EVENING UPDATES

• Reliance Money on Tuesday joined hands with Canada's Recognia, a leading provider of technical charts for stocks, that would allow its customers to know if previous patterns indicate a future rise or fall in share prices.


• Public sector oil firms on Tuesday raised aviation turbine fuel (jet fuel) prices by over 13 per cent in step with rise in international oil prices.


• Finance minister P. Chidambaram has approved a Bill which comes into effect on 01.04.2008 and it states that all Privately Held companies need to give a minimum salary increment of 15% to all employees every six months.


• Gold fell to a six-week low level below Rs 12,000 to Rs 11,830 per 10 grams on the bullion market on Tuesday on heavy selling by stockists influenced by a weakening trend in global markets.


• GAIL India has entered into a contract with the consortia of Reliance Industries, BG Group of UK and Oil & Natural Gas Corporation (the co-ventures of the PMT fields in western offshore) for buying the entire quantity of 17.3 million metric standard cubic meter per day.


• The Ministry of New and Renewable Energy has submitted for approval, the draft terms of reference and composition of the proposed National Biofuel Development Board to foster use of clean fuel in the country.


• Commerce Secretary, GK Pillai says, steel prices should come down by 10-20%. He says the government wants steel producers to bring down prices on their own; otherwise the government will have to act on its own.

CORPORATE ANNOUNCEMENT

Nissan Copper to increase borrowing limits (1-Apr, 17:40 Hrs IST)

SREI Infrastructure Finance allots equity shares (1-Apr, 17:37 Hrs IST)

Reliance Industries announces second gas discovery in deepwater exploration block (1-Apr, 17:23 Hrs IST)

Hazoor Multi Projects to convene board meeting (1-Apr, 17:10 Hrs IST)

Mediaone Global Entertainment to convene board meeting (1-Apr, 16:55 Hrs IST)

Mcleod Russel India's director resigns (1-Apr, 16:20 Hrs IST)

United Phosphorus allots equity shares (1-Apr, 16:17 Hrs IST)

SEL Manufacturing Company's director resigns (1-Apr, 15:48 Hrs IST)

GAIL signs short term-sheet with Gujarat State Petroleum (1-Apr, 15:30 Hrs IST)

Simplex Trading & Agencies' director resigns (1-Apr, 15:25 Hrs IST)

Shiv Vani Oil & Gas Exploration Services allots warrants (1-Apr, 15:18 Hrs IST)

Heritage Foods India commissions six more retail stores (1-Apr, 15:05 Hrs IST)

DCM Shriram Industries allots equity shares (1-Apr, 15:02 Hrs IST)

Sudal Industries to convene board meeting (1-Apr, 15:00 Hrs IST)

Gruh Finance to announce financial results (1-Apr, 14:57 Hrs IST)

Cera Sanitaryware to convene board meeting (1-Apr, 14:54 Hrs IST)

Accentia Technologies acquires 51% stake in Oak Technologies Inc USA (1-Apr, 14:50 Hrs IST)