Mumbai, September 02: A key index of the Indian equities markets opened weak today and was trying to crawl up into the green within about ten minutes of start of trade.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,482.05 points, was trying to move up into the green. It was ruling at 15,529.12 points, 22.07 points or 0.14 percent lower than its previous close, about 10 minutes into trade.
New Delhi, September 01: Union Minister for Commerce and Industry Anand Sharma today held consultations here with leaders of Bhartiya Kisan Union (BKU) who are demanding that agriculture be kept out of the ambit of WTO talks.
Sharma told the BKU office-bearers, comprising its President Mahender Singh Tikait and others, that he would apprise Prime Minister Manmohan Singh about their apprehensions and promised the leaders a meeting with the PM soon.
The Commerce Minister also assured the farmers that their interests will be protected.
Kolkata, September 01: Auto major Tata Motors, which pulled out its small car Nano project from Singur in West Bengal last October amid controversies, Tuesday said it would return the factory land to the state government if it was paid the money it had spent to set up the now-abandoned plant.
At the same time, it emphasised it would not stand in the way of any development on the land, the acquisition of which sparked off violent protests by a section of local farmers led by the main opposition party of the state, the Trinamool Congress.
Mumbai, September 01: Hindustan Construction Co (HCC) has bagged an order worth Rs.276.44 crore from the North Eastern Electric Power Co for constructing the Pare Hydel Power project in Arunachal Pradesh, it said in a regulatory statement.
HCC would be responsible for construction of a concrete gravity dam, spillway, coffer dam, diversion tunnel among a host of other construction related works. The company has to complete the project in 36 months.
—Agencies
Ahmedabad, September 01: Telecom major Tata Indicom today launched the unique ‘Pay Per Call’ plan that introduces fixed per call charges facility both for local and STD usage, regardless of the call duration.
“Our pre-paid subscribers will have to pay a fixed charge on per call basis after the national launch of this facility.
The local call charges will be Rs 1 and Rs 3 for STD, which is regardless of call duration,” Gujarat Circle, Chief Operating Officer Tata Indicom, Naveen Bhasin said.
Kolkata, September 01: The Calcutta Stock Exchange today lost further ground with the benchmark index CSE-40 down 49.27 points.
It was down 18.13 points in the previous session.
The local bourse opened at 6846.89 then lost ground and ended the day at 6797.62.
The trading volume was at Rs 6.41 crore from trading of 22 scrips.
Blueprint Securities was at Rs 303.75 and Bolton Properties was at Rs 390.60. Larsen and Toubro at Rs 1559.90.
Reliance Industries was at Rs 2023 and State Bank of India was down to Rs 1735.40. Satyam Computers was at Rs 126.90 to end the day.
New Delhi, September 01: As many as ten bridges would come up at several level crossings in the national capital by April next year in order to ensure smooth traffic during the Commonwealth Games.
The structures are part of a Northern Railways’ plan to construct bridges at level crossings in the metropolis ahead of the sporting event.
The zone has taken up construction of as many as 26 bridges comprising both Road Over Bridges (ROB) and Road Under Bridges (RUB) and “as many as 10 of them would be completed by April next year”, according to a source in the Northern Railways.
Mumbai, September 01: Realty company Ansal Properties and Infrastructure Tuesday said that it would raise Rs.203 crore through issue of shares and warrants on preferential basis.
The company will raise funds by issuing up to 1.65 crore warrants to promoters and promoter-groups, as well as 1.26 crore equity shares of Rs.5 each on preferential basis to IPRO Funds of Mauritius, the company said in a regulatory statement.
—Agencies
Chennai, September 01: A public welfare association today sought a direction from Madras High Court to Railways and BSNL to continue providing facilities like telegraph office, fax, STD/ISD booths and recharge, top up and booster cards at Central Railway station,which was stopped after a dispute over rent payable by BSNL to Railways for space provided there.
BSNL had announced closure of the facilities from August 31 after the rent for the 650 square feet area was hiked from a nominal Rs 500 per month to Rs 33,000, All India Rail and Bus Passengers Wefare Association said in its petition.
New Delhi, September 01: Although some parts of the capital today witnessed rains, heat and humidity bothered Delhiites with the mercury remaining at 35 degree Celsius.
Several parts of the city received showers from morning today bringing some cheer to the people.
The rain gauges measured 8 mm till 5:30 pm in the city, the MeT Office said.
However, the showers failed to bring down the temperature recorded at 35.3 degree Celsius, up from yesterday’s 35 degrees.
Mumbai, September 01: Hyderabad-based construction company Nagarjuna Construction on Tuesday said it has bagged infrastructure related projects worth Rs.481 crore.
The company has bagged an order worth Rs.449 crore from the Bihar government for a canal project and an order worth Rs.32 crore from tyre maker MRF for construction of a tyre plant, it said in a regulatory statement.
—Agencies
Kolkata, September 01: Though it has one of the strongest fields ever seen in a chess tournament in Asia, the organisers of the fourth Kolkata Open Grandmasters tournament here are faced with an acute financial crisis for want of sponsors.
As the tournament which features two Super Grandmasters with 2700 plus elo rating – top seed Shakhriyar Mamedyarov (2721) of Azerbaijan and Englishman Nigel Short (2706) – besides 35 Grandmasters, got underway Tuesday, the organisers were running from pillar to post to meet the monetary shortfall.
Chennai, September 01: The Latin American region, unaffected by the global meltdown, offers good business opportunities for Indian companies in sectors such as information technology (IT), pharmaceutical, renewable energy, agri-business and manufacturing, said a senior Indian diplomat here Tuesday.
“Indian companies should formulate long-term strategies to tap the available potential. India’s bilateral trade with Latin America has gone up eight times to $16 billion since 2001,” said R. Viswanathan, India’s ambassador to Argentina, Uruguay and Paraguay.
Kolkata, September 01: Mahindra United prevailed over George Telegraph 2-0 while Tata Football Academy (TFA) finished 1-1 with United Sporting Club in their opening 114th IFA Shield group matches Tuesday.
Mohammed Rafi scored both the goals for the jeepmen in the group C tie at the Khardah stadium near here.
After a fruitless first half, Rafi found the mark in the 70th and 82nd minutes to ensure full points for the Mumbai side.
City outfit George Telegraph were reduced to 10 men for the last half hour after player Hira Roy was red-carded for an improper charge on Muritala.
Geneva, September 01: Over 50 global carriers lost $6 billion (Rs.30,000 crore) in January-June this year, according to the sector’s representative body International Air Transport Association.
In a statement Tuesday, IATA also said the losses stood at $2.02 billion (Rs.10,000 crore) in the second quarter this year (April-June) and forecast cumulative losses of $9 billion (Rs.45,000) for the year.
New Delhi, September 01: Abhishek Jha took pole position along with S.K. Lakra after the first round of the LG Northern India Amateur Championship at the Delhi Golf Club here Tuesday.
Bangalore’s Jha, going for his second straight win on the LG Amateur Tour, and Lakra were the only two players to card sub-par rounds Tuesday.
Chandigarh, September 01: The non-linking of the minimum support price (MSP) for wheat and paddy with the wholesale price index (WPI) has led to a cumulative notional loss of nearly Rs.62,000 crore for farmers in Punjab over the past four decades, a report to the state government says.
The report of the committee on MSP and price index, set up by the Punjab government, was submitted to Chief Minister Parkash Singh Badal Tuesday.
New Delhi, September 01: Maruti Suzuki India Limited is the king of the Indian car market as the company has sold out about 84,805 Vehicles which includes a highest monthly export of about 14,845 Vehicles till the end of august 09.
Mumbai, September 01: IT company, Rolta India specialising in Enterprise Geospatial Information Solutions (EGIS), defence and homeland security, today launched solutions for Earth Science applications.
The company also has expertise in Enterprise Design and Operation Solutions (EDOS) and Enterprise Information Technology Solutions (EITS).
Shillong, September 01: The Khasi Students Union (KSU), spearheading the movement against the proposed uranium mining, today submitted memorandum to Chief Minister DD Lapang demanding the government to revoke its decision to lease land to the UCIL.
New Delhi, September 01: CBI today filed a chargesheet in a court here against 17 persons accusing them of fraudulently withdrawing Rs 14.55 crore from various banks in Uttar Pradesh (UP) by en-cashing 15 forged cheques of North Eastern Railways.
Additional Sessions Judge O P Saini took the chargehseet into the records and fixed the matter on September seven for taking its congnizance.
Mumbai, September 01: Public-sector lender, Union Bank of India (UBI) today cut interest rates on foregin currency non-resident (bank) account deposits and non resident external rupee term deposits with immediate effect.
With this, US Dollar deposits having a maturity of 1-2 years will now attract an interest rate of 2.33 per cent (2.50 per cent), a press release said.
Deposits in 2-3 years and 3-4 years maturity bucket will now attract 2.35 per cent (2.56 per cent) and 2.99 per cent (3.17 per cent) respectively, the release said.
Mumbai, September 01: IDBI Fortis Life today said it has tied-up with Regional Rural Development Centre (RRDC) to offer insurance protection of its product-Termsurance Grameen Suraksha, to the rural consumers of Orissa.
IDBI Fortis Termsurance Grameen Suraksha offers rural customers the options of four convenient premium slabs of Rs 50, Rs 100, Rs 150 and Rs 200 with corresponding sums assured of Rs 5,000, Rs 10,000, Rs 15,000 and Rs 20,000.
Bangalore, September 01: Wipro Technologies, global IT services business of Wipro Ltd, would offer ‘w-SaaS’, a platform, it said, for rapid Software-as-a-Service (SaaS) enablement of business applications using Oracle Grid Computing and Oracle application grid middleware for Independent Software vendors (ISVs).
Chennai, September 01: Indian Bank has revised interest rates on Foreign Currency Non-residence Deposits FCNR (B) and NRE deposit with effect from today.
For FCNR (B) deposits, in US Dollar the revised interest rates has been fixed at 2.33 per cent for deposits of one year and above but less than two years (2.50 per cent existing) and at 2.35 per cent for deposits of two years and above but less than three years (2.56 per cent existing).