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Shree Renuka at new 52-wk high on overseas acquisition
The stock touched a high of Rs 233 and finally settled 4% higher at Rs 228. The counter clocked volumes of 1.93 million shares on the BSE.

Allegation that FBI working on co's case false: Citi
Troubled financial services firm Citigroup has said that any allegation that the Federal Bureau of Investigation (FBI) is working on a case involving breach of the company"s systems resulting in millions of dollars losses is false.

News of the day

Rift between CM, Reddy brothers widens
The rift between Karnataka chief minister B S Yeddyurappa and his mine-owning ministerial colleagues continued as they stepped up their campaign against a new cess imposed on lorries transporting iron ore. Tourism minister G Janardhana Reddy, himself a mine owner in the ore-rich Bellary district, took the lead in holding parleys with like-minded fellow miners since yesterday to mobilise support against the Rs 1,000 cess on each lorry load of iron ore, sources close to them said here. There are 92 licenced owners of mines in the district and about 40 of them have been carrying on mining.
International Business

Wipro settles land deal with West Bengal for second unit

IT giant Wipro today settled the land issue with the West Bengal government for its second unit near Kolkata and would buy 50 acre at Rs 75 crore. - Wipro targets govt contracts abroad - Wipro targets govt contracts abroad - Tech to ride on Volume growth - Symantec, Wipro sign pact to provide new services - Premji Invest close to investing Rs 150 crore in Manipal"s education arm - Wipro looks to reduce its carbon footprints Chairman of Wipro Azim Premji after meeting Chief Minister Buddhadeb Bhattacharjee here, said, "We have settled the land issue with the government." The land price was fixed at Rs 1.5 crore per acre. Both Wipro and Infosys were earlier provided land at West Bengal"s much-touted IT township called Vedic village, but the project was scrapped after it ran into controversy. Later, both Wipro and Infosys were offered alternate land in New Town in Rajarhat near the metropolis but Infosys is yet to respond to the offer. Wipro is already running a BPO and technology centre at Salt Lake sector five. Premji said that work on the project would start in 18 months.


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