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GAIL to raise Rs 2,000 cr for expansion
State gas utility GAIL India Ltd plans to raise around Rs 2,000 crore during the current fiscal to part fund its expansion plans.

RNRL renews attack
Anil Ambani-controlled RNRL told the Supreme Court today that Mukesh Ambani’s RIL had put it in a disadvantageous position in terms of price, quantity and tenure in their Gas Supply Master Agreement (GSMA).

News of the day

FinMin sets up body to review portfolio investment policies
To encourage foreign portfolio investment, the Finance Ministry has set up a working group for suggesting changes in the existing policy on foreign capital inflows by FIIs, NRIs and venture capital funds.

Telangana remains tense.

Situation in Telangana region in Andhra Pradesh continued to be tense today with a series of agitations, despite the relaxation in the 48-hour bandh call by TRS and other parties in view of Christmas. - TDP MLAs from Telangana walk out of joint action committee - No bandh in AP today in view of Xmas - Telangana backlash, govt may mull second SRC - One-sided decision can"t be taken: Govt on Telangana - MPs, MLAs from Telangana resign; violence during bandh - 10 TDP MLAs to resign, party supports Telangana bandh Widespread protests, demonstrations, road blockades and rallies were held in several Telangana districts while Telangana Joint Action Committee (JAC) activists allegedly attacked Civil Supplies Department"s godown and burnt vehicles in Mahabubnagar district.

Drug makers vie to supply antidote.

Large and small Indian drug manufacturers are flocking the offices of various state governments to secure manufacturing licences to supply cheap versions of Tamiflu (oseltamivir), the drug to treat the fast spreading swine flu, anticipating huge demand for the drug in the coming weeks. - Five more swine flu deaths in Pune; countrywide toll 23 - Allow retail sale of drug, say domestic pharma players - 60% drop in Pune mall footfalls - Mumbai malls, stores see biz dropping up to 50 per cent - Bangalore reports first death, toll rises to 20 - Suspected swine flu case in Bihar The government, which procured 10 million doses of the drug earlier, plans to procure another 20 million doses in the coming weeks. The rush for licences is to cash in on this huge opportunity, said sources.

Centum Learning to set up campuses in 20 cities in India.

Centum Learning, the education and training arm of Bharti group, is expanding its footprint in India by setting up skill development centres and mini-campuses for offering professional degrees to students. The company will cater to the entire spectrum of students from - low end to high end. - Inside Bharti Walmart - PM strongly backs Bharti"s efforts to acquire stakes in MTN - Indus Towers appoints BS Shantharaju as CEO - Mittal rules out any revision in offer for MTN - Bharti group JV enters food & beverages market Centum Learning provides end-to-end learning and skill-building solutions to corporate and individuals. Its solutions range from learning process outsourcing, custom content development, training through blended learning programmes, executive coaching, performance coaching to process management and certification. It also focuses on building industry specific skills at the entry level for the service sector.

PDS makes a return in soaring Kerala market.

With prices of essential commodities going through the roof, public distribution shops (PDS) in Kerala are back in action. - Centre requests states to import foodgrains to support PDS - India"s rice production seen upward at 84.5 MT: USDA - Govt to strengthen PDS to protect citizens from price rise - Social activists seek right to food Bill - Finance Minister calls for strengthening of PDS - MP to sell foodgrains in open market Apart from Maveli, Sabari and Labham stores, supermarkets, People’s Bazars and Hypermarkets of the Civil Supplies Corporation (Supplyco) have once again started attracting customers. The corporation operates around 3,000 outlets across the state. Supplyco officials told Business Standard there had been a huge increase in the sale during the last 2-3 months, especially at supermarkets in major towns.