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Thursday, June 25, 2009
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WEB EXTRAS

VENTURE CAPITAL: Anchor investor
Make no mistake, an anchor investor, who is all set to be unleashed by SEBI into the dormant primary market to rev it up, is not an angel investor. An angel investor is a benevolent person with deep pockets and capacity to play the role of ...

MODERNISATION: Chennai’s public transport system set for upgrade
Road safety tax on new vehicles from August. Chennai, June 24 Chennai’s public transport system is set for an upgrade with the Metropolitan Transport Corporation announcing a Rs 1,300 crore project under the Jawaharlal Nehru National Urban ...

TAXATION: Make LLPs a viable format
Until now, three forms of organisation have predominantly dominated the Indian business scene — companies, partnerships firms and sole proprietorships. The inherent restrictive characteristics of the existing forms created a definite need ...

PACKAGING: Can-Pack’s Aurangabad plant goes on stream
US-based Ball Corp shelves plans. Pune, June 24 A greenfield facility set up at Aurangabad by Polish packaging company Can-Pack to manufacture beverage cans has gone into trial production, even as US-based Ball Corporation has shelved its plan ...

ELECTRICAL GOODS: Bajaj Elec close to completing Delhi project
Mumbai, June 24 The Rs 1,700-crore Bajaj Electricals, which had secured an order to upgrade street lighting on important arterial roads and stadiums in Delhi, is providing finishing touches to the contract. The objective of the exercise is ...

ENGINEERING: Elgi Equip sets up unit in Brazil
Coimbatore, June 24 The Coimbatore-based Elgi Equipments Ltd, which produces industrial and screw air compressors, is setting up a subsidiary at Sao Paolo in Brazil, ahead of establishing a manufacturing facility in the ...

PSU: Colloquium on PSUs and disinvestment
National Confederation of Officers Associations of Central Public Sector Undertakings (NCOA) – Kerala Zone is organising a colloquium on Central Public Sector Undertakings and Disinvestment on Thursday at FACT Udyogamandal ...

COMMODITY MARKETS: Pepper futures recover on buying support
Kochi, June 24 Pepper futures market on Wednesday recovered and closed higher on good ...

ECONOMIC OFFENCES: RBI tells banks to swap information to prevent frauds
Mumbai, June 24 Banks must have more co-ordination in case of ‘multiple banking arrangement’ to prevent frauds. All banks which lend to a borrower under this arrangement should take co-ordinated action based on a commonly ...





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Markets (June 24)
Nifty (at close)4,292.95 (+45.95)
US Dollar (Buy/Sell)48.55/56
Brent crude (a bbl) Rs3,180
Gold (a gram) Rs1,348
Silver (a kg) Rs22,360


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Looking back
Jun. 14-Jun. 20
Developers seek sops for affordable homes

Gold tracks dollar, to range-bound; crude to remain firm

Axis Bank to raise Rs 2,000 cr

Reducing overhead costs in banks

Weak rupee boosts coffee exports' unit value



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