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Locals stall Monnet power plant work
Construction work on the power plant of Monnet Ispat and Energy Limited has come to a grinding halt since July 18 due to the stir of the locals who demanded compensation for land and a proper rehabilitation package.

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Markets remain in negative territory
The markets continue to trade in the negative on the back of weakness in realty, metals and IT pack.

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Wipro Q2 consolidated net up 19% at Rs 1,161 cr
Wipro Limited, backed by increases in price realisation, utilisation and fixed price contracts at its flagship IT services business, posted a 19 per cent increase in its net profit to Rs 1,162 crore for the second quarter ended September 30, 2009 as compared to the corresponding quarter of the previous financial year.
International Business

India, Russia ink agreement on seafood exports

India and Russian Federation has reached a new administrative arrangement on shipping and export of fish and seafood products from India, according to Marine Products Export Development Authority (MPEDA). - Marine exports rise 12.74% in FY09 - Frozen shrimp exports decline 9.7 per cent - Saudi Arabia lifts ban on Indian seafood imports - "Marine exporters must ensure quality" - China threatens to ban import of seafood from India - US sets rates for anti-dumping duty of Indian shrimp, prawns import">US sets rates for anti-dumping duty of Indian shrimp, prawns import The agreement was signed between MPEDA Chairperson Leena Nair on behalf of the Export Inspection Council (EIC) and the Federal Service of Veterinary and Phytosantiary Surveillance of the Russian Federation (FSVPS) Deputy head, N A Vlasov in Moscow on Tuesday. The arrangement, besides defining the terms of export for over 45 Indian fish processing establishments, details the modalities of cooperation in the fields of quarantine and inspections during the export and import of products processed from wild catch and aquaculture, the release said. This would help in ensuring high level of food safety and quality control for shipment of seafood products from India. The Indian team also included Director of the Ministry of Commerce, Shiv Kumar, EIC Joint Director Anand Kishore and Indian embassy"s (in Moscow) First secretary of economics and commerce , Debajyoti Pal, MPEDA sources said.


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