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Foresight plans 25 outlets in 3 yrs
Foresight Opticals, the retail chain of optical stores from Foresight Vision Care Compnay Pvt Ltd, is planning to open 25 new stores in major cities across India in the next three years (by FY 2012-13).

Nagarjuna Agrichem to invest Rs 250 cr for capacity expansion
Nagarjuna Agrichem (NACL), one of India"s leading crop protection companies, plans to expand its production capacity by 9000 tonnes by 2011 at a total cost of Rs 250 crore.

News of the day

Nifty may hit new high this week
The activities of foreign institutional investors (FIIs) with long build-up in the Nifty futures and short-covering in stock futures during the week ended September 13 augur well for the market. The Nifty is expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the downside, 4,940 is a healthy support level and, below that, 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short-covering from foreign investors in the Nifty and stock futures.
Small Business

Posco seeks more time for Orissa steel SEZ

Posco India has sought more time from the Centre for implementing Rs 54,000 crore SEZ project at Jagatsinghpur in Orissa, as the South Korean steel giant could not get land due to protests by tribals. - Posco Foundation formed - Orissa asks Posco to focus on welfare of locals - Posco to treat encroachers on a par with the displaced - Anti-Posco activists burn letter from Posco - Delay in filing mitigation report on forest loss to hit Posco project - Choon-Kuhn Kwon appointed Posco India CMD "Due to certain issues in the acquisition of large land for a multi-product SEZ, Posco India has not been able to meet the minimum land requirement for the SEZ," an official in the Commerce Ministry said. The inter-ministerial Board of Approval will consider the Posco request at its meeting on December 15 here. The company, which is also facing regulatory hurdles in leasing iron ore mines, has already been given extension twice since October 2006, when it received in-principle approval for 12 million tonnes project. Posco India, the wholly-owned subsidiary of world"s fourth largest steel maker, has conveyed to the Commerce Ministry that it is "committed to the project" despite the problems of land acquisition. Bulk of the about 4,000 acres falls under the forest land for which the company received clearance from the Green Bench of the Supreme Court last year. However, since tribal in the area are protesting against the land acquisition, the project has not been able to move forward.


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