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Amritha Pillay 07 July 2010
Hydropower generation in Punjab has improved by almost 40% over the past month at its three main hydropower stations, according to Central Electricity Authority data Northern Indian States have been witnessing heavy rainfall over the past two days. However, the heavy showers have been a...

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Moneylife Digital Team 07 July 2010
GEI Industrial Systems said it won orders worth Rs60.82 crore from power, oil and gas industries. In power sector, the company has received orders of Rs38.45 crore, from ThyssenKrupp Industries India Pvt Ltd and Cethar Vessels Ltd for air cooled vacuum steam condensers. The other order is from...

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Moneylife Digital Team 07 July 2010
JSW Steel Ltd reported a growth of 14% in crude steel production for the first quarter financial year (FY) 2011 compared to that of the corresponding quarter of the last fiscal year. The company's crude steel production for the first quarter of financial year 2011 was 1.574 million tonnes....

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Moneylife Digital Team 07 July 2010
Religare Enterprises Ltd reported a full year net profit of Rs96.92 crore for the year ended 31 March 2010 as compared to net loss of Rs63.58 crore the previous year. During the period, the company’s total revenues increased 40% to Rs1,675.22 crore from Rs1,194.5 crore. On a standalone basis,...

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Moneylife Digital Team 07 July 2010
Godrej Properties Ltd, the real estate development arm of the Godrej Group, said it will set up a residential project in the NCR (National Capital Region) in North India. The company has entered an agreement to develop about 1.1 million sq ft on nine acres of land in Sector 80 of Gurgaon.

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Moneylife Digital Team 07 July 2010
India Tourism Development Corp Ltd (ITDC) said it appointed Anand Kumar as the director of the company. On Wednesday, ITDC shares closed 4.97% up at Rs104 on the Bombay Stock Exchange, while the Sensex ended at 0.81% down at 17,471 points.

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Moneylife Digital Team 07 July 2010
SBI Funds Management Pvt Ltd the investment managers of SBI Mutual Fund said it appointed Dharmendra Grover as fund manager. Mr Grover will manage SBI MF's Magnum MultiCap Fund, SBI Tax advantage Fund - Series I, Magnum Investment NRI-FAP and Magnum Balanced Fund. Earlier, he worked with...

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It’s time to push the ‘coaching-class’ industry out of existence "It is important that students bring a certain ragamuffin, barefoot, irreverence to their studies; they are not here to worship what is known, but to question it." - J Bronowski, The Ascent of Man Our education system has been...

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Volkswagen is trying its best to penetrate the booming Indian auto market, after a much-delayed start This has never been attempted before in India. First, a huge banner is drawn up, covering the front of the 10-storey DLF Towers in the heart of Connaught Place, New Delhi. On a windy day....

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Moneylife Digital Team 07 July 2010
Increase in income from agriculture and growth in the overall rural economy coupled with huge migration of labourers to the Gulf countries are impacting the steady flow of skilled and unskilled job workers in the construction sector The construction sector is facing labour shortage of around...

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Moneylife Digital Team 07 July 2010
The company has already signed power purchase agreements with two players for medium-term power supply Anil Ambani-led Reliance Infrastructure (R-Infra), which supplies power to Mumbai suburbs, will buy electricity from three generation companies for the next three years, reports PTI. The...

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Moneylife Digital Team 07 July 2010
Bharti Airtel CEO Manoj Kohli told reporters in Lagos that the company will also invest in rural telephony and introduce a corporate social responsibility programme that includes setting up schools that would offer free education to underprivileged children in rural communities India's...

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Moneylife Digital Team 07 July 2010
Subject to availability of spectrum, most operators would like to launch services as soon as possible as they are eagerly looking to recover the cost of BWA spectrum that was auctioned in June, WiMAX Forum chairman CS Rao said WiMAX Forum, a representative body of WiMAX players, on Tuesday...

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Moneylife Digital Team 07 July 2010
On continuing with HDFC’s ‘teaser’ home loan rate, Keki Mistry said the benefit of lower cost of funds is being passed on to customers Leading home loan lender HDFC today said a hike in interest rates by banks is unlikely in the near-term, notwithstanding an increase in key lending and...

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Moneylife Digital Team 06 July 2010
Reliance Power’s merger with RNRL will mean little to either companies. It also underlines how wrong the market can be about a stock’s value Reliance Natural Resources (RNRL) stock plummeted 27.6% on Monday to Rs 46.4, from the previous day's closing price, followed by a further weakening on...

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Moneylife Digital Team 06 July 2010
Watch 17,900 on the Sensex for the up-move to continue The market ended the trading session in the green on strong global cues. The Sensex settled at 17,614, up 173 points (1%). The Nifty was at 5,289, up 53 points (up 1%). The market pared early losses taking support from Asian markets, which...

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Moneylife Digital Team 06 July 2010
The IPO received just 1.83 lakh bids from the total reserved quota of 1.38 crore shares on offer Hindustan Media Ventures (HMVL), the publisher of Hindi daily ‘Hindustan’ has received a dismal response for its initial public offer (IPO) on day two of the issue. The retail quota received...

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Moneylife Digital Team 06 July 2010
Reliance Industries has told the government that it will not sign contracts to supply gas from its Krishna-Godavari D6 fields beyond 60 million units a day, as it may not be able to sustain higher production Reliance Industries (RIL) has told the government that it will not sign contracts to...

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Moneylife Digital Team 06 July 2010
Chennai-based Bafna Pharmaceuticals Ltd said it received site approval from UK-based Medicines and Healthcare Products Regulatory Agencyfor its products Clonazepam 0.5 mg and Clonazepam 2 mg tablets. Clonazepam belongs to a group of drugs called benzodiazepines. Benzodiazepines are...

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Moneylife Digital Team 06 July 2010
Thomas Cook (India) Ltd, a travel and financial services company, said it launched nine foreign exchange and travel counters at the newly opened Terminal 3 in the New Delhi International Airport. The one stop shop counters by Thomas Cook will not only offer foreign exchange services to the...

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