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Industrial commodity price surge spooks India Inc
Prices of key inputs up 44% to 74%; analysts expect earnings squeeze after a quarter or two.

China Wireless in pact with RCom to sell handsets
Mobile handset maker China Wireless Technologies today forayed into the Indian dual-sim smart-phone market in partnership with Reliance Communications (RCom), aiming to clock Rs 800 crore revenue in the next five years.

News of the day

No pay hike for British queen
Like many, Britain’s queen will also not get a pay hike, at least till elections next year. According to the Daily Express, British Prime Minister Gordon Brown has told the queen, she will have to wait until after the general elections to discuss her bid for a rise in her £7.9 million a year Civil List payment. Brown has decided not to fix a new 10-year deal covering the queen’s costs, fearing that the plea for a huge pay rise over the next 10 years could become an election issue, the report said.
Small Business

IRB Infra emerges lowest bidder for Rs 800 cr NHAI project

IRB Infrastructure Developers today said it has emerged as the lowest bidder for a Rs 800-crore road project of the National Highway Authority of India (NHAI). - HCC consortium bags Rs 835 cr NHAI project - IRB Infra jumps on highway deal - Infra Developers lowest bidder for NHAI project - IRB Infra is lowest bidder for NHAI"s Rs 1,200-cr project - Nath seeks double budgetary allocation for building roads - Sunil Jain: Kaise khilega Kamal?">Sunil Jain: Kaise khilega Kamal? "The company has emerged as the lowest bidder" for the highway project in Maharashtra and "has sought a grant of Rs 216 crore from NHAI," IRB Infrastructure Developers said in a filing to the Bombay Stock Exchange. According to the infrastructure developer, it had submitted its bid with NHAI for developing road on Talegaon - Amravati section of NH 6 of (National Highway). "The project is on grant basis with concession period of 22 years and its estimated cost is Rs 800 crore," it added.


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