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RIL's Jamnagar refineries to buy Cairn crude
Cairn India, which started pumping crude oil from its Mangala field in Barmer (Rajasthan) this August, has entered into an agreement with Reliance Industries Ltd (RIL) for supplying it to the latter’s Jamnagar refineries. Cairn is likely to supply seven consignments of 200,000 barrels each to RIL during the current financial year, said an informed source. The first consignment will reach Jamnagar by end-November. The company had sold its first cargo of 208,000 barrels to Mangalore Refinery and Petrochemicals last month and it will deliver two more cargoes this month.

Crucial support at 4,950
FII attitude may be key

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Warid buyout to lower Bharti's liquidity, increase risk: S&P
Bharti Airtel"s proposed acquisition of 70 per cent stake in Warid Telecom of Bangladesh may marginally lower the Indian company"s liquidity and increase its business risk, leading rating agency Standard & Poor"s (S&P) said today.
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Maha govt staff call off proposed strike

The government employees in Maharashtra today called off their proposed strike which was sheduled to begin tomorrow, saying the state government has accepted "most of their demands" including payment of HRA as per Sixth Pay panel recommendations from this month. - Govt rules out bailout, promises to address grievances - 22 lakh Maha govt employees to go on strike from Aug 4 - Pvt carriers still booking tickets for Aug 18 - Pranab to talk to Patel on pvt airlines" strike - Hyundai workers end strike after TN govt"s intervention - Transport strike halts life in Kolkata "We are not going ahead with the strike as the government has accepted most of our demands," Maharashtra State Gazetted Officers Mahasangh general secretary G D Kulthe told PTI after talks with Chief Minister Ashok Chavan here. Representatives of the Mahasangh, Maharashtra State Central Employees Organisation, Zilla Parishad employees association and teachers organisations also attended the meeting. The government has agreed to double the travelling allowance with effect from April 1 next year, Kulthe said. Maternity leave for women employees has also been doubled, from the present 90 days to 180 days, he added.


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