Government owned companies, the Nuclear Power Corporation of India (NPCIL) and NTPC would jointly work for setting up nuclear power plants, in a bid to over come shortage of power, indispensable to propel economic and industrial growth of the country.
The MoU was signed by NPCIL Chairman and Managing Director, S. K. Jain and NTPC Chairman and Managing Director, R. S. Sharma in the presence of Union Minister of State for Power and Commerce Jairam Ramesh and Anil Kakodkar, the Atomic Energy Commission Chairman of country.
India's largest steel company, Tata Steel hopes early recovery of normalcy in steel market, the worst hit segment due to decline in auto sales and customer spending, under the impact of global slowdown and recession like conditions across the world.
Hinduja group owned Commercial vehicles manufacturer, Ashok Leyland has announced various measures to tackle situation caused under the impact of global slowdown, including reshaping of its investment plans from Rs 3,200-3,300 crore to Rs 2,000 crore, cost cutting measures, salary cut and retrenchment in some segments.
Reliance Infrastructure Ltd plans a special program to buy-back shares worth $143 million, in a bid to reduce outstanding number of equity shares in troubled times, till mid April. The firm would buy shares at maximum price of Rs 700 per share with premium of 27 per cent to the prevailing market price. Soon, it would start buy back process through open market purchase.
The firm hopes increased earning per share, leading to improvement in net worth. The company had also brought back 87.60 lakh shares worth Rs 796 crore trough an open offer closed on Feb 6, 2009.
India's power generation capacity may increase by 500 to 4,000 MW in months to come following RIL's contribution of around 18 mmscd gas from KG basin D6 block. Country, mainly dependent on import of liquefied gas and other petroleum products, has a reason to cheer as it would help to cut import bill, a big burden of state exchequer.
Korean car maker, Hyundai Motors, has announced hike in prices of its models up to Rs 14,636, in a bid to mitigate the impact of increase in input costs. Country's second largest car maker after Maruti Suzuki maintains that price hike is a timely step to cover losses due to rising input costs.
The decision makes Santro, i10 and Accent models dearer in the range of Rs 3,601 to Rs 14,636. However, prices of i20 and Santro are not revised and both would come under introductory price scheme.
Government owned companies, the Nuclear Power Corporation of India (NPCIL) and NTPC would jointly work for setting up nuclear power plants, in a bid to over come shortage of power, indispensable to propel economic and industrial growth of the country. 
India's largest steel company, Tata Steel hopes early recovery of normalcy in steel market, the worst hit segment due to decline in auto sales and customer spending, under the impact of global slowdown and recession like conditions across the world. 
Hinduja group owned Commercial vehicles manufacturer, Ashok Leyland has announced various measures to tackle situation caused under the impact of global slowdown, including reshaping of its investment plans from Rs 3,200-3,300 crore to Rs 2,000 crore, cost cutting measures, salary cut and retrenchment in some segments. 
Reliance Infrastructure Ltd plans a special program to buy-back shares worth $143 million, in a bid to reduce outstanding number of equity shares in troubled times, till mid April. The firm would buy shares at maximum price of Rs 700 per share with premium of 27 per cent to the prevailing market price. Soon, it would start buy back process through open market purchase.
India's power generation capacity may increase by 500 to 4,000 MW in months to come following RIL's contribution of around 18 mmscd gas from KG basin D6 block. Country, mainly dependent on import of liquefied gas and other petroleum products, has a reason to cheer as it would help to cut import bill, a big burden of state exchequer.
Korean car maker, Hyundai Motors, has announced hike in prices of its models up to Rs 14,636, in a bid to mitigate the impact of increase in input costs. Country's second largest car maker after Maruti Suzuki maintains that price hike is a timely step to cover losses due to rising input costs. 
