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Check unplanned farm conversion, says panel
The rapid conversion of agricultural land for non-agricultural uses is not the best way to food security. That is what the government-appointed panel on land reforms and agrarian relations says in its report, currently under the consideration of Prime Minister Manmohan Singh. It blames the conversion both on absence of land use policies, “opening up of economy’’ and also on the non-remunerative nature of farming.

US court denies bail to Rana; says he could flee
Pakistan-born Canadian Tahawwur Rana, accused of plotting terror attacks in India and Denmark, was today denied bail by a US court, which said if released he may flee the country to avoid a possible 30-year jail term.

News of the day

BSNL says Nokia Siemens did not meet tender requirement
State-owned BSNL today justified the disqualification of Nokia Siemens Networks (NSN) from the mega 93-million GSM line expansion, saying the Finnish company did not provide specification with regard to subscriber information (known as Home Location Register) as per the PSU’s requirement.
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Suven Life Sciences, Gammon India & Pyramid Saimira Q2 results

Suven Life Sciences net down 48% - Suven Life Sciences granted patents in 9 markets - Suven Life Sciences to raise $50 mn via securities - Suven Life gets two more US patents for NCEs - Suven Life"s drug discovery achieves milestone - Suven in talks with global drug makers for licensing deal: CEO - Suven Life hits upper circuit on fund-raising plan Suven Life Sciences Limited, a biopharmaceutical company engaged in drug discovery and developmental activities in central nervous system (CNS), recorded a 48.03 per cent fall in its net profit to Rs 2.51 crore during the quarter ended September 30, 2009, compared with Rs 4.83 crore in the same period previous year. Net income stood at Rs 33.19 crore during the quarter ended September 2009 from Rs 37.82 crore, down 13.22 per cent. Gammon India PAT up at Rs 44.09 crore Gammon India today posted an over four-fold jump in profit after tax at Rs 44.09 crore for the second quarter ended September 30, 2009 over the same period last year. Total income rose to Rs 943.94 crore in the quarter under review from Rs 513.15 crore in the year-ago period, Gammon India said in a filing to the BSE. Pyramid Saimira net down 98 per cent Pyramid Saimira Theatre Ltd (PSTL’s) net profit dropped by 98 per cent to Rs 10.30 lakh during the quarter ended September 30, 2009 compared with Rs 8.70 crore during the same period last year. Total income dropped by 77 per cent to Rs 57.12 crore from Rs 252.25 crore, a year ago.


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