Sensex pares gains; Bharti Airtel up 3%

The Indian markets have pared most of their gains and are now trading flat. The Sensex is now at 17,505, down 18 points. The NSE Nifty is at 5,228, down two points. The BSE power and the auto stocks have added 0.5% each.

'A cost-competitive and transparent system will automatically attract customers'

Dilip Kumar Jha / Mumbai October 13, 2009, 0:49 IST

Recession impact: Gulf region is global petrochem hub

The global petrochemical industry’s centre of gravity is shifting to the feedstock-rich West Asia as dozens of new projects are coming up in the region while production falters elsewhere. According to Chemical Week, co-organiser of the Fourth Annual GPCA Forum, 19 million metric tonne ethylene, the key building block for petrochemicals, is scheduled to be added annually to the Gulf region capacity over the next five years, nearly doubling the current capacity and providing extensive raw materials for downstream industries.

Steel PSUs' budgetary estimates may be inflated: Panel

A parliamentary panel has rapped the steel ministry for under-utilisation of funds by Public Sector Undertakings (PSUs) like SAIL and RINL, and said the Budgetary Estimates (BE) may be “inflated”.

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