http://24dunia.comNewsENWebdunia.com[India] Pvt. Ltd.http://24dunia.com/english-news/shownews/4/Panel-to-vet-foreign-investments/4463049.htmltoday set up a working group to review investments in the country by foreign institutional investors, NRIs and venture capitalists.The 16-member group, headed by UTI Mutual Fund chairman U.K. Sinha, is expected to review the existing policy on foreign capital and suggest changes to encourage investment.Officials said the group would also study the arrangements regarding participatory notes — instrumentsBusinessWed, 25 Nov 2009 11:05:53 GMThttp://24dunia.com/english-news/shownews/4/BHEL-wins-Rs-5-600-crore-contract-for-plant-in-UP/4462205.htmlBharat Heavy Electricals Limited (BHEL) has bagged a major order for setting up the 1,980 MW (3 X 660) Prayagraj Thermal Power Project (TPP) with supercritical parameters in Uttar Pradesh.The Rs.5,600 crore order for the greenfield power project at Bara in Allahabad district placed by Prayagraj Power Generation Company Limited (PPGCL), owned by Jaiprakash Associates Limited (JAL), reflects customerBusinessWed, 25 Nov 2009 08:50:51 GMThttp://24dunia.com/english-news/shownews/4/Memorial-on-November-26/4462501.html‘Talk for India Hour’ is planning a memorial in the city at Lumbini Park on November 26 from 6 p.m. More details can be had from ‘©BusinessWed, 25 Nov 2009 09:02:37 GMThttp://24dunia.com/english-news/shownews/4/Unions-decry-VPT’s-‘rigid-stand’/4462542.htmlAITUC and HMS, two rival unions that are jointly spearheading the strike by Cargo Handling Division workers in the Visakhapatnam Port Trust against manning scales, on Tuesday came down heavily on the management for its rigid stand on their demand.“The management seems to be in no mood to meet out our genuine demand not to implement the tribunal award on manning scales,” AITUC leader V.V. Rama Rao andBusinessWed, 25 Nov 2009 09:02:37 GMThttp://24dunia.com/english-news/shownews/4/HCL-Security-signs-MoU-with-Cisco/4462006.htmlHCL Security, a 100 per cent subsidiary of HCL Infosystems, has signed a memorandum of understanding (MoU) with Cisco to collaborate on delivering IP-based safety and security solutions to help enable safer and more secure communities. The collaboration will combine the strengths of Cisco’s Smart+Connected Communities leadership with HCL Security’s ‘Safe State’ architecture to deliver safety and securityBusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/Electric-version-of-Indica-in-2011/4462117.htmlTata Motors is planning to launch the electric version of its compact car Indica in 2011, aimed at tapping the growing market for eco-friendly cars.“The electric Indica will be available for launch in India simultaneously with the global launch. We will begin a feasibility study by next year for introducing the product,” Tata Motors Managing Director (India operation) Prakash M. Telang said here onBusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/Sensex-recoups-part-of-initial-losses/4462093.htmlhighly volatile trade, the Bombay Stock Exchange sensitive index, Sensex recovered from the initial sharp losses. However, it closed lower by 49.10 points at 17131.08 against 17180.18 due to profit-booking at higher levels triggered by a sharp fall in Chinese indices coupled with lower Asian and European advices.The Shanghai Composite index fell by 3.45 per cent on concerns that the Chinese banks mayBusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/Economy-in-better-shape-but-recovery-sluggish-Gokarn/4462629.htmlMUMBAI:Subir Gokarn, the new deputy governor of the Reserve Bank of India (RBI)indicated that the Indian economy is at a better footing compared to a year ago,but he also warned that recovery is still very sluggish and not broad-based.Mr Gokarn, who took charge on Tuesday, will be in charge of monetarypolicy, economic analysis, statistics and information management, department ofcommunication and DepositBusinessWed, 25 Nov 2009 08:39:04 GMThttp://24dunia.com/english-news/shownews/4/Multiplexes-killing-Bollywood-say-filmmakers/4461744.htmlPanaji, (BollywoodWorld.com) Two prominent Bollywood filmmakers — Manmohan Shetty and Bobby Bedi — have spoken against multiplexes and the high price of tickets, saying these two factors could destroy the industry.“The main culprit to bring down Bollywood are multiplexes,” said Shetty, who started the trend of multiplex cinema chains.“The tickets are priced so high that people who used to watch theBusinessWed, 25 Nov 2009 08:02:47 GMThttp://24dunia.com/english-news/shownews/4/CHINA-Ford-chief-sees-sales-rising-more/4461736.htmlThis article is locked. You need to be a Full Member of just-auto to view this article.Ford passenger vehicle sales in China will likely continue to strengthen and rise almost 50% in 2009 from last year, sales chief Nigel Harris has said.Becoming a Full Member of just-auto is simple and will take less than a minute to complete. To start the membership processBenefits of being a Full Member include:BusinessWed, 25 Nov 2009 07:46:46 GMThttp://24dunia.com/english-news/shownews/4/Lloyds-to-raise-a-record-22-bn-for-rights-offering/4462634.htmlLONDON: Lloyds Banking Group, theUK’s biggest mortgage lender, plans to raise a record £13.5 billion($22.3 billion) in the country’s biggest rights offering, selling sharesat a 59.5% discount. The bank gained in London trading.The shareswill be sold at 37 pence each compared with Monday’s closing price of91.47 pence a share, the London- based lender said in a statement on Tuesday.Lloyds will offerBusinessWed, 25 Nov 2009 07:27:05 GMThttp://24dunia.com/english-news/shownews/4/Mumbai-brokers-oppose-extension-of-trading-hours-Survey/4459978.htmloverwhelming majority of brokers of the Bombay Stock Exchange (BSE) are opposed to any extension of trading hours, according to a survey report released here today.The survey, conducted among 418 trading members by the BSE Brokers' Forum, showed that 79 percent of stock brokers do not favour any change in the current trading hours of the BSE.Among the proponents for the change, five percent were inBusinessWed, 25 Nov 2009 06:57:04 GMThttp://24dunia.com/english-news/shownews/4/RIL-to-have-limited-benefits-from-LyondellBasell-takeover-S-P/4461721.htmlStandard Poor's today saidacquisition of the Netherlands-based LyondellBasell Industrieswill provide limited benefits to Reliance Industries (RIL)."Although Standard Poor's acknowledges that thetransaction could bring some strategic benefits, it believessynergies would be limited," the global rating agency said.RIL has submitted a preliminary non-binding offer toacquire, for cash, a controlling interestBusinessWed, 25 Nov 2009 07:14:44 GMThttp://24dunia.com/english-news/shownews/4/Reva-looks-for-partners-to-set-up-manufacturing-bases-in-overseas/4461191.htmlReva Electric Car Company today said it is looking for partners to set up manufacturing facilities in the overseas market, especially the United States and the Europe.''We are exploring to set up contract manufacturing facilities in the overseas market, especially in the Europe and the US,'' company Deputy Chairman and Chief Technology Officer Chetan Maini told reporters here on the sidelines of '4thBusinessWed, 25 Nov 2009 05:38:43 GMThttp://24dunia.com/english-news/shownews/4/Business-Briefs/4463062.htmlInsulins, antiseptics, vitamins and pain killers will cost more as the drug price regulator has revised rates of 119 formulations. The National Pharmaceutical Pricing Authority has increased the price of a 12-bottle pack of Dettol of 500 ml each to Rs 734.60 from Rs 629.60. It has also increased prices of Monocomponent Insulin injections of 3 ml by 48 paise to Rs 472.90.Hindalco Industries has raisedBusinessWed, 25 Nov 2009 11:05:53 GMThttp://24dunia.com/english-news/shownews/4/Telstra-to-make-a-return-call/4463013.htmlAustralian telecom major Telstra is keen on re-entering the fast growing Indian market, nine years after it exited a joint venture with Modi Group.Modi Telstra’s MobileNet was the country’s first cellular service that was launched in Calcutta in 1995.Sources said Telstra might bid for wireless broadband spectrum to be auctioned in January. It has also applied to the department of telecom and the ForeignBusinessWed, 25 Nov 2009 11:05:53 GMThttp://24dunia.com/english-news/shownews/4/Lyons-Range-set-to-extend-reach/4463056.htmlLyons Range — the second oldest bourse in the country — is looking to spread its tentacles by offering deposit-based membership to brokers in the eastern and northeastern regions.“Stock exchanges in Bhubaneswar, Patna and Guwahati have become almost defunct. This gives us an opportunity to expand our reach to investors in the eastern and northeastern states. So, we have decided to introduce deposit-basedBusinessWed, 25 Nov 2009 11:05:53 GMThttp://24dunia.com/english-news/shownews/4/Feeder-airline-to-link-small-towns/4462993.htmlAirCar, the low-cost charter airline, will soon connect state capitals such as Ahmedabad and possibly Calcutta with nearby industrial and tourist hubs using 9-14 seater planes.“We plan to tie up with states to offer services connecting state capitals with smaller industrial hubs and tourist centres. For example, our studies indicate there is immense potential for routes such as Calcutta-Dhanbad orBusinessWed, 25 Nov 2009 11:05:53 GMThttp://24dunia.com/english-news/shownews/4/Pension-Insurer-s-Deficit-Nearly-Doubles/4462936.htmlgovernment agency that insures private sector pensions recently announced that its deficit has almost doubled to $22 billion in fiscal year 2009, up from a $11.2 billion deficit in September 2008. But financial problems at the Pension Benefit Guaranty Corporation have eased somewhat since March 31 when the agency reported a record $33.5 billion deficit.The pension insurer attributes the deficit increaseBusinessWed, 25 Nov 2009 09:46:43 GMThttp://24dunia.com/english-news/shownews/4/Home-Prices-The-Next-Leg-Down/4462938.htmlAlthough home prices improved again in September, analysts predict property values will resume their decline in the coming months. The SP/Case-Shiller Home Price report, which was released today, showed that seasonally adjusted home prices increased in September for the fourth month in a row. Prices are now roughly 3.5 percent above the lows they hit in May. At the same time, the third-quarter U.S.BusinessWed, 25 Nov 2009 09:46:43 GMThttp://24dunia.com/english-news/shownews/4/See-Where-the-Jobs-Are-for-Older-Workers/4462937.htmlpast.Use the table below by finding the general category that includes your skill sets. As of October, you'll see the number of people aged 65 and older in the category and their share in the overall workforce of experienced people of all ages. Next, you'll notice the unemployment rates last month for all experienced workers and for workers 65 and older. Finally, you'll see the comparable unemploymentBusinessWed, 25 Nov 2009 09:46:43 GMThttp://24dunia.com/english-news/shownews/4/America-s-Most-Profitable-Malls/4462933.htmlEverybody knows that American shoppers have cut back their spending, driving some retailers—and even some malls—out of business. But commerce hasn't ground to a complete halt, and Americans are still spending on some things. Somewhere.Using data from Green Street Advisors, an investment research firm in Newport Beach, Calif., that specializes in publicly owned real estate companies,identified mallsBusinessWed, 25 Nov 2009 09:46:43 GMThttp://24dunia.com/english-news/shownews/4/Carmaker’s-brands-dominated-the-day-s-newspaper-cover-to-cover/4462651.htmlNovember 11, readers of Times of India newspaper woke up to a Volkswagenedition. Ads of the German carmaker’s brands from Beetle to Jetta toTouareg dominated the day’s newspaper cover-to-cover, blocking out otheradvertisers.This kind of carpet-bombing — its calledroadblock in ad circles — was being done in Indian print media for thefirst time. And it worked.“At Google Hot Trends, Volkswagenwas theBusinessWed, 25 Nov 2009 08:39:04 GMThttp://24dunia.com/english-news/shownews/4/Direction-issued/4462323.htmlKarnataka High Court on Monday directed the State Government to inspect and find out whether 90 quarries operating in and around Pandavapura taluk in Mandya district were adhering to the provisions of law and whether they were carrying on quarrying illegally. The order came in a petition by Venkata Gowda against licence to a firm in the taluk.BusinessWed, 25 Nov 2009 08:59:42 GMThttp://24dunia.com/english-news/shownews/4/Plea-against-land-for-BTC-admitted/4462470.htmlKarnataka High Court on Tuesday admitted a petition by a resident of Bangalore challenging the action of the State Government in allotting 105 acres of land on a tank bed in Bangalore for relocating the Bangalore Turf Club. The B.S. Yeddyurappa Government had taken a decision to shift the racecourse run by the BTC from Race Course Road to the outskirts of the city. The Government had identified 105BusinessWed, 25 Nov 2009 08:59:42 GMThttp://24dunia.com/english-news/shownews/4/Milk-procurement-price-up-in-Hassan/4462452.htmlThe district unit of the Karnataka Milk Federation (KMF) earned a profit of Rs. 285 lakh as of October 2009, KMF Hassan unit president H.D. Revanna has said. He added that the profit would be passed on to milk producers and milk procurement price had been raised by 90 paise a litre from Monday.The KMF would pay Rs. 13.76 to the milk producers’ union and the union, in turn, would pay Rs. 13.20 a litreBusinessWed, 25 Nov 2009 08:59:42 GMThttp://24dunia.com/english-news/shownews/4/EU-writes-to-WTO-over-high-state-taxes-on-foreign-liquor/4462638.htmlNEWDELHI: The EuropeanBusinessWed, 25 Nov 2009 08:48:00 GMThttp://24dunia.com/english-news/shownews/4/Constitution-of-DRPs-in-eight-cities-notified/4462199.htmlCentral Board of Direct Taxes (CBDT) on Tuesday notified rules to regulate the procedure of the dispute resolution panels (DRPs) being constituted in eight cities — Delhi, Mumbai, Ahmedabad, Kolkata, Chennai, Hyderabad, Bengaluru and Pune. Set up under Sec. 144C of the Income-tax Act, 1961, (as inserted by the Finance Act, 2009), the rules came into effect from November 20. As per the rules, accordingBusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/DuPont-to-invest-Rs-150-cr-more-on-R-D-centre/4462154.htmlGlobal major science company, DuPont has announced plans to invest Rs. 150 crore more on its integrated research and development centre near here with focus on improved food productivity and renewable energy sources.Addressing media persons here on Wednesday to mark one year of Rs. 150 crore DuPont Knowledge Centre (DKC), Thomas M Connelly, Chief Innovation Officer and Executive Vice-President saidBusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/GAIL-to-pump-Rs-500-crore-in-city-gas-projects/4462202.htmlSeeking to actively step up the tempo for expansion of city gas distribution, GAIL (India) will give its subsidiary GAIL Gas Ltd. Rs. 500 crore for funding its four ongoing city gas projects.GAIL Gas came into existence with a seed capital of Rs. 200 crore from GAIL. It would get around Rs. 500 crore over the next five years for the four ongoing city gas projects in Meerut, Dewas, Sonipat and Kota,BusinessWed, 25 Nov 2009 08:48:25 GMThttp://24dunia.com/english-news/shownews/4/BiotrackerT-LIMS-receives-caBIG-r-bronze-compatibility-certification/4460239.htmlMaryland (US), Nov 24 (ANI/Business Wire India): Ocimum Biosolutions today announced that its specialty life science Laboratory Information Management System (LIMS), BiotrackerT has been awarded the prestigious caBIG(r) (cancer Biomedical Informatics Grid(r)) Bronze Compatibility Certification by the National Cancer Institute, an institute of the National Institutes of Health, U.S. Department of HealthBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/CBI-files-second-chargesheet-in-Satyam-scam-probe-over/4460821.htmlCBI today filed a secondchargesheet against the accused in the multi-crore accountingfraud in Satyam Computer, including its founder chairman BRamalinga Raju and Mahindra Satyam's internal audit headV S Prabhakar Gupta.With this, as far as the probe into the accounting scamis concerned, the investigation is completed, CBI DIG V VLaxminarayana told reporters.The supplementary chargesheet has arraignedBusinessWed, 25 Nov 2009 03:59:23 GMThttp://24dunia.com/english-news/shownews/4/Undergrad-nets-Rs-32-lakh-offer-from-Deutsche-Bank/4462636.htmlFor someone who aspires fora hole-in-one as an amateur golfer, Adit Mathur has made a Tiger Woodsian debuton the job circuit.The 20-year-old undergrad of Shri Ram College ofCommerce (SRCC) is now the toast of Delhi University (DU) as he has teed in anoffer from Deutsche Bank for an annual compensation package of Rs 32 lakh($69,000). Mathur, a resident of Civil Lines in Delhi, will be trained in LondonnextBusinessWed, 25 Nov 2009 07:41:04 GMThttp://24dunia.com/english-news/shownews/4/Telcos’-market-value-falls-on-frequent-tariff-cuts/4462661.htmlfrequent tariff cuts by telecom operators may have cheered mobilephone users, but the market value of these companies fell by almost half sinceApril with investors keeping away from their stock fearing a sustained fall inrevenues and profits.The combined market value of private sectortelcos slipped by 44% since April to Rs 1,67,840 crore, way below the marketvalue of India’s largest telco Bharti AirtelBusinessWed, 25 Nov 2009 08:00:03 GMThttp://24dunia.com/english-news/shownews/4/Del-Potro-claims-nervy-win/4461756.htmlto Andy Murray and Verdasco to Roger Federer - they knew this contest could make or break their chances.And, despite failing to serve out the victory, it was the US Open champion who eventually came out on top, meaning Murray can book his place in the last four with victory against Federer this evening.Verdasco had played superbly for two sets against the world number one on Sunday but it could notBusinessWed, 25 Nov 2009 08:06:48 GMThttp://24dunia.com/english-news/shownews/4/Kimaya-in-talks-with-PEs-to-sell-15/4462625.htmlOwners of Kimaya Studios, a Mumbai-based fashion house, are in talks withprivate equity firms to offload more than 15% stake in the designer retail chainthat hawks labels of more than 100 designers including Rohit Bal and ManishArora.“We are expanding aggressively and in next six months,we are looking at diluting about 15% of our stake,” said Pradeep Hiraniwho set up Kimaya with his wife Neha HiraniBusinessWed, 25 Nov 2009 08:18:01 GMThttp://24dunia.com/english-news/shownews/4/IPL-T20-cricket-appears-to-be-hot-property/4462669.htmlNEWDELHI: There mayBusinessWed, 25 Nov 2009 08:23:05 GMThttp://24dunia.com/english-news/shownews/4/3G-auction-may-be-delayed-again/4462645.htmlauction of third generation spectrum (3G), vital for high-endservices such as ultra-fast internet on mobile, which is slated to begin onJanuary 14, is likely to be deferred by a ‘few weeks’, as theDepartment of Telecom (DoT) and the defence ministry will require more time tocoordinate and assign the airwaves vacated by the armed forces, ET has learnt.While the armed forces have agreed to vacate 25BusinessWed, 25 Nov 2009 08:29:01 GMThttp://24dunia.com/english-news/shownews/4/Airtel-takes-Pay-Per-Second-tariff-war-outside-India/4459945.htmlcountry's largest mobile operator, Bharti Airtel, on Tuesday took thetariff war abroad as it launched pay-per-second plan for its US customers usingcalling card to make calls to India.With this, Airtel became thefirst to offer pay-per second plan on India calling cards in the US.As per the plan, the $6.99 calling card comes with an administrationfee of $0.49, offering customers a tariff of just 0.03BusinessWed, 25 Nov 2009 00:40:02 GMThttp://24dunia.com/english-news/shownews/4/India-France-bilateral-trade-hit-by-slowdown-says-envoy/4460262.htmlBilateral trade between India and France will be hit this fiscal on account of the global economic meltdown, a French diplomat said here Tuesday."Our target was to reach 12-billion-euro ($18 billion) bilateral trade by 2012 from the present 7 million euros. But, I think, it will be delayed owing to the global slowdown," France's Ambassador Jerome Bonnafont told a seminar here."I don't think that we'llBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/Anil-Ambani-tops-pay-chart-Mukesh-biggest-dividend-earner/4461832.htmlIt's Ambanis all the way in the Indian corporate world in terms of pay package or dividend earnings.With a package of over Rs 52 crore in 2008-09, younger brother Anil has topped the list of executives in terms of compensation, while elder Mukesh has emerged as the country's highest dividend earner at Rs 930 crore, as per rankings compiled by Business India magazine.In the top-five of compensationBusinessWed, 25 Nov 2009 17:54:26 GMThttp://24dunia.com/english-news/shownews/4/Gold-climbs-yet-another-peak-silver-retreats/4460814.htmlGold prices continued itsrecord-making journey on the bullion market here todaysupported by sustained local buying interest amid firmingprices in New York.On the other hand, silver retreated from its record highon hectic offloading by stockists."Though the yellow metal climbed to yet another historichigh in today's trade, the quantum of jump was minimal,"traders said."Gold had a fantastic run recently,BusinessWed, 25 Nov 2009 03:59:23 GMThttp://24dunia.com/english-news/shownews/4/Sensex-ends-weaker-by-49-10-points/4461427.htmlSnapping the upward march of the last two sessions, the Sensex of the Bombay Stock Exchange (BSE) today slipped by 49.10 points to end at 17,131.08 on selling pressure by Foreign Institutional Investors (FII's) and bearish phase in the global markets.The Nifty index of the National Stock Exchange (NSE) too declined moderately by 13.00 points to close at 5090.55 points.The Sensex recorded the day'sBusinessWed, 25 Nov 2009 03:58:46 GMThttp://24dunia.com/english-news/shownews/4/Rajasthan-nuclear-power-unit-goes-critical/4458903.htmlUnit 5 of the Rajasthan Atomic Power Project, a 220 MW pressurized heavy water reactor (PHWR), attained criticality at Rawatbhata in Rajasthan, an official of the Nuclear Power Corp of India Ltd (NPCIL) said here today."It joins four other PHWRs at the same site which have a total installed capacity of 740 MW and are already in operation," said NPCIL chief engineer N. Nagaich.Designed and built byBusinessWed, 25 Nov 2009 03:45:00 GMThttp://24dunia.com/english-news/shownews/4/Orissa-seeks-Rs-844-crore-relief-from-centre/4461269.htmlBHUBANESWAR: Orissa government onTuesday declared 3264 revenue villages and 41 notified area councils in 70blocks of 15 districts as drought-hit and directed the collectors to immediatelyprovide financial compensations to the affected farmers.Announcingthe decision in the state Assembly, revenue minister Suryanarayan Patra said theaffected farmers – in accordance with the Calamity Relief Fund (CRF)BusinessWed, 25 Nov 2009 02:34:03 GMThttp://24dunia.com/english-news/shownews/4/Indian-Research-Firm-Joins-Hands-With-Alabama-Institutions-to-Develop-Innovative-Therapies/4460720.htmlResearch Firm Joins Hands With Alabama Institutions to Develop Innovative TherapiesJubilant Organosys, India has joined hands with the University of Alabama and Southern Research Institute, to develop affordable therapies for a range of metabolic and infectious diseases. Oncology will also be a core area.Jubilant Organosys is described as the largest Indian research and manufacturing services firmBusinessWed, 25 Nov 2009 03:18:42 GMThttp://24dunia.com/english-news/shownews/4/Nepals-rhinos-flourish-under-bodyguards/4460041.htmlthe president, prime minister and other ministers in Nepal, the Himalayan republic has added a new VIP entitled to have bodyguards - its rare one-horned rhinos.In two national parks in southern and farwestern Nepal, where the endangered species is found, a novel effort to protect them from poachers has paid rich dividends, the Zoological Society of London (ZSL) said Tuesday at a seminar at London Zoo.AboutBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/Single-screen-theatre-can-save-film-business-Manmohan-Shetty/4458897.htmlFilmmaker Manmohan Shetty, who started the trend of multiplex cinema chains, now says single screen theatres and cheap movie tickets will revive the Indian film industry, which he feels is weighed under increasing production costs."The main culprit to bring down Bollywood are multiplexes. The tickets are priced so high that people who used to watch the movies by paying Rs.30 to Rs.40 are not comingBusinessWed, 25 Nov 2009 04:27:00 GMThttp://24dunia.com/english-news/shownews/4/Govt-to-set-up-panels-to-resolve-cross-border-taxation-disputes/4462640.htmlgovernment plans to set up eight panels consisting of senior income-taxofficials to quickly resolve disputes over cross-border taxation.The 2009 Budget had said that a collegium of commissioners would beestablished for resolving tax disputes between India’s tax authoritiesand multinational companies. The rules for this were framed and subsequentlyannounced in a notification issued three days ago.TheBusinessWed, 25 Nov 2009 06:35:01 GMThttp://24dunia.com/english-news/shownews/4/Complete-financial-inclusion-of-districts-a-myth-feel-experts/4462630.htmlthird of the country’s 623 districts in 18 states and six unionterritories today claim to have achieved 100% financial inclusion. What’smore, every district in Haryana, Himachal Pradesh, Karnataka, Kerala,Uttarakhand and Goa has reported complete financial inclusion.But,the legion of banks operating at the grassroots level across these states have adifferent story to tell. According to them, the 100%BusinessWed, 25 Nov 2009 06:39:04 GMThttp://24dunia.com/english-news/shownews/4/RIL-avoids-debt-route-for-Lyondell-acquisition/4462649.htmlMUMBAI: Reliance Industries plans tofund its acquisition of the world’s third-largest petrochem companyLyondellBasell Industries (LBI) by selling treasury stock and dipping into itscash reserves without taking any additional debt on its balance sheet, ratingagency Crisil said on Tuesday while re-affirming its ‘stable’ ratingon RIL’s debt.Crisil said that Mukesh Ambani-led firm had toldit that, post-acquisition,BusinessWed, 25 Nov 2009 06:41:02 GMThttp://24dunia.com/english-news/shownews/4/JSW-Steel-may-sell-40-in-Bengal-unit/4462655.htmlJSWSteel,BusinessWed, 25 Nov 2009 06:56:01 GMThttp://24dunia.com/english-news/shownews/4/October-adds-record-16-67-million-cell-users/4462685.htmlCellular operators added arecord 16.67 million new subscribers in October, the highest ever, largelydriven by the newly introduced per-second billing plans by several telecommajors.According to data released by the Trai, the total telephonesubscriber base increased to 525.65 million at the end of October, as comparedto 509.03 million in the previous month, registering a 3.26% month-over-monthgrowth.DespiteBusinessWed, 25 Nov 2009 06:56:05 GMThttp://24dunia.com/english-news/shownews/4/Russian-firm-paid-NTPC-Rs-100-crore-in-kickbacks/4461937.htmlCentral Bureau of Investigation (CBI) has unearthed evidence of alleged kickbacks of $21.6 million (Rs 100 crore) and Rs 3.33 crore by a Russian company, Technopromoexport (TPE), to Indian agents to secure a Rs 2,066 crore power project contract.Following the revelation, the ministries of power and external affairs have recommended termination of the contract, citing “fraudulent practice” and “delayBusinessWed, 25 Nov 2009 06:57:44 GMThttp://24dunia.com/english-news/shownews/4/Taj-puts-hotel-in-Australia-on-the-block/4462691.htmlIndian Hotels Company (IHCL),the owner of Taj hotels, is reviewing its overseas portfolio and has put Blue,its 100-room hotel in Australia, on the block. IHCL has started discussions withlocal hoteliers, said a source familiar with the development.Theproperty - that overlooks the Sydney Harbour with film actor Russell Crowe'spenthouse at a stone's throw distance - was bought by the Taj for AustraliandollarBusinessWed, 25 Nov 2009 07:03:04 GMThttp://24dunia.com/english-news/shownews/4/Hyundai-faces-labour-unrest-in-Chennai/4462702.htmlLabour problems continue tohaunt the auto industry. After troubles in the Manesar-Gurgaon belt, freshlabour unrest seems to be brewing up at Hyundai India's Chennai operations witha rebel faction, owing allegiance to Centre of Indian Trade Unions (CITU),threatening to go on a strike from December 5, if the company does not recognisetheir faction as the labour union.Representatives of this factionsaidBusinessWed, 25 Nov 2009 07:05:05 GMThttp://24dunia.com/english-news/shownews/4/Rising-freight-rates-hit-coal-importers/4462666.htmlMUMBAI:While state-owned NTPC’s 12.5 million tonne coal import order may havebeen aimed at plugging the shortage of coal at its thermal power plants, privatecompanies who are importing coal for NTPC, may end up taking a hit due to risingfreight rates.Apart from the price of non-coking coal, factors such asfreight rates and cost of fuel to sail a vessel, are the vital aspects thatdetermine the importBusinessWed, 25 Nov 2009 07:09:05 GMThttp://24dunia.com/english-news/shownews/4/Sensex-companies-earnings-rise-7-2-in-Q2/4462682.htmlCOIMBATORE: Though the earnings beforeinterest, tax, depreciation and amortisation (EBITDA) of sensex companies havegrown 7.2% year-on-year (y-o-y) to Rs 56,100 crore in the second quarter, somelarge caps have come up with a poor show.Net profits of the 30sensex companies grew 3.6% on a sequential basis to Rs 33,000 crore but dropped2.7% y-o-y. Sales of sensex companies however grew both on a sequentialBusinessWed, 25 Nov 2009 07:15:02 GMThttp://24dunia.com/english-news/shownews/4/Tight-space/4461680.htmlHis cubicle is one of 18 on the fifth floor of a run-down concrete building in the Mongkok area of Kowloon.Little wooden ladders lead up to the lattice fronts of the upper cubicles. These are coffin-sized homes for Hong Kong's most desperate.Mr Chan shares a tiny kitchen and a single, stained toilet pan with nine others. In other blocks as many as 40 people may have to share."I used to pay 800 HongBusinessWed, 25 Nov 2009 06:08:04 GMThttp://24dunia.com/english-news/shownews/4/Protests-after-Mumbai-attacks-reflected-anger-against-state/4462652.htmlSuparnVerma never intended to start a candlelight protest. The young filmmaker simplywrote a blog post that announced his intention, after days of watching, like therest of Mumbai, in numbed horror as the events of 26/11 unspooled themselves, tobe outside the Gateway of India on December 3.It was a private wayto remember those who died, to offer a tribute for those who battled theterrorists, and toBusinessWed, 25 Nov 2009 06:22:02 GMThttp://24dunia.com/english-news/shownews/4/Nalco-Hind-Copper-scout-for-copper-mines-in-Namibia/4462658.htmlKOLKATA:National Aluminium Co (Nalco) — the largest state-owned aluminium producerand Hindustan Copper — the country’s only copper mining company arejointly scouting for acquisition of copper reserves in Namibia. The move, whichhas the blessings of the Union mines ministry, is part of Nalco’sinitiative to diversify into production of other non-ferrous metals.For Hindustan Copper, which has been facingBusinessWed, 25 Nov 2009 06:24:02 GMThttp://24dunia.com/english-news/shownews/4/150-yrs-on-Darwin-theory-breeds-discord/4462626.htmlPARIS/LONDON:Even 150 years after it first appeared in print, Charles Darwin’s“On The Origin of Species” still fuels clashes between scientistsconvinced of its truth and critics who reject its view of life without acreator.This “Darwin Year” — so named becauseFebruary 12 was the 200th anniversary of the British naturalist’s birthand November 24 the 150th anniversary of his book — has seen a flood ofbooks,BusinessWed, 25 Nov 2009 06:26:01 GMThttp://24dunia.com/english-news/shownews/4/Govt-pushes-for-foreign-funds/4462688.htmlcurrent financial year,foreign investors have pumped in over $16.5 billion into the Indian stock marketalone, one of the highest in history. The government is hot on capital inflow asit looks to smoothen the path for foreign investors.The financeministry, on suggestions from the Prime Minister's Office, has set up ahigh-powered committee with nine members to recommend changes to the existingrules andBusinessWed, 25 Nov 2009 06:28:00 GMThttp://24dunia.com/english-news/shownews/4/26-11-attacks-An-eye-opener-for-India-Inc/4461814.html26/11 attacks were an eye opener for India Inc, for this time terror had struck home.On November 26, 2008 the symbols of a prosperous India, the Hotel Taj and Hotel Oberoi-Trident, frequented by the elite, became unwilling hosts of a brutal terror attack.The ease with which terrorists managed to enter these locations brought to light a well-kept secret of corporate India—that when it comes to theirBusinessWed, 25 Nov 2009 04:35:00 GMThttp://24dunia.com/english-news/shownews/4/RBI-issues-direction-for-electronic-payment-transactions/4461443.htmlReserve Bank of India today issued directions for opening and operation of Accounts and settlement of payments for electronic payment transactions involving intermediaries.The Apex Bank, in a notification, said all accounts opened and maintained by banks for facilitating collection of payments by intermediaries from customers of merchants, shall be treated as internal accounts of the banks. While itBusinessWed, 25 Nov 2009 04:37:50 GMThttp://24dunia.com/english-news/shownews/4/The-weird-and-wonderful-world-of-the-Japanese-Washlet/4459625.htmlJapanese have applied their all their technical know-how to the humble lavatoryLavatories in Japan come in two forms: a traditional Japanese bathroom; and a uniquely Japanese take on a Western-style loo, adorned with buttons, lights and hi-tech features. Most upmarket hotels and restaurant will offer their guests a choice, and it's certainly taking a peek at the Western-style Washlet.It's so much moreBusinessTue, 24 Nov 2009 23:41:34 GMThttp://24dunia.com/english-news/shownews/4/Inflation-and-capital-inflows-challenging-economy/4459507.htmlnewly-appointed RBI deputy governor Subir Gokarn today said the economy has returned to normalcy following the global economic meltdown but faces newer challenges like rising inflation and capital inflows."We are getting back to a more normal situation on the macro-economy. That criticality has changed a bit now and we are dealing with a number of other pressuresinflation being one of themcapital flowsBusinessWed, 25 Nov 2009 00:39:56 GMThttp://24dunia.com/english-news/shownews/4/Now-SMS-in-your-mother-tongue/4459931.htmlIndia has about 400 million plusmobile subscribers (growing by 10 million plus every month). The way mobilephones have penetrated the market beyond the urban elite and middle class isjust breathtaking. The most widely used features of the mobile phone remainvoice and SMS. However, there is a barrier to the adoption of SMS. Among the 400million plus subscribers, less than 100 million are English literate.BusinessWed, 25 Nov 2009 00:41:01 GMThttp://24dunia.com/english-news/shownews/4/Govt-eyes-lead-managers-for-NTPC-SJVN-stake-sale/4459803.htmlTaking the disinvestment process in NTPC and Satluj Jal Vidyut Nigam forward, the government is scouting for lead managers to advise it on the timing of the two public issues.BusinessWed, 25 Nov 2009 00:49:01 GMThttp://24dunia.com/english-news/shownews/4/CANADA-Labour-deal-avoids-partsmaker-strike/4459570.htmlarticle.A vote in favour of a new labour contract at a parts factory in Canada avoided a strike that could have hit Chrysler minivan output.BecomingBusinessWed, 25 Nov 2009 01:06:47 GMThttp://24dunia.com/english-news/shownews/4/ICA-guns-for-regulation-on-used-handsets-sale/4459946.htmlJAIPUR:BusinessWed, 25 Nov 2009 01:07:00 GMThttp://24dunia.com/english-news/shownews/4/Govt-may-reduce-import-duty-on-green-vehicles/4459596.htmlEnvironment-friendly vehicles may soon cost less in India, according to Minister for Heavy Industries and Public Enterprises, Mr Vilasrao Deshmukh. Speaking on the sidelines of the Society of Indian Automobile Manufacturers’ (SIAM) Environment Friendly Vehicles Conference, Mr Deshmukh said that his department would make a recommendation to the Finance Ministry on reducing the import duty on eco-friendlyBusinessWed, 25 Nov 2009 01:18:48 GMThttp://24dunia.com/english-news/shownews/4/M-M-may-hike-vehicle-prices/4459595.htmlMahindra Mahindra may soon increase the prices of its vehicles if input costs continue to grow. Mr Pawan Goenka, the President of MM’s Automotive Division, said that the company would try to absorb the input costs and not hike prices in the third quarter, but that it would have to do it later if the rise in input costs was as high as last year’s. MM’s profit margin in the July-September quarter wasBusinessWed, 25 Nov 2009 01:18:48 GMThttp://24dunia.com/english-news/shownews/4/Essar-Oil-to-begin-ATF-marketing-in-next-6-9-months/4459811.htmlEssar group company Essar Oil to start aviation turbine fuel (ATF) marketing in the next 6-9 months, a senior company official said.BusinessWed, 25 Nov 2009 01:20:04 GMThttp://24dunia.com/english-news/shownews/4/Gold-climbs-yet-another-peak-silver-retreats/4461804.htmlGold prices continued its record-making journey on the bullion market here on Tuesday supported by sustained local buying interest amid firming prices in New York.On the other hand, silver retreated from its record high on hectic offloading by stockists."Though the yellow metal climbed to yet another historic high in on Tuesday's trade, the quantum of jump was minimal," traders said."Gold had a fantasticBusinessWed, 25 Nov 2009 01:25:00 GMThttp://24dunia.com/english-news/shownews/4/Gold-down-to-Rs-17-780-per-10-gram /4459969.htmlSnapping the six-daygaining streak, gold prices fell by Rs 30 at Rs 17,780 per 10 gram in thebullion market here on selling pressure, emerging on concerns over IMF's plansto sell more gold.Gold declined as stockists remained net sellersat the existing high levels, reducing their holdings, analysts said.The precious metal, which had been on a record setting spree sincethe RBI bought 200 tonnes of goldBusinessWed, 25 Nov 2009 01:44:05 GMThttp://24dunia.com/english-news/shownews/4/Aegis-Logistics-Essar-Oil-ink-strategic-alliance/4459801.htmlAegis Logistics and Essar Oil have formed a strategic alliance to sell each other's fuels in seven states through their retail outlets.BusinessWed, 25 Nov 2009 01:44:05 GMThttp://24dunia.com/english-news/shownews/4/Paramount-to-expand-fleet-launch-on-board-mobile-service/4459804.htmlAiming for a larger play in the domestic skies, Paramount Airways plans to increase its fleet fourfold by 2011 to 20 aircraft by inducting mid-sized airplanes.BusinessWed, 25 Nov 2009 01:52:04 GMThttp://24dunia.com/english-news/shownews/4/Borders-co-uk-suspends-book-sales/4460605.htmlBorders has stopped taking orders for new books on its website while the retailer "is in discussion with potential buyers".The firm said that existing customer orders are also being delayed but will be fulfilled.The Borders Entertainment part of the site - which sells DVDs, CDs and electrical items - continues to operate as normal.When customers try to order a book on the website they receive a messageBusinessWed, 25 Nov 2009 02:11:03 GMThttp://24dunia.com/english-news/shownews/4/Ghosn-to-replace-Tata/4461799.htmlmost watched corporate leader Rata Tata told the world last week that he was looking for a successor.The two had a closed-door meeting in Mumbai a few weeks ago. According to sources, Ghosn and Tata could have discussed Tata Sons' succession issue. Ghosn is a likely candidate in Ratan Tata's hunt for a global CEO, sources said.Ghosn is a likely candidate in Ratan Tata's hunt for a global CEO, sourcesBusinessWed, 25 Nov 2009 02:23:00 GMThttp://24dunia.com/english-news/shownews/4/UNDP-consultants-to-prepare-socio-economic-report-for-industries/4460099.htmlOrissa government is holding talks with the UNDP for setting up a panel of consultants to prepare the socio- economic report for the industries to help them formulate their Resettlement and Rehabilitation (RR) policies, Revenue Minister S N Patro said.Addressing the concluding function of the '' Enterprise Orissa 2009,'' here today, organised by the Confederation of Indian Industry (CII) in associationBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/France-acknowledges-Indias-commitment-towards-global-peace/4460128.htmlsaid France wants to help build India's infrastructures, including civilian nuclear facilities, as Paris acknowledges India's commitment and sincerity towards maintainig global peace.Specifying huge scope of greater cooperation between the two nations, particularly in three areas - economy, trade and culture - Mr Bonnafont said France could greatly help India in sustainable development like buildingBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/HP-University-to-acquire-supercomputer/4460039.htmlUniversity will soon acquire a supercomputer for higher study.University Vice-Chancellor Sunil Kumar Gupta told UNI that Department of Physics had received a research grant of Rs 2.5 crore from the Department of Science and Technology of the Government of India under the 'Fund for Improvement of Science and Technology Infrastructure in the Universities and Institutions' (FIST).He said research grantBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/French-consulate-is-hopeful-to-bring-Zinedan-Zidane-in-Kolkata/4460140.htmlConsul General of France in Kolkata today said efforts are on to bring France's World Cup winning hero Zinedan Zidane to Kolkata.''It is a very difficult job to get Zinedan Zidane to Kolkata but the French Consulate is very much optimistic to bring him with the assistance from a sponsored company,'' Consul General of France in Kolkata Jean Louis Rysto told at a news conference here.He said this whileBusinessWed, 25 Nov 2009 02:26:43 GMThttp://24dunia.com/english-news/shownews/4/Giving-Up-Beef-Can-Drastically-Slow-Down-Global-Warming/4460694.htmlIndia has urged Western countries to stop eating beef in order to cut greenhouse emissions.According to a report by the United Nations Food and Agriculture Organisation, 18 per cent of the Earth's greenhouse gas emissions are due to livestock.Environment minister Jairam Ramesh insists giving up beef can drastically reduce emissions and slow down global warming."The solution to cut emissions is to stopBusinessWed, 25 Nov 2009 03:18:42 GMThttp://24dunia.com/english-news/shownews/4/France-looks-to-double-bilateral-trade-with-India/4461276.htmlKOLKATA:The FrenchBusinessWed, 25 Nov 2009 03:21:04 GMThttp://24dunia.com/english-news/shownews/4/RCG-launches-Fresco-adds-impetus-to-Classic-Polo-stable/4461264.htmlCOIMBATORE: The Tirupur-based Rs425-crore Royal Classic Group (RCG) has launched two high fashion t-shirt brands— Fresco and Ce-10 — for the domestic market. With orders fromAmerican and European markets seeing a decline, the textile major had shiftedfocus to the domestic market earlier this year.RCG executivedirector TR Sivaram told ET that a third of its business now comes from thedomestic marketBusinessWed, 25 Nov 2009 02:40:03 GMThttp://24dunia.com/english-news/shownews/4/Patakha-of-a-wedding-getting-popular/4461260.htmlCHENNAI: LotsBusinessWed, 25 Nov 2009 02:43:01 GMThttp://24dunia.com/english-news/shownews/4/Mphasis-Q4-net-up-34-at-Rs-245-cr/4461118.htmlBuoyed by customer additions from its holding company Hewlett-Packard, MphasiS, posted a net profit after tax of Rs 245 crore for the fourth quarter ended October 31, 2009, an increase of 34 per cent from Rs 183 crore a year earlier. On a quarter-on-quarter basis, the company's bottomline modified 6.8 per cent from Rs 229.30 crore in the quarter ending July 31.BusinessWed, 25 Nov 2009 03:02:00 GMThttp://24dunia.com/english-news/shownews/4/Confessions-of-an-Alleged-Market-Timer/4460558.htmlDuring the past year, mutual fund manager Stephen Shipman has regularly transformed his Quaker Small-Cap Tactical Allocation Fund. At one point in 2008, he had virtually the entire portfolio in cash, but at times this year he has been around 85 percent invested in the stock market.Traditionally, a swing that large in cash allocations has been considered a hallmark of market timing, a risky strategicBusinessWed, 25 Nov 2009 03:02:44 GMThttp://24dunia.com/english-news/shownews/4/Investors-should-be-made-aware-of-risks-Bhave/4461115.htmlmarket watchdog Sebi today said intermediaries who undertake investor education programmes must make the pitfalls of investment clear.BusinessWed, 25 Nov 2009 03:10:04 GMThttp://24dunia.com/english-news/shownews/4/West-Bengal-MSEs-demand-more-loans-as-rates-fall/4461266.htmlKOLKATA:With interest rates of commercial banks declining, demand for cheaper loans formicro and small enterprises (MSEs) under the Small Industries Development Bankof India (SIDBI) refinance scheme is rising.Expressing solidaritywith demand, West Bengal Finance Corporation (WBFC), which partly depends onrefinance credit from SIDBI to fund MSEs, has urged the ministry of micro, small medium enterprisesBusinessWed, 25 Nov 2009 03:14:04 GMThttp://24dunia.com/english-news/shownews/4/Hindalco-raises-Rs-2-900-cr-from-QIBs-to-part-finance-projects/4461263.htmlAditya Birla Group firm Hindalco Industries on Tuesday raised aboutRs 2,900 crore through private placement of shares to qualified buyers topart-finance its expansion projects.The company has lined up a Rs23,000-crore expansion programme at both its domestic and overseas facilitiesand the Rs 2,900 crore would part-fund them."The QIB proceeds ofclose to $600 million (Rs 2,900 crore) will partly financeBusinessWed, 25 Nov 2009 03:50:04 GMThttp://24dunia.com/english-news/shownews/4/Max-New-York-Life-ties-up-with-NKGSB-Bank/4460832.htmlLife insurance firm Max New YorkLife today said it has tied-up with NKGSB Cooperative Bank tosell its life insurance products by utilising the branchnetwork of the bank.The tie-up with NKGSB Bank will strengthen Max New YorkLife Insurance's presence in the states of Maharashtra, Goaand Karnataka, a statement said here.Max New York Life Insurance's products will be soldthrough a network of 35 branchesBusinessWed, 25 Nov 2009 03:59:23 GMThttp://24dunia.com/english-news/shownews/4/About-13-47-cr-farmers-covered-under-NAIS-Thomas/4460837.htmlabout1,347 lakh farmers have been covered under the NationalAgricultural Insurance Scheme (NAIS) since its inception inthe 1999-2000 Rabi season.About 1,347 lakh farmers over an area of 2,109 lakhhectares with an insured sum of Rs 1,48,258 crore have beencovered, minister of state for consumer affairs, food andpublic distribution KV Thomas said in a written reply to theLok Sabha.The participation ofBusinessWed, 25 Nov 2009 03:59:23 GMThttp://24dunia.com/english-news/shownews/4/NMCE-daily-biz-in-rubber-crosses-Rs-100-cr-mark/4460836.htmldaily turnover in rubberfutures contracts on commodity bourse NMCE has crossed Rs 100crore mark for last two consecutive days - for the first timesince December 2008 when the commodity was re-launched."The exchange has witnessed the highest-ever dailyturnover of over Rs 100 crore in rubber contracts since thegovernment lifted the ban on the commodity in December 2008,"exchange's Managing Director andBusinessWed, 25 Nov 2009 03:59:23 GMThttp://24dunia.com/english-news/shownews/4/GUANGZHOU-SHOW-China-BMW-s-fourth-largest-market/4460856.htmlfourth largest market in the world, Xu Zhijun, vice president of BMW China Automotive Trading, said at the 2009 Guangzhou motor show.Xu told the Xinhua news agency BMW's China sales hit a new high of 71,952 cars in the first 10 months, up 36.7% year on year, with October sales up a massive 81%.Its Chinese joint ventures are increasing production to meet market demand and it has just announced a newBusinessWed, 25 Nov 2009 04:22:48 GMThttp://24dunia.com/english-news/shownews/4/MALAYSIA-Proton-profit-soars/4460858.htmlarticle.Higher car sales than expected and cost cuts helped Malaysian national carmaker Proton Holdings to post a large rise in second quarter net profit.BecomingBusinessWed, 25 Nov 2009 04:22:48 GMThttp://24dunia.com/english-news/shownews/4/Investors-should-be-made-aware-of-risks-Bhave/4461859.htmlmarket watchdog SEBI on Tuesday saidintermediaries who undertake investor education programmesmust make the pitfalls of investment clear."When intermediaries take up investor awarenessprogrammes, there is an inherent conflict in it (since)intermediaries take up these projects by spending money, itis unlikely that they make investors aware about the pitfallsof investment products," SEBI chairman CBBusinessWed, 25 Nov 2009 17:54:26 GMThttp://24dunia.com/english-news/shownews/4/Russia-cuts-rates-to-record-low-to-tame-rouble/4461868.htmlMoscow: Russia's central bank on Tuesday unveiled a widely-expected interest rate cut, its ninth since April, in a bid to slow down the appreciation of the rouble and support the economy's still fragile recovery from recession.The benchmark refinancing rate was reduced by 50 basis points effective from Wednesday, to a new historic low of 9.00 percent. Other rates were also reduced by the same amount,BusinessWed, 25 Nov 2009 17:54:26 GMThttp://std.webdunia.com/news/img/1.2/wdn_logo.gifhttp://24dunia.com128px64px