Bangladesh has signed a $1.5 billion deal with India’s NTPC to build a 1,320 MW coal-fired power plant, the country’s biggest, to help ease acute power shortages. Bangladesh’s state-owned Power Development Board (PDB) struck the 50:50 joint venture deal with India’s public sector National Thermal Power Company (NTPC). India’s National Thermal Power Corporation has signed an agreement with the...
Monthly Archives: January 2012
India still is an attractive investment opportunity – E&Y
Consultancy firm Ernst & Young today said India continues to be an attractive investment decision for major global steel manufacturers notwithstanding the fact that so many proposals are yet to take off. “India’s iron ore resources and its surplus production are significant strengths that have not been fully leveraged by the steel industry. This...
Petronet LNG Q3 Profit up 73 Percent – Analysts advice on hold
Petronet LNG Ltd, the nation’s largest liquefied natural gas importer, today reported a 73 per cent rise in net profit in third quarter ended December 31 on back of increased imports. Net profit in October-December increased 72.9 per cent to Rs 295.38 crore, the company said in a press statement. According to a release with the...
J&K Bank Q3 Profit up 27 percent
J&K Bank has posted a net profit of Rs 213 crore for the third quarter ended December 2011, which is up by 27 percent from net profit of Rs.168 crore earned during the corresponding quarter of the previous financial year. The net profit of the bank for the nine months ended December 31, 2011...
Ranbaxy falls 7 percent on US settlement action
Ranbaxy Laboratories’ share price fell close to 7% on Friday, its biggest fall in nearly nine months, as analysts said the company could lose millions of dollars in potential revenues and undergo a time consuming process before it resume supplies to the US from its four banned facilities, after details of the drug-maker’s consent...
All you need to know about the Facebook IPO
The wait for the much anticipated technology IPO of facebook seems to be over. Facebook is planning to file IPO registration papers next Wednesday, according to the The Wall Street Journal. Few additional details so far, except that Morgan Stanley (MS) is expected to be lead underwriter with Goldman Sachs (GS) “also likely to...
SBI Savings Plus – By far the best savings account that you can open in India
Why am I saying this. Normal savings accounts with any private banks give you an interest of 4 to maximum of 6% on your amount. But with SBI savings plus you get an interest of excess of 9%. Plus, the most important thing, you can deposit and withdraw anytime. It is the best auto...
Petrol to cost Rs 90 per Liter by end of 2012 in India
Demand from emerging markets and financial flows will keep crude prices high and volatile at around $105-125 per barrel in 2012, Petrobras Chief Executive Jose Sergio Gabrielli said on Saturday. At the current crude price petrol in India is costing around Rs 75 per liter. So with the expected price rise in the year,...
Pfizer net Profit Rises Marginally – Thinking of Micro Labs Buyout
Pfizer Ltd. (500680.BY), the Indian unit of drug maker Pfizer Inc. (PFE), Saturday reported a modest 2.7% sequential rise in third-quarter net profit as the company managed to cut costs faster than the drop in sales. Pfizer Ltd, the Indian unit of world’s top drugmaker Pfizer Inc, on Saturday reported a net profit of 482.8 million rupees...
Places where you can do rafting and kayaking in India
Rafting and Kayaking White Water Rafting – Many a river in the country specially the North Indian Rivers present themselves as a collection of the best white water in the world within a small geographical location (taking in to account only North India). A number of Lakes in the Kumaon Region and The Ganga...