Business, Finance & Stock Market updates for June 21, 2007

Sensex closes at 87.29 points higher
The National Stock Exchange index closed 87.29 points higher on Thursday, much to the delight of stockbrokers and investors. ANI

Cabinet gives nod to bilateral agreement with Iceland
The Centre today gave its approval for bilateral investment promotion and protection agreement with Iceland. ANI

More trade with Brunei
The Centre today gave its approval to a bilateral investment promotion and protection agreement with the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam. ANI

Food processing to get a boost
The Centre today gave its in principle approval to the integrated strategy for promotion of agri-business - vision, strategy and action plan for food processing sector. ANI

LN Mittal gets approval for 49 pc stake in Bathinda Refinery
The Union Cabinet today approved the proposal of Mittal Energy Investment Private Limited for acquiring 49 per cent stake in the Bathinda refinery project. ANI

Web-based software to trace grape exports to EU launched
Minister of State for Commerce Jairam Ramesh launched today a web-based software that will help in tracing the source of table grapes being exported from India to the European Union (EU). ANI

Centre approves 14 percent royalty rate for coal, lignite
The Centre today announced that the weighted royalty rates payable on coal and lignite, excluding West Bengal, will be fourteen per cent. ANI

Bahrain considers privatisation of gas stations
Abd al-Hussain Ali Mirza, the Chairman of the National Oil and Gas Authority of Bahrain, has said that the Government of the kingdom would ask specialised firms to study the possibility of privatising the islands gasoline stations. ANI

PerkinElmer Establishes Wholly Owned Subsidiary in India
Business Wire India

Increasing Number of Prime Replacement Age Vehicles Drives Remanufactured Engine and Transmission Sales
Business Wire India

Raising Physician and Patient Awareness Critical to Pushing Uptake of Pain Management Devices
Business Wire India

Favourable Legislation Fires up European Biodiesel and Feedstock Market
Business Wire India

Indian Start-up Redefines Life on the Move - Launches Unified Social Platform Indyarocks.com
Business Wire India

KAPPA is the Official Apparel Partner of the Hutch India Rugby Team
Business Wire India