NHPC is seeking approval for 10,000 mw projects: Chairman The Times of India For several years NHPC has been driving government’s initiative to harness the country’s hydro power potential. In the last one year, the company added over 1000 mw of generation capacity or 20% of its current total installed capacity. It completed an IPO recently and is now eyeing to...
Appreciate the positive Indian Express After many months of staying away from currency intervention, the RBI made headlines last week when it returned to the foreign exchange market to prevent rupee appreciation. The consequences of foreign exchange intervention by the RBI will create difficulties for...
A third victory Indian Express Last weeks landslide victory of President Mahinda Rajapaksas United Peoples Freedom Alliance (UPFA) in Sri Lankas parliamentary elections the first since the 25-year civil war ended last May consolidated the grip of the president on power in that country. Rajapaksa was...
Spruced Up Talbots Seeks Hipper Image Wall Street Journal By ELIZABETH HOLMES After spending last year atop the retail death-watch list, Talbots Inc. is now a favorite on Wall Street, thanks to cost cuts and a complex financial arrangement for unloading its enormous debt. But to solidify its comeback and boost sales, Talbots must complete a merchandise and...
Up to six predators stalk Macarthur The Daily Telegraph Australia MACARTHUR Coal could have even more suitors banging on its door this week with as many as six real and speculated predators from across the world looking to control the company. Having postponed today's shareholder vote on a takeover of Gloucester Coal, Macarthur Coal has given suitors time to put up more cash. And Macarthur investors will be eager to see if Anglo American's coal...
Casino cracks down on blackjack cheats The Daily Telegraph Australia SYDNEY'S Star City casino has launched a surveillance blitz to crack down on cheating, theft and unruly patrons, as it seeks to clean up its image ahead of a relaunch next year. SYDNEY'S Star City casino has launched a surveillance blitz to crack down on cheating, theft and unruly patrons, as it seeks to clean up its image ahead of a relaunch next year. The casino...
Mood upbeat on results eve The Telegraph India Mumbai, April 11: Brokerages expect Indian companies to report robust fourth-quarter results, beginning with Infosys on Tuesday. The mood is upbeat for most sectors, with automobiles, metal and oil and gas seen leading the charge. Telecom is likely to disappoint as also power, FMCG and media, and the outlook on banking is mixed. Infotech firms are expected to report volumes growth as the global economic recovery is...
Gas price hike move gains momentum The Telegraph India New Delhi, April 11: A proposal to hike the price of natural gas produced by ONGC and OilIndia from government-nominated fields is likely to be taken up by the cabinet later this month. 'The cabinet is expected to take a call on increasing the price of gas sold through the administered price mechanism (APM) soon,' a senior petroleum ministry official said. The petroleum ministry has sought an increase in the APM gas...
Videocon eyes Philips division The Telegraph India New Delhi, April 11 (PTI): Diversified conglomerate Videocon Industries is understood to be making moves to acquire the consumer electronics business of Philips India. This, however, does not include Philips Indias lighting and healthcare products businesses. When contacted, Videocon group chief Venugopal Dhoot declined to comment. The spokesperson for Philips India said, 'We do not comment on...
Stakes high for telecom trio in 3G auction The Telegraph India New Delhi, April 11: Bharti Airtel, Vodafone Essar and Reliance Communications are likely to bid aggressively for pan-India 3G spectrum given their huge demand for this scarce resource. Each of them has to accommodate over 100 million subscribers in their networks at a time the government is not allocating any additional 2G spectrum. 'Other players such as Idea Cellular, Tata Teleservices and Aircel will only bid in...
Purnendu seeks to end HPL tiff The Telegraph India Calcutta, April 11: NRI entrepreneur Purnendu Chatterjee is open to an 'amicable settlement' with the Bengal government to end the ownership dispute over the states showcase industrial project, Haldia Petrochemicals Ltd (HPL). The eagerness for an out-of-court deal comes at a time when the two principal promoters of HPL are locked in a high stake legal battle in the Supreme Court to determine who will eventually own...
