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EICA to host Global Cotton Meet in Mumbai

Mumbai, Mar 13 (UNI) In a first global event, India's oldest cotton trade organisation, East India Cotton Association (EICA) along with Cotton Outlook U K is hosting a two-day International Conference from March 14 in Mumbai.

Over 500 delegates from 17 Countries including China and US apart from India will participate in the Conference to be held at NCPA, south Mumbai. Mr S Roy, Joint Secretary, Ministry of Textile, will inaugurate the Conference, while Mr J N Singh, Textile Commission and Mr Wallace Darneille, President of International Cotton Association will deliver a key note address. The event will also have a Panel discuss on Indian cotton in global scenario.

EICA President Mr Kishore Jhunjhunwala told reporters that India has a prominent role in the World cotton trade. It is now the largest cultivator, third largest producer, second largest consumer and third largest exporter of cotton and is poised to become the second largest producer and exporter in the world.

The theme of the Conference is that India's place in the global cotton Market is therefore very timely and appropriate. The conference will discuss key issues relating to world cotton trade with special reference to India and would also serve as an excellence opportunity of networking between buyers and sellers, he added.

UNI

Rupee opens nearly flat at 44.23/24 per US dollar

Mumbai, Mar 13 (UNI) The Rupee today opened nearly steady at 44.23/24 against the dollar from the same level of its last close on moderate dollar demand from local dealers. The Indian currency traded in a narrow range against the dollar as investors were circumspect following recent volatility in investment flows, while watching for signs of any Central Bank intervention. Later, the partially convertible Rupee was at 44.25/27 per dollar, little changed from yesterday's close of 44.23/24 on some.....

VSNL ties up with Microsoft to launch ReadyAccess

Mumbai, Mar 13 (UNI) Tata Group's Videsh Sanchar Nigam Ltd (VSNL) in collaboration with software behemoth Microsoft today launched 'ReadyAccess' Business Messaging&Collaboration Services. ''Targeted towards the rapidly growing Small and Medium Enterprises (SME) market in India, this service provides secure, enterprise grade messaging capabilities with quick and easy deployment on a pay per use basis, without the need for high up-front capital investments. The service also eliminates ongoing operational, management and administration costs, and safeguards against technology changes and obsolescence......

REL terminates drilling contract with Aban Offshore

Mumbai, Mar 13 (UNI) Reliance Industries today terminated its contract with Aban Offshore in relation to its drilling order, an official statement said here. The statement, however, did not mention any reasons for the move. Aban Offshore's rig was expected to start work based on the contract within a few weeks. Earlier in the day, RIL had informed the BSE regarding two new discoveries of hydrocarbon wells in the east coast blocks at Krishna Godavari basin in Andhra Pradesh......
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