The World Bank has given nod to a $430 million loan to Indian Railways for part financing of its Mumbai Urban Transport Project II (MUTP II), directed at meliorating transport in and around the metropolis.

In reply to a query, Minister of State for Railways K. H. Muniyappa stated that the project consosts of a range of constituents.

For the week ended Aug 7, the country's food inflation fell down to 10.35% as against 11.4% during the earlier week.

The eased rates of a few pulses, and a spiky decline in rates of veggies, potatoes, and onions aided temper the overall food index.

The fuel rates index, continued with its downward curve, dangling to 12.57% during the period under review as compared to 12.66% registered duirng the last week.

The 30-share index Sensex, today, climbed up further from its early highs with consumer durables, FMCG and banking shares topping the gaining charts.

The Sensex was trading 183 points up around noon joining the rally at other major Asian markets.

The Sensex, which belled the day at 18,276.5, stood at 18,440.59, up 183.47 points (1%) as against its last closure at 18,257.12.

Pharma giant, GlaxoSmithkline Consumer Healthcare Ltd has declared that it has bagged final nod from USFDA for Naratriptan Hydrochloride tabs.

The company got nod to sell the tablets in the potencies of 2.5mg base and 1mg base.

Naratriptan hydrochloride pills are prescribed by the physician to put control over migraine attacks in grownups with or without aura.

The 30-share index Sensex remained quiet as it fell from morning peaks.

The Sensex of the Bombay Stock Exchange (BSE), which belled the day at 18,049.19, stood at 18,034.78, while the broad-based Nifty slipped 0.06% to trade at 5,414.85.

Broader markets indices remained the positive zone, with the BSE midcap index 0.2% higher and the BSE smallcap index ruling 0.32% up.

IT bellwether Wipro Technologies has declared that it has inked a 5-year deal with international steel making major ArcelorMittal with the aim to merge and transfer its messaging systems to the Microsoft Exchange 2010 messaging platform.

The 30-share index Sensex today hit an intra-day peak during noon trade with Asian cues remaining steady.

The Sensex, which belled the day on a higher note at 18,080.29, was trading 18,220.65, up 146.75 points (0.81%) as against its earlier closure at 18,073.9.

In contrast, the broad-based Nifty zoomed 0.9% at 5,465.4.

The BSE midcap index was trading 1.13% up and the BSE smallcap index gained 1.27%.

Taking advantage of the growth in global business and holiday passenger traffic to abroad destinations, Jet Airways, country's top private global airline, has attained remarkable seat factors of more than 83.1% for its worldwide functionings and recorded a sturdy 27.8% increase in worldwide revenue passengers that was 3.89 lakh during July 2010.

According to an official, Himachal Pradesh, on Monday, has given nod to six industrial plans of Rs 267.68 crore.

The reports said that the projects will offer up jobs to 1,353 individuals in the state.

Among the six industrial and three growth plans sanctioned by the cabinet were Blue Star Ltd, Aishwarya Life Sciences, Kuldip Oswal Cotspin Pvt Ltd and Sainath Texport Ltd.

Sansui announced that it will foray into the cell phone business in the Indian market.

With the aim to expand its market share in the country, Japanese audio and video equipment maker is all set to roll out 10 mobile phones by 2010 end.

The company introduced its novel variety of slim, LCD TVs and digital video disc players on Monday.