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Representatives of leading chambers of commerce and trade bodies have urged the Chennai Port Trust (ChPT) not to give priority berthing to shipping lines that have collected congestion surcharge since August 15, citing delay in turnaround of vessels.


Sundaram Finance has registered a higher net profit of Rs. 90.73 crore for the second quarter ended September 30, 2011 against Rs. 67.53 crore in the corresponding period in the previous year, a rise of 34.35 per cent.
Seeking investments from Qatar in the upcoming petrochemical projects being executed by public sector companies, Petroleum and National Gas Minister Jaipal Reddy on Friday sought additional quantities of crude oil and LNG from Qatar.
Mukesh Ambani, who heads the oil-to-retail conglomerate Reliance Industries Group, has retained his position as the world’s richest Indian with a networth of USD 22.6 billion, as per the Forbes India annual rich list.
Having breached the psychological barrier, food inflation raced ahead to 11.43 per cent for the week ended October 15 from 10.60 per cent in the previous week owing to a relentless surge in prices of vegetables, fruits, milk and protein-rich items.
The Voltech Group, global service provider in testing and commissioning of electrical systems on Monday signed agreement with NanoPV of the U.S., and Rank General Trading and Contracting Company (RGTC) of Kuwait.
EID Parry (India) has reported a higher profit after tax of Rs. 49.48 crore for the quarter ended September 30, 2011, up from Rs.9.94 crore in the same quarter last year.
Japanese stocks rose 1.3 per cent Monday morning as investor sentiment was lifted by rallies on Wall Street and hopes for handling Europe’s debt problems.


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