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Mittal elected chairman of World Steel Association IANS - Mon, Oct 6
Washington, Oct 6 (IANS) London-based Indian-born billionaire Lakshmi Niwas Mittal was Monday elected chairman of the World Steel Association ('worldsteel'), representing about 180 steel producers from across the globe.
Israel seeks new image, hires public relations firm IANS - Mon, Oct 6
Tel Aviv, Oct 6 (DPA) Israel has hired a British public relations firm to re-market it to the world, and the company is in the final stages of preparing to launch the new image, the Israeli Ha'aretz daily reported Monday.
Jayant Bhuyan, chief executive of India Brand Equity Foundation, dead IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) Jayant Bhuyan, the chief executive of the India Brand Equity Foundation (IBEF), died here Monday. He was 58 and is survived by his wife Ramola.
Punjab paddy procurement crosses 1.57 mn tonnes IANS - Mon, Oct 6
Chandigarh, Oct 6 (IANS) In the first five days of procurement of paddy in Punjab, the government agencies have procured more than 1.57 million tonnes till Sunday, a government spokesman said.
Indian American likely to oversee $700-bn bailout package IANS - Mon, Oct 6
New York, Oct 6 (IANS) Neel Kashkari, an Indian American, is expected to oversee the $700-billion bailout package of the US Treasury Department approved by Congress.
Provogue India sells stake in realty unit IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) Leading apparel retailer Provogue (India) Ltd Monday said the UK-based LTG International Ltd will invest Rs.569.7 million ($12.7 million) to pick up 3.36 percent stake in a unit of its real estate arm Prozone Enterprises Pvt Ltd.
Wachovia may be split between Citigroup and Wells Fargo IANS - Mon, Oct 6
New York, Oct 6 (IANS) The two warring suitors of Wachovia banking chain in the US - Citigroup and Wells Fargo - are being pressured by the federal government to reach a compromise, which may end up carving up the North Carolina-based bank, the Wall Street Journal (WSJ) newspaper has reported.
Reserve Bank reduces cash reserve ratio to 8.5 percent IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) The Reserve Bank of India (RBI) Monday reduced the cash reserve ratio by 50 basis points to 8.5 percent, bringing cheer to financial circles.
India-Germany trade to reach $27 bn by 2012: Kamal Nath IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) India's annual bilateral trade with Germany will reach the target of 20 billion euros ($27 billion) by 2012, Commerce and Industry Minister Kamal Nath said here Monday.
Mumbai Mantra acquires rights of 'Sorry Bhai' IANS - Mon, Oct 6
Mumbai, Oct 6 (IANS) Mumbai Mantra, the entertainment arm of auto major Mahindra and Mahindra (M&M), has acquired the distribution rights of Pooja Film's new movie 'Sorry Bhai', a senior company official said here Monday.
Satluj Jal Vidyut to set up 40-MW plant in Himachal Pradesh IANS - Mon, Oct 6
Shimla, Oct 6 (IANS) The state-run hydroelectric major Satluj Jal Vidyut Nigam Ltd (SJVN), which has four power projects to its credit in Himachal Pradesh, will set up another one in Hamirpur district at an investment of Rs.2.5 billion ($55.5 million), a company official said Monday.
India's Sensex dips to two-year low below 12,000 points IANS - Mon, Oct 6
Mumbai, Oct 6 (IANS) As fresh fears surfaced over major pullout by foreign funds and possible recession in the US economy, Indian equities dropped to a two-year low Monday, dragging a key index below the crucial 12,000-point mark.
ICICI Direct launches futures trading for Gulf Indians IANS - Mon, Oct 6
Dubai, Oct 6 (IANS) With an eye to the vast expatriate Indian population in the Gulf, ICICI Direct, the online trading platform of India's ICICI Securities, has launched its online futures and options (F&O) trading facility for overseas Indians.
Adlabs to digitally upgrade 500 cine screens IANS - Mon, Oct 6
Mumbai, Oct 6 (IANS) Adlabs Films Ltd, a part of the Reliance Anil Dhirubhai Ambani Group (ADAG), will digitally upgrade 500 cine screens in India in the next 18 months, according to a senior group executive.
Indian markets watchdog removes curbs on foreign funds IANS - Mon, Oct 6
Mumbai, Oct 6 (IANS) In a bid to bring some cheer to the equities market, India's markets watchdog Securities and Exchange Board of India (SEBI) Monday removed some curbs on foreign funds like the 40 percent cap on participatory notes and overseas derivative instruments.
Tata's Telcon project going strong in West Bengal IANS - Mon, Oct 6
Kolkata, Oct 6 (IANS) Though Tata Motors has decided to move its Nano small car plant out of West Bengal, another major investment project of the company, an earth moving equipment factory at Kharagpur in West Midnapore, is going strong, a top district official said Monday.
Industry lobby seeks clinical trial approval in 30 days IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) An industry lobby Monday sought Prime Minister Manmohan Singh's help to get approval for clinical trial of drugs within 30 days of a pharmaceutical firm fulfilling the requisite norms.
Six Indian cities top global outsourcing list IANS - Mon, Oct 6
New Delhi, Oct 6 (IANS) Six Indian cities are among the top eight outsourcing centres, according to the CyberMedia publications group.
Uttar Pradesh businessmen arrested for protesting tax hike IANS - Mon, Oct 6
Lucknow, Oct 6 (IANS) A large number of businessmen, protesting against the Uttar Pradesh government's decision to increase value added tax (VAT) and implementation of entry tax, were arrested here Monday, officials said.
Online auction of jewellery starts Tuesday IANS - Mon, Oct 6
Mumbai, Oct 6 (IANS) India is set to witness this October what Saffronart officials say is the first ever online auction of rare Indian jewellery and customised watches.