Exports up 22% in Jan

New Delhi, Feb. 14: India's exports rose by 21.46 per cent in January to $8.45 billion. However, trade deficit has widened to $33.82 billion so far this year despite a slower 10.69 per cent growth in imports. Cumulative exports between April and January have risen by 18.8 per cent to $74.978 billion against $63.076 billion a year ago, according to the data released today. Trade deficit has shot up by 48 per cent to $33.82 billion during the period compared with $22.82 billion last year.

MBT name

Mumbai, Feb. 14: Mahindra British Telecom (MBT), a joint venture between Mahindra and Mahindra and British Telecom, will change its name to Tech Mahindra, sources said.

NTPC loan

Mumbai, Feb. 14: NTPC Ltd has signed an agreement to raise up to $1 billion from overseas debt markets. The medium term note programme will facilitate raising funds on a regular basis from the international debt capital markets, NTPC told BSE.

Fuel prices

New Delhi, Feb. 14: The government is planning to rationalise the domestic prices of petroleum products to offset the adverse impact of the global crude price rally, said chief economic adviser Ashok Lahiri.

Colour Chem

Mumbai, Feb. 14: Colour Chem Ltd has acquired Chemtreat Composites India Pvt Ltd and its manufacturing unit at Khopoli for Rs 9 crore.