Thursday, October 28, 2010

R-Power places $8.3bn gear order

R-Power places $8.3bn gear order


R-Power places $8.3bn gear order

Posted: 28 Oct 2010 06:18 PM PDT

With the corporate spat with Mukesh Ambani's Reliance Industries out of his way, Anil Ambani is making moves to energize one of his core businesses — generating electricity.

Costliest car of the world drives into India

Posted: 28 Oct 2010 06:47 PM PDT

Bugatti Veyron, the fastest and perhaps the most expensive car in the world, debuted with a jaw-dropping ex-showroom price tag of Rs 16 crore, making India the only market globally to sell the world's cheapest (Nano) and the most expensive car.

PNB net up 16% at Rs 1,075 crore

Posted: 28 Oct 2010 06:24 PM PDT

Punjab National Bank on Thursday posted 15.9% jump in net profit at Rs 1,075 crore for the quarter ended September 30, driven by higher net interest income.

Visa curbs not a problem: Shanghai Electric

Posted: 28 Oct 2010 06:21 PM PDT

The visa restrictions putting curbs on the number of Chinese experts and workers in a project are not a limiting factor, a top executive of mainland China's biggest equipment manufacturer for coal-fired generation plants -- Shanghai Electric Company -- on Thursday said, even as he unveiled plans to set up a manufacturing and training base in India.

Power cos get ready to generate funds

Posted: 28 Oct 2010 06:44 PM PDT

Indian companies' hunger for power, the lack of which is hampering the nation's robust economic growth, will soon be reflected on Dalal Street.

China to reduce trade deficit, gas emissions

Posted: 28 Oct 2010 06:22 PM PDT

China's leaders are promising to narrow its huge trade surplus and curb surging emissions of climate-changing greenhouse gases in an ambitious five-year plan to make its economy cleaner and more high-tech .

Change agents come together

Posted: 28 Oct 2010 06:27 PM PDT

The Power of Ideas initiative by The Economic Times is all set for a high-decibel culmination with the Convocation in Delhi on October 30.

No condition for approving Vedanta deal: ONGC

Posted: 28 Oct 2010 06:03 AM PDT

State-run Oil and Natural Gas Corporation (ONGC) today said it has not put any pre-condition for approving Cairn Energy Plc selling stake in Indian unit to Vedanta Resources.

Rupee ends down by 8 paise against US dollar

Posted: 28 Oct 2010 09:13 AM PDT

The Indian rupee fell by 8 paise to 44.53/54 against the US dollar on Thursday on sustained dollar demand from importers and banks.

Rs16cr Bugatti Veyron comes to India

Posted: 28 Oct 2010 05:09 AM PDT

The benchmark for luxury cars in the country just got higher with Volkswagen Group company Bugatti Automobiles on Thursday launching its super premium sports car ' Bugatti Veyron 16.4 Grand Sport', with price starting at Rs 16 crore, the most expensive car to hit the Indian roads.

Nissan to recall 2m cars due to faulty engine

Posted: 28 Oct 2010 01:45 AM PDT

Japan's Nissan Motor said Thursday it was recalling more than 2.1 million cars globally due to a faulty engine control system.

Sensex ends below 20k level

Posted: 28 Oct 2010 04:09 AM PDT

Erasing early gains, Sensex on Thursday fell below the psychological 20,000 mark, losing 64 points, as investors cleared their long positions of derivatives contracts.

SAIL rules out JV talks with ArcelorMittal

Posted: 28 Oct 2010 05:21 AM PDT

State-run steel maker SAIL on Thursday ruled out the possibility of setting up of a plant through a joint venture with world's largest steel maker ArcelorMittal.

Food inflation down to 13.75%

Posted: 28 Oct 2010 12:19 AM PDT

Food inflation declined sharply to 13.75 per cent for the week ended October 16, on improved kharif supplies and fall in prices of certain vegetables, especially potatoes and onions.

Sensex up 114 pts in opening trade

Posted: 27 Oct 2010 09:32 PM PDT

Erasing the two-day losses, the Bombay Stock Exchange benchmark Sensex on Thursday recovered by over 114 points in the opening trade on emergence of buying at lower levels amid mixed trend in Asian regions.

ONGC Q2 net rises 6% to Rs 5,389 crore

Posted: 28 Oct 2010 06:51 PM PDT

State-owned Oil and Natural Gas Corporation on Thursday reported its highest quarterly net profit in more than two years even though its fuel subsidy payout rose by 15% in the three months to September.

China to reduce trade deficit, gas emissions

Posted: 28 Oct 2010 06:22 PM PDT

China's leaders are promising to narrow its huge trade surplus and curb surging emissions of climate-changing greenhouse gases in an ambitious five-year plan to make its economy cleaner and more high-tech .

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