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Comexes given 6 more months for divesting foreign equity
The government today gave a second extension up to March 31, 2010 to commodity exchanges to fall in line with the foreign investment ceiling of 5 per cent for an individual investor within the cap of 49 per cent.

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BSNL revenue arrears stand at Rs 7,483 crore for 2007-08
BSNL’s revenue arrears for 2007-08 have touched Rs 7,482.81 crore, out of which Rs 4,226 crore may or may not materialise, the Rajya Sabha was informed today.

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NIIT, SAP in alliance to offer software education
IT education provider NIIT today said it has entered into a strategic alliance with business software provider SAP India for offering software training programmes in the country.
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KEC Intl wins order worth Rs 550 cr from Algeria, Abu Dhabi

KEC International, a part of the Rs 15,000 crore RPG group has won orders in Algeria and Abu Dhabi worth Rs 474 crore and Rs 76 crore respectively. KEC will undertake five turn key projects worth Rs 474 crore for CEEG spa in Algeria. The total length of these five projects is 858 km and completion period ranges from 12 to 18 months. - Zensar"s growth strategy shrugs off recession - Big back in fashion for retailers - KEC Q2 net jumps two fold to Rs 42 cr; to merge RPG Cables - KEC International bags order worth Rs 470 cr - Spencer in talks with PE firms to raise funds - KEC International bags Rs 780 cr contracts; shares surge 8% KEC will execute a project of modification and reallocation on exiting lines with design and supply of emergency line restoration system for Abu Dhabi Transport Authority. The project is to be completed within 12 months. " In Abu Dhabi, we are diversifying our client base and will perform our first international ERS project", said Ramesh Chandak, MD and CEO, KEC International.


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