Briefly Business

Decision on Japan food imports ban today

NEW DELHI: With many countries imposing a ban on food imports from Japan fearing contamination,India will take a decision on this issue on Thursday. According to sources,minister of commerce Anand Sharma will hold a meeting with the health ministry,Food Safety and Standards Authority of India FSSAI and Directorate General of Foreign Trade DGFT to take a final call on the issue of food imports from Japan. A notification on ban will then be issued by the DGFT. As of now there is no ban, sources said. The meeting,sources said,has been planned after the FSSAI sent out an advisory recommending food articles coming from Japan to be suspended for a period of three months.

India Incs credit quality peaking: Crisil

NEW DELHI: Crisil on has said India Incs credit quality is peaking and the number of upgrades outnumbered downgrades in 2010-11. Crisil upgraded the ratings of 605 companies and downgraded 269 last fiscal on a base of around 6,200 companies it rates,a statement issued here said. This had led to an improvement in Crisils modified credit ratio to 1.10 times in 2010-11 from 0.93 times in 2009-10.

Sensex down 75 pts on inflation concerns

Mumbai: Dalal Street declined on mild profit-booking amid increasing investor concerns about the rise in inflation and interest rates apart from high oil prices. Profit-booking in IT and banking counters pulled down Sensex to days low of 19,550.55,before closing at 19,612.20 a fall of 74.62 points. The NSE index Nifty fell 18.30 to 5,891.75.

DoT sends termination notices to 3 firms

New Delhi: The government has issued licence termination notices to three telecom operators Aircel,D B Etisalat and Sistema Shyam Teleservices for delays in roll-out of services in eight circles. Most of the new players who received 2G licences in 2008 have not met roll-out obligations.

PCI,Onet Tech set up JV for n-power services

NEW DELHI: Seeking to explore the Indian market,French nuclear power service provider Onet Technologies has decided to set up a joint venture with Delhi-based energy firm PCI Ltd. Onet will have a 70 stake in the joint venture and balance will be held by us, PCI chairman Surinder Mehta said. Onet president Dominique Mouillot said that the partners have not fixed any upper investment limit as the market was set to expand in years to come.

Gold,silver rise on aggressive buying

Mumbai: Silver prices shot up conquered yet another milestone of Rs 59,000 per kilo at the bullion market here. Gold also rebounded sharply on the back of robust investment. Silver ready .999 fineness jumped by a hefty Rs 1,320 per kg to end at Rs 59,015 from Tuesdays closing level of Rs 57,695. Standard gold 99.5 purity surged by Rs 235 per 10 grams to close at Rs 20,980 from Rs 20,745 on Tuesday.