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Govt examining economic condition for SCI disinvestment
The government is examining the economic climate for divesting its stake in state-run Shipping Corporation of India (SCI).

Sugar bowl might turn bitter for Congress-NCP
Cane growers from the sugar bowl of Maharashtra are happy this time as the statutory minimum price (SMP) for sugarcane has been hiked to Rs 107.76 per quintal for the upcoming crushing season from Rs 81.18 a year ago. The politicians are happier and the happiest are political big-wigs of the ruling Congress-Nationalist Congress Party (NCP) democratic front as they want to en-cash this “feel-sweet factor” during the state assembly elections scheduled on October 13. However, these sugar barons are also swallowing the bitter pill of intra-party rebellion in this “green-belt” of the state.

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UniverCell plans 700 stores
Chennai-based mobile retail chain, UniverCell, will be opening 700 stores across the country in the next two years. Each outlet will entail an investment of Rs 28 lakh.
Small Business

Dadri setback drags Reliance Power

Reliance Power ended with a loss of 3.3% at Rs 145 on the BSE. A total of 1.55 million shares were traded on the BSE. Jan cement sales in high double-digit _______________________________________________________________________ (Updated at 1056 am) Reliance Power has shed weight after the Allahabad High Court quashed Anil Ambani"s Dadri land acquisition. The stock is trading at Rs 146, lower by Rs 4 or 2.7%, on the BSE. It had opened at Rs 145, and has touched a high of Rs 148 and a low of Rs 143 thus far. Reliance Power was planning to set up the largest gas-fired power project in a single location in the world at Dadri in Uttar Pradesh. The Allahabad High Court quashed the Uttar Pradesh government"s earlier notification allowing the use of emergency powers to buy land for the Dadri power project, side-stepping a provision inviting objections from land owners.


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