Wednesday July 9, 2008

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RIL, ONGC to resume production 

New Delhi, July 8:
Reliance Industries, BG Group of UK and Oil and Natural Gas Corp have resumed oil and gas production from Panna-Mukta fields off the Mumbai coast after a month long shutdown following an explosion.
 
Sensex ends 176 points lower 

Mumbai July 8:
The Sensex opened with a downward gap of 233 points at 13,293. While the index hit a day's high of 13,452, it could not sustain higher levels.
 
Cox & Kings to buy travel company of Australia 

Mumbai, July 8:
The Kerkar family and Anthony Good-owned Cox & Kings (India), the world's oldest travel firm, is set to lap up Tempo one of Australia's leading outbound travel wholesalers, that would boost...
 
Inflation, high rentals curtail Fabindia's plan  

New Delhi, July 8:
Fabric major Fabindia today said double digit inflation and high rentals have started taking toll on the company's future plan as it has downsized its expansion drive by 75 per cent.
 
Kerala all set to emerge as major economic hub  

Kannur, July 8:
Kerala is all set to witness a quantum leap in economic activities with the Government proposing to have second Special Economic Zone (SEZ) in the state.
 
RBI pushes SHG model for lending to SMEs 

Mumbai July 8:
Reserve Bank of India today asked banks to explore using self help group (SHG) model for lending to over 31 million small and micro units to ensure easy access to funds and ensure low default rates.
 
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