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We may pull out of Singur if protests continue: Ratan Tata
‘We do not want to be where we are unwanted’. Kolkata, Aug. 22 Mr Ratan Tata, Chairman of the Tata Group of companies, made it clear here on Friday that Tata Motors would not hesitate to pull out of Singur, the location of the Rs 1 ...
Nano suppliers also to pull out if Tatas shift from Singur
Construction apace on plants at suppliers’ park. Kolkata/New Delhi/Chennai, Aug. 22 About 20 of the 56 suppliers for Tata Motors’ Nano, who have been allotted land at Singur, have started construction of their plants at the ...
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Tough choice: Mr R...
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Brokers told to carry out internal audits half-yearly
‘Move to aid transparency and accountability’. Mumbai, Aug. 22 The market regulator, Securities and Exchange Board of India, has asked the stock exchanges to direct their brokers and clearing members to carry out complete internal ...
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BSE bid to whip up derivatives falls flat
‘Spent Rs 65 cr on 2 market makers’. Mumbai, Aug. 22 The Bombay Stock Exchange had spent at least Rs 65 crore last fiscal on two market makers whose brief was to create volumes in derivatives trading on the Exchange. ...
Singur plant project will continue, says Bengal Industry Minister
Kolkata/Chennai, Aug. 22 The impasse will be contained and the project at Singur plant will continue, Mr Nirupam Sen, West Bengal Industry Minister, said on the sidelines of a meeting with various Chambers of Commerce here on Friday. “I ...
Phoenix Mills gets €200 m from German fund
Equity offering in real estate developer, subsidiaries ranges from 10% to 49%. Mumbai, Aug 22 Atul Ruia-promoted real estate developer Phoenix Mills has raised € 200 million (about Rs 1,300 crore) from German real estate fund MPC ...
Govt mulls subsidised pulses distribution
New Delhi, Aug. 22 The Government is toying with the idea of launching a scheme for the supply of four lakh tonnes of subsidised pulses, with a subsidy component of Rs 10,000 a tonne (Rs 10 a kg). ...
Plea against dual tech telephony under single licence dismissed
Decks cleared for RCom’s GSM foray; COAI now looks to tribunal ruling. New Delhi, Aug. 22 In a blow to GSM operators, the Delhi High Court on Friday dismissed their petition challenging the Government’s decision to allow Reliance ...
Govt asks steel cos to cut prices in line with falling global trend
Talks initiated between iron ore, steel cos. New Delhi, Aug. 22 Turning the argument forwarded by the steel industry head on, the Government on Friday asked domestic steel manufacturers to cut prices in line with the falling trend in global ...
Kharif oilseeds area crosses last year’s level
Pulses, coarse cereals, sugarcane coverage lags behind. New Delhi, Aug. 22 Kharif oilseed plantings this year have finally crossed last year’s corresponding levels. According to the Agriculture Ministry’s latest crop weather watch ...
Sharp decline in Indian holdings of US treasuries
Shift to oil bonds, other currencies. Bangalore, Aug. 22 Indian institutions’ holdings of US treasuries dropped $3.3 billion in June this year with the launch of special market operations by the Reserve Bank of India to extend support ...
Markets this week
Severe inflation hang-over, weak global markets cues and steep fall in commodities set a negative direction for the Sensex on Monday. The bears managed to resurface but failed to wrest full control from the bulls. After a seesaw battle, the bears ...
Early signals favour normal N-E monsoon
Thiruvananthapuram, Aug. 22 Medium-term forecasts suggest a spurt in rainfall for the extreme southern peninsula towards the month-end even as advance predictions pointed toward a normal northeast monsoon (or reverse monsoon) from ...
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