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RIL accuses NTPC of going back on draft gas pact
Reliance Industries (RIL) has accused NTPC Chairman and Managing Director R S Sharma of going back on the terms of a draft gas sales and purchase agreement that provided for government approving its bid price of $2.34 per mmBtu.

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FedEx Q4 net loss widens to $876 mn
Leading logistics firm FedEx"s net losses widened to $876 million for the fourth quarter ended May 2009, primarily bogged down by global economic sluggishness and one-time charges.

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Bharati Ship extends gains after ABG exit
Bharati Shipyard finally settled at Rs 178, up 10.5% from the previous close. The counter winessed trades of 1.23 million shares as compared to the two-week daily average traded volumes of 95,067 shares on the BSE.
Small Business

IRB Infra ends up 2% on rise in net profit

The stock ended with a gain of 2% at Rs 136. Around 2.33 million shares were traded today on the BSE. ________________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock has witnessed trades of 311,742 shares on the counter at the BSE so far. According to a release issued by the company to the BSE, the group"s net profit has surged 54% to Rs 175.85 crore for the year ended March 31, 2009 as compared to Rs 113.93 crore in the corresponding year. Total income has increased 30% to Rs 1,021.48 crore from Rs 784.73 crore in the previous year.


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