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Oil Ministry moots 10% bank guarantee for pipeline projects
THE Petroleum Ministry is planning to seek a bank guarantee from corporates interested in setting up product pipelines across the country. This comes in the wake of several leading petroleum companies proposing to set up pipelines parallel and ...
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World Bank to step up aid next fiscal
THE World Bank on Friday indicated higher assistance to India next fiscal from close to $2 billion this fiscal based on optimism that the country would be able to sustain the GDP growth rate of eight per cent. ``We are optimistic that the ...
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Stocks rise on steady buying
FRIDAY the 13th was a good day for the bulls of the Indian stock market. After a fortnight of swinging sentiment, the stock markets appeared to take a definite direction with the BSE Sensex steadily moving up 1.26 per cent and the NSE benchmark ...
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Giordano looks to outsource from India
OUTSOURCING is clearly catching up within the retail industry. After Wal-Mart and JC Penney, now the Saudi Arabia-based apparel retailing major Giordano Fashions LLC too is scouting opportunities to outsource from India. Mr Ishwar Chugani, ...
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Tata Tea mulling options to enter Chinese market
TATA Tea Ltd along with Tetley has decided to enter the Chinese tea market and is currently studying all the available options. According to industry sources, the company officials have been visiting China for quite some time now. After ...
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Visa violations charge against Indian IT firms — US citizens' earnings unharmed
INDIAN IT firms, including Infosys, TCS and Wipro, have been accused by certain `labour organisations' in the US of violating US L-1 visa conditions, and depriving US citizens of jobs. If that were indeed the case, one would have expected to ...
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ACC to seek shareholders' nod to raise $100 m
THE Associated Cement Companies is planning to raise funds not exceeding $100 million (about Rs 455 crore) and will seek shareholders approval for this at its EGM scheduled for March 1. According to the resolution in the company's notice to its ...
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Want water now? Condense it from thin air
THERE is a gentleman in town selling a machine that produces water out of thin air. No. He is not P.C. Sorcar. His business card says he is Joseph Lee Kong Chian, Managing Director, Excel Water Technology (Asia) Pte Ltd. And, there is no magic ...
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