Bankex vaults over 5% .................
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Great Offshore 577.............call given at 534 on friday by s and m



by stoxandmore...

The ambitious East-West Corridor project on NH-57 set to connect Gujarat and Assam will be delayed due to the floods. The October 2008 deadline may now be pushed back to well beyond March 2009.

Flood loss

•346 km of NH-106, 107, 30 A, 57 damaged

• 600 km of state highway, major district roads

• 1900 km may require re-construction

• 136 km on NH 106, 100 km on NH 107, 30 km on NH-30A, 30 km on NH-57 among others are badly hit.


-Anubhuti-IE


...

The Bihar Roads Department’s interim report has revealed that over 2,000 km of roads have either been completely washed off or badly damaged and the state will have to cough up about Rs 2,200 crore to repair them. Approximately, 1,900 km of roads would have to be re-constructed. -IE

...

Tata Motors on Monday said it would not resume construction and commissioning work at its small-car plant in Singur, till there was clarity on the outcome of talks between the government and the opposition to end protests against the project.

Tata Motors Ltd is distressed at the limited clarity on the outcome of the discussions between the State Government of West Bengal and the representatives of the agitators in Singur," the company said in a statement.

"In view of the same, Tata Motors is obliged to continue the suspension of construction and commissioning work at the Nano Plant," it added.

The company, which had suspended work at the plant late last month, said that it would review its stated position only after it was "satisfied that the viability of the project is not being impinged, the integral nature of the mother plant and our ancillary units are being maintained."

Tatas said that all the stakeholders were committed to developing a long term congenial environment for smooth operations of the plant in Singur.

On Sunday, Trinamool Congress chief Mamata Banerjee had announced suspension of a two-week long protest near the Tata Motors' small-car plant.

Banerjee, who has been demanding return of a portion of farm land given to Tata Motors, had said that the sit-in protest would be called off following an agreement with the state government during talks mediated by Governor Gopal Krishna Gandhi.

The statement issued by the Governor said that the government would respond to the demands of those farmers who have not received compensation and a committee would be formed to ascertain the scope and settle the modalities within a week.

-Agencies news-IE

...

Tata Motors on Monday said it would not resume construction and commissioning work at its small-car plant in Singur, till there was clarity on the outcome of talks between the government and the opposition to end protests against the project.

Tata Motors Ltd is distressed at the limited clarity on the outcome of the discussions between the State Government of West Bengal and the representatives of the agitators in Singur,\" the company said in a statement.

\"In view of the same, Tata Motors is obliged to continue the suspension of construction and commissioning work at the Nano Plant,\" it added.

The company, which had suspended work at the plant late last month, said that it would review its stated position only after it was \"satisfied that the viability of the project is not being impinged, the integral nature of the mother plant and our ancillary units are being maintained.\"

Tatas said that all the stakeholders were committed to developing a long term congenial environment for smooth operations of the plant in Singur.

On Sunday, Trinamool Congress chief Mamata Banerjee had announced suspension of a two-week long protest near the Tata Motors\' small-car plant.

Banerjee, who has been demanding return of a portion of farm land given to Tata Motors, had said that the sit-in protest would be called off following an agreement with the state government during talks mediated by Governor Gopal Krishna Gandhi.

The statement issued by the Governor said that the government would respond to the demands of those farmers who have not received compensation and a committee would be formed to ascertain the scope and settle the modalities within a week.
-Agencies-IE

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Balrampur Chini, though based in UP, is relatively more integrated and low on debt. The company is focusing on non sugar businesses as a result of which its revenue from them (distilleries, power generation) have gone up from 22.3 per cent in 9 months of FY07 to 29 per cent in 9 months of FY08.

This has also helped it to post better results. The stock trades at 9 times its FY09 estimated earnings. -JKG-bs
...

The ambitious East-West Corridor project on NH-57 set to connect Gujarat and Assam will be delayed due to the floods. The October 2008 deadline may now be pushed back to well beyond March 2009. Flood loss •346 km of NH-106, 107, 30 A, 57 damaged • 600 km of state highway, major district roads • 1900 km may require re-construction • 136 km on NH 106, 100 km on NH 107, 30 km on NH-30A, 30 km on NH-57 among others are badly hit. -Anubhuti-IE ...

Hi zoombusiness see how Walchandnagar industries has ZOOMED today....

Dear Zoombusiness, Thank you very much for considering this, That should be very helpful for traders ....

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Not sure whether KKR will go for this. KKR already has major stake in Aricent Technologies (formerly known as Flextronics Software Systems/Hughes Software). Both are pure telecom software companies and I am not very sure about the synergies between these companies. Will have to wait and watch...

Yes. I do agree with you. somebody told me that UNESCO has approved best national anthem in the world as India's national anthem. I do not know it is true or not. ...

There is one very important point to be understood here, India will have the choice of nominating nuclear reactors under the IAEA guidelines, so it does need to show off all its nuclear facilities. India has the capability and it does not needs at present any testing but still can still undergo future directional changes once it learns nuclear technology for the mankind help. ...