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Sensex starts New Year with 20-month high
The markets opened the New Year on a promising note today with the BSE Sensex shutting the shop at a 20-month high at 17,558.73 gaining 94 points, driven by a rally in the auto and metals counters and firm European cues.

Plan panel recommends more market borrowing room for states
With the economy witnessing a slowdown, the Planning Commission has recommended to the Finance Ministry that states be given more freedom to borrow from the market, even if the fiscal deficit touches 4 per cent of state GDP.

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GAIL, RIL to sign gas pact this week
State-run GAIL India is likely to sign this week a contract with Reliance Industries (RIL) to buy natural gas from the latter"s KG-D6 fields for production of LPG.
International Business

IDC likely to come out with design certification 'I-Mark':Vyas

For promotion of good design practices in country, Indian Design Council (IDC) is likely to come out with design certification mark called "I-Mark" for industry, as a seperate recognition mark for design, an IDC member said here today. Markets extend losses in noon trades Companies having I-Mark accredition will have distinctive recognition in industry, Vyas said. IDC shall be conducting its second meeting in Mumbai today to work out the parameters for recognition of design, and discuss about the scope of introducing it here, he added. The panel will consider aspects like environment friendliness, energy consumption, carbon footprint, user covenience, good design practices, as criteria, Vyas said. I-Mark certification for design will be similar on the lines to quality certification issued by the Bureau of Indian Standards(BIS). The move is expected to give a push to $140 billion MSME sector in India, that accounts for nearly 40 per cent of country"s export and enhance its international acceptability. IDC was constituted by the government in pursuance of National Design Policy and is headed by Anand G Mahindra of Mahindra and Mahindra group.


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