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Thiru Arooran Sugars up 4%
The stock of Thiru Arooran jumped 4 per cent to Rs 165.75, after the government extended by 15 months a deadline for an obligation to export refined sugar against prior raw sugar imports until the March 2011. The move is meant to increase local supplies and rein in prices of the sweetener which rose more than 50 per cent in November 2009 from a year ago due to tight supplies.

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India, China in talks for FTA
A day after Indian Prime Minister Manmohan Singh and Chinese Premier Wen Jiabao smoked the peace pipe, New Delhi today said it was in discussion with Beijing for a free trade agreement aimed at breaking the duty barriers for bilateral trade.

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India can compete with the best in the world: PM
Noting that there was no barrier that "we cannot overcome", Prime Minister Manmohan Singh today said India could compete with the best in the world given the country harness all the talent that exists.
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HCL Tech plans to buy OLR

IT firm HCL Technologies today said it is in talks with Australia-based retail software solutions firm OLR for a possible acquisition. - Mastek Q2 net down 24.8% at Rs 23.54 cr - HCL Tech firms up on amalgamation plans - Patni appoints Derek Kemp as President (EMEA) - HCL Tech, Talisma sign strategic partnership - Markets remain sideways - IT firms to report better dollar numbers in Q3 In a joint statement, HCL said it will continue negotiations for acquiring OLR. The financial details of the proposed deal was not shared. Upon successful completion of negotiations, the new HCL-OLR combined business unit will be dedicated to offer solutions for retailers on database software company Oracle"s technology. The two companies expect to complete the negotiation process in the current quarter, the statement added. OLR and HCL have been working together for more than a year and have jointly delivered significant benefits to retail organisations in areas of merchandising, supply chain and replenishment.


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