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NEWS UPDATE
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Markets
Sensex ends 19 points up
Hathway IPO to open on Feb 9
PTC Financial raises Rs 100 cr via debentures
Govt not to hike FII investment ceiling in bonds
Forex Rates
Call rates at 3.25-3.3%
Jubilant FoodWorks up 37% over issue price on BSE Updated
Rupee Falls
Corporate
Gulf Oil to disinvest stake in IDL Speciality Chemicals
Areva bags two contracts worth Rs 280 cr
Ultratech Cement shareholders to meet on March 19
L&T Finance to raise Rs 500 cr
Tata Sky launches 7 new channels
Sadbhav Engineering bags Rs 136.83 cr order
Decolight Ceramics bags order worth Rs 3.8 cr
No applicant yet for ‘Maharatna’ status
Tata Chem aims at 1-m ‘Swach’ sales in next 1 year
Bombay Dyeing board to consider warrants issue
Madhucon bags three Uttarakhand power projects
Nagarjuna Const bags Rs 583 worth contracts
BHEL bags Rs 1,000-cr Bhutanese contract
Maruti eyes 100% export growth in FY’10
Lupin gets USFDA nod to market BP capsules
Kumar Urban to raise $800 m via private placement
Madhucon Projects bags 3 hydro power projects
Corporate Filings
Macro Economy
Montek pitches for withdrawal of stimulus in budget
Food price rise will be controlled soon: Pranab
Agri output likely to decline 0.2% in ’09-10: CSO
GDP growth pegged at 7.2% for fiscal 2010
Industry
Apr-Jan steel consumption up 7.9%
Agri-Business
Marginal fall in Dec tea production; Exports up 37%
Commodities
Cashew down on sluggish demand
Pepper, turmeric weaken
Soyabean futures up
Cardamom futures weak on profit booking
Turmeric futures extend loss on rising arrivals
Crude palm oil futures up on demand hopes
Mentha oil futures dip on profit-taking
Moong dal, wheat prices up in Chennai
Aluminium futures up on short-covering
Jeera futures recover on short-covering
Pepper futures down on higher arrivals
Nickel futures fall on weak overseas trend
Copper futures marginally up on strong global cues
Zinc futures up
Lead softens
Oil prices up at about $72/barrel
Logistics
DHL opens operations simulation centre in Mumbai
Turkish Airlines signs lease pact with Jet
Global News / Markets
Former Merrill chief to steer CIT Group as CEO
Dubai World gets state aid of $6 bn
Toyota to file recall over Prius brakes in US, Japan
Citigroup seeks to sell $3-b car loans: Report
Asian markets mixed
General
Handique seeks continuation of 50% duty waiver for refineries
Average income to rise to Rs 43,749 this fiscal
India aims to double trade with Arab region by 2014
More number of business incubators to be set up: Chavan
Canada pressing for investment protection pact
M&As more than double in India in Jan
Justice C K Prasad sworn in as SC Judge
GSLV Mk III liquid stage to be tested this month
‘Need for precise information on climate change’
‘India can play vital role in OECD task force on tax’
‘Malicious campaign’ will strengthen my resolve: Chatwal
‘In-film-branding’ emerges new film revenue model
UN environment chief defends IPCC report
CPI leader passes away
Australia tightens immigration rules
Info-Tech
Mastersoft, Melstar join hands for quality customer info
Jivox introduces interactive applications in video ads
Firstobject Tech to set up facility at Visakhapatanam SEZ
TRAI begins talks on 4G spectrum auction
SAP CEO Apotheker steps down
Banking & Finance
Religare ties up with Bank of Maharashtra
CRR hike to have minimal impact on bank earnings: Moody’s
Variety
Cheers! Beer ‘good for bones’: Study
Marketing
Raymond aims 40% rise in retail biz revenue in 2 years
Piyush Mathur MD for Nielson South Asia biz
Govt/States
CCI cotton depots opened in TN
WB announces reservation for Muslims in jobs
UP hikes salary, allowance of legislators, ministers
Clear groundnut stock for better prices: TNAU
Top
Business Line
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