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Ganga Acrowools launching
Jumbo hand knitting yarns

Excelsior Correspondent

JAMMU, Sept 8: Ludhiana based Ganga Acrowools Limited- leading manufacturers of worsted acrylic and blended yarns, already...more

National Garage launches
new version of "Tata Vista"

Excelsior Correspondent

JAMMU, Sept 8: National Garage today launched the new version of its premium hatchback, the "Tata Vista" in the city of temples..more

Silver futures up on global cues

NEW DELHI, Sept 8: Silver prices rose by 0.67 per cent to Rs 64,795 per kg in futures trade today on emergence of buying by traders at existing lower levels amid firming global trend.....more

Gold futures recover on global cues

NEW DELHI, Sept 8: Gold prices recovered by 1.35 per cent to Rs 27,549 per 10 grams in futures trade today as speculators created fresh positions at existing .....more

Herbal care product for
leucoderma launched

Excelsior Correspondent

New delhi, Sept 8: Lukoskin, a herbal product for Leucoderma developed by DRDO, was launched by Dr. W. Selvamurthy, Distinguished Scientist and Chief Controller...more

Rajmah chitra up in retailers demand

NEW DELHI, Sept 8: In restricted buying activity, rajmah chitra traded higher by up to Rs 100 per quintal in the wholesale pulses market today on pick up in retailers demand.However, other pulses moved in a narrow range on alternate bouts of trading and settled around previous ....more

High density polymer up in thin trade

NEW DELHI, Sept 8: In thin trading, high density polymer traded higher by a rupee per kg on the local plastic market today on scattered industrial demand.Traders said scattered industrial .....more

Land Acquisition Bill
to affect mining, metal
and infra firms

NEW DELHI, Sept 8: The proposed Land Acquisition Bill is likely to sharply inflate business costs for companies from the ....more

Wholesale onion prices down by 11% after export curbs imposed..

Copper, zinc weaken on weak global trend....

PC sales to be slow at 3.8 per cent growth in 2011: Gartner...

Coming soon: A stem cell jab to repair broken heart!...

 

Ganga Acrowools launching Jumbo hand knitting yarns

Excelsior Correspondent

JAMMU, Sept 8: Ludhiana based Ganga Acrowools Limited- leading manufacturers of worsted acrylic and blended yarns, already largest exporter of hand knitting yarn from India is now entering with innovative knotless range of hand knitting yarn in Jumbo (300 gram and 200 gram balls).

Providing details, Dr Ravinder Verma, Managing Director of the company, informed that spinning has been a family business for the last 60 years from the time of his father,when he set up Sohana Woolen Mills, therefore Ganga Acrowools Limited was like a home coming back to its roots from where it started with vast experience of Indian hand knitting market from past and with international expertise, company will follow its motto of experience, expertise and innovation.

Company has appointed agents Rajiv Jain and Sanjiv Jain for Northern Zone. Heading the hand knitting business the president of the company, Amit Thaper, informed that the company has introduced, for the first time in India, Innovative 200 gram and 300 gram big balls called as Grande and Jumbo balls in unique packing, with out any knot.

Amit Thaper informed that the company had Oekotex Certificate and its products were tested and approved for Class 1 use (use in baby articles), which was necessary to export hand knitting yarn to Europe.

Dr Ravinder informed that he had always aspired to be one of the leading brands of hand knitting yarn and after fulfilling his goal in the international market, Indian market was the next for him to explore.

National Garage launches new version of "Tata Vista"

Excelsior Correspondent

JAMMU, Sept 8: National Garage today launched the new version of its premium hatchback, the "Tata Vista" in the city of temples.

"Tata Vista" delivers a Sedan like experience, with its powerful engine options, stunning new look, state-of-the-art features and segment leading interior space which has always been its signature.

The new "Tata Vista" was unfurled by CK Arun, Product Manager of the car segment and Dhanajay Wangikar, Area Manager while Chander Kishore Gulati, Managing Director and Sandeep Gulati, Director of National Garages, were also present.

While speaking, Sandeep Gulati, said that "Tata Vista" comes with a new front chrome grill, complemented with a new triple barrelled head lamp. He said that the car has generous chrome package on the exterior, sporty, new alloy wheels and a new signature colour, summer sparkle. He said a mirror polished garnish below the rear windshields adds to the distinctiveness of the exteriors. The interior with soft feel dash board and door pads, too match the experience of a new Sedan. The 4-spoke steering wheel now supports audio control, which controls a fully integrated 2-din music system. It offers connectivity vis USB, auxiliary input and bluetooth using the Blue 5 technology that helps pair upto five mobile phones. Outer rear view mirrors can be adjudged electrically using the joystick on the drivers side door pad and electrically operated HVAC controls add to the style and convenience.

Besides it allows adjustable driving positions with tilt-adjustable steering wheels and height adjustable driver's seat with lumbar support. In the rear, 60:40 flip and fold rear seat makes room for luggage.

The car is powered by the internationally acclaimed 1.3 litre common rail direct injection Quadrajet diesel engine and 1.4 litre MPFi Safire petrol engine with variable value timing technology. The new "Tata Vista" delivers a mileage of 22.3 kmpl for diesel and 16.7 kmpl for petrol.

The new "Tata Vista", despite its premium features, has been competitively priced starting from Rs 3.97 lakh for the Safire petrol engine range and from Rs 4.90 lakh for the Quadrajet diesel range.

Silver futures up on global cues

NEW DELHI, Sept 8: Silver prices rose by 0.67 per cent to Rs 64,795 per kg in futures trade today on emergence of buying by traders at existing lower levels amid firming global trend.

At the Multi Commodity Exchange, silver for delivery in December month rose by Rs 429, or 0.67 per cent to Rs 64,795 per kg in business turnover of 64,366 lots.

Likewise, the metal for delivery in March contract gained Rs 433, or 0.66 per cent to Rs 66,170 per kg in 384 lots.

Market analysts said besides, firming global trend, fresh buying by traders at existing lower level mainly pushed up silver prices at futures trade.

Meanwhile, silver rose by 0.4 per cent to USD 41.74 an ounce in London. (PTI)

Gold futures recover on global cues

NEW DELHI, Sept 8: Gold prices recovered by 1.35 per cent to Rs 27,549 per 10 grams in futures trade today as speculators created fresh positions at existing lower levels, triggered by a rebound in global markets.

At the Multi Commodity Exchange, gold for delivery in October month recovered by Rs 367, or 1.35 per cent to Rs 27,549 per 10 grams in business turnover of 26,824 lots.

Similarly, the metal for delivery in December contract moved up by Rs 369, or 1.34 per cent to Rs 27,822 per 10 grams in 1186 lots.

Market analysts attributed the rise in gold futures to recovery move in global markets.

Meanwhile, gold gained USD 19.18 to USD 1,836.65 an ounce in London. (PTI)

Herbal care product for leucoderma launched

Excelsior Correspondent

New delhi, Sept 8: Lukoskin, a herbal product for Leucoderma developed by DRDO, was launched by Dr. W. Selvamurthy, Distinguished Scientist and Chief Controller Research & Development (Life Science & International Cooperation) in New Delhi.

The product will be a boon for the patients of Leucoderma and is backed by extensive R&D work by the scientists of Defence Institute of Bio-Energy Research (DIBER) (formerly Defence Agricultural Research Laboratory), Haldwani. DIBER, a DRDO laboratory has carried out extensive work in the area of medicinal plant and is also engaged in R&D in generating bio-energy solutions for energy security.

The product, Lukoskin, was developed under the leadership of Dr Narender Kumar, Ex Director DARL and his team. Special efforts in the development of this herbal product were made by Dr. P.S. Rawat, ex Head, Herbal Medicine Division and Dr. H.K. Pandey, Scientist presently heading Phyto-Chemistry Division at Pithoragarh.

The herbal product will be available in the form of ointment and oral liquid. Dr. Zakwan Ahmed, Director - DIBER, Haldwani and Dr G Ilavazhagan, Director - Life Sciences have pursued the case to bring the product into the market and render much needed service to mankind.

This herbal product would be a new hope and boon to the vitiligo affected person. Under the leadership and guidance of Dr. W. Selvamurthy, the 'Transfer of Technology' has been granted to the AIMIL Pharmaceuticals (India) Ltd., New Delhi to manufacture and market this research product based on their technological and marketing credentials.

Leucoderma or vitiligo is an idiopathic acquired disorder of skin. Patients with vitiligo develop white spots in the skin with varying size and location. The world wide incidence of leucoderma has been reported 1-2%. In India, its incidence is around 4-5% in some parts of Rajasthan and Gujarat it is very high more than 5-8%. This skin disorder is considered as social stigma in our country and people confuse it with leprosy.

Rajmah chitra up in retailers demand

NEW DELHI, Sept 8: In restricted buying activity, rajmah chitra traded higher by up to Rs 100 per quintal in the wholesale pulses market today on pick up in retailers demand.

However, other pulses moved in a narrow range on alternate bouts of trading and settled around previous levels.

Marketmen said pick up in retailers demand against tight supply mainly helped rajmah chitra prices to move up.

In the national capital, rajmah chitra moved up to Rs 4350-5200 against last close of Rs 4300-5100 per quintal.

Following are today’s quotations per quintal:

Urad 3,900-4,300, Urad chilka (local) 4,800-5,200, best 5,300-5,800, Dhoya 5,100-5,200, Moong 3,750-4,750, Dal moong chilka local 4,900-5,300, Moong Dhoya local 5,300-5,400 and best quality 6,000-6,200.

Masoor small 2,750-3,050, bold 2,900-3,150, Dal Masoor local 3,450-3,550, best quality 3,600-3,900, Malka local 3,350-3,400, best 3,500-3,600, Moth 2,100-2,500, Arhar 3,100-3,600, dal arhar dara 4,500-4,900.

Gram 3,250-3300, gram dal(local) 3,700-3,800, best quality 3,900-4,000, besan (35 kg) Shakti bhog 1,500, Rajdhani 1,500, Rajmah chitra 4350-5,200, kabli gram small 6,000-8,400, dabra 2,700-2,800, imported 4,700-5,100, lobia 4,500-5,000, peas white 2,425-2,450 and green 2,550-2,650. (PTI)

High density polymer up in thin trade

NEW DELHI, Sept 8: In thin trading, high density polymer traded higher by a rupee per kg on the local plastic market today on scattered industrial demand.

Traders said scattered industrial demand led to rise in high density polymer prices.

High Density (HD) moulding (deshi) traded higher by rupee one to Rs 87 per kg.

Following were quotations in Rs per kg:

LD No 40 - 101.00, LD No 400 - 101.50 LLDP blowing 86, colour 75 HD Blowing 74, HD moulding (deshi) 87, PP No 100 - 82, PP Colour 103, ABS (Indian) 100, acrylic 110-120 colour 120-125, crystal (Indian) 70, colour 82, poly carbonate 170-178, Nylon No-6 206-216, Nylon No 66 - 240-250, PVC resin deshi 58, PVC pest grade 90. (PTI)

Land Acquisition Bill to affect mining, metal and infra firms

NEW DELHI, Sept 8: The proposed Land Acquisition Bill is likely to sharply inflate business costs for companies from the mining, metal and infrastructure sectors, a report by investment banking and institutional brokerage firm Religare Capital has said.

At the same time, the Bill might speed up land acquisition for companies by reducing the number of hurdles and disputes in the process, it added.

The report has named Tata Steel, JSW, Jindal Steel & Power and Sterlite Energy among the companies that could witness cost over-runs on various projects due to higher land acquisition prices.

The Bill was cleared by Cabinet earlier this week and was scheduled to be introduced in Parliament today.

Religare said that "the Bill, prima facie, is expected to increase the cost of land acquisition for the Railways, National Highways Authority of India (NHAI), mining, airport and metal projects, even as it is expected to speed up land acquisition due to better compensation and lesser disputes."

Some of the projects being undertaken by JSW in Bengal and Jharkhand may see cost over-runs, Religare Capital said in a research note.

An upward revision in project costs is also likely to be seen at Jindal Steel and Power’s Jharkhand project, Tata Steel’s Odisha project and Sterlite Energy’s Jharsuguda project, where land acquisition is still going on, Religare Capital added.

However, a large part of the land acquisition for these greenfield projects is complete, the report added.

In the case of the Railways, there can be delays and an increase in the cost of projects like dedicated freight corridors, while the cost of future airports may also go up. The higher cost of land would also have a negative impact on the ports sector.

With respect to roads, land acquisition is mainly done by the NHAI at its own cost. Hence, while the overall cost of development will move up, the returns of private sector entities developing the roads will remain the same.

In the case of mining companies, the government allots them mining concessions/blocks and then the land is either leased out by the government or the mining companies need to acquire it, which may mean a higher cost of land acquisition.

Meanwhile, apex real estate body CREDAI had said the proposed Act would make land costlier by up to 80 per cent, adversely affecting housing development in the country. (PTI)

Wholesale onion prices down by 11% after export curbs imposed

NASIK, Sept 8: Onion prices at the Lasalgaon mandi in Maharashtra, Asia’s biggest market for the kitchen staple, declined by over 11 per cent to Rs 1,000 per quintal today, a day after the government announced a sharp increase in the minimum export price (MEP) for the commodity.

"The wholesale price of onions at Lasalgaon and the Pimpalgaon and Manmad mandis in Maharashtra fell due to a hike in the MEP," R C Gupta, Director of the National Horticultural Research and Development Foundation (NHRDF), which monitors onion cultivation, told.

Exporters are not making purchases in the wholesale market because of the higher MEP. The supply of onions is sufficient to meet domestic demand, he said.

Presently, onion stocks—the bulk of which are stored in Maharashtra—are sold across the country as the fresh crop is expected to arrive from next month.

On retail prices, Gupta said, "The impact on retail prices would depend on traders, on whom the government has no control."

At Lasalgaon, the wholesale price of onions declined to Rs 1,000 per quintal today from Rs 1,125 per quintal yesterday, he said.

Similarly, onion prices at Pimpalgaon and Manmad fell today to Rs 900 and Rs 951 per quintal, respectively, from 1,070 per quintal yesterday , he added.

Yesterday, the government had raised the MEP of onions by USD 175 per tonne to USD 475 per tonne to discourage exports and check rising domestic prices of the kitchen staple.

Retail prices of onions have gone up by Rs 10 per kg in the last one-and-a-half months and they are being sold at Rs 25 per kg in the national capital.

Onion production in 2011-12 is estimated at 151.36 lakh tonnes, which will be higher than the last year’s production of 145.62 lakh tonnes. Onions are grown in three seasons—kharif (summer), late kharif and rabi (winter). (PTI)

Copper, zinc weaken on weak global trend

NEW DELHI, Sept 8: Copper and zinc prices declined by up to Rs 2 per kg on the local non-ferrous metal market today on stockists selling influenced by a weakening global trend.

Trading sentiment turned weak after copper declined in global markets, as the market waits for details of US President Barack Obama’s plans to provide more than USD 300 billion as economic stimulus.

The copper for three-month delivery fell by 0.3 per cent to USD 9,062 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap were down by Rs 2 each to Rs 515, Rs 538 and Rs 500, while zinc ingot shed Rs 1 to Rs 135.50 per kg, respectively.

Following were today’s quotations in Rs per kg:

Tin ingot 836, zinc ingot 135.50, nickel plate (4x4) 1,075-1,077, gun metal scrap 226 bell metal scrap 228, copper wire scrap Rs 515, copper wire bar 538, copper mixed scrap 500, utensil scrap 224, chadripital 175.

Lead ingot 143, lead imported 148, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109. (PTI)

PC sales to be slow at 3.8 per cent growth in 2011: Gartner

BANGALORE, Sept 8: Worldwide PC sales growth is estimated to be 352 million units this year, just 3.8 per cent increase from 2010 and much lower than the earlier projection, according to IT research and advisory firm Gartner Inc.

PC shipments by the end of 2012 are expected to reach 404 million units, 10.9 per cent increase from 2011, Gartner said in a statement on its latest preliminary forecast.

PC sales growth for both 2011 and 2012 has been reduced from earlier projections, which were 9.3 per cent for 2011 and 12.8 per cent growth for 2012.

The lower outlook is largely due to sharply downgraded forecasts for the Western Europe and the US in the second half of the year, Gartner said.

The lower outlook for 2012 is the result of weak 2011, and also a slower start seen for 2012. It said better growth is expected in the second half of next year as economies stabilise and new mobile PC form factors enter the market.

Even so, the slowdown in the market is notable: Total unit shipments in 2012 are expected to barely reach 400 million units, which was originally a target for 2011.

"Western Europe is not only struggling through excess PC inventory, but economic upheaval as well," said Ranjit Atwal, research director at Gartner.

"US consumer PC shipments were much weaker than expected in the second quarter, and indications are that back-to-school PC sales are disappointing. An increasing pessimistic economic outlook is causing both consumer and business sentiment to deteriorate in both regions," he said. (PTI)

Coming soon: A stem cell jab to repair broken heart!

LONDON, Sept 8: Coming soon: A single stem cell jab which could mend a broken heart, say scientists.

The scientists say the injection - using stem cells taken from the bone marrow of healthy young adults - could halve the damage suffered in heart attack victims, and may be available to patients within five years.

The product, called Revascor, is about to go into advanced clinical trials. It can be used on any patient and it has the potential to help up to 40 per cent of heart attack victims, the ‘Daily Express’ reported.

In early tests by its developers at Australian company Mesoblast, it cut damage done in severe heart attacks by 50 per cent. Patients given the treatment had 80 per cent fewer subsequent attacks.

The scientists say one stem cell donation could provide millions of cells known as MPCs. These will rejuvenate heart muscle, rushing to the site of the attack and reinforcing the heart. The system means the younger generation is effectively helping save older generation from being blighted by illness.

The process starts by "harvesting" 60 ml of bone marrow fluid from adults who have been screened. Donations take about 30 minutes; the MPC cells are mixed with an anti-body, multiplied in a lab and then frozen in batches.

Injections will be given to patients who get to hospital within 12 hours of suffering an attack as they receive a stent to open their blocked arteries. Each patient will get either 12.5 million or 25 million cells. Because the cells will not be rejected by the body’s auto-immune system they can be used on any patient, say the scientists.

Dr Donna Skerrett, Mesoblast’s chief medical officer, said: "They are there and ready to use off the shelf. The cells are ready to use in 30 minutes and are injected via a catheter. The cells rejuvenate the heart muscle, reduce scarring and increase blood flow."

Research cardiologist Professor Eric Duckers added: "The pre-clinical trials were very compelling. This has the potential to greatly improve the quality of life for patients suffering acute attacks." (PTI)

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