Lower seed potato and tomato yield in Himachal due to rains

KULLU – Plentiful monsoon rains and foggy conditions have damaged the high-variety seed potato and tomato crops in Himachal Pradesh’s Lahaul Valley.

Horticulture experts say lack of sunshine has led to the spread of late blight disease, affecting the crops. They say
the seed potato yield would come down by 25-30 percent … Read this article on Gaea Times at : Lower seed potato and tomato yield in Himachal due to rains.

UAE-Canada row over landing rights

TORONTO – The United Arab Emirates’ (UAE) plans to expand Etihad and Emirates global operations have resulted in a diplomatic row with Ottawa, with the Gulf nation deciding to shut a Canadian base for denial of more landing rights in Canada to its carriers.

The two UAE airlines operate six flights a week from Dubai …. Source  : Gaea News Network.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.50 and the Reference Rate for Euro is ` 62.09 on October 13, 2010. The corresponding rates for the previous day (October 12, 2010) were ` 44.74 and ` 61.81 respectively. Based on the Reference Rate for [..] Read the original article: here.

Sensex soars 300 points in noon trade

MUMBAI – A benchmark index of Indian equities Wednesday shot up 300 points in noon trade, with heavyweight scrips leading the uptrend.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,223.45 points, was ruling at 20,504.81 points, up 301.47 points or 1.49 percent from its previous close at 20,203.34 …. Source  : Gaea News Network.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 13, 2010 are:

Amount  (face value in ` crore)                          

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction  … Read more : Liquidity Adjustment Facility : Auction Results.

Panels to examine Jammu, Ladakh development needs

NEW DELHI – As part of confidence building measures in Jammu and Kashmir, the central government has set up two special task forces to examine the development needs of its Ladakh and Jammu regions, an official said Wednesday.

Narendra Jadhav, Planning Commission member, will head the group for Ladakh and his colleague in the plan …. Read the original article  : here.

India, UAE can’t risk backlash over BlackBerry: Analysts

TORONTO – Though BlackBerry maker Research In Motion (RIM), based at Waterloo near here didn’t react Tuesday to India’s decision to extend its deadline till Dec 31 to satisfy New Delhi’s security concerns, analysts said no emerging economy wants to risk a backlash by throwing out BlackBerry.

The Indian home ministry Tuesday gave its second … Original article on : India, UAE can’t risk backlash over BlackBerry: Analysts.

Underwriting Auctions for Government Securities

The Government of India have announced the sale (reissue) of “7.17 per cent Government Stock 2015” for a notified amount of Rs.4,000 crore (nominal), "7.80 per cent Government Stock 2020"  for a notified amount of Rs.4,000 crore (nominal) and " 8.26 per cent Government Stock  2027” for a notified amount … Original article on : Underwriting Auctions for Government Securities.

Sensex dull in morning trade

MUMBAI – A benchmark index of Indian equities Wednesday was ruling tardy, having slipped from its opening highs.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,223.45 points, was after half an hour ruling at 20,219.85 points, up 16.51 points or 0.08 percent from its previous close at 20,203.34 … Read : Sensex dull in morning trade.

Money Market Operations as on October 12, 2010

…. Original article  : Money Market Operations as on October 12, 2010.

Apple in talks for Indian iPhone

SAN FRANCISCO – Apple is holding talks to bring the iPhone to two of India’s biggest mobile phone operators, the Wall Street Journal reported Tuesday.

Apple’s hit mobile device is currently available in India only through Bharti AirTel and Vodafone, whose cellular systems run on the GSM technology. But Apple is now talking with Tata … Read more >>>.

2,200 flats to be added to Delhi’s government colony

NEW DELHI – To counter the shortage of government houses in the capital, the union cabinet Tuesday approved a proposal for building about 4,550 flats in place of the existing 2,331 ones in a south Delhi colony.

The union cabinet approved a proposal for redevelopment of Kidwai Nagar (East) for construction of residential accommodation for …. Read the original article  : 2,200 flats to be added to Delhi’s government colony.

Jiangsu Group tops list of China’s top-500 private companies

BEIJING – China’s largest privately owned steel company Jiangsu Shagang Group has topped the list of its top 500 private companies in 2010, a media report said Tuesday.

With a revenue of 146 billion yuan ($21.9 billion), the group topped the list for the second year in a row, China Daily reported.
The Suning … Read more »»».

Wage revision of Braithwaite, Burn Standard workers resolved

KOLKATA – The long standing issue of implementation of a tripartite memorandum of settlement of wage revision of workers of ailing wagon makers Braithwaite and Burn Standard was resolved Tuesday by the railway ministry, said an official.

The wage revision will benefit at least 1,250 employees of the two companies and will be effective from …. Source  : Gaea News Network.

Indian, Scottish business groups tie-up to boost trade

NEW DELHI – Indian and Scottish business relations will be further enhanced with the Federation of Indian Chambers of Commerce and Industry (FICCI) signing partnership agreements with the Scottish Chambers of Commerce (SCC) Tuesday.

The agreements coincide with the visit of Alex Salmond, first minister of Scotland who is leading a trade and tourism …. Source  : Gaea News Network.

Magma Fincorp Q2 profit up 67 percent

KOLKATA – Non-banking finance company Magma Fincorp clocked a profit after tax (PAT) of Rs.26.36 crore in the second quarter (July-September) of 2010-11 compared to Rs.15.75 crore during the corresponding period last fiscal, a rise of 67 percent.

We have recorded 28 percent growth in disbursement and 67 percent growth in PAT, Sanjay Chamria, …. Original source  : Magma Fincorp Q2 profit up 67 percent.

Mega container terminal for Chennai port approved

NEW DELHI – The government Tuesday approved development of a mega container terminal worth Rs.3,686 crore at Chennai port to boost exports and imports in the region and cut down on freight and shipping costs.

The decision to develop the container terminal was taken at a meeting of the Cabinet Committee on Infrastructure chaired by …. Source article on Gaea Times at  : Mega container terminal for Chennai port approved.

High tax structure keeping away PlayStation customers: Sony

KOLKATA – Sony Computer Entertainment Europe (SCEE) Tuesday said the high tax structure in India is keeping away many potential customers from its flagship product PlayStation.

“The PlayStation 3, which is available at around $330 per unit in global market is priced around $380-390 per unit in India due to the tax structure. We have …. Source article  : High tax structure keeping away PlayStation customers: Sony.

China has 189 billionaires

BEIJING – China’s billionaires rose by 69 to 189 this year, according to the Hurun Rich List 2010 Tuesday.

The growth of domestic market has been a major factor for the rising number of billionaires, China Daily reported, quoting the rich list report.
“We can see from the first 10 richest Chinese that their major …. Original article  : China has 189 billionaires.

Property prices to rise in Delhi, BJP protests (Second Lead)

NEW DELHI – Property prices are set to shoot up in the Indian capital. The Delhi government Tuesday doubled “circle rates” — the minimum selling price of a plot.

In a bid to generate more revenue for itself in the form of stamp duty, the Delhi cabinet hiked June 14 the “circle rates” based on … Original article on : Property prices to rise in Delhi, BJP protests (Second Lead).