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Thursday, May 21, 2009
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WEB EXTRAS

TELECOMMUNICATIONS: HCL Tech bags order from MTV Networks
To develop tech for online viewing. New Delhi, May 20 HCL Technologies has bagged an outsourcing services contract from MTV Networks (MTVN) in the US, for online media platform ...

TEXTILES: Coimbatore textile mills battle the odds
‘Recession a wake-up call to review financial strength’. Coimbatore, May 20 The textile industry in Coimbatore, the backbone of the economy in the region, is at a crossroad. It’s been hit by a series of negative developments ...

ACCOUNTANCY: Valuation for convenience or fairness?
Fair valuation has been the centre of accounting debates for years as scepticism reigned over the subjectivity surrounding the manner in which ‘true and fair’ is determined. As valuation norms evolved and true and fair valuation ...

OUTLOOK: Foreign varsities ink partnerships in a big way in Tier-II, III cities
Driven by massive business opportunities in the education sector, global universities are inking strategic partnerships with local educational institutions, and in the bargain, gaining not just students but also upping their brand equity in ...

INFRASTRUCTURE: A big market opens up in the Indian ocean
Chennai, May 20 As the guns fall silent in Sri Lanka, a different kind of noise begins to strike the ear – the bustle of economic activity. As the peace dove descends on the beautiful island nation, a bouquet of opportunities ...

OUTLOOK: Tobacco Board Chairman cautions farmers on surplus
Rajahmundry, May 20 It is very gladdening that tobacco farmers in Andhra Pradesh are getting record prices this season on auction floors, but they should also exercise caution and should not grow surplus crop, according to Mr J. Suresh Babu, ...

EXPORTS & IMPORTS: Global coir fair to boost exports
To provide better visibility to products in global market. The India International Coir Fair-2009, which is coinciding with the golden jubilee celebrations of the Central Coir Research Institute, is expected to give further fillip to coir ...

OILSEEDS & EDIBLE OIL: K S Oils to get Rs 450-cr funding
Chennai, May 20 K S Oils, a listed integrated edible oil firm based in Morena in Madhya Pradesh, will receive Rs 450 crore of fresh private equity, global depositary receipts and promoter funding for development, expansion and acquisition ...





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Markets (May 20)
Nifty (at close)4,270.30(-48.15)
US Dollar (Buy/Sell)47.47/48
Brent crude (a bbl) Rs2,854
Gold (a gram) Rs1,333
Silver (a kg) Rs23,245


In Focus
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A big market opens up in the Indian ocean


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PNB to sell 26% stake in housing finance arm to Dawnay Day

Looking back
May. 10-May. 16
Holcim sees tough year ahead

DoT to revoke ByCell’s licences

DoT panel moots spectrum transfer fee for M&A

RBI issues draft guidelines on STRIPS trading

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