Monday, February 21, 2011

Part of coal tax mop-up to fund power transmission

Part of coal tax mop-up to fund power transmission

Part of coal tax mop-up to fund power transmission

Posted: 21 Feb 2011 06:13 PM PST

India may use part of the Rs 2,500 crore it raises this year with a coal tax to fund new electricity-transmission lines for helping distribute power from clean energy projects.

Watching the sultans of swing very closely

Posted: 21 Feb 2011 06:09 PM PST

From the moment cricketers walk onto the field for the World Cup, high definition cameras will track their every move. Add to that stump mics, hawk-eye ball-tracking technology, movable slip cameras, and ultra-motion ball-by-ball replays – and technology will be the high point of World Cup 2011.

Alibaba chief quits on suppliers' fraud

Posted: 21 Feb 2011 05:54 PM PST

Chinese e-commerce portal operator Alibaba.com Ltd's two top executives, including its CEO David Wei Zhe, will step down amid findings that over 2,000 of its suppliers committed frauds.

India Inc ahead of APAC in career advancement

Posted: 21 Feb 2011 05:53 PM PST

Indian companies offer more opportunities for career advancement than their Asia-Pacific counterparts (excluding Australia).

Anand Mahindra offers to quit AI board

Posted: 21 Feb 2011 04:59 PM PST

Anand Mahindra, vice-chairman , Mahindra & Mahindra has offered to resign from the board of the ailing National Aviation Company of India Limited (NACIL) that runs state-owned carrier Air India, citing conflict of interest.

Brent at $104

Posted: 21 Feb 2011 04:50 PM PST

Oil prices jumped by over $4 a barrel on Monday amid investor concerns that violent protests spreading in Libya could disrupt crude supplies from the Opec nation and affect other oil-rich countries in the region.

Kotak Mahindra Bank to add 200 branches

Posted: 21 Feb 2011 04:48 PM PST

From just focusing on high networth individuals , private sector lender Kotak Mahindra Bank plans to expand its reach to a wider section of the population by lowering the threshold for its focus segment and increasing the number of branches to 500 over the next 12 months from 300 at present.

Bondholders oppose Cairn-Vedanta deal

Posted: 21 Feb 2011 04:41 PM PST

Vedanta Resources' bond yields and credit default swaps signal the UK miner's plan to buy Cairn Energy's Indian exploration unit may collapse, helping avert a debt downgrade on $9.6 billion buyout.

Govt nod must, but no Cairn-like roadblock

Posted: 21 Feb 2011 04:33 PM PST

Reliance Industries will have to seek government approval for its farm-out deal with BP. But it is unlikely to face a deal-breaker that London-listed Vedanta Resources is facing over its proposed $9.6 billion buyout of Cairn Energy's Indian arm.

Shot in the arm for subdued RIL stock

Posted: 21 Feb 2011 04:32 PM PST

The Reliance Industries-BP deal is expected to boost the RIL stock, which, for the last few weeks, has underperformed the market. The deal, in essence, has set a benchmark for part of RIL's explorations assets, market players said. This would also make it easier for analysts to value the company's other assets.

CBI quizzes Videocon's Dhoots

Posted: 21 Feb 2011 11:54 AM PST

CBI on Monday questioned the Dhoot brothers, owners of Videocon group, as it continued to probe private sector beneficiaries of the 2G spectrum allocation scam.

Prez address revives hope for big ticket reforms

Posted: 21 Feb 2011 11:51 AM PST

Hopes for big ticket reforms in next week's Budget to be unveiled by finance minister Pranab Mukherjee have gathered pace in the past five days as top policymakers have talked about pursuing policies to attract foreign investment and creating an investor-friendly environment to sustain the strong momentum.

M&M's US foray hits roadblock

Posted: 21 Feb 2011 11:22 AM PST

Mahindra & Mahindra's much-awaited debut in the US with its light pick-up truck, TR40, has faced a marketing setback with the vehicle fetching American fuel economy rating of 19 miles per gallon (mpg) in the city and 21 on highways.

Kumble to promote Wipro's Santoor

Posted: 21 Feb 2011 08:07 AM PST

The `jumbo' is back in action. This time, it's off the field. Wipro Consumer Care and Lighting (WCCL), part of IT major Wipro, has signed up Anil Kumble to promote its flagship brand Santoor. Industry sources say the two-year endorsement deal may be valued at around Rs 2 crore, including brand promotions on TV, print and radio.

Domestic airlines pay Rs 27.7 lakh as compensation for delays

Posted: 21 Feb 2011 06:54 AM PST

Over 67,500 passengers were affected due to flight delays of over two hours in January, for which six domestic carriers had to shell out a total of Rs 27.72 lakh as compensation.

SAIL to invest $12 bln in 4 overseas plants

Posted: 21 Feb 2011 06:03 AM PST

Steel Authority of India (SAIL) will spend $12 billion to build four overseas plants, mostly funded through debt, its chairman said, as India's biggest domestic producer sets its sights on expansion.

Economy to grow by 8.6% in 2010-11

Posted: 21 Feb 2011 04:02 AM PST

The Prime Minister's economic advisory council on Monday projected the economic growth in the country at 8.6 per cent for the current fiscal on the back of rebound in farm output.

Alibaba.com CEO resigns after jump in fake sales

Posted: 21 Feb 2011 03:24 AM PST

Alibaba.com has replaced its chief executive following a noticeable increase in fraudulent transactions at the Chinese e-commerce firm.

BP and Reliance in $7.2bn oil and gas alliance

Posted: 21 Feb 2011 03:18 AM PST

British oil company BP will take a 30% stake in 23 oil and gas blocks of Reliance and form a 50:50 joint venture between the two companies.

Sensex up sharply by 227 points

Posted: 21 Feb 2011 03:13 AM PST

Fag-end buying on Monday pushed up the BSE benchmark Sensex sharply by 227 points to close at 18,438.31, as investors bought strong stocks at cheaper levels led by IT sector.

Honda launches new 'Accord' for Rs 19.6 lakh

Posted: 21 Feb 2011 02:30 AM PST

Premium car-maker Honda Siel Cars India today launched an upgraded version of its Accord luxury sedan, priced between Rs 19.60 lakh and Rs 25.41 lakh.

Rupee up 12 paise against dollar

Posted: 20 Feb 2011 10:24 PM PST

The rupee was up by 12 paise at 45.08 per US dollar in early trade today on sustained dollar-selling by exporters and corporates amid weakness of the American currency overseas.

Sensex gains 95 points

Posted: 20 Feb 2011 08:54 PM PST

The Sensex rose by over 95 points in opening trade today after witnessing a sharp fall in the previous session on the back of selective buying by funds and retail investors, ignoring a weak trend on other Asian bourses.

Rupee gains 6 paise against dollar

Posted: 20 Feb 2011 08:50 PM PST

The rupee appreciated by 6 paise to Rs 45.14 per dollar at the Interbank Foreign Exchange market today, supported by a higher opening in the stock market and dollar weakness against other currencies.
Posted by Harshad at 9:04 PM

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