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India to launch Oceansat-2 on Sep 23: ISRO
Indian Space Research Organisation (ISRO) would launch Oceansat-2 satellite, which would help identify potential fishing zones and in coastal zone studies, on September 23 in a mission that would have European flavour.

Two-wheelers, utility segment to prop sales in Q1
Automobile manufacturers are expected to post sequential growth in sales, operating margins and profit in the first quarter of 2009-10, driven by Hero Honda, Maruti Suzuki and Mahindra & Mahindra. But Ashok Leyland and Tata Motors are expected to show poor results in the commercial vehicle segment due to lack of demand. TVS Motors should also be showing a decline in sales on lower motorcycles’ volumes.

News of the day

BPCL posts 62-fold rise in net
State-run Bharat Petroleum Corporation (BPCL) has posted a 62-fold increase in net profit of Rs 3,628 crore during the quarter ended March 2009 against Rs 58.4 crore in the year-ago period. The rise came on the back of higher oil bonds received and over-recovery on sale of fuel products.
Public Company

Maoist hindering land acquisition for Tata steel project: Raman

Chhatisgarh Chief Minister Raman Singh today said Maoists are hindering acquisition of land for Tata Steel"s proposed five million tonne integrated greenfield steel plant in the state. - Capex spending slows in Q2 - Tata Steel completes $546-mn exchange offer for CARS - JSW Steel, state govt script a sunny land takeover story - JSW capacity overtakes Tata Steel"s - JSW Steel: A Japanese connection - Tata Steel kicks off hunt for creative women Singh, who is here to campaign for the BJP for the coming Jharkhand assembly elections, said ultra-left outfits were inciting villagers against parting with their land for the project. Tata Steel requires 1,800 acres for the first phase of the proposed plant, which will be set up in two phases at a cost of Rs 19,000 crore. Singh, however, said at a press conference that the situation had improved and 80 per cent compensation to villagers had been disbursed. He hoped the required land would be acquired soon by the government to facilitate an early start of the project.


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