The Hindu Business Line : Monday, November 03, 2008

CORPORATE

COURTS/LEGAL ISSUES: Showpiece NTPC project delayed
Russian supplier goes for adjudication. New Delhi, Nov. 2 The slugfest between power major NTPC Ltd and Russian equipment supplier Technopromexport is set to push back the commissioning of the 1,980 MW Barh-I, touted as the country’s ...

NEW PROJECTS: Iran approves ONGC Videsh gas commerciality report of Farsi block
Indian cos can now start developing the gas field. New Delhi, Nov. 2 The gas commerciality report of ONGC Videsh Ltd (OVL) and its consortium partners on the discovery made in Iran’s Farsi offshore block has got the nod of the National ...

HUMAN RESOURCES: VRS payments and tax issues
According to recent report of International Labour Organisation (ILO) around 20 million jobs would disappear by the end of 2009. Mumbai based Piramal Health Care in the second quarter ended September 2008 is reported to have made payment of Rs ...

NEW PROJECTS: Paswan hints at extending more duty relief for steel industry
Lays stone for Jindal Bengal Steel; Buddhadeb calls for national iron ore policy. Salboni (West Bengal), Nov. 2 The Union Government is mulling further rationalisation of duty, covering both counterveiling and import duty, as a means to provide ...

OUTLOOK: ONGC hits dry well in first phase of Cauvery deepwater campaign
Plans to drill two more wells this year. New Delhi, Nov. 2 ONGC has not made a very positive beginning in its Cauvery deepwater block as it has hit a dry well in its first attempt. However, undeterred, it plans to drill two more wells in the ...

OUTLOOK: Care Hospitals in talks with Italian healthcare centre
Obtaining technique for quicker reach-out time. Hyderabad, Nov. 2 Care Hospitals, the city-based hospital group that specialises in cardiology, is in talks with a healthcare institute in Milan (Italy) to adopt its technique that ensures quicker ...

ANNOUNCEMENTS: JSW Steel cuts HR coil prices
Mumbai, Nov. 2 JSW Steel has announced a price cut of Rs 5,500 a tonne in HR coils. This reduction along with an 8-12 per cent reduction in October totals to an overall reduction of 25-30 per cent compared to peak prices in the domestic ...

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Markets (Oct 31)

Nifty (at close)	2885.60(+188.55)
US Dollar (Buy/Sell)	49.49/50
Brent crude (a bbl) Rs	3,041
Gold (a gram) Rs	1,099
Silver (a kg) Rs	16,420

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