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Raja takes on BJP over spectrum distribution
Facing allegations of irregularities in spectrum allotment, Telecom Minister A Raja today hit out at the BJP saying free distribution of radio frequency among operators during the NDA regime may have cost the country over Rs 1.6 lakh crore.

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Mercedes-Benz to launch long-haulage trucks in India
Mercedes-Benz is planning to launch over-dimensional-cargo (ODC) vehicles and long-haulage trucks that can carry up to 240 tonnes in India soon.

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India, EU to resolve bilateral trade differences
With an ambitious target to more than double their bilateral trade to $200 billion in the next four years, India and European Union (EU) today hoped they can resolve differences and reach a free trade agreement within a year.
Corporate

Siemens softens despite bagging contract

Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares. __________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green A consortium of Siemens and parent Siemens AG has won an export order from Ezdab Real Estate QSC, Doha in Qatar for setting up 220/66 kilovolt (KV) and three 66/11 KV substations at Ezdan international housing project in Qatar. The project work involves designing, engineering, installation and commissioning of substations and associated electrical network. The contract value for Siemens is Rs 342 crore and Siemens AG is Rs 61 crore. The project will be commissioned by January 2011.


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