Editor's Desk

Monsoon rains have improved significantly after scaring the Indian economy of a worst drought in 80 years. There was above-average rainfall last week for the first time since it took-off in late May. The development will help the kharif crop that is under sowing and include crops like rice, sugarcane cotton and oil seeds, etc. … Read more Monsoon rains improve, deficiency comes down to 27%

Aptech’s aviation training arm, Avalon Academy has entered into a memorandum of understanding (MoU) with Thomas Cook India (TCIL) to offer a specialized Diploma Program in Travel and Tourism. This industry-academia partnership is aimed at creating talent for the industry. The course would be a one year comprehensive program in travel and tourism including four … Read more Aptech – Avalon Diploma Program in Travel and Tourism

The Ruias owned Essar Oil intends to ramp up its retail fuel network to 1,500 fuel stations in current fiscal from its present 1,244 outlets. On an average, company plans to set up 15-20 outlets every month in order to cross the 1,500 mark. The plan is part of company’s layout to set up 2,500 … Read more Essar Oil to ramp up retail fuel network to 1,500 fuel stations in FY’10

Future Generali India has floated three different plans – Silver, Gold and Platinum to enhance protection covers for motor vehicles. These plans offer enhanced protection covers, seek to fill the gap in insurance protection in the existing standard motor insurance covers. Presently, under the standard motor insurance policy, in the event of a loss the … Read more Future Generali – Silver + Gold + Platinum Motor vehicles policy plans

Godrej group has received the market regulators (Securities and Exchange Board of India) nod for an initial public offer (IPO) of its real estate unit, Godrej Properties. The company may accumulate around Rs 450-600 crore through the issue while offering close to 10% stake. ICICI Bank and Kotak Mahindra Capital are managing the issue for … Read more Godrej Properties IPO gets SEBI Nod

Fast tracking the process of disinvestment in public sector enterprises, the government has initiated talks with the Department of Telecommunications (DoT) for disinvestment in BSNL and Telecommunications Consultants India (TCIL) in the current fiscal. Finance secretary Ashok Chawla had reportedly held a meeting with various ministries over disinvestment in certain companies and also about IPOs … Read more Govt starts discussing BSNL IPO with DoT Employees Union