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Ashok Leyland to supply 875 ULE buses to DTC this fiscal
Commercial vehicle maker Ashok Leyland has said it would start delivery of the first 50 ultra low entry (ULE) buses to the Delhi Transport Corporation (DTC) soon as part of its Rs 1,190 crore contract to supply 875 buses this fiscal.

More cos should go for listing: Corp Affairs Secy
The government today said that more companies should go for listing as it would help a large number of investors to become partners in the development of the corporate sector.

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StanChart H1 profit before tax jumps 10% to $2.83 bn
Banking major Standard Chartered today reported a 10 per cent rise in profit before tax to $2.83 billion for the first six months of 2009.
Corporate

Maharashtra set to get new govt tomorrow

Maharashtra is set to get a new government tomorrow as Chief Minister Ashok Chavan and his Deputy Chhagan Bhujbal are expected to take oath of office. - Maha govt formation delayed; Cong firm on Home - BoM net up profit 23% - Bank of Maharashtra net up 23% y-o-y - Genes in a twist - First session of Maha Assembly likely from Nov 3 - PSUs must improve their global competitiveness "The Chief Minister and the Deputy Chief Minister will take oath tomorrow," highly placed Congress sources said, adding that the Cabinet formation would take place at a later date. This indicates that the Congress and the NCP which returned to power for the third consecutive term were yet to reach an understanding on the sharing of portfolios. The Congress, which has won 20 seats more than its ally NCP, has been demanding a lion"s share in the government, including key portfolios like Home, Finance and Power. The NCP on the other hand has been insisting on 50 per cent share of the 42 ministries on offer, including key portfolios like Home, Finance and Power, which it has held since 1999 when the two parties first formed government. The delay in government formation had triggered calls by BJP leader Eknath Khadse that the BJP-Shiv Sena opposition alliance will seek imposition of President"s rule in the state if the new government is not in place by November three, when the tenure of the present Assembly expires.


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