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Thursday, August 27, 2009
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WEB EXTRAS

ECONOMY: IT players eye big bucks from Govt projects
Move to help industry beat slowdown in US and Europe, say experts. After a slugfest for business in the US and Europe, Indian IT vendors are now rolling up their sleeves for the next skirmish — in the domestic ...

ACCOUNTANCY: The information security road to biz process maturity
If your recall of 27001 is an old telephone number or a truncated postal code, you perhaps don’t belong to the information security field. For, the number 27001 jumps off from the site ...

BEVERAGES: Galla forays into fruit drinks
Two products launched in South, to expand later. Chennai, Aug 26 Galla Foods Ltd, part of the Rs 2,000-crore Amara Raja group, has entered the Rs 1,500-crore fruit drink market by launching Galla Fruit Drink in two flavours – Classical ...

TWO/THREE WHEELERS: TVS bikes to roll out of Mahabharat factory
Three-wheelers from the unit planned later. Hosur, Aug. 26 TVS Motor Company Ltd would roll out in two months two-wheelers from the Uluberia factory of Mahabharat Motors in West Bengal and the vehicles would be manufactured on contract basis, ...

POWER: More people turn to the sun for energy needs
Waste-energy recycling also gaining ground. Washington, Aug. 26 For a world grappling with concerns over climate change and rising carbon footprint, the sun is increasingly providing some solace and clean ...

INSIGHT: A matter of trust
Frank Crane once quoted: “You may be deceived if you trust too much, but you will live in torment if you do not trust enough.” This quote could be used by regulators and entities who use the services of the auditing profession. Over ...

VENTURE CAPITAL: Intel Capital plans consortium to roll out WiMax in India
New Delhi, Aug. 26 Intel Capital, the venture capital arm of Santa Clara-based chipmaker, wants to set up a consortium, as in the US, to roll out WiMax-based broadband services in India. This is part of the company’s multi-pronged ...

BROADBAND: GoM meet on 3G to study concerns of Dept of Space, industry
GSM players against Rs 1,010-cr base price for WiMax. New Delhi, Aug. 26 The Group of Ministers, set up to finalise the policy for auctioning 3G and broadband wireless spectrum, is expected to take a view on the concerns raised by the Department ...

PERFORMANCE: Aegon Religare plans to hike capital
Bangalore, Aug. 26 Private insurer Aegon Religare Life Insurance plans to infuse Rs 125 crore by the end of this fiscal, taking its total infused capital to Rs 520 ...

OUTLOOK: Integreon to raise $80-100 m via PE
Mumbai, Aug. 26 Knowledge process outsourcing (KPO) company Integreon plans to raise around $80-100 million from private equity investors to fund its inorganic ...

COMMODITY MARKETS: Sharp fall in pepper futures
The pepper futures market on Wednesday also witnessed high volatility and closed lower on Tuesday on ...

TWO/THREE WHEELERS: TVS sees 10-15% drop in rural business
Exports, which contributed 15 per cent of its total revenue, had also taken a hit this year due to shrinking of global demand, he said, pointing out that exports had so far declined by 10 per cent against 40 per cent growth last ...

HEALTH: Cipla urges Govt to allow retail sale of anti-flu drugs
Mumbai, Aug 26 “We are adults and should be treated as adults,” says Cipla Chairman and Managing Director, Dr Y. K. Hamied, responding to queries on the Centre’s decision to not allow retail sales of anti-flu drugs ...

ENTERTAINMENT & LEISURE: Nasscom lowers forecast for animation industry
Mumbai, Aug. 26 The apex body of IT software and services, Nasscom, has lowered its 2012 forecast for the animation industry by 27.7 per cent and gaming industry by 16.3 ...





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Markets (Aug 26)
Nifty (at close)4,680.85(+21.50)
US Dollar (Buy/Sell)48.90/91
Brent crude (a bbl) Rs3,449
Gold (a gram) Rs1,400
Silver (a kg) Rs24,610


In Focus
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GoM meet on 3G to study concerns of Dept of Space, industry


Tractor makers confident of growth despite drought

PSU insurers sign pact with Ministry on targets

The downside to curbing ‘speculative demand’

‘India share in global trade to go up to 3%’

Cipla urges Govt to allow retail sale of anti-flu drugs

More people turn to the sun for energy needs

Nasscom lowers forecast for animation industry

Looking back
Aug. 16-Aug. 22
L&T Finance to raise up to Rs 1,000 cr thru NCD

Higher yields boost demand for ultra-short-term funds

Glenmark’s first out-licensed molecule shelved



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