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Popular Articles

Interest rates unlikely to rise in FY10: Bankers
When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.

State's cotton crop likely to rise 15%
Despite recent floods in northern districts and subsequent damage to the standing crops, Karnataka, the sixth largest producer of cotton in the country, is likely to increase its cotton output this year by around 15 per cent to a little over one million bales (1 bale = 170 kgs). The state, which produced 900,000 bales of cotton from 390,000 hectares in 2008-09, had earlier set a target of 25 per cent growth in cotton output and 21 per cent increase in area under cultivation at 490,000 hectares.

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Markets await a clear direction
A late charge by bulls helped key indices surpass crucial resistance levels. However, select momentum indicators are currently in a sell mode even while the trend is up. It seems that markets will remain directionless until a clear breakout in either direction appears.
Small Business

C&C bags two orders worth Rs 375 cr

C&C Constructions Ltd, a Gurgaon-based infrastructure development company, has bagged two orders worth Rs 375 crore from Jaiprakash Associates Ltd. - GVK Power inks power purchase deal with Punjab govt - GMR posts 33% rise in net profit at Rs 280 cr - Govt likely to allow AAI to raise Rs 5,000 cr - IBM, India Glycols team up for IT infrastructure services - Second phase of Bharat Nirman to have higher targets: Patil - Govt to soon clear PPP projects in infrastructure The orders does not include the cost of major raw materials and capital equipment, which are being supplied by Jaiprakash Associates Ltd. The orders received are for constructing a rigid pavement and granular layers on 110 kms of road length on the Yamuna Expressway. The work is to be completed by September 2010. The order book of the company as on date is valued at over Rs 3,100 crore, which shall get executed over a period of next 30 months.


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