Stock Watch

The department of telecom (DoT) on Friday reportedly issued a terse communiqué to new telecom company S Tel, a joint venture between Chennai-based Siva Group and Bahrain Telecom (Batelco).

Its withdrawal from the approval orders has resulted in the authorities ordering it to immediately end its mobile services in the circles of Himachal Pradesh, Bihar and Orissa, on account of national security concerns.

The Prime Minister on Friday sheds light on the Government's concern over soaring food prices.

Mr. Manmohan Singh, with a view to placate the opposition and the common man, revealed that he is ready to undertake further steps to control the emerging food price inflation menace, even as he said growth continues to be robust.

Since the CAT results were declared on February 28, and the IIMs shortlisted the aspirants, many candidates and CAT trainers are questioning the methodology by which the result was complied.

The candidates allege inconsistent section-wise marking system employed by the testing & assessment service provider, Prometric, the online test conductor on behalf of the IIMs.

Chief Minister B. S. Yeddyurappa, presenting his fifth budget to the Legislative Assembly and the third in a row of the Government, holds the Finance portfolio, posted that the 2010-11 state Budget has substantially given a boost to the IT capital's infrastructure development, with a 1 per cent increase in value-added tax for all commodities.

The board of state-run telecommunications company Bharat Sanchar Nigam Ltd yesterday disclosed its decision to scrap the much controversial 93 million GSM lines tender for worth over Rs 35,000 crore, and welcome fresh bids, after the Central Vigilance Commission (CVC) discovered irregularities in the original tender.

The obstacles in the project emerged after BSNL disqualified three of the five bidders on technical grounds.

Biotech agriculture giant Monsanto has, for the very first time admitted, that insects have developed resistance to its Bt cotton crop.

Field monitoring in parts of Gujarat has found that the Bt crop has failed to effectively control pink bollworm pest in four Gujarat districts -- Amreli, Bhavnagar, Junagarh and Rajkot.

Essar Group, one of India's biggest conglomerates, is revealed to extend its approval to acquire control of Trinity Coal of the US for $550m-$600m in a deal pointing the return of the country's industrial groups to the global acquisition trail.

Also, it plans to use the coal to service its steel plant and iron ore operations in North America.

Well known industrialist GP Birla died on Friday night at his residence in Kolkata after a brief period of illness at the age of 87. He is survived by his wife Nirmala, son CK Birla and daughter Lekha Poddar.

Also, President Pratibha Patil today offered her condolences to the family of Birla. In a letter to his wife Nirmala Birla, Patil posted that the nation has lost a wonderful personality in the passing away of the 87-year-old industrialist.

Capital market regulator, SEBI, today announced its decision to permit physical delivery in the derivatives segment, however, no time frame has been finalized for this.

"The SEBI Board has decided to allow physical delivery in the derivatives segment. There has been a demand for this for some time now and the Board felt that there was some substance in this," SEBI Chairman, C B Bhave, informed reporters here today.

Minister of State for Communication and Information Technology Sachin Pilot revealed that repeated attempts have been made to hack into the Government's computer network, but till date, there has been no loss of vital information,