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Orient Express Q2 net loss at $24.3 mn
Luxury hotel chain operator Orient Express, in which Indian conglomerate Tata Group holds a significant stake, has reported a net loss of $24.3 million for the second quarter ended June 30, 2009.

Trai asks DoT to refer uniform licence fee to regulator
The Telecom Regulatory Authority of India (Trai) has urged the government to consult it before deciding on a uniform license fee for operators, saying it has implications on the Centre’s revenue, as well as on service providers.

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DoT may prohibit M&As among 3G players
The government is unlikely to allow any merger or acquisitions among the third generation, or 3G, mobile service providers to ensure competition.
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No shortage of onion, prices easing, says minister

India is not facing any shortage in onion supplies and prices of the key vegetable have now started easing, Minister of Commerce and Industry Anand Sharma said in the Lok Sabha today, replying to a member"s query. - Exports from STP units up 15% to Rs 2,07,358 cr - LS okays merger of State Bank of Saurashtra with SBI - India"s share of global FDI inflows doubles at 2.45% in 2008 - Commercial activities of banks cannot be monitored by MPs: FM - Oppn urges govt to safeguard sugarcane growers interest - No CBI probe into Jaipur oil depot fire: Govt Domestic onion output this season is seen at 7.6 million tonnes (MT), same as the previous year, the minister added. Minister of State for Agriculture KV Thomas had told Rajya Sabha Friday that wholesale prices of onion have risen 54.52% over the last one year. Sharma said onions’ domestic prices had risen due to poor rains which had led to lower acreage in key growing states of Gujarat, Andhra Pradesh, Karnataka and Maharshtra.


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