weak as there were no quantity buyers in the main marketing centres. Sheet rubber closed unchanged at Rs 99...

AGRI-BUSINESS: Arabian Sea storm seen strengthening monsoon.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Thiruvananthapuram, June 23 - Monday's low-pressure area in the east-central Arabian Sea spun furiously overnight to become a depression the next morning with a track to the northeast for onward movement. On...

STATES: IIPM places 2,300 students.
June 24, 2009... from BUSINESS LINE, June 24, 2009 New Delhi, June 23 - Despite being a challenging year for the most B-schools, the Indian Institute of Planning and Management (IIPM) has managed to place a total of 2,300 students. A record 750 companies visited...

STATES: New facilities at passport office in Kochi.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kochi, June 23 - In order to issue passports expeditiously and error-free, the Regional Passport Office at Kochi has decided to accept only online registered applications from normal and tatkal category...

STATES: South Canara Co-op Bank logs Rs 7.59-cr profit.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mangalore, June 23 - The South Canara District Central Cooperative (SCDCC) Bank Ltd, Mangalore, has recorded a net profit of Rs 7.59 crore during 2008-09 against Rs 6.49 crore in the previous fiscal, registering...

NEWS: ICAI plans incubation facility for freshers.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Mangalore, June 23 - In its efforts to build capacity among small and medium chartered accountancy firms, the Institute of Chartered Accountants of India (ICAI) plans to provide incubation facilities for fresh...

STATES: HC directs employer to reimburse medical expenses.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Chennai, June 23 - The claim of a plantation worker in Tamil Nadu for reimbursement of medical expenses incurred in a private hospital was to be conceded, the Madras High Court has held. However, the Court made...

STATES: Arts and crafts village at Kovalam.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Thiruvananthapuram, June 23 - Kerala Tourism has started work on the project to establish an arts and crafts village at Kovalam near Thiruvananthapuram. Kovalam, a popular beach destination, draws a large...

STATES: Rural lending untouched by economic crisis.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - The global economic crisis has not hit loan recoveries in the agriculture sector, as both food output and non- farm activity were relatively unaffected. Mr S. Sridhar, Chairman and...

STATES: 'Coimbatore is promising destination for investors'.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Coimbatore, June 23 - While Coimbatore has emerged as an ideal IT destination, textile hub and educational centre, there has been no concerted effort to create a brand for the city in the minds of target...

STATES: Pepper futures close lower on weak demand.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kochi, June 23 - The pepper futures market on Tuesday was easier on limited activities and for want of buying support. There was low volume, low off-take and limited demand - all together pushed the market...

STATES: Broadband services across Sikkim in 100 days: Sachin Pilot.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Gangtok, June 23 - The Union Minister of State for Communication & Information Technology, Mr Sachin Pilot, has announced the launch of 3G services by BSNL in Gangtok by August 15 this year. He was here...

STATES: CII Young Indian team on exploratory visit to UK.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - The Young Indian (Yi) chapter of the Confederation of Indian Industry is leading a 15-member delegation to the UK on June 24-25. The brand ambassadors of New Age India and Indian Business...

STATES: FKCCI export awards.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Bangalore, June 23 - The Federation of Karnataka Chambers of Commerce and Industry (FKCCI), on Tuesday, presented export awards for the fourth consecutive year to exporters of the State. Mangalore Refinery and...

STATES: 'Some papers of Ramanujan still unsolved'.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Hyderabad, June 23 - "Some of the original works done by Srinivasa Ramanujan, which are unsolved, are well-preserved at Madras University. Only a few, however, are interested in taking up research work on his...

STATES: Govt to go ahead with tie-ups of Central and State PSUs.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Kochi, June 23 - In order to tide over the crisis being faced by the State public sector units, the State Government has initiated steps for tie-ups between various Central and State PSUs, Mr Elamaram Kareem,...

STATES: Kerala revising BPL list.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Thiruvananthapuram, June 23 - The Kerala Government is revising the list of below-the-poverty line (BPL) families in the State, which will be published in July, according to the Minister for Local...

STATES: AG's office set to offer services online.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Thiruvananthapuram, June 23 - The Office of the Accountant General (A&E), Kerala, will soon make available online a series of services related to general provident fund (GPF) and pension to government...

STATES: Intel India holds Net mela.
June 24, 2009... from BUSINESS LINE, June 24, 2009 Madurai, June 23 - Intel India organised a two-day 'Internet Mela' here, jointly with Bharat Sanchar Nigam Ltd, showcasing Net-tops and Net books along with BSNL broadband connections for first-time PC users on...

FRONT PAGE: Union Bank cuts lending rate by25 bps; others may follow suit.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai, June 22 - The Finance Minister's fiat to public sector banks, to lower lending rates, seems to be having the desired effect as banks have started cutting their benchmark prime lending rates. The Union...

FRONT PAGE: AI targets Rs 500-cr wage cost reduction.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai/New Delhi, June 22 - Air India is targeting a reduction of almost 17 per cent or Rs 500 crore of its annual wage bill of more than Rs 3,000 crore. The airline is passing through a severe financial crisis,...

FRONT PAGE: NTPC to get gas from Reliance at $4.2.
June 23, 2009... from BUSINESS LINE, June 23, 2009 New Delhi, June 22 - NTPC Ltd is close to signing a deal with Reliance Industries Ltd (RIL) for gas from the D6 block at $4.2/mBtu at the landfall point. The deal covers all of the public sector power major's...

FRONT PAGE: Renault puts India car plans on the fast track.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai, June 22 - French carmaker Renault has completely recast its plans for India as part of a new, aggressive approach that will see it producing cars in its Chennai plant by 2011. "It is important for us...

CORPORATE: Lanco unit starts Himachal project.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Hyderabad, June 22 - Lanco Infratech Ltd has informed the BSE that Baner-III (5 MW) small hydro project in Dharmshala (Himachal Pradesh) was successfully commissioned by Vamshi Hydro Energies Pvt Ltd, a...

NEWS: Jindal Saw bags Rs 1,000 cr worth orders.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai, June 22 - Jindal Saw Ltd, one of the largest saw pipe manufacturers, has bagged orders worth Rs 1,000 crore for supply of large diameter pipes and ductile iron pipes in domestic and export markets. The...

CORPORATE: Pharma industry seeks incentives for research.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai, June 22 - Research undertaken to develop medicines is different from research in any other industry segment, say pharma industry representatives in their pre-Budget wishlist to the Centre, even as they...

CORPORATE: UPS to boost India focus.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Mumbai, June 22 - UPS, the US-based express and logistics services company, is honing focus on its India operations. "UPS has identified China and India as important growth markets in the Asia-Pacific region....

CORPORATE: Texmaco to raise funds through equity, debt.
June 23, 2009... from BUSINESS LINE, June 23, 2009 Kolkata, June 22 - The Rs 807-crore Texmaco plans to raise funds through equity and debt to finance its proposed heavy engineering projects. Mr A.K. Vijay, Senior Vice-President of the company, told Business...