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SMEs take to tele-conferencing
IT services company Solutions Enterprise Pvt Ltd’s offices in Mumbai and Ahmedabad used to be connected with its partner companies in Britain over the Internet and a virtual private network (VPN). However, the quality of communication had always been poor.

SET Max making another pile from IPL ad revenue
SET Max, the official broadcasters of the Indian Premier League (IPL)cricket tournament, has already hit a sixer with the third edition of the twenty20 league. The channel is estimated to rake in over Rs 650 crore, 30 per cent higher than it got in IPL-2.

News of the day

Ministers' appraisal soon, may trigger Cabinet rejig
Over the next month, Prime Minister Manmohan Singh is expected to review the performance of his ministerial colleagues in their first six months in office. This review exercise could be a precursor to a Cabinet reshuffle, the first since the United Progressive Alliance (UPA) government entered its second term in office.
Corporate

BPCL arm to get investment form Oman Oil Co

Bharat Petroleum Corporation (BPCL) informed BSE today that BPCL, Oman Oil Company (OOC) and Bharat Oman Refinery (BORL) signed an agreement on November 15, 2009 in Oman on additional investment in BORL by OOC. OOC will invest be Rs 1,220 crore in BORL to hold 26 per cent of the equity share capital of BORL, after full equity closure. - PSU oil firms hike ATF prices by 2.4% - Bhoruka Power"s project turned down - Petroleum Min seeks Rs 11,853 cr oil bonds - BPCL posts 94% decline in losses - BPCL Q2 net loss at Rs 158.77 cr - OMCs recover early losses, end flat The 6 million metric tonne refinery project of BORL is currently underway at Bina, Madhya Pradesh. The refinery is promoted by BPCL and OOC along with its crude oil import facilities and cross country crude pipeline. The total estimated cost of the project is expected to be Rs 11,397 crore or $2.4 billion and 96 per cent of the project is complete. The mechanical commissioning of the project should take place early next year and production is due to start in second quarter of 2010. The project envisages transporting crude oil from the western coast of India in Vadinar, Gujarat to Bina by a 935 km pipeline. The refining facility at Bina would make Euro JV compliant petroleum products available to central India as well as adjoining areas. This would enhance the supply security for BPCL.


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