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OIL rejects Sibal's application for early retirement
State-run Oil India (OIL) has rejected the resignation offered by V K Sibal after he was reverted to the company following denial of extension as oil regulator amid reports of alleged favours to corporate houses.

Centre agrees to form Telangana state
Home Minister P Chidambaram has said the process for forming the new state will be initiated.

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Centre may relax jute packaging norms
With uncertainty prevailing over the supply of jute bags due to the indefinite strike of the jute mills in West Bengal, the Centre plans to allow Food Corporation of India (FCI) and the other government procurement agencies to place orders for polymer bags for packaging of food grains.
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Opto Circuits' US arm in supply pact with European firm

Bangalore-based medical diagnostics products maker, Opto Circuits (India) Ltd (OCI) has announced that its wholly-owned US-based subsidiary, Criticare Systems Inc (CSI), has signed a long term supply agreement with a European manufacturer and distributor of medical equipment. Jan cement sales in high double-digit The agreement involves the supply of private label patient monitoring systems by CSI to the European firm as well as cooperation in sales and distribution of anaesthetic gas delivery products in several key markets, both in the United States and Europe. The agreement also seeks to leverage OCI"s manufacturing infrastructure in India for the partner"s non invasive range of products and cooperation in sale and support of such products in the fast growing Indian market, a company press release said.


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