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Power business to boost profitability and reduce sector specific risk
Nakoda has a small presence in the renewable energy space through its 6.75 MW wind power project in Tamil Nadu which was commissioned on October 2010. It plans to commission another 5.25 MW of wind power from its second project located in Madhya Pradesh in March 2011. In CY2012, we expect revenues of Rs 12.68 crore and profits of Rs 5.69 crore from the wind power business.

In Phase 1 of its Rs 333 crore expansion that has been completed, Nakoda has established a 1,40,000 TPA Continuous Polymerization Plant (CPP) which will cater to the needs of the downstream expansion POY) besides expanding margins by 190 bps. FDY & DTY stand at 59,500 (+ 205%) & 29,870 (+ 2692%) tpa respectively while production from these capacities is expected to stabilize by the middle of Q1CY2011.

Boris Johnson, the mayor of London has supported a report that calls for a new airport to be set up in London which will be acting as the hub. Boris said that the airport needs to be set up in south-east England.

He said that if the airport is not started then the economy will be at a loss and so will be the people because they would lose their jobs to other places where the airport (s) will become operational.

The mayor reiterated on the fact that London remains at the centre of global business and having aviation links is very important so that it still remains competitive even in the future.

Many of the bankers do not value their great - bulk payments. The chairman of Royal Bank of Scotland confessed previous night. Sir Philip Hampton condemns the honors given out to middle-of-the-road 'journeymen' who encircle the much gifted and worthy 'stars'. The star eminence, he expressed, appeared to strain down to the one who didn't in fact have it.

Sir Philip's bank is 84 per cent possessed by the state, further stated that investors in the financial Goliath's, out of them a few are pensioners, had a 'quiet devastating' time.

India's major Engineering Company Larsen & Toubro has declared an 11% rise in net profit for the third quarter but subsequently reported delays in the order inflows in FY11.

Chief financial officer YM Deosthalee said that March remains the crucial month for them. If orders get delayed or deferred after March then the company has to miss order inflow guidance because sizeable amount of orders have to be decided in March only.

TCS reported higher profits in third quarter after receiving orders from Deutsche Bank AG and Hilton Worldwide Inc.

Tata Consultancy Services Ltd, India's top exporter of software has expected a strong demand for outsourcing services and manages to add 35 new clients in Q3.

The company is expecting the same drive in near future also. Although macroeconomic conditions continue to be very dynamic but still customers are forecasting growth and are optimistic for the future, said by TCS chief executive N. Chandrasekaran.