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Farmers threaten to agitate against land acquisition
President of Karnataka Pranta Raitha Sangha Maruti Manapade has threatened that the farmers would launch serious agitation against the state government which is “contemplating acquisition of 200,000 acres of fertile land across the state to set up special economic zones (SEZ)”. He told reporters here he has urged the state government to stop the process immediately.

Govt sets up Task Force to look into MSME sector demands
The government is setting up a high-level Task Force to address the problems of Micro, Small and Medium Enterprises (MSMEs) which have been demanding adequate financing and other incentives to tide over the economic slowdown.

News of the day

T Rowe acquires 26% in UTI AMC, UTI Trustee
Foreign institutional investor T Rowe Price today said it has completed the acquisition of 26 per cent stake in UTI Asset Management Company and UTI Trustee company for Rs 650 crore.
Small Business

Gujarat NRE up on 100% jump in Q3 net

Gujarat NRE Coke ended at Rs 81, stronger by Rs 2 or 2.6%, on the BSE. - Crompton Greaves gains on plans of bonus issue - Sensex extends losing streak - Markets tepid in late-afternoon trades - J Kumar Infra soars on order win - Jaiprakash Power to raise Rs 2,500cr - Shree Renuka Sugars board okays 1:1 bonus issue The stock opened at Rs 77 and touched a high of Rs 82 and a low of Rs 75 during the day. The counter witnessed trades of 15.01 lakh shares on the BSE, as against the two-week daily average trade of 10.18 lakh shares. -------------------------------------------------------------------------------(Updated at 1017am) Gujarat NRE Coke has gained 3% as Q3 net doubles to Rs 26.68 crore. The stock opened at Rs 77 and touched a high of Rs 82.20 - up 7% rom its open. The stock is now trading with a 2.5% gain at Rs 81. Around 5.57 lakh shares have been traded on the BSE so far. The company has informed the BSE through a press release that the net profit has jumped 101% to Rs 26.68 crore for the quarter ended December 2009 from Rs 13.26 crore in the corresponding quarter a year ago. Total income, however, declined 27% to Rs 321.68 crore from Rs 439.32 crore in the same period.


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