Business News

MRPL sells jet fuel, first since Jan '07 Posted: 08 Sep 2008 02:03 AM CDT NEW DELHI (Reuters) - State-run refiner Mangalore Refinery and Petrochemicals Ltd has sold a 36,000 tonne jet fuel cargo, its first since January 2007, a trade source said on Monday.

Vishal Retail to raise 2 bln rupees by Nov - CMD Posted: 08 Sep 2008 01:39 AM CDT NEW DELHI (Reuters) - Discount retailer Vishal Retail Ltd will raise 2 billion rupees by November to fund expansion plans, a top official said on Monday, without disclosing details.

GLOBAL MARKETS - Fannie, Freddie bailout whets hunger for risk Posted: 08 Sep 2008 01:37 AM CDT By Kevin Plumberg

Tata Motors shares rally after protest called off Posted: 08 Sep 2008 01:22 AM CDT MUMBAI (Reuters) - Shares in Tata Motors Ltd jumped nearly 7 percent on Monday after farmers who had blocked work at a plant to build the low-cost Nano car called off their protest, raising hopes the car will launch as planned.

Sensex rallies 4 pct; banks, energy gain Posted: 08 Sep 2008 01:12 AM CDT NEW DELHI (Reuters) The BSE Sensex rallied more than 4 percent on Monday after a global atomic cartel lifted a ban on nuclear trade, raising hopes for large foreign investment in the in the energy-hungry nation.

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