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Markets end flat for second day in a row
Dalal Street ended virtually unchanged for the second day in a row after paring early morning gains. The Sensex added 16 points to close at 17,186 and the Nifty ended eight points up at 5,132. The BSE mid-cap ended 25 points higher at 6,613 and the small-cap strengthened by 71 points to 7,822.

Sahara Prime holds talks to raise $214 mn
Sahara Prime City Ltd, the company planning India’s second-largest real estate initial public offering in more than two years, is in talks to raise as much as Rs 1,000 crore ($214 million) from private equity investors.

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HPCL-Mittal pays Rs 60 crore to insure its under-construction refinery
HPCL-Mittal Energy Limited (HMEL) has paid Rs 60 crore to insure its planned refinery in Bathinda in Punjab against risks during the construction phase.
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Fuel-efficiency norms for auto by 2011: Ramesh

The Government is in the final stage of notifying the fuel efficiency standards for automobile sector in the country which will be enforced from 2011, Environment Minister Jairam Ramesh said today. - Re-look at motor vehicles act to boost road safety - Apple leaves US Chamber of Commerce over climate clash - Govt forms panel to review Motor Vehicles Act - M J Antony: Heart in the wrong place">M J Antony: Heart in the wrong place - M J Antony: Defeat in victory">M J Antony: Defeat in victory - India"s greenhouse emissions are among lowest: Krishna "We are right now engaged in finalising administrative formalities on how these standards has to be notified either through the Energy Conservation Act or the Motor Vehicles Act," Ramesh said at the inaugural session of the two-day 4th Environment Friendly Vehicles (EFV) conference here. He said there are no two views that "we should move to a mandatory fuel efficiency standards regime by 2011" as the transport sector contributes about 15 to 20 per cent of the total greenhouse gas (GHG) emissions in India. How it should be done is being debated within the government, he said. At present, transport sector is placed at number three after the power and agriculture sector as far as the national emissions are concerned. "But the rate at which the automobile sector is growing, our own estimations are that by the year 2030 it could account close to 25 per cent of our GHG emissions. Hence, not only because of the air pollution point of view but also from the climate change point of view, environment-friendly transportation assume special importance," Ramesh added. Ramesh said by 2011, it will be mandatory for automobile manufacturers to sell vehicles with energy-efficiency tags, adding the information on the labels will have to be certified by the Bureau of Energy Efficiency (BEE).


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