The revamped Technological Upgradation Fund Scheme (Tufs) has received poor response this year. As a result, the textile ministry is likely to extend the revised Tufs to the &lsquo;blackout period&rsquo;, a top ministry official on Tuesday here said.

Revised Tufs may apply to Jun '10-Apr '11 period too

Business Standard

Trades between FIIs generated a volume of Rs 37 crore on the BSE Tuesday-an increase of 31.90% from Rs 28 crore clocked on Friday. As many as five stocks witnessed trades of 8.63 lakh shares on Tuesday.

FII-TO-FII: Grasim Ind traded at 7% premium

The Aditya Birla Group company, Idea Cellular, on Tuesday filed a clarificatory application in the Supreme Court, over the cancellation of its telecom licences.

Idea moves SC, seeks clarification on licence cancellation

In a yet another salvo against its embittered Indian partner, the Unitech Group, Norway-headquartered Telenor on Tuesday announced it is setting up a new company for its telecom business in India with a 74 per cent stake, which will participate in the upcoming 2G spectrum auction. It also plans to go to the Foreign Investment Promotion Board for necessary permissions.

Telenor to set up new company for India business

Dairy and dairy products manufacturer Hatsun Agro Product Ltd will roll out a new brand, Ibaco, to sell ice-cream in scoops through exclusive premium outlets. &ldquo;We expect to have 70 outlets for Ibaco in Tamil Nadu by March 31, 2012. We are entering into a segment where there is no competition, in the premium segment,&rdquo; said Prasanna Venkatesh, head &ndash; marketing, Hatsun Agro Product Ltd.

Hatsun Agro to launch new brand for ice-creams

As a liquidity crunch continues in the banking system, the Reserve Bank of India (RBI) has said it will consider infusing liquidity by further reducing the cash reserve ratio (CRR) to help banks tide over the deficit.

RBI open to another CRR cut, says Gokarn

The Bombay Stock Exchange will launch BSE Greenex, a new index, on Wednesday. The index will track environment-friendly companies, based on a methodology provided by the Indian Institute of Management (IIM) Ahmedabad, say people familiar with the development. The index will track companies having minimum carbon footprint. It will also launch guidelines for investors to help them understand the relationship between the amount of carbon footprints of each company and the respective short-term and long-term impact on its investment and returns. At present, BSE has 13 sectoral indices tracking key sectors including banks, real estate, metal, power, and so on.

BSE on a green drive, to launch Greenex today

The industry in Uttar Pradesh has suggested an amnesty scheme for unaccounted/black money stashed in foreign banks.

UP industry suggests amnesty for black money

After much ado, the Bombay Stock Exchange (BSE) will kick-start its small and medium enterprises (SME) segment with the Rs 8.5-crore initial public offer (IPO) of a non-banking finance company (NBFC), BCB Finance. The IPO, which will open for subscription on February 23, will be the first issue to be traded on the segment in March.

BSE's SME exchange to witness first public issue

The Central Bureau of Investigation (CBI) has pasted summons outside the houses of the Ruias and the&nbsp;Khaitans, two parties accused of complicity in the 2G spectrum scandal.

2G trial: Summons pasted at Ruia, Khaitan homes

Excessive availability of sugar this year is unlikely to deter Indian exporters to intensify supplies to global markets and increase realisation this year. Reeling under severe financial stress, Indian sugar companies are looking for opportunities for higher realisation from overseas markets with permission from the local government.

Global surplus to restrict India's sugar export potential

Consumer Price Index (CPI)-based inflation, announced for the first time on Tuesday, stood at 7.65 per cent in January year on year.

CPI-based inflation debuts price rise blues for cities

Salary increases in India are projected to be 11.9 per cent in 2012, according to global human resource consulting and outsourcing company Aon Hewitt.

India Inc salary to increase by 11.9% in 2012, says Aon Hewitt survey

Foreign banks may soon have to bring their targets for lending to the priority sector on a par with the targets of domestic banks. The M V Nair Committee, constituted for re-examining and suggesting revised guidelines for priority sector lending, has said it is time the differential treatment between foreign and domestic lenders on priority sector lending is brought to an end.

Foreign banks must raise targets: Panel

Sridhar Seshadri, the former Head of online sales and operation at Google India, has joined an e-commerce company Hushbabies.com. The Coimbatore-based start-up is a specialised player in the baby care e-commerce segment and provides shopping source for parents and parents to be.

Ex-Google exec joins e-commerce start-up

The Union Government would review progress of the infrastructure development works in the Naxal-infested pockets of the country on Wednesday.

Centre to review development work  in Naxal pockets of Chhattisgarh

Over half the contractual period of six years lapsed, the project to remodel, manage and maintain Mysore&rsquo;s water supply system by JUSCO continues in run in troubled waters.

BS Reporter