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NEW PROJECTS: Locals feel let down by Nano pullout
A day after Mr Ratan Tata announced that he was pulling the Nano project out of West Bengal, Singur continued to be engulfed in ...

OUTLOOK: IOC-OIL arm to scout for oil assets in CIS, African countries
Deloitte to work out tax benefits in target countries. New Delhi, Oct. 4 Ind-Oil Overseas Ltd, the Mauritius-based special entity jointly floated by Indian Oil Corporation (IOC) and Oil India Ltd (OIL) for acquiring oil and gas acreages ...

NEW PROJECTS: States vie for Nano project
Karnataka-Tata talks in Dharwad today. Bangalore/Dharwad, Oct. 4 The Karnataka Government has moved into top gear on the Nano car project and quickly organised a high-level meeting with the Tata Motors Managing Director, Mr Ravi Kant, at Dharwad ...

OUTLOOK: NTPC eyes inland waterway to transport imported coal
Ties up with IWAI; move aimed at cutting costs. New Delhi, Oct. 4 State-owned NTPC Ltd is looking to exploit the use of inland waterways to transport imported coal from sea ports to its power stations in an effort to clamp down on transportation ...

INSIGHT: Takeover code gets complex in differential voting rights milieu
The SEBI Takeover Regulations at the very rudimentary level is all about giving the public shareholders an opportunity to get the same attractive price which a shareholder — usually a promoter —gets on a negotiated ...

ANNOUNCEMENTS: ITC sets up wind energy project in TN
The success of the Chennai-based wind energy project Wimco has prompted ITC Ltd to foray into the use of wind energy in its packaging and printing business, according to Mr R. Srinivasan, Member, Corporate Management Committee, ...

ALLIANCES & JOINT VENTURES: Cleartrip ties up with IRCTC
Online travel portal Cleartrip has partnered with IRCTC to enable customers book train tickets on its Web site. The Mumbai-headquartered company has added maps for stations, train routes and connecting journeys, according to a press note issued ...

NEW PROJECTS: GAIL gets board nod for doubling Pata capacity
Central India gas pipeline proposal approved. New Delhi, Oct. 4 GAIL (India) Ltd, which is looking to double capacity of its Pata petrochemical complex in Uttar Pradesh to 800,000 tonnes a year , has received the nod of its board ...

OUTLOOK: Essar Construction to take up pipeline projects on EPC basis
Company’s saw pipe mill at Hazira nears completion. Mumbai Oct. 4 Essar Construction (India) Ltd (ECIL), part of the Essar Group, which is primarily into in laying cross-country oil, gas and water pipelines, is getting ready to take up ...

OUTLOOK: Volvo Cars to open 12 dealerships in India soon
Kochi, Oct. 4 Volvo Car India, a division of Ford Motor Company, has drawn up a major marketing plan for the Indian region by deciding to open 12 dealerships across the country by next ...

NEW PROJECTS: Transdot plants for sewage treatment
Transdot Pvt Ltd, engaged in the manufacture of environmental pollution control systems, is set to launch new generation sewage ...

OVERSEAS BORROWINGS: Companies raise $1.5 b thru ECBs
...






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Markets (Oct 03)
Nifty (at close)3824.55 (-126.20)
US Dollar (Buy/Sell)47.14/15
Brent crude (a bbl) Rs4,413
Gold (a gram) Rs1,187
Silver (a kg) Rs19,025

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