India Business

Bullion Update and Market Outlook: Nirmal Bang

GoldGold inched up on Friday, keeping gains above $900 after rallying to a three-week high the previous day, while holdings of the world's biggest gold-backed exchange-traded fund dipped further away from a record high. Prices were supported as physical demand from India, the world's largest consumer, has picked up ahead of the Akshaya Tritya festival on April 27, an auspicious time for gold buying.

Holdings at the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust dropped to 1,104.45 tonnes as of April 23, down 1.53 tonnes or

Bajaj Hindustan Registers 89% Growth: Nirmal Bang

bajaj hindusthanThe company reported Net Sales including operating other income of Rs 515.93 Crs in Q2 FY 09 as against Rs 500.04 Crs in Q2 FY 08 an increase of 3.08% on YoY basis and Rs 362.24 Crs in Q1 FY 09 an increase of 29.79% QoQ basis.

The company reported an EBIDTA of Rs 279.86 Crs in Q2 FY09 as against Rs 392.70 Crs in Q2 FY08 a decline of 40.32% YoY basis and against Rs 353.22 Crs in Q1 FY09 a decline of 26.21% QoQ basis as lower production cost and deprecation cost has increased.

Honda to enter small-car segment; launch ‘JAZZ’ by June this year

Honda to enter small-car segment; launch ‘JAZZ’ by June this year     After a long-waiting period Honda Siel Cars (HSCI), the largest player in the mid-size cars, has finally decided to enter the small car market segment, with launch of its latest model 'Jazz'.

According to reports, the new car will have a new 1.2 litre engine, which was developed exclusively for the Indian market, carrying highest fuel efficiency in its segment.

In addition, Jazz will have all the features found in a premium large car.

KEC International wins two new orders worth Rs 95 crore

KEC International wins two new orders worth Rs 95 croreKEC International, one of the largest Power Transmission EPC companies in the world, has received two new orders worth Rs 95 crore in Mozambique and Namibia.
 
According to an official statement, the first order, which is for Mozambique includes construction of a 100 km-110 kv transmission line and substation in Cabo Dalgado region.

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms

L&T to sign ‘Nuclear Co-operation Pact’ with two overseas firms According to latest reports, it has been revealed that country's largest engineering and construction conglomerate, Larsen & Toubro (L&T) is all set to enter nuclear power plant construction business.

Sources familiar with the development informed that the engineering and construction firm is presently in talks with two overseas firm and will soon sign a cooperation agreements with General Electric Hitachi of the US and Areva of France, two of the largest vendors of reactors, within time period of 3 to 4 weeks.

Akshaya Prasad resigns from Goldman Sachs; joins Greater Pacific Capital

Akshaya Prasad resigns from Goldman Sachs; joins Greater Pacific Capital Akshaya Prasad, the infrastructure head of financial services bigwig Goldman Sachs, has resigned after his nine-year stint at the company. He has joined private equity firm Greater Pacific Capital, where he has been appointed the co-head of Greater Pacific's India business.

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