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BUSINESS
Short-selling by FIs, MFs allowed from February 1
SEBI to review insider trading stake limit

BUSINESS
Sensex, Nifty scale new peaks
Realty, bank, metal and PSU stocks surge

OVL, Hindujas to tie up


‘Ensure spectrum availability for 3G’
TRAI suggests franchisee route for BSNL, MTNL

Corporation Bank targets Rs. 1 lakh crore business


Sops for grid interactive solar plants
NEW DELHI: Giving a major thrust to non-conventional sources of energy, the Ministry of New and Renewable Energy on Wednesday announced a new scheme for installation of megawatt capacity grid interactive solar power plants. The scheme ...

Industrialist Sadhan Dutt passes away
KOLKATA: Eminent Kolkata-based industrialist Sadhan C. Dutt passed away on Wednesday. He was 86 and is survived by his wife and daughter. He was founder-chairman of engineering consultancy outfit, Development Consultants Pvt. Ltd. and also the ...

RIL, GAIL on hunt for petro hub


Rupee edges down
MUMBAI: The rupee on Wednesday closed marginally down at 39.43/44 against the U.S. dollar in lacklustre activity due to weakness in Asian equity markets. It closed at 39.41/42 on Tuesday. At the interbank foreign exchange market, the ...

Barometer


Briefly
FM to meet PSB chiefs on Friday
MUMBAI: Rising bad loans of public sector banks and their priority sector lending are among the issues expected to be discussed when Finance Minister P Chidambaram meets PSU bank chiefs here on Friday, Indian Bank Association’s Senior ...

Realty meet from Jan. 7
NEW DELHI: The Confederation of Real Estate Developer’s Associations of India on Wednesday said its three-day national realty convention would begin from January 7 here. The convention would provide a platform to bring together ...

Steel majors raise HR coil prices
MUMBAI: Steel majors have hiked hot-rolled coil prices due to cost push and higher international prices. Tata Steel has raised its prices by Rs. 800-900 a tonne, effective immediately, JSW Steel by Rs. 800 a tonne from January 1 and Essar ...

‘Review duty on CRGO steel’
NEW DELHI: In view of excessive power supply losses due to imported defective material used in the manufacture of distribution transformers, the Power Ministry has favoured a review of the custom duty on imports of cold rolled grain oriented ...

TVS Motor’s exports double in December
CHENNAI: TVS Motor Company has achieved an export sales of 14,402 units in December against 7,088 units in the corresponding period in the previous year. During the month, motorcycle sales stood at 51,293 units against 58,756 units. In the ...

Hyundai Motor sales up 9.2 p.c.
CHENNAI: Hyundai Motor India registered a combined sales of 3.27 lakh vehicles in 2007, an increase of 9.2 per cent over 2006. In the domestic market, it clocked a growth of 7.6 per cent at two lakh units. Exports grew by 11.8 per cent to 1.27 ...

Ranbaxy to market cetirizine in U.S.
GURGAON: Ranbaxy Laboratories has received the final approval from the U.S. Food and Drug Administration to manufacture and market cetirizine hydrochloride tablets (OTC) 5 mg and 10 mg. According to a release, this OTC product formulation ...

Avesthagen becomes a limited company
BANGALORE: Life sciences company Avesthagen has become a limited company following an approval from the Registrar of Companies. Avesthagen Limited, which began its business operations in 2001, is focussed on partnering to achieve a broad ...

Bajaj Allianz infuses fresh capital
CHENNAI: The capital base of Bajaj Allianz Life Insurance has grown to Rs. 875 crore with the fresh infusion of Rs. 175 crore. The company has collected over Rs. 11,000 crore of new business premiums in the six years of operation and issued ...

Sonata Software adds new client
CHENNAI: Sonata Software’s German subsidiary, TUI InfoTec, has added a new client LYCOS Europe, one of the continent’s leading providers of Internet portals and online advertising. From February, LYCOS Europe will be using TUI ...

Salem Steel implements CSR initiatives
CHENNAI: Salem Steel has been implementing various schemes under the CSR (corporate social responsibility) initiatives of Steel Authority of India to provide facilities and amenities to peripheral villages in the areas of education, ...

Zicom appoints senior team members
CHENNAI: Zicom Electronic Security Systems has appointed senior members as part of its aggressive plans. Sameer Nagpal has been appointed as Vice-President and Business Unit Head, Zicom’s building solution group and Vinit Durve as ...




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