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| Opening of trade routes may boost economy of region: CCI Excelsior Correspondent JAMMU, Oct 7: Chamber of Commerce and Industry, Jammu has urged upon the Union .........more Angolan
team visit Surat SURAT, Oct 7: A 10-member business delegation from Angola, world's sixth largest diamond producing country.......more US FDA
clears J&J drug WASHINGTON, Oct 7: A schizophrenia drug won US approval as the first medicine to treat symptoms of autism in children and adolescents, the Food ........more RITES bags
US $ 59 CHENNAI, Oct 7: The Rail India Technical and Economic Services (RITES) has bagged export orders worth more than 59 .....more |
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Sagar Apollo Hospital plans on investments in Bahrain DUBAI, Oct 7: The Bangalore-based education and healthcare group Sagar Apollo Hospital is planning to make substantial investments in Bahrain.........more Precision
Techserve CHENNAI, Oct 7: Precision Techserve Private Limited, a part of US dollars 35 million Precision Group, has launched its Remote Infrastructure ...........more Mill
delivery sugar eases NEW DELHI, Oct 7: Mill delivery sugar prices eased on the wholesale sugar market today due to reduced offtake by retailers and ended a shade lower.......more Gur rules
steady in Delhi; NEW DELHI, Oct 7: A steady to firm trend was developed on the wholesale gur (jaggery) market today as gur prices remained flat in Delhi in limited deals............more |
Opening of trade routes may boost economy of region: CCI Excelsior Correspondent JAMMU, Oct 7: Chamber of Commerce and Industry, Jammu has urged upon the Union Government to open Jammu-Sialkot and Nowshera-Mirpur (PoK) roads and said that with the new trade route linkage, the economic prosperity of the region will get a boost. Addressing a press conference here today, president of Chamber of Commerce and Industry, Ram Sahai said that in the present scenario both the Governments of India and Pakistan are engaged in dialogue for the normalization of relations by way of creating mutual trust and congenial atmosphere for people to people contact. "Although some hiccups are faced in view of certain incidents of sabotaging the peace process, yet the process of dialogue can be put back to rails with mutual trust. Chamber is of the firm opinion that once the trade starts between the two countries the people to people contact and relations will further be strengthened," Mr Sahai added. Referring to proposed trade activities, Mr Sahai said that with the suggestion of Jammu Chamber committee and Kashmir Chambers, about 1078 tradeable items between India and Pakistan have been identified and some of them are medicines, Rajmash, species, Basmati rice, Anardana handicraft items, fresh fruits, shawls, carpets, Namda-Gabba, Kesar, Haldi, cement, steel bars/ saria, paints, walnuts, automobile parts, tea, mutton, electronic items, power transformers, PVC pipes, willow clefts etc. He pointed out that during the meeting of a delegation of Chamber members from J&K with their counterparts in Islamabad, Lahore and Karachi, they had shown keen interest to start trade between the two countries for economic prosperity of the people on both sides. Even discussions were also held with Chamber members of Muzaffarabad in PoK. He said J&K Chamber of Traders and Manufacturing Cooperative Ltd has formed a coordinated group to jointly take up the issues of common trade between two parts for opening trade routes and a representation has been sent to the Prime Minister in this regard. Rajinder Motial (Secy Gen) also spoke on the occasion. |
Angolan team visit Surat to
explore SURAT, Oct 7: A 10-member business delegation from Angola, world's sixth largest diamond producing country, visited the India's diamond city Surat, and interacted with diamond traders here, with a view to explore business partnerships. The team led by Manuel Arnaldo de Sousa Calado, chairman of Empresa de Diamantes de Angola, a state owned diamond mine company at Angola, met important diamond traders and industry people and participated in a meeting organised by Southern Gujarat Chamber of Commerce and Industry(SGCCI). The meeting discussed possibilities of getting raw diamonds directly from the mines of Angola, sources said. The Angolan team also invited businessmen from Surat to invest in infrastructure in their country, yesterday, sources added. According to some estimates Angola contributes 4.5 percent of the world's total rough diamond production and is keen on having good business relations with the Surat diamond polishing industry. (UNI) |
US FDA clears J&J drug for autism symptoms WASHINGTON, Oct 7: A schizophrenia drug won US approval as the first medicine to treat symptoms of autism in children and adolescents, the Food and Drug Administration said. The FDA said Johnson & Johnson's Risperdal could be used to treat irritability, including aggression, deliberate self-injury and temper tantrums. Autism is a term used to describe a broad range of symptoms, from repetitive behaviors to trouble with language and sometimes mental retardation. Risperdal is already Johnson & Johnson's biggest-selling product, with 2005 global sales of about 3.5 billion dollars. The FDA said it based the new approval on two eight-week studies in 156 autistic patients ages 5 to 16 who took Risperdal or a placebo. Ninety-per cent of them were between the ages of 5 to 12. Patients treated with Risperdal had improved scores on two scales measuring behavioral symptoms, the FDA said. The Centers for Disease Control and Prevention estimated in May that autism affected up to one in every 175 children. That would mean at least 300,000 US school children have autism. Johnson & Johnson said Risperdal does not treat core autism symptoms such as communication problems and trouble with social interactions, but ''it has been shown to be beneficial in treating the associated behavioral disturbances that can interfere with school, learning and family life.'' Risperdal, an oral drug, has been sold since 1993 for the short-term treatment of adults with schizophrenia. It was approved in 2003 for short-term treatment of adults with bipolar mania. The most common side effects include drowsiness, constipation, fatigue and weight gain. (AGENCIES) |
RITES bags US $ 59 million order
for CHENNAI, Oct 7: The Rail India Technical and Economic Services (RITES) has bagged export orders worth more than 59 million US Dollars for supplying rail coaches and other related materials to various countries. Mr R K Rao Member (Mechanial) Railway Board told newsmen after flagging off a batch of 22 coaches to 'M/s CPM Railways' in Angola, Africa from the Integral Coach Factory (ICF) here today that the Board would ensure that many of these orders would be given to ICF. He said RITES was holding discussions with countries like Sri Lanka and Sudan for supplying rail coaches. RITES has also finalised a deal for supply ofrail coaches to Maldives, Myanmar and Senegal. The production for this order would commence shortly, he added. He said the establishment of another rail coach factory at Rae Bareili in Uttar Pradesh was not yet finalised. Efforts would be made to establish the new unit in the next five years, he added. He said it was also proposed to manufacture 100 world class railway coaches on par with international standards. General Manager of ICF Mr Raja Goundan said ICF which started by assembling third class passenger coach shells was now manufacturing more than 230 varieties of railway passenger coaches. He said ICF specialised in design, development and commissioning of Self- Propelled Coaches like Electric Multiple Units, Diesel Electric Multiple Units and luxury tourist coaches like Palace on Wheels and Deccan Odyssey. ICF has so for manufactured 37,000 coaches, he added. (UNI) |
Sagar Apollo Hospital plans on investments in Bahrain DUBAI, Oct 7: The Bangalore-based education and healthcare group Sagar Apollo Hospital is planning to make substantial investments in Bahrain. The group plans to invest 20 million dollars in a joint venture with a local company which it believes can be a potentially profitable partner in Bahrain. ''We hope to import medical equipment and medical consumables from India so as to make the services very cost effective,'' a company official said. It is also looking into the possibility of establishing a medical school in Bahrain, to help students finish their pre-clinical studies in Bahrain and the remaining programme in India. The Sagar Group offers 22 professional programmes in allied health, dental and engineering in India and has been in the field of health care and medical education over the past 45 years. It has established a 300-bed tertiary hospital in Bangalore in association with the Apollo Group, and a second one will be opening shortly, he said. (UNI) |
Precision Techserve launches RIM facility CHENNAI, Oct 7: Precision Techserve Private Limited, a part of US dollars 35 million Precision Group, has launched its Remote Infrastructure Management Services (RIM). The RIM was launched by GE Commercial, Finance-India President and CEO Tejreet Singh Chopra at a function last night. The RIM would ensure that complex IT networkig problems in any part of the globe could be remotely monitored and solved at Precision Techserve's world class facility, Global Competency Center (GCC) in the city. Precision Techserve Founder and CEO P Ramesh said the company had invested around 1.5 million US dollars in creating the 14,000 sq ft, 90-seater GCC, which would act as the nerve centre for the Remote IT Infrastucture Management Service Delivery. About 300 certified professionals would be employed over a period of six months to offer 24x7 support to clients. The GCC was built to exacting global standards for a tier-3 data center. Speaking on the occasion, Mr Chopra exhorted the company and its team of professionals to face the emerging challenges and become the next Infosys or Wipro of the country. "India today stands tall amongst all countries in the world as far as IT and ITES services are concerned. Almost all service done at the international level has shown that this boom is likely to go on for many more years. But to take clear advantages, India has to continuously upgrade its infrastructure so as to be the best in the world", he added. Mr V M Muralidharan, Director and President, Precision Techserve said the GCC's physical security infrastructure included biometric access control, IP surveillance and 24x7 security. (UNI) |
Mill delivery sugar eases on reduced offtake NEW DELHI, Oct 7: Mill delivery sugar prices eased on the wholesale sugar market today due to reduced offtake by retailers and ended a shade lower. Marketmen said reduced offtake by retailers against adequate stocks mainly brought down mill delivery sugar prices. At wholesale market, sugar mill delivery M-30 and S-30 quoted marginally lower at Rs 1745-1895 and Rs 1740-1890 against last closing of Rs 1750-1905 and Rs 1740-1900 a quintal respectively. In the millgate section, Bijnor remained subdued at Rs 1705 a quintal. Following were today's quotations in rupees per quintal. Sugar ready M-30 1890-2050 and S-30 1880-2040. Mill delivery M-30 1745-1895 and S-30 1740-1880. Sugar mill gate prices (excluded duty): Modi Nagar 1800,Bagpat 1775, Daurala 1835, Chandpur 1710, Titabi 1830, Mawana 1830, Simbhawali 1800, Khatauli 1800, Badaiu 1745, Sattha 1770, Ruderavilash 1690, Bijnor 1705 and Amroha 1750 and samali Rs 1790. (PTI) |
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Gur rules steady in Delhi; up in
NEW DELHI, Oct 7: A steady to firm trend was developed on the wholesale gur (jaggery) market today as gur prices remained flat in Delhi in limited deals. While gur in Muzzafar Nagar and Murad Nagar, rose on pick up in demand ahead of festive season. Marketmen said increased buying by stockists in view of festive season against restricted arrival mainly pushed up gur prices in Muzzafar Nagar and Murad Nagar. At Muzzafar Nagar, gur khurpa gained Rs 50 at Rs 1300-1350 a quintal on stockists buying. In Murad Nagar, gur pedi and dhayya prices also quoted higher at Rs 1400-1450 and Rs 1400-1450 a quintal. Following were today's quotations: Chakku 1350-1400, Pedi 1500-1550 and Dhayya 1450-1500 Shakkar 1600-1650 and Khandsari 2100-2200. In Muzzafar Nagar: Raskat 1025-1100, chakku 1150-1250 and Khurpa 1300-1350. In Murad Nagar: Pedi 1400-1450, Dhayya 1400-1450. (PTI) |
Select rates up on cargo movements NEW DELHI, Oct 7: Freight charges for the nine metric tonne pay load section for Southern destinations rose on the local truck transport market today on increased cargo movements following festive season against tight availability of trucks. Elsewhere, rates for other destinations remained flat in some enquiries. Transporters said increased cargo movements following festive season against tight availability of trucks mainly helped southern region freight rates to go up. Delhi to Bangalore, Mysore and Chennai freight rates were quoted higher at Rs 32,000, Rs 36,000 and Rs 37,000 respectively. Following were today's freight rates per truck load of nine metric tonne: Ahmedabad 9,500 Hyderabad 19,500 Mumbai 17,500 Vijayawada 24,000 Baroda 11,500 Bangalore 32,000 Pune 18,500 Mysore 36,000 Surat 11,500 Pondicherry 39,000 Kanpur 9,000 Coimbatore 36,000 Kolkata 22,000 Chennai 37,000 Ludhiana 9,000 Kochi 42,000 Chandigarh 7,500 Thiruvananthapuram 44,500 Jaipur 4,000 Goa 21,500 Indore 11,500 Gwalior 7,000 Patna 16,500 Guwahati 41,000 (PTI) |
Select spices strengthen on tight stocks NEW DELHI, Oct 7: Select commodity prices rose in the wholesale kirana market today on tight supplies in the face of increased demand and closed in fresh gain. Traders said tight stocks position amid negligible arrivals from producing centes attributed rise in select spice prices. Black pepper traded higher at Rs 11,800-12,000, Rs 11,700-11,800 per quintal following increased demand from exporters against higher advices from Kochi. Dry ginger (superior quality) prices rose by Rs 500 at Rs 8000-10000 instead of Rs 8000-9500 per quintal. Red chilly prices ruled firm at Rs 3500-8500 as compared with Rs 3100-7800 per quintal due to tight stocks against increased demand. Tamarind prices also increased by Rs 100 to conclude at Rs 1400-1800 per quintal. Following were today’s quotations (in quintal): Ajwain 4,000-6,200 Black pepper common 11,800-12,000 Betelnut (kg) 95-110, cardamom brown (Jhundiwali) 12,500-13,000 and cardamom brown (Kanchicut) 15,000-17,000. Cardamom small (kg): Chitridar 185-295, cardamom (colour robin) 330-345, cardamom bold 370-380, cardamom extra (bold) 445-465 and cloves (kg) 295-340. Chirounji (new) (kg) 240-300 Dry mango 2,600-8,500 Dhania 3,500-6,000 Dry ginger 8,000-10,000 Kalaunji 9,500-10,000 Mace-Red (kg) 500-510 Mace-Yellow (kg) 500-510 Methiseed 2,300-3,500 Makhana (per kg) 115-150 Netmeg 240-250 Poppyseed (KG Turkey) 145 Poppseed (KG MP-RAJ) 170-200 Poppyseed (KG U.P.) 130-140 Red chillies 3,500-8,500 Soya bari pariwar (20 kg) 350-400 Saffron (kg) Irani 29,000-30,000 Saffron (kg) Kashmiri 37,000-43,000 Soanf 8,500-11,500 Turmeric 3,000-4,500 Tamarind 1,400-1,800 Tamarind without seed 3,200-4,500 Tea (kg) 70-120 Watermelon kernel 5,400-5,600 Jeera common 8,600-8,800 Jeera dollar 8,700-8,800 (PTI) Chemicals remain steady in thin trade NEW DELHI, Oct 7: There was no change in the pattern of trading in the wholesale chemical market today with prices moving in a narrow range in scattered enquiries and settled around previous closing. Arrivals and offtake remained at a low ebb and volume of business poor. Traders said negligible enquiries from consuming industries due to tight funds position mainly kept prices unchanged. Following were today's quotations: Ammonia bicarb (25 kg) 325 Ammonium chloride (50 kg) 760-1200, acetic acid (1 kg) 42, boric acid technical (50 kg) 2,850-3,000, borex granular (50 kg) 1400-1500. Caustic soda flake (50 kg) 1,300 citric acid (50 kg) (China) 2,600-2,800 citric acid deshi (50 kg) 2,600-3,000, camphor slab (1 kg) 200-210, camphor powder (1 kg) 175, glycerine (1 kg) 57-59, hexamine (1 kg) 60, hydrogen peroxide (1 kg) 31-32, mercury (34.5 kg) 34,000, menthol bold crystal (per kg) 940, menthol flake (1 kg) 875 nd Mentha oil (1 kg) 715. Paraffin wax (50 kg)Iran 2600-2700 paraffin wax (50 kg)China 3025-3250 paraffin wax (50 kg) indian 3250 press wax (p tonne) 14,000 residue wax (p tonne) 25,000 soda ash (50 kg) (tata) 760 soda ash (50 kg) (dcw) 750 soda ash (50 kg) (gujarat) 750 soda ash (50 kg) (birla) 750 Sodium Nitrite (50 kg) 1450-1500 Sodium silicate (Qtl) 1000-1100 stable bleaching powder (shriram) (25 kg) 350 stable bleaching powder (chambal) 305 stable bleaching powder (modi) 320 tartaric acid france (1 kg) 382 thymol (1 kg) 610 titanium dioxide (ttk) (1 kg) 87 titanium dioxide (k-brand) (1 kg) 85 titanium dioxide (china) (1 kg) 80 titanium dioxide (TR-92) 130 titanium dioxide (rc-822) (1 kg) 130 oxalic acid (pcpl-red) 50 kg 2100 oxalic acid (pcpl-blue)50 kg 1725 Zinc oxide (kg) 71-80 (PTI) |
Select commodities remain firm at pulses market NEW DELHI, Oct 7: Select commodities remained firm on the wholesale pulses market today on persistent buying by stockists and retailers amidst limited arrival and registered further gains. Traders said increased buying by stockists and retailers in the face of tight arrivals mainly pushed up select prices. Urad Rangoon remained in demand and quoted higher at Rs 3700-3725 against last closing of Rs 3650-3660 a quintal. Urad dal chilka and best quality followed suit and strengthened to Rs 4900-5000 and Rs 5200-5300 a quintal respectively. Moong Rajasthan gained Rs 50 at Rs 3250-3425 a quintal on paucity of stocks while Gram and its dal (local) moved up to Rs 3275-3280 and Rs 3775-3800 a quintal on stockists buying. Rajma chitra (Pune) and (China) also posted higher at Rs 4250-4600 and Rs 5050-5150 while its red variety traded up at Rs 3700-3750 a quintal respectively on increased offtake. Kabli gram small went up by Rs 50 at Rs 3650-3750 a quintal.(PTI) |
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