Coal reserves offer no relief for India fuel crunch
Sun, 27 Jul 2014 00:04:38 -0700India sits on one of the world's biggest coal reserves, yet its power stations are starved of the fuel with some idle and others running dangerously low on supplies. Coal accounts for nearly 60 percent of India's electricity, and the country's biggest utility company warned the government this month that supplies at many plants were severely depleted. While the government has rushed to avert an ...
Cairn India stock falls as June quarter profit plunges 65%
Thu, 24 Jul 2014 02:17:16 -0700Net profit in April-June quarter fell 65 per cent to Rs 1,093 crore, or Rs 5.76 a share, from Rs 3,127 crore, or Rs 16.36 a share, in the same period a year ago, the company said in a statement.
GAIL (India) slips in volatile trade
Mon, 28 Jul 2014 02:12:11 -0700GAIL (India) fell 1.03% to Rs 423.50 at 12:51 IST on BSE, with the stock reversing initial gain triggered by the company announcing signing of a Memorandum of Understanding with Sumitomo Corporation, Japan.
Indias Reliance Power to buy Jaypee hydropower stations
Mon, 28 Jul 2014 00:22:29 -0700India's Reliance Power will buy three hydropower plants from Jaiprakash Power Ventures for an undisclosed sum to cut its dependance on coal, the firm said Monday. The deal will make Reliance Power -- controlled by billionaire Anil Ambani, the younger brother of India's richest man Mukesh Ambani -- the largest private provider of hydroelectric power in India, the firm's statement said. Reliance ...
India Threatens to Derail WTO Deal, Prompts Angry US Rebuke
Fri, 25 Jul 2014 23:40:11 -0700India on Friday said it wanted "visible" signs the World Trade Organization would agree to its vast food subsidy schemes before approving a landmark global customs pact as talks went down to the wire.
Cairn tanks on $1.25-b loan to Sesa arm
Thu, 24 Jul 2014 10:59:16 -0700The Cairn India stock was marked down nearly 7 per cent in today’s trade. This is more a reflection of the market’s disappointment over the surprise revelation of a big-ticket loan given by the company to a related party, and less about Cairn’s weak show in the June quarter.
India Pulls Chain To Derail Global Trade Deal
Fri, 25 Jul 2014 22:05:30 -0700India on Friday said it wanted "visible" signs the World Trade Organization would agree to its vast food subsidy schemes before approving a landmark global customs pact as talks went down to the wire.
SEBI chief: Lesser dependence on bank funding key to growth
Sat, 26 Jul 2014 04:41:31 -0700If India is to grow at a pace matching the aspirations of the people, the dependence on bank finance should come down and the task of the Securities and Exchange Board of India (SEBI) is to educat...
Market thumbs down Cairn’s loan to related party
Thu, 24 Jul 2014 05:15:41 -0700The Cairn India stock was marked down nearly 7 per cent in today’s trade. This is more a reflection of the market’s disappointment over the surprise revelation of a big-ticket loan given by the co...
A Buying Opportunity in This India ETF
Wed, 23 Jul 2014 05:00:48 -0700It has been a banner year for exchange traded funds tracking Indian stock. That much is highlighted by two India ETFs ? the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) and the WisdomTree ...