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NEW PROJECTS: Stalemate continues in Singur
Kolkata, Aug. 30 The impasse over the Tata Motors’ small car project site in Singur continued on Saturday with no construction work taking place for the second day in succession. ...

PEOPLE: K.K. Birla passes away
Mr Krishna Kumar Birla, noted industrialist and a former Rajya Sabha member, died here on Saturday. He was 90. ...

PRIVATE PLACEMENT: SpiceJet to seek shareholders’ nod on warrants issue
Looking to reset FCCB conversion price to Rs 25 a share. New Delhi, Aug. 30 The Delhi-based low cost airline SpiceJet will seek shareholders’ nod next month for the financing arrangement recently concluded with investors such as W.L. ...

PEOPLE: ‘KK Babu’ a doyen who left his own stamp
Kolkata, Aug. 30 Mr Krishna Kumar Birla, who died in Kolkata on Saturday at the age of 90, joined the family business when he was barely 20. ...

OVERSEAS INVESTMENTS: ONGC may rope in Rosneft as local partner in Imperial Energy
Kolkata, Aug. 30 ONGC may rope in Rosneft Oil Company of Russia as its local partner in Imperial Energy Corporation Plc in case of a successful acquisition of the UK-based company having substantial oil equity in Russia’s Siberia region, ...

OUTLOOK: Audi weighing options for luxury small car launch in India
‘Market dynamics in India, China changing fast’. Mumbai, Aug. 30 German luxury car maker Audi is weighing options for the introduction of its best selling small car A3 and upcoming A1 in India. ...

ALLIANCES & JOINT VENTURES: FACT signs pact with IL&FS
Public sector FACT has signed an agreement with IL&FS for preparing the master plan for setting up of various industrial and commercial development projects on the land owned by the company at Udyogamandal and Ambalamedu. According to the ...

OUTLOOK: Trigger Apparels plans to go global
Focussing on domestic market. Coimbatore, Aug 30 Trigger Apparels, the wholly owned subsidiary of KG Denim Ltd, is likely to hit the international market in one or two years. “We got the registered trade mark last year. We can now enter ...

OUTLOOK: ONGC firms up plans for North Tapti offshore field
Kolkata, Aug. 30 ONGC has firmed up plans for North Tapti offshore marginal gas field in the Gujarat coast. The Rs 580-crore project is expected to produce 1.8 million standard cubic metre of gas a day (mscmd) beginning first half of 2011. ...

DIVERSIFICATION: Dishman Pharma to invest Rs 500 cr in SEZs
Ahmedabad, Aug. 30 Bulk drugs and contract manufacturing major Dishman Pharmaceuticals and Chemicals Ltd (DPCL) will invest Rs 500 crore in the next two years on developing two Special Economic Zones (SEZs) near here for pharmaceutical and ...

ALLIANCES & JOINT VENTURES: Marico teams up with Coconut Board
Kochi, Aug. 30 In order to strengthen its relationships with coconut farmers of the country, Marico Ltd has entered into a public-private sector initiative with the Coconut Development Board. This association and development of cluster ...

REGULATORY BODIES & RULINGS: FDA nod for Dr Reddy's BP drug


ACCOUNTANCY: Take note of ‘depreciation’
It is common knowledge that depreciation is a measure of accounting for the wear and tear of an asset arising from use, obsolescence or passage of time. It is important to keep track of the depreciation figures reported by a company as a steep ...






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Markets (Aug 30)
Nifty (at close)4360.00(+146.00)
US Dollar (Buy/Sell)43.75/76
Brent crude (a bbl) Rs4,904
Gold (a gram) Rs1,110
Silver (a kg) Rs20,715

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In Focus
Remembering Ramachander

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Other Top Stories
Exporters disappointed over duty drawback reduction

Audi weighing options for luxury small car launch in India

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Dishman Pharma to invest Rs 500 cr in SEZs

Spices exports gain in value, volume

Looking back
Aug. 24-Aug. 30
ONGC notifies 4 new discoveries; Rs 450-cr investment okayed

Nano will roll out from Singur in Oct: Buddhadeb

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