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Business Briefs

Trade councilmeet

New Delhi, Dec. 17: The Prime Minister’s council on trade and industry is likely to meet here tomorrow to review the performance of the economy and discuss ways to maintain its growth momentum. The council is expected to take stock of the challenges facing the economy such as the impact of the rising rupee on exports and signs of a slowdown in the US economy.

Maruti design

New Delhi, Dec. 17: Maruti Suzuki India Ltd will start designing cars in India by 2010, for which it has sent close to 100 employees for training in Japan, a senior company official said.

Plan panel

New Delhi, Dec. 17: The Planning Commission has asked the government to consider the possibility of setting up three multi-sectoral regulators for energy, communications and transport sectors, to prevent the proliferation of regulatory commissions.

Merrill buy

Mumbai, Dec. 17: Merrill Lynch International has picked up a 12.74 per cent stake in Resurgere Mines & Minerals India Ltd for about Rs 63 crore.

hpl expansion

Calcutta, Dec. 17: The proposed expansion of Haldia Petrochemicals Ltd (hpl) is scheduled to be completed by the end of 2008, a company official said.


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