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BoA to mull Mundra SEZ proposal for hiking power capacity
The Board of Approval (BoA) in the Commerce Ministry will again take up, on June 2, the proposal of Mundra Port and SEZ for almost doubling the power generation capacity at its sector specific special economic zone at Kutch in Gujarat.

Tata Motors net at Rs 400 crore
Robust festive demand and new launches helped the country’s largest automotive company, Tata Motors, to swing to a third-quarter net profit of Rs 400 crore. The company had made a net loss of Rs 263 crore in the three months ending December 2008.

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Deloitte applies to become Mahindra Satyam auditor
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Textiles Ministry demands change in Drugs and Cosmetics Act

The Textiles Ministry is pushing for amendments in the Drugs and Cosmetics Act to ensure that quality standards are set for new medical textiles used in products like baby diapers, contact lenses and surgical gloves to promote their sales. Markets extend losses in noon trades At present, medical products made out of woven and cotton are included under the law. While the the non-woven products, which broadly fall into the technical textiles, are priced at a premium of 20-25 per cent, consumers would be willing to pay for it once they carry the guarantee of quality standards, industry officials feel. The domestic market for medical textiles was estimated at Rs 1,514 crore in 2007-08 and is expected to touch Rs 2,263 crore by 2012-13, according to official estimates. The government would launch next year a mission on technical textiles, which also include products used in civil aviation, agriculture and defence sectors, the official said.


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