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NEW PROJECTS: Reliance Petro’s export refinery goes on stream
29-mt plant can process most crudes. Mumbai, Dec. 25 Reliance Petroleum (RPL) on Thursday kicked off crude processing at its new 29 million-tonne (580,000 barrels per day) refinery in Jamnagar, Gujarat. This export-oriented $ 6-billion project ...

SOCIETY & DEVELOPMENT: Tax benefits for ‘charitable’ trade bodies under scanner
New Delhi, Dec. 25 Trade and industry associations enjoying income tax exemptions on the ground that their activities are meant for “charitable purposes” run the risk of losing such tax ...

MERGERS & ACQUISITIONS: ‘Slowdown throws up opportunities for investment’
Mumbai, Dec. 25 Corporates may be telling employees to take a holiday, work with a non-government organisation or just work less days in a week, to cope with the economic ...

OVERSEAS INVESTMENTS: Rules eased for entry of foreign cos into India
Legalisation of foreign public documents simplified. New Delhi, Dec. 25 Multinational and foreign companies will now find it less cumbersome to establish a place of business in India, as the Government has done away with some red ...

NEW PROJECTS: CRI Pumps setting up steel foundry, valves unit
Hosur, Dec. 25 The Coimbatore-based CRI Pumps Private Ltd will soon manufacture and market steel valves. The company is setting up a 500-tonne dedicated steel foundry and valves manufacturing ...

MERGERS & ACQUISITIONS: United Spirits to start clearing debt on Whyte & Mackay buy
Bangalore, Dec. 25 United Spirits will begin the debt repayment on the acquisition of Whyte & Mackay from next year, when the first tranche of Rs 160 crore will become due ...

NEW PROJECTS: Advantage Organic's new facility
...

SICK UNITS: FAPI concern over slow pace of revival of sick industries
Hyderabad, Dec. 25 The Federation of Andhra Pradesh Industries (FAPI) has said that despite the State Government forming a committee — The Andhra Pradesh Small Scale Industrial Rehabilitation Board — it has not met so far to ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Dec 24)
Nifty (at close)2916.85(-51.80)
US Dollar (Buy/Sell)48.20/25
Brent crude (a bbl) Rs1,845
Gold (a gram) Rs1,210
Silver (a kg) Rs17,780

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