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Bourses' battle riles brokers
A day after the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) decided to postpone the extended trading time to January 4, brokers said they were appalled by the one-upmanship and lack of coordination between the exchange authorities.

India Eco Summit: Pfizer to launch another product in India
World"s largest drug maker Pfizer today said it is in the process of bringing in synergies in operation with Wyeth, which it acquired in January this year, and will launch one more product by the end of this fiscal.

News of the day

'Delhi, Mumbai airports got over 4 points in service quality'
Government today said the Delhi and Mumbai airports achieved service quality ratings of 4.24 and 4.05 respectively on a scale of five in third quarter of the current fiscal and were aiming at reaching 3.75 at the end of stage II of their development.
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Mamata moots rail coach factory in Singur

Setting up of a rail coach factory in collaboration with the West Bengal government or on the public-private-partnership model at the abandoned Tata Motors’ Nano project site at Singur was today mooted by Railway Minister Mamata Banerjee. - BHEL may have power venture at Nano"s Singur site - Tata Motors resolves compensation issues with vendors - No immediate plan to take Nano abroad: Irani - Car sales jump 34%, bikes up 14% in Oct - Auto: Full steam ahead - SC issues notices to 23 states, 3 UTs on Tata Motors" plea “The Railways are ready to set up a railway coach factory in joint venture with the state government. If the state government gives us 1,000 acre (acquired for the Tata’s Nano car project), we will set up the factory,” Banerjee said. Her proposal came a day after the state government"s initiative to set up a 1,600 MW power plant with public sector Bharat Heavy Electricals Limited at the site in Hooghly district. “Of the 1,000 acre, the coach factory would come up on 600 acre, while the remaining 400 acre will be returned to farmers,” Banerjee, who had agitated for the return of the 400 acre leading to Tata exiting Singur, said. She said land would be the equity of the state government in the project, but in case it was not interested, the Railways could set up the project on the public-private- partnership (PPP) model. She said that the main coach factory could come up at Singur while the ancillary units could be set up at Dankuni.


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