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Building entrepreneurs
Business Standard / New Delhi August 12, 2009, 0:52 IST http://smallpersonalloans.org.uk

Top-10 cos add Rs 39,000 cr to market cap
The country"s top-10 firms added over Rs 39,000 crore to their market capitalisation last week, with Oil and Natural Gas Corporation (ONGC) gaining the most.

News of the day

Punjab to plant 30 mn saplings annually
In order to meet the demand for three million cubic metre of wood annually by approximately 5,000 wood-based industries in the state, Punjab Forest Minister Tikshan Sud has directed the department to work out on every possibility to plant thirty million plants for this purpose in the state.
International Business

Defence pact with Russia to boost defence capability: India

India today voiced confidence that its agreement with Russia on a 10-year military and technical cooperation from 2011 would help enhance the operational capability of its defence forces in the next decade. - UP to start new recruitments to overcome staff crunch - Agri futures fall on low physical demand - Govt may import rice to meet shortfall - Rising Chinese steel capacity a worry for other nations - IIMs may double CAT window next year - Transport bandh hit some CAT students The agreement which was among the three defence pacts signed between India and Russia after the annual summit talks between Prime Minister Manmohan Singh and Russian President Dmitry Medvedev provides for acquisition, licensed production, upgrades and modernisation of defence equipment as well as the development of new and advanced weapon systems. "The agreement would help enhance operational capability of Indian Defence forces in the next decade by providing various Defence equipment systems," Foreign Secretary Nirupama Rao told newsmen wrapping up the prime minister"s talks with the Russian leadership that also included prime minister Vladimir Putin, who as the earlier Russian President sowed the seeds for Russia"s strategic partnership with India. "... (it) will also facilitate capacity development of the Indian Defence Industry," she said. Taking bilateral defence ties to a new high, the agreement on After Sales Support for the Russian Arms and Military equipment supplied to India is being seen by Indian officials as an excercise to facilitate timely and adequate supply of spares and services for maintaining a high level of readiness and integrated maintenance of Russian made military equipment supplied to India.


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