Sunday, June 26, 2011

Canadian co eyes stake in Adani Power

Canadian co eyes stake in Adani Power

Canadian co eyes stake in Adani Power

Posted: 26 Jun 2011 05:33 PM PDT

Canadian major Ballard Power Systems —the global leader in proton exchange membrane (PEM) fuel cell technology—is eyeing up to 10% stake in Adani Power, an arm of the diversified Adani Group.

'Asian execs are in great demand’

Posted: 26 Jun 2011 05:26 PM PDT

She looks relaxed if jet-lagged as she catches up on precious rest-time at Le Pondy, the sprawling spacum-hotel complex on the outskirts of Puducherry.

SBI may look at fund-raising options

Posted: 26 Jun 2011 05:24 PM PDT

State Bank of India, the country's largest lender, may look at raising Rs 15,000 crore through issuing bonds during the current financial year to push its growth strategy, even as the government has virtually ruled out subscribing to a rights issue over the next 12 months or so.

Cos bank on innovation to grow

Posted: 26 Jun 2011 05:22 PM PDT

A refrigerator with a built-in radio, a foldable bedcum-study , a roti maker and an induction cooker—the innovation pipeline of home-grown Indian companies is bursting with ideas.

India's forex reserves rise by $59m

Posted: 26 Jun 2011 01:40 AM PDT

India's foreign exchange (forex) reserves rose by $59 million to $310.56 billion for the week ended June 17 due to increase in the value of foreign currency assets even as the value of special drawing rights (SDRs) and reserves with the International Monetary Fund declined.

CAG refuses to hear Reliance on KG-D6 field audit

Posted: 26 Jun 2011 12:18 AM PDT

In a startling development, the CAG has refused to give RIL an opportunity to comment on its draft audit report that indicts the Mukesh Ambani-run firm for allegedly receiving undue favours from the oil ministry.

China, India to take higher percentage of aircraft sales: Report

Posted: 25 Jun 2011 11:35 PM PDT

Suppliers operating in the global aerospace and defence sector are set to experience significant consolidation as the industry attempts to benefit from increased cost efficiencies, says a new report.

BSNL seeks Rs 4,000 cr subsidy to meet operational costs

Posted: 25 Jun 2011 10:22 PM PDT

Cash strapped state-run BSNL has sought Rs 4,000 crore subsidy from Department of Telecom (DoT) for the current fiscal year to meet its operational costs.

ICICI Bank plans to open 1,500 branches in 4 yrs

Posted: 25 Jun 2011 09:52 PM PDT

In a major expansion drive, ICICI Bank plans to add about 1,500 branches over a period of four years against the existing strength of about 2,500.
Posted by Harshad at 9:53 PM

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