Posts Tagged ‘country’

RIL starts projects to expand polyester capacity

Reliance Industries said on Wednesday it had started work on polyester projects in the country as it aims to consolidate its position as the world’s largest integrated polyester producer.

Japan says nuclear crisis stabilizing, time to rebuild

TOKYO (Reuters) – Japan’s nuclear crisis is slowly stabilizing and the country must now focus on repairing the damage wrought by the devastating earthquake and tsunami that struck the northeast coast a month ago, Prime Minister Naoto Kan said.

ICRA assigns `A1+` rating to PTC India

Credit rating agency, ICRA has assigned short term rating of A1+ to the non fund based limits of Rs 15 billion and commercial paper programme of Rs 1 billion of PTC India (PTC). ICRA`s rating action favourably factors in the market leadership position of PTC in the domestic power trading market, the growing power trading volumes in the country facilitated by the enabling regulatory framework and its strong balance sheet with sizable liquidity imparting huge financial flexibility to the…

Assocham calls for deregulating saving bank interest rates

To induce competition and benefit a large number of savings account holders. Assocham has mooted a proposal to the central bank for deregulating saving bank interest rates.

Motilal Oswal Neutral on Adani Power

Motilal Oswal

Warburg Pincus invests USD 100 mn in Nhava Seva

The NDR Group (NDR), one of India`s leading logistics service providers, announced today that an affiliate of Warburg Pincus, the global private equity firm, is making an investment of up to USD 100 million in NDR, for a minority ownership stake in its flagship company, Continental Warehousing Corporation (Nhava Seva) (CWCNSL). This investment by Warburg Pincus will enable CWCNSL to fund the expansion of its businesses and strengthen its position as an end-to-end logistics solutions provider by developing rail-linked inland container depots at various locations across the country….

US fastfood chains bet on India to drive growth

The scramble by global food companies into India’s fast food sector intensified on Monday as several US chains announced plans to enter the country, hoping to tap the surging spending power in Asia’s thirdlargest economy.

U.S. fast-food chains bet on India to drive growth

MUMBAI (Reuters) – The scramble by global food companies into India’s fast food sector intensified on Monday as several U.S. chains announced plans to enter the country, hoping to tap the surging spending power in Asia’s third-largest economy.

Giving Sachin Bharat Ratna would require change of rules

The calls for bestowing Sachin Tendulkar with the ‘Bharat Ratna’ may have got louder after India’s World Cup triumph but giving the country’s highest civillian honour to the batting icon would require tweaking of the criteria that has been laid down for the coveted award.

Corruption hurting inclusive growth: Pranab

Admitting that the benefits of high growth have not reached a large section of the country, Finance Minister Pranab Mukherjee on Friday said inclusive growth cannot be achieved without removing corruption. “Governance failures and corruption in the system affect the poor disproportionately. An inclusive development agenda cannot succeed without addressing these issues,“ Mukherjee said while addressing the CII National Conference and Annual session.

Record pulses output to cut imports drastically: Pranab

Finance Minister Pranab Mukherjee expects a sharp dip in import of pulses, as the country has produced a record 17.29 million tonnes in 2010-11 crop year. “I am told that within a year of launching the initiative of 60,000 pulses villages, assisted by the good monsoons, the agricultural year 2010-11 should see pulses production touch an all-time high of 17.3 million tonnes. This should dramatically cut down our dependence on imports to meet the shortfall in domestic demand,“ Mukherjee said at a CII conference

Country`s economy under strong downward pressure: BoJ

The Bank of Japan says that the country`s economy is under strong downward pressure due to the devastation caused by the earthquake and tsunami.

Wheat prices continue to move down

Wheat prices continued to move down and fell by 0.22% to Rs 1,187.60 per quintal at futures trade today as speculators off-loaded positions since the country is estimated to have a record output this crop year. Adequate stocks at the spot markets amid sluggish demand from flour mills also kept pressure on wheat prices

Jan Lok Pal bill or corruption? What do you want?

I could not stop myself from writing this post on IndianStocksNews.com even though it is not directly related to Indian Stock Markets. It was today morning when I saw, on one of the TV channels, Anna Hazare protesting against corruption and pouring his heart out for Jan lokpal bill