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Entry India

Connecting Businesses with Opportunities

IBEF

  • Thermax, Babcock ink JV for supercritical boilers
  • Areva awarded switchyard contract of 1,000 Mw
  • ITsAP sees 20% growth in exports in FY11
  • K'taka mulls global financial district
  • Siva Group buys stake in Norwegian mineral water brand
more

India Together

  • Untying the states from the Centre's expenditure plans
  • The knowledge economy and the knowledge society
  • Organic veggies in my Inbox
  • Penury and peril from the Narmada's waters
  • Bhor: After a long, dark night
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The Financial Express

  • Indian ADRs gain $8 bn in a week
  • SEBI extends ambit of employees quota
  • Inflation series with new base yr from May 14
  • Nissan to review Pixo sourcing deal with Suzuki
  • Industrialist G P Birla dead
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News aggregator

Thermax, Babcock ink JV for supercritical boilers

IBEF - 11 hours 36 min ago
Mumbai: Power solutions provider, Thermax Ltd, has signed an agreement with US-based Babcock & Wilcox Power Generation Group, Inc for forming a joint venture to manufacture supercritical boilers for the Indian power sector.
Categories: US India Industry Associations

Areva awarded switchyard contract of 1,000 Mw

IBEF - 11 hours 36 min ago
New Delhi/Lucknow: Energy transmission and distribution major, Areva T&D India Ltd, has been awarded a contract for the construction of switchyard for Uttar Pradesh Rajya Vidyut Utpadan Nigam's 1,000 mega watt (MW) thermal power project in Sonebhadra district to meet the increasing power demand in the state.
Categories: US India Industry Associations

ITsAP sees 20% growth in exports in FY11

IBEF - 11 hours 36 min ago
Chennai/Hyderabad: The IT and ITeS Industry Association of AP (ITsAP) expects growth of about 20 per cent in software exports from Andhra Pradesh in the next financial year, according to its President, Mr Narasimha Rao.
Categories: US India Industry Associations

K'taka mulls global financial district

IBEF - 11 hours 36 min ago
Chennai/Bengaluru: The Government of Karnataka plans to set up a global financial district in Devanahalli as a hub for financial institutions to cater to industrial banking and finance. The government will adopt a public private partnership (PPP) or joint venture (JV) model for the district, according to the state's Minister for Large and Medium Industries, Mr Murugesh Nirani.
Categories: US India Industry Associations

Siva Group buys stake in Norwegian mineral water brand

IBEF - 11 hours 36 min ago
Chennai: The Chennai-based Siva Group, a US$ 3-billion (Rs 14,000 crore) diversified conglomerate, has acquired a 50 per cent stake in Isklar, a Norwegian glacial natural mineral water company.
Categories: US India Industry Associations

FII net inflow in equities crosses $2 bn

IBEF - 11 hours 36 min ago
New Delhi: The strong post-budget rally has seen the net inflow from foreign institutional investors (FIIs) crossing the US$ 2-billion mark so far this year.
Categories: US India Industry Associations

Indian stocks better than China in long-term returns: Franklin Templeton

IBEF - 11 hours 36 min ago
New Delhi: According to Franklin Templeton Investments, India offers better long-term returns on stocks than China, given the outlook for economic growth and corporate earnings.
Categories: US India Industry Associations

NMDC issue gets over pricing blues

Business Standard - Thu, 03/11/2010 - 13:44
After a sedate start yesterday, the follow-on public offer of NMDC saw interest reviving on the second day of book building, with bids for 79 per cent of the shares on offer.
Categories: India Business

Govt rejects relaxing foreign donation rules

Business Standard - Thu, 03/11/2010 - 13:42
Contributions by Indian firms with over 50% foreign holding to be treated as foreign sources.
Categories: India Business

Bonus season over, job churn begins at i-banks

Business Standard - Thu, 03/11/2010 - 13:40
Stuart Gulliver, head of HSBCs global investment banking business, is planning to give away the 9 million bonus he received this year to charity. Many investment bankers in India, however, are charting moves of a different kind after receiving their bonuses up to 100 per cent in most cases.
Categories: India Business

Fortis buys 24% in singapore healthcare giant

Business Standard - Thu, 03/11/2010 - 13:38
Malvinder to be Parkway chairman; acquisition will form Asias largest hospital chain.
Categories: India Business

GE Healthcare ups India focus with CT facility

IBEF - Thu, 03/11/2010 - 00:00
Bengaluru: GE Healthcare, the US$ 17-billion division of General Electric Company, has announced the expansion of its Bangalore manufacturing operations to enable more customised products for local use and has also rolled out its first computer tomography (CT) system manufactured in India.
Categories: US India Industry Associations

Indian cos in hiring mode, may add 1 million jobs in FY11

IBEF - Thu, 03/11/2010 - 00:00
New Delhi: Indian companies are the most optimistic on hiring plans for April-June 2010, with the organised sector expected to create close to a million new jobs in FY11, driven by a revival in economic growth and strong job opportunities, according to two global employment trend surveys.
Categories: US India Industry Associations

Govt likely to infuse Rs 9,500 crore in banks in Q1: Banking secy

IBEF - Thu, 03/11/2010 - 00:00
New Delhi: The government will provide Rs 9,500 crore (US$ 2.1 billion) for the recapitalisation of public sector banks in the first quarter of 2010-11, while about Rs 7,000 crore (US$ 1.54 billion) will be infused during the rest of the fiscal year.
Categories: US India Industry Associations

CCCL Infra looking at PE for Rs 2,000 cr investment

IBEF - Thu, 03/11/2010 - 00:00
Chennai: CCCL Infrastructure Ltd, part of the Chennai-based Consolidated Construction Consortium Ltd, plans to raise money through private equity for its proposed investments to the tune of around Rs 1,500 crore (US$ 330.2 million) - 2,000 crore (US$ 440.3 million). The company plans to foray into power generation and logistics business.
Categories: US India Industry Associations

Singareni to invest Rs 5,600 cr in four years

IBEF - Thu, 03/11/2010 - 00:00
New Delhi: Singareni Collieries Company Ltd (SCCL), India's second-largest coal producer, plans to foray into commercial power generation and invest Rs 5,600 crore (US$ 1.23 billion) over the next four years to set up a 1,200-mega watt (MW) thermal power plant in Andhra Pradesh.
Categories: US India Industry Associations

Aditya Birla Minacs buys UK-based BPO

IBEF - Thu, 03/11/2010 - 00:00
Mumbai: Aditya Birla Minacs, the information technology business solutions firm, has announced the acquisition of UK-based Compass BPO, a finance and accounting (F&A) services provider. The company will take over all operations of Compass BPO across the UK, US, West Asia and India.
Categories: US India Industry Associations

NMDC expects 50 mt production by 2014

IBEF - Thu, 03/11/2010 - 00:00
New Delhi: NMDC Ltd, the country's largest iron ore producer, is expected to increase its production to 50 million tonnes (MT) by 2013-2014 from the present 30 MT. The company plans to invest Rs 15,600 crore (US$ 3.44 billion) in the next five years for setting up a steel plant in Chhattisgarh and Rs 1,400 crore (US$ 308.3 million) on pallet plant projects, according to NMDC Chairman, Rana Som.
Categories: US India Industry Associations

NMDC FPO gets poor response on day one

Business Standard - Wed, 03/10/2010 - 13:53
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO).
Categories: India Business

More losses for oil companies as price rise option closes

Business Standard - Wed, 03/10/2010 - 13:51
Even before the start of the new financial year, the spectre of rising losses during 2010-11 has begun to haunt the three state-controlled oil marketing companies that account for over 90 per cent of the countrys retail petroleum products market.
Categories: India Business
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