Vienna - The price for oil pro

Power and automation technologies firm, ABB India has declared its financial results, posting 11 per cent increase in its profit at Rs 547 crore for the fiscal ended December 31, 2008. The firm earned total revenue of Rs 6,967.50 crore for the fiscal as compared to Rs 6,001.40 crore during last year.

Meanwhile, the Board of ABB appointed Gary Steel as its director and chairman, who is currently serving as Head of Human Resources and Member of the Group Executive Committee of ABB group of companies.

Vienna  - The price for oil produced by the Org

Hanoi  - Inspectors acknowledged eight previously unreported cracks in a 130-metre-high dam under construction in the province of Son La, Vietnamese media reported Friday.

Inspectors from the Vietnam Electricity Corporation (EVN), the main investor in the Son La dam, reportedly found five major cracks and three small ones in addition to two that had been previously reported. The cracks were discovered between September and December.

The half-millimetre-wide cracks range from 8 metres to almost 100 metres in length, and run up to 6 metres into the body of the dam.

Washington - Renewable energy in the United States could get a significant cash boost by early summer after President Barack Obama signed a massive
787-billion-dollar economic stimulus package this week, the administration said Thursday.

Energy Secretary Steven Chu said his department was doing its best to speed up the evaluation of new projects and expected about 70 per cent of the total energy funds to be used by the end of 2010.