Following the recent withdrawal of the export-oriented unit (EoU) status of Jamnagar refinery, a move facilitating the sale of its products in the domestic market, Reliance Industries Ltd (RIL) is expected to get on with it selling fuel in the country, next week onwards.

RIL's decision to go in for a change in status of the refinery is reported to have come in the wake of a nosedive in the prices of international crude and petroleum product. The drop in prices has reduced the company's its export realization, thereby indicating lower margins.

With the Wall Street Journal reporting that some problems had occurred in Suzlon Energy Ltd's supply of blades to REpower Systems AG for a project in China, the shares of the company - India's foremost wind-turbine generators' manufacturer - plunged 19 percent to Rs 55.95 on the National Stock Exchange on Thursday.

While Suzlon's blades have reportedly been rejected, the company - which owns 74 percent of Germany's REpower and is looking at increasing its stake beyond 90 per cent - denied any problem, saying that prototypes were being tested and the actual delivery would begin in a couple of months.

The liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt.

The largest cellular service provider in India, Bharti Airtel has launched its new service called "My Airtel My Offer" for its prepaid subscribers. The service lets the subscribers know various new schemes and offers by launched Airtel, without receiving any calls or SMSs on their mobile phones.

Areva T&D India, the subsidiary of the France-based Areva Group, has received a prestigious order for two 500 MVA Power Transformers from Power Grid Corporation of India Limited.

The latest orders are considered as the highest in ratio 400 KV 3 phase class transformers in the country, which will PowerGrid in augmenting capacities of their 400 KV Substations at Malerkotla and Patiala in Punjab.

Both transformer orders are scheduled to be delivered by Q3 2010.

Mumbai-based Bio Green Industries Ltd, the parent Company of its wholly owned subsidiary Bio Green Papers Ltd, has signed a supply chain management agreement with Sundaram Multi Pap Ltd, for the procurement of raw material supply chain management.

The company officials believe that with latest agreement; they expect a monthly production of 1000 to 12000 tons of Kraft Paper used by Packaging Industry.

Presently, Bio Green Papers Ltd, has 40 TPD capacity of Kraft Paper and 40 TPD of Duplex Facilities.