Grasim gets bullish on cement — L&T hands over UltraTech management
NOT content with acquiring majority stake in UltraTech CemCo from Larsen & Toubro at a total cost of Rs 2,200 crore, Grasim Industries appears to still have reserves of appetite for cement. "We are looking at more aggressive investments in the . More

Anticipating tonnage tax in Budget — Ministry unveils norms for chartering LNG tankers
ANTICIPATING the introduction of a new tonnage-based tax for the shipping industry in the Budget, the Shipping Ministry has stipulated that LNG promoters must compulsorily haul their LNG cargoes into India only on Indian flagged LNG carriers. ... More

Sensex up 85 points
THE unexpectedly tame Railway Budget presented by Railway Minister, Mr Laloo Prasad Yadav, appears to have reassured investors that the new Government would hold a reformist course for the economy even though the coalition's Leftist supporters ... More

Air Deccan to offer in-flight TV
THE domestic air travellers will soon not only be able to travel between metro cities at cheaper rates but also catch all the latest news on television while in the air. The country's only low-cost airline, Air Deccan plans to have plasma drop ... More

PM's help sought to check slide in petro cargo
THE Railways has sought the Prime Minister, Dr Manmohan Singh's intervention to cushion the impact on its revenues from the fast increasing network of petroleum pipelines. The Railways wants that the Government should keep them in the loop ... More