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Mukesh, Tata praise Das' contribution to India Inc
Two of the country"s top corporate stalwarts, Ratan Tata and Mukesh Ambani, today showered rich praises on Tarun Das, a day after he demitted office as Chief Mentor of business chamber CII, and described him as the face of modern Indian industry.

Taro tells shareholders to keep Sun at bay
Ahead of its upcoming annual general meeting on December 31, 2009, Israeli drug company Taro Pharmaceutical has asked its shareholders to reject a takeover bid by Sun Pharmaceuticals.

News of the day

Right packaging key to boosting coffee exports
Getting the right packaging material at an affordable price is a major challenge facing coffee exporters in India today. India, like other coffee exporting countries, uses the conventional jute bags for exporting green coffee. However, when it comes to exporting roast and ground coffee, the material used for packaging plays a major role. As of now, India’s roast and ground coffee exports in the retail form are very small in volume at 200 tonnes, whereas the country’s total green coffee exports are about 180,000 tonnes.
International Business

Rupee at 46.44/$, down 33 paise

The Indian rupee today depreciated by 33 paise against the US currency in early trade on strong demand from importers for the dollar, which rebounded against other major currencies. - Re appreciates 28 paise at 46.01/$ - Govt not to hike oil prices despite surge in global rates - Rupee weakens by 4 paise in opening trade - Bajaj Auto: Back in the game - Re drops, reversing earlier gains - Jamal Mecklai: Rabbit in the headlights - again">Jamal Mecklai: Rabbit in the headlights - again At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted at 46.44 a dollar, the lowest level since October 12. The rupee had closed at 46.11/12 a dollar in the previous session. Dealers said increased demand from importers for the US currency mainly put pressure on the Indian rupee. The US currency bounced back from 14-month lows against major currencies which impacted adversely the rupee sentiment, they added.


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