Business Line articles from June 2010

Business Line archives from June 2010

FRONT PAGE: Global buyers' 'green' demands spell trouble for textile units in SEZs.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - The growing green consciousness among major buyers in developed markets such as the US and Europe has put textile units in special economic zones (SEZ) under pressure. Big buyers - such...

FRONT PAGE: SBI sets base rate at 7.5%.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai/ New Delhi, June 29 - Most of the large public sector banks on Tuesday set their base rate at 8 per cent, taking the cue from SBI which kept it at 7.5 per cent - the lowest so far. According to the...

FRONT PAGE: Announcement.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Starting today, Business Line brings you a new section on Commodities. It will provide more insights into the happenings in the terminal farm markets. The page will feature reports from interior markets in the...

FRONT PAGE: Mahindra Satyam, law agencies differ over Raju's liabilities.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai/ New Delhi, June 29 - The Mahindra group and the various enforcement agencies appear to have different viewpoints on the treatment of the Rs 1,230-crore, which Mr Ramalinga Raju had personally invested in...

CORPORATE: Saab will bid for Indian contracts with local partner.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - The Swedish fighter aircraft manufacturer, Saab will henceforth bid for Indian contracts only with a local partner, senior company officials said on Tuesday. "From now on we will bid for...

CORPORATE: Maytas Infra reports Rs 250-cr loss for 2009-10.(Financial report)
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - Maytas Infra Ltd has registered a loss of Rs 249.64 crore on an income of Rs 955.44 crore (stand-alone) for the financial year ended March 31, 2010, against the overall loss of Rs 489.78...

CORPORATE: Auditors qualify Maytas Infra accounts.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - Maytas Infra Ltd today maintained that it has documentary evidence to show that Mahindra Satyam (Satyam Computer) was the ultimate beneficiary of Rs 324 crore, which was handed over as...

CORPORATE: Ashok Leyland trucks to cost more.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Chennai, June 29 - Ashok Leyland today has announced an increase in the prices of its medium and heavy duty vehicle models by about 3 per cent with immediate effect. This will translate into a rise of between Rs...

CORPORATE: Costlier fuel puts pressure on drug prices.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Consumers may be spared a rise in medicine prices just yet, following an increase in petro product prices effected last week. Drug companies, though, will have to do a balancing act -...

CORPORATE: Emami signs deal to buy manufacturing unit in Egypt.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Emami Ltd has signed a deal to buy a personal care product manufacturing unit in Egypt at around Rs 30 crore. The deal, subject to approvals and fulfilment of a few compliances by Emami,...

CORPORATE: Alembic to demerge pharma unit.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Ahmedabad, June 29 - Gujarat-based Alembic Ltd said on Tuesday that it proposes to demerge its pharmaceutical unit and enter the real estate business in Vadodara where it holds more than 100 acres of prime land....

CORPORATE: RCF to set up $1.5 b facility in Ghana.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Rashtriya Chemicals and Fertilizers plans to set up a 2.3 million tonne urea and ammonium nitrate plant in Ghana at a cost of $1.5 billion. Mr U.S. Jha, Chairman and Managing Director, told...

CORPORATE: Denso-Subros venture to make ACs in India.(Company overview)
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Auto air-conditioning systems maker Subros Ltd and Japanese firm Denso Corp announced on Tuesday the formation of a joint venture company to locally develop and manufacture products for the...

CORPORATE: GE Healthcare to invest $50 m in Bangalore facility.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad June 29 - GE Healthcare, a medical technologies and services company, will be investing $50 million to set up a facility in Bangalore for design and manufacture of modern PET/CT molecular imaging...

CORPORATE: Natco's Anastrazole generic in US.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - The Hyderabad-based Natco Pharma Ltd has announced the launch of the generic version of Anastrazole 1 mg tablets in the US. The product has been launched through the company's marketing...

CORPORATE: JSW Steel to invest Rs 75,000 cr over 10 years.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - JSW Steel plans to invest Rs 75,000 crore over the next 10 years to ramp up capacity from 7.8 million tonnes per annum to 32 mtpa through greenfield and brownfield projects. Mr Sajjan...

CORPORATE: Birla Corp holds annual general meeting.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Birla Corporation's adjourned annual general meeting (AGM) for 2009-10 was held here on Wednesday. All the resolutions relating to annual accounts, dividend, appointment of directors,...

CORPORATE: Photon Energy to set up solar desalination plant at BARC.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - Solar energy is now being deployed to convert seawater into potable quality on a pilot scale in India at the Bhabha Atomic Research Centre (BARC) in Mumbai. Hyderabad-based Photon Energy...

CORPORATE: Setco Auto announces 1:1 bonus.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Automotive clutch makers Setco Automotive Ltd reported a 55 per cent jump in net profit for the financial year ended March 2010 at Rs 17.81 crore. The net revenue for the fiscal grew 30 per...

CORPORATE: Philips to focus on healthcare.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Philips Electronics India Ltd plans to launch in three months mother and child care products for the Indian market, according to its Managing Director and CEO, Indian Subcontinent, Mr Murali...

CORPORATE: ONGC to consider KG basin gas field development estimate afresh.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Come next month and the ONGC board is expected to consider a fresh cost estimate for development of the G1-GS15 marginal gas field in KG basin by April 2011, exactly five years behind the...

CORPORATE: Cadila launches anti-cancer pill in US.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Ahmedabad, June 29 - Cadila Healthcare Ltd (Zydus Cadila) has aunched generic version of Anastrazole tablets (1 mg) in the US market upon receiving an approval from the US FDA. The sales of the anti-cancer...

CORPORATE: ONGC seeks PM's help to resolve Russian tax issues.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata. June 29 - ONGC has sought the intervention of the Prime Minister in resolving the Russian tax puzzle and improving the returns of Imperial Energy, which is ONGC Videsh Ltd's wholly-owned UK-based...

CORPORATE: Uflex to invest $250 m on expansion.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Dubai, June 29 - Packaging major Uflex Ltd is expanding its global business to Egypt and Mexico. It has earmarked $250 million for the next two years to consolidate its business and to cope with the growing...

NEWS: Mexico may look at Indian-built N-reactor model for future projects.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mexico City, June 29 - Mexico, which is planning a big step-up in nuclear generation, is open to looking at an Indian-built reactor model for future projects. India has entered the nuclear export market with...

NEWS: Vocational trainers urged to offer career guidance.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - The Ministry of Labour and Employment has urged vocational training providers to introduce career guidance for the benefit of candidates. The Ministry has also suggested that vocational...

NEWS: Service tax to go on select operations within airports.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - From July 1 this year, no service tax will be levied on taxable service of commercial or industrial construction provided wholly within the airport. Similarly, the taxable service of...

NEWS: India joins global financial action task force.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - India has become a member of the Financial Action Task Force (FATF), an inter-governmental body responsible for setting global standards for anti-money-laundering and combating financing of...

NEWS: IIM-A to set up Hyderabad campus.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - The Indian Institute of Management, Ahmedabad (IIM-A) will soon set up its campus in Hyderabad. "The IIM-A board, in its meeting held on June 24, has okayed the proposal and decided to form...

NEWS: No need for Tobin-type tax on capital flows: PM.
June 30, 2010... from BUSINESS LINE, June 30, 2010 On-board the PM's special aircraft The Prime Minister, Dr Manmohan Singh, today ruled out the Tobin-type tax on capital flows saying that while the Tobin tax has merit in particular situations, capital flows are...

NEWS: Indian iron ore losing ground in China.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Despite an increase in iron ore exports to China in recent years, India is losing ground in the Chinese market to rivals such as Australia, Brazil and South Africa. India, which used to...

NEWS: Sponge iron units hit by drop in steel prices.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Sponge iron producers have appealed to the Union Government for protection against the impact of volatility in iron ore prices. They want the Government to ensure that there is no further...

NEWS: E-filing of Central excise, service tax.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - The Institute of Company Secretaries of India (ICSI) has entered into a memorandum of understanding with the Central Board of Excise and Customs (CBEC). This would enable company secretaries...

NEWS: Interactive session on GST.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - An interactive session on the Goods and Services Tax (GST) was organised here on Tuesday for the officers of Customs and Central Excise, Delhi Zone, to clear their doubts on the GST. It was...

LOGISTICS: Port union opposes relaxation in Cabotage Law.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kochi, June 29 - The Kochi Port Trade Union Samithy, a joint forum of trade unions, has urged the Shipping Ministry not to make any relaxations in the Cabotage Law facilitating freedom to handle Indian coastal...

LOGISTICS: Chennai airport registers 24% in cargo handling growth.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Chennai, June 29 - With buoyancy in exports, the Chennai airport registered a 24 per cent growth in cargo handled in the first five months of the calendar year over the same period last year. It handled 1,13,515...

LOGISTICS: Eredene group wins bid to build Ennore container terminal.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Chennai, June 29 - Eredene Capital PLC has won a bid in a consortium to build and operate the Container Terminal at Ennore Port. The estimated project cost of the Ennore Container Terminal is USD207 million. ...

BANKING/FINANCE: Shift in demand pattern driving food prices up, says Gokarn.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Dr Subir Gokarn, Deputy Governor of the Reserve Bank of India, said that there is a need to look beyond monetary policy to tame food price inflation, as it has more to do with a structural...

BANKING/FINANCE: 'New norms to hit insurers bottomline'.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - The new guidelines issued by the insurance regulator, IRDA for unit-linked plans are likely to impact the profitability of insurers and bring down ULIP sales, said industry officials. ...

BANKING/FINANCE: Call rates edge up.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Call rates ended at 5.25-5.35 per cent, against the previous close of 5.2-5.3 per cent. Under the first liquidity adjustment facility, there were 25 bids for Rs 32,445 crore in the one-day...

BANKING/FINANCE: New base rate to impact corporate borrowings.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - The move by most banks to fix the base rate between 7.5 and 8 per cent is set to increase the cost of borrowing for corporates, depending on the risk factor of the sectors they operate in. ...

BANKING/FINANCE: Rupee lower tracking equities.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - The rupee closed lower by about 20 paise against the dollar in a volatile market on Tuesday. The rupee was under pressure as both domestic equities and euro weakened, said dealers. The...

BANKING/FINANCE: More banks announce base rates.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, Kolkata, June 29 - Andhra Bank has fixed its base rate at 8.25 per cent. "With 3.42 per cent Net Interest Margin (NIM) at present, we are not going to be adversely hit in any manner. At present, we...

BANKING/FINANCE: Bond prices gain.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Bond prices gained marginally on Tuesday after RBI reduced the size of the auction to be held on Friday. The Reserve Bank of India announced the auction of Government securities worth Rs...

BANKING/FINANCE: 'Guaranteed returns on pensions tough'.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Insurance companies are likely to approach the insurance regulator, IRDA, for relaxation in the clause asking insurers to offer a guaranteed return of 4.5 per cent on pension products. ...

BANKING/FINANCE: Weakness in rupee.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Weak reading from the US economy and resurfacing credit concerns in Europe brought turbulence back to financial markets over the past week. Indian stocks went into a gentle decline and the rupee moved in tandem...

BANKING/FINANCE: Banal talk at G-20.
June 30, 2010... from BUSINESS LINE, June 30, 2010 It's enough to set anyone laughing, if it weren't so frightening. The G-20 countries met in Toronto over the week-end. All the time was spent discussing if the stimulus must continue and when deficit cutting...

BANKING/FINANCE: Export credit at/above base rate.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai: The RBI on Tuesday said the interest rates applicable for all tenors of rupee export credit advances with effect from July 1will be at or above base rate in respect of all fresh/renewed advances. ...

INFO-TECH: Pegasystems in pact with TCS.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - Pegasystems Inc, a business process management (BPM) services company, and Tata Consultancy Services (TCS) have signed an agreement to strengthen the latter's BPM practice and provide BPM...

INFO-TECH: Model N to invest $25 million.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - Model N, a US-based revenue management services company, has said that it would invest $25 million in the next three years. "We will double our investments from $4.8 million this year to...

INFO-TECH: PMO wants Law Ministry's views on 2G spectrum licences issued in 2008.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - The Prime Minister's Office has asked the Department of Telecom to seek the views of the Law Ministry on the issue of giving mobile licences to new players in 2008 without any auction. ...

INFO-TECH: Hold 3G spectrum allocation till Chinese gear imports issue is resolved: Tata Tele.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Tata Teleservices has written to the Department of Telecom asking it to hold the 3G spectrum allocation till issues linked to importing Chinese equipment are resolved. It said the...

INFO-TECH: Court seeks fresh report on Raju's health.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Hyderabad, June 29 - The special court on Satyam fraud has asked the Nizam's Institute of Medical Sciences (NIMS) to file a fresh report on the health condition of Mr B Ramalinga Raju, the former chairman of...

INFO-TECH: UIDAI drafts Bill to make it statutory authority.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - In a move that will arm it with statutory powers to issue unique identification numbers to Indian residents, the UIDAI on Tuesday came out with the draft 'National Identification Authority...

INFO-TECH: Spice Mobiles to merge with parent company.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Spice Global Group company Spice Mobiles Ltd said on Tuesday that it will be merged with parent company Spice Televentures Pvt Ltd by September. The new consolidated company would be...

OPINION: Freedom with strings attached?
June 30, 2010... from BUSINESS LINE, June 30, 2010 It was a measure that was long overdue. Yet it was probably the compulsion to showcase reform ahead of the G-20 meeting that forced the government to finally act. Whatever the motivation, last weekend's decision...

OPINION: Stunted on the farm.
June 30, 2010... from BUSINESS LINE, June 30, 2010 That less than a fifth of the value of GDP as represented by agriculture and allied activities is shared by over half the population eking out a living in the farm sector is a widely-known reality that distorts...

OPINION: China and India.
June 30, 2010... from BUSINESS LINE, June 30, 2010 "China's loss can be India's gain" ( Business Line, June 12) was an eye-opener. There appears to be increasing disenchantment in China, with agitating labour clamouring for higher wages and better industrial...

OPINION: Oil realities.
June 30, 2010... from BUSINESS LINE, June 30, 2010 The editorial 'Bold initiative' ( Business Line, June 28) causes surprise for complimenting the government for it's latest decisions on prices of petro-products and allowing Oil companies to fix retail prices....

OPINION: Glittering tribute to a glorious heritage.
June 30, 2010... from BUSINESS LINE, June 30, 2010 There is every reason for the people of Tamil Nadu, as also India as a whole, to take pride in the just-concluded five-day long Ulagath Thamizh Chemmozhi Maanaadu (World Classical Tamil Conference) as a...

OPINION: PM needs better advice on agriculture.
June 30, 2010... from BUSINESS LINE, June 30, 2010 On June 19, the Prime Minister, Dr Manmohan Singh, in his convocation address at the Pantnagar University in Uttarakhand, emphasised the importance of increasing agricultural production to meet the demand of an...

OPINION: For an active SME exchange.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Way back in November 2008, the Securities and Exchange Board of India (SEBI) had issued guidelines for setting up dedicated stock exchanges or a separate platform on the recognised stock exchanges for small and...

MARKET WATCH: Tata Motors better placed to raise funds from market.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Another round of fund raising by Tata Motors is only to be expected, considering the mammoth acquisition of Jaguar Land Rover (JLR) in 2008, and the many growth initiatives that the company announced...

MARKET WATCH: Joy Alukkas mulls IPO.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Bangalore, June 29 - The Joy Alukkas Group, with interests in jewellery retailing, manufacturing and exports, is mulling an initial public offering (IPO) to fund its retail expansion plans. The company may...

MARKET WATCH: Samruddhi lists at discount after demerger.
June 30, 2010... from BUSINESS LINE, June 30, 2010 After demerging from its parent company, Samruddhi Cement -Grasim Industries' cement subsidiary - listed on the bourses on Tuesday. After going through a volatile session, the stock closed at Rs 490. For...

MARKET WATCH: SEBI eases lending disclosure norms for FIIs.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - SEBI on Tuesday said that FIIs will now have to disclose information on Indian securities lent by them to overseas entities (for the purpose of short selling) on a weekly rather than a daily...

MARKET WATCH: Corporate News.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Coimbatore, June 29 - Aqua Logistics Ltd's board of directors has approved sub-division of equity shares of Rs 10 each into 10 equity shares of Re 1 each and raising of additional funds by way of issue of ADR /...

MARKET WATCH: Long unwinding seen in ONGC, Reliance Infra.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Chennai, June 29 - Turnover improved to Rs 82,409.73 crore on Tuesday. The Nifty futures closed with a premium at 5266.45 over the spot close of 5256.15 and it added 1.3 per cent or 3.87 lakh shares. Option...

MARKET WATCH: Reliance MF launches 2 funds in Malaysia.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Reliance Asset Management Malaysia (RAMMy) today announced plans to launch two maiden Shariah compliant funds in Malaysia. The two funds - a quantitative Global Equity fund and the India...

MARKET WATCH: Taurus Mutual launches open-ended scheme.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 29 - Taurus Mutual Fund announced the launch of an open ended income scheme with exposure to debt, equity and gold. The new fund offer of Taurus MIP Advantage Fund that opened today, will close...

MARKET WATCH: Prime Focus (Rs 299): Buy.
June 30, 2010... from BUSINESS LINE, June 30, 2010 We recommend a buy in the stock of Prime Focus from a short-term perspective. It is evident from the charts of the stock that its short-term downtrend which started from its April 2010 peak of Rs 365, found...

MARKET WATCH: Day Trading Guide.
June 30, 2010... from BUSINESS LINE, June 30, 2010 DLF We recommend a sell in DLF with stop at Rs 292 levels. ICICI Bank The near-term outlook is bearish for the stock. We recommend a sell in the stock. Infosys We recommend a sell in Infosys with tight...

AGRI-BUSINESS: Wheat stays firm.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Karnal, June 29 - Wheat prices are ruling firm in the face slack arrivals in the Punjab and Haryana terminal markets. On Tuesday, wheat (dara) was quoted at Rs 1,170-1,175 a quintal. However, at the wholesale...

AGRI-BUSINESS: Monsoon delay reflects on cotton.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Rajkot, June 29 - Cotton prices are on the rise with the monsoon being delayed in the growing areas such as Saurashtra in Gujarat as also Maharashtra. On Tuesday, raw cotton prices in Rajkot were quoted at Rs...

AGRI-BUSINESS: Rice hit by ample stocks, slack demand.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Karnal, June 29 - With wholesale merchants holding adequate stocks and demand slack, rice prices are witnessing a declining trend. The price of (Pusa) 1121 rice dropped to Rs 4,800 a quintal on Tuesday. During...

AGRI-BUSINESS: Month-end pressure tells on sugar.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Mumbai, June 28 - Sugar prices dropped sharply on Tuesday after having increased to a month's high during the weekend. Spot sugar price on the Vashi APMC market declined for second day by Rs 40 per quintal....

AGRI-BUSINESS: Demand heats up groundnut oil.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Rajkot/Mumbai/Indore, June 29 - Groundnut oil price have increased by Rs 30 for a tin of 15 litres in the last couple of days. In Mumbai, groundnut oil held firm even as prices of other edible oils dropped. ...

AGRI-BUSINESS: Potato prices may perk up on higher demand.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kolkata, June 29 - Potato prices are likely to firm up post monsoon due to an anticipated rise in demand. The wholesale price of the tuber (Jyoti variety) in West Bengal was quoted at Rs 410 a quintal on...

AGRI-BUSINESS: Spot rubber turns weak on global cues.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Kottayam, June 29 - Spot rubber prices turned weak on Tuesday. In the spot market, the prices slipped following declines in the domestic and international futures. Sheet rubber moved down to Rs 179.25 from Rs...

AGRI-BUSINESS: Monsoon hold-up in parts of east, central India may last until Sunday.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Thiruvananthapuram, June 29 - India Meteorological Department (IMD) has said in a special bulletin on Tuesday that monsoon is unlikely to advance into the remaining parts of east and central India during the...

AGRI-BUSINESS: '125 lakh tonnes oilseeds yet to be crushed'.
June 30, 2010... from BUSINESS LINE, June 30, 2010 New Delhi, June 29 - Even as sowing for the kharif season has begun, there is still about 125 lakh tonnes (lt) of oilseeds from last year's crop lying uncrushed, according to the Solvent Extractors' Association...

AGRI-BUSINESS: Sri Lanka teas costliest at auctions.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Coonoor, June 29 - Sri Lankan teas fetched the world's highest average price of $3.34 a kg at the Colombo auctions in the first four months of the current calendar, posting 26-per cent increase over the...

STATES: Tata DoCoMo launches Gulf calling plan.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Madurai, June 29 - Tata DoCoMo, the GSM brand of Tata Teleservices Ltd, has announced an aggressive prepaid voucher that enables all prepay subscribers to make calls to the UAE, Saudi, Yemen, Bahrain and Kuwait...

STATES: Chamber plea for more paraffin wax supply.
June 30, 2010... from BUSINESS LINE, June 30, 2010 Madurai, June 29 - The Sattur Chamber of Commerce and industry has made a plea for supply of paraffin wax and match wax to the SIDCO depot in Sattur. In a letter addressed to The Tamil Nadu Small Industries...