Business News – Newsletter for November 26, 2010

Plan panel to examine states’ complaints on Finance Commission

AGARTALA – The Planning Commission has constituted a high level committee to look into complaints that the 13th Finance Commission (2010-2015) has deprived many states like Tripura of its resources, a state minister said Friday.

“The 13th Finance Commission has deprived the special category states, including northeastern states, in recommending its awards and recommendations,” Tripura … Read : Plan panel to examine states’ complaints on Finance Commission.

Black Friday Sales Boosts Business

SAN FRANCISCO (GaeaTimes.com)- Black Friday sales follows the Thanksgiving Way. It marks the beginning of Christmas shopping season. Therefore, like every year, most of the retail stores have opened early to offer promotional sales and kick start the shopping season in full spirit. However, these days, the Black Friday Sales are not limited to …. Source  : Gaea News Network.

Target’s Awesome Gadget Deals

SAN FRANCISCO (GaeaTimes.com)- The Black Friday which is the unofficial beginning of the Holiday shopping season in USA has made the shoppers crazy this year since there are plenty of great offers waiting for them. Their excitement reached a crescendo ever since the big retailers like Walmart and Target published their ads for Thanksgiving [..] Read the original article: here.

Herbergers Offering Good Discounts

SAN FRANCISCO (GaeaTimes.com)- Herbergers, a leading retail and lifestyle store in the United States has started its Black Friday Deal. It was one of the first stores to be opened as early as 3:00 am, to offer the best buy to its customers. However, although the stores are getting flocked with several people in …. Source  : Gaea News Network.

Best Black Friday Deals Hunted By Shoppers

SAN FRANCISCO (GaeaTimes.com)- Black Friday is a shopping extravaganza the shoppers keep waiting for the entire year. This annual shopping event is an opportunity for the shoppers who want to buy their desired products at really low prices. This year the top retailers in USA are offering lucrative deals on a range of …. Original source  : Best Black Friday Deals Hunted By Shoppers.

Victoria Secret Black Friday Exciting Offer

SAN FRANCISCO (GaeaTimes.com)- Hurry all you ladies else you will miss out the exciting offers that the stores are ushering upon everyone on the eve of Black Friday. There is a great piece of news not only for the shopaholics but also for every single lady out here, who are otherwise not so keen to …. Source  : Gaea News Network.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.74 and the Reference Rate for Euro is ` 60.84 on November 26, 2010. The corresponding rates for the previous day (November 25, 2010) were ` 45.64 and ` 60.81 respectively. Based on the Reference Rate for …. Source article on Gaea Times at  : RBI Reference Rate for US $ and Euro.

World’s most expensive tequila bottle unveiled

MEXICO CITY – A distillery in Mexico has come up with the world’s most expensive bottle of tequila, covered with 4,000 diamonds and estimated at $3.5 million.

The bottle nicknamed “Diamond’s Law” by Hacienda La Capilla company was made by around 20 to 30 people, Fox News reported Friday.
The company had earlier sold a … Read more »»».

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on November 26, 2010 are:

Amount  (face value in ` crore)                     

Item

3 days Reverse Repo Auction (Sale of securities by RBI)

3 days Repo Auction 
…. Original article  : Liquidity Adjustment Facility : Auction Results.

Sensex gives up opening highs

MUMBAI – A benchmark index of Indian equities Friday slipped from its opening highs to rule about 202 points lower after about 90 minutes of beginning of trade.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,391.96 points, was ruling at 19,115.28 points, down 202.88 points or 1.05 percent …. Read the original article  : Sensex gives up opening highs.

Money Market Operations as on November 25, 2010

… Read more >>.

Tokyo stocks edge up on weaker yen

TOKYO – Japanese shares inched higher in Friday morning trading as some export-oriented issues were boosted by a weaker yen.

The benchmark Nikkei 225 Stock Average gained 9.02 points, or 0.09 percent, to trade at 10,088.78. The broader Topix index was up 0.71 points, or 0.08 percent, at 870.52.
The Japanese currency fell against the …. Read the original article  : Tokyo stocks edge up on weaker yen.

Dubai Chamber of Commerce hosts Indian president

Dubai, Nov 25 (IANS/WAM) The Dubai Chamber of Commerce and Industry Thursday hosted a reception in honour of Indian President Pratibha Patil and her accompanying business delegation here at the Raffles Hotel.

Besides the Indian delegation, the business luncheon reception was attended by Maryam Khalfan Al Roumi, UAE minister of social affairs, officials and … Read the original article on Gaea Times at : Dubai Chamber of Commerce hosts Indian president.

Chhattisgarh to get 2,000 MW power from NTPC project

RAIPUR – Chhattisgarh signed a power purchase agreement Thursday with India’s largest power producer, the National Thermal Power Corporation (NTPC), to get 50 percent power from its upcoming 4,000 MW coal-fired power plant.

Chhattisgarh will get 2,000 MW at Rs.2.59 per unit from NTPC’s coal-fired project that will come up at Lara village in the … Read : Chhattisgarh to get 2,000 MW power from NTPC project.

Abu Dhabi gives $10 mn for Kenya road project

Abu Dhabi, Nov 25 (IANS/WAM) The Abu Dhabi Fund for Development (ADFD) will lend 37 million dirhams (about $10 million) for constructing a road in Kenya, it was announced Thursday.

The aim of this 135-km road project is to link the Garissa and Modogache cities in Kenya.
The road will connect Kenya to its …. Read the original article  : Abu Dhabi gives $10 mn for Kenya road project.

Jairam Ramesh now calls SUVs ’socially useless vehicles’

NEW DELHI – Days after he termed use of sports utility vehicles (SUVs) in India as criminal, Environment Minister Jairam Ramesh Thursday called them “socially useless vehicles”.

“I have got very critical reactions for my statement on SUVs. The Wall Street journal in an article today called me buffoon. I think SUVs are socially useless … Original source on Gaea Times at : Jairam Ramesh now calls SUVs ’socially useless vehicles’.

Export of natural resources a crime: Raman Singh

RAIPUR – Export of natural resources is a crime and should be banned as early as possible, Raman Singh, chief minister of Chhattisgarh – one of India’s most mineral-rich states – said Thursday.

“Exporting natural resources outside the country comes under category of a national crime and it should be banned,” an official press statement …. Original article  : Export of natural resources a crime: Raman Singh.

India, US to sign aviation safety agreement

NEW DELHI – The country’s aerospace segment is poised to grow with India and the US set to sign the Bilateral Aviation Safety Agreement (BASA) that would usher in mutual acceptance of aeronautical products and parts developed in either country, the Directorate General of Civil Aviation (DGCA) Thursday said.

“The agreement would be signed within … Original source on Gaea Times at : India, US to sign aviation safety agreement.

PM heading to Berlin, Germany to pitch for Eurofighter

BY MANISH CHAND
NEW DELHI – Germany is set to sharpen its pitch for selling Eurofighter Typhoon combat jets to India when Prime Minister Manmohan Singh goes to Berlin next month, a day-long trip that will focus on expanding the strategic relationship between the two would-be non-permanent members of the UN Security Council.

Manmohan Singh …. Original source  : PM heading to Berlin, Germany to pitch for Eurofighter.

BGR Energy denies any malpractice in securing loan

CHENNAI – City-based power sector engineering, procurement and construction company BGR Energy Systems Thursday said it did not resort to illegal or unethical means to get a Rs.500-crore working capital loan from Bank of India, whose official was taken into custody over an alleged loan scam Wednesday.

“We have no clue as to how our …. Read the original article  : BGR Energy denies any malpractice in securing loan.