Indian Power Companies are looking for equipment from Japan and China

The growing power demand in the country is turning out to be great news for international electrical equipment manufacturers. Power majors like Tata Power Company (TPC), Reliance Energy (REL), National Thermal Power Corporation (NTPC) and Larson & Tubro (L&T) are currently in negotiations with several global leaders for equipment orders that could add up to millions of dollars.
TPC is in talks with Japanese companies Hitachi, Mitsubishi and Toshiba for super-critical technology, said sources. REL has already joined hands with Shanghai Electric for sourcing equipment for its three projects — Hisar (1,200 MW), Yamunanagar (600 MW) and Rosa (1,200 MW). The company is planning to continue the tie-up for its forthcoming projects also, the sources added.

ICICI Bank will be in list of top 100 global FIs

Raising $5 ICICI Bankbillion through a follow-on equity offering may see the country’s largest private sector entity, ICICI Bank breaking into the top 100 financial institutions in the world, in terms of market capitalisation. The bank, whose current market capitalisation is $18.89 billion (Rs 77,834 crore), presently stands at the 111th position among the top 150 financial institutions in the world, when compared on an m-cap basis. Raising $5 billion through the equity offer will take ICICI Bank to a position of 84 in this list.

Uday Shankar Moves From MCCS To STAR India As COO

Star IndiaThe CEO of Media Content and Communications Services (MCCS) has been chosen as the COO of STAR India. MCCS is a 74:26 percent venture between Ananda Bazaar Patrika and STAR Group.
The declaration was made in a combined report by Star and MCCS. Mr. Shankar will shortly join Star India and keep an eye on the company’s overall functioning.
He will report to Paul Aiello, the chief executive officer of STAR Group.

UTI Bank To Raise Rs. 2000 Crore Fresh Capital

UTI BankUTI Bank executive director of corporate strategy, Asok Kumar has announced that they have dec

Google To Bring Out PowerPoint Killer

Google IncThe Mountain View, California based Google Inc is planning to bring out PowerPoint killer,

Rising Rupee Could Go Weak

Indian CurrencyAccording to the reckonings of Treasury managers and economists, the rupee could slide back to its 43 levels against the US dollar by the end of this calendar year; the short term gains of the local currency indicated at a weaker currency over the medium term.

Pages

News in Focus

EvenBet Gaming to Showcase Next-Gen Poker Features at SBC Summit Lisbon 2025

The global iGaming industry continues its rapid transformation, and EvenBet Gaming is positioning itself at the forefront with a fresh wave of poker innovations.

AI-based Betting Prediction Systems - Is It Reliable?

Artificial Intelligence (AI) is everywhere these days—helping doctors analyze scans, guiding investment str

NuxGame Expands in Romania with Class II B2B iGaming License

NuxGame has taken a decisive step forward in its European journey by securing a Class II B2B gambling license in Romania, awarded by the country’s National Gambling Office.

AAP and Congress Term Central Government's Rs 1600 Crore Punjab Flood Relief "Grossly Inadequate"

The Rs 1,600 crore flood-relief package announced by Prime Minister Narendra Modi during his visit to Punjab’s Gurdaspur has triggered an intense political storm.

UltraTech Cement Share Price Target at Rs 15,200: Motilal Oswal Research

Motilal Oswal Research has issued a bullish 'BUY' recommendation on UltraTech Cement, forecasting robust growth powered by aggressive regional expansion, sustainability initiatives, and a clear tra

CESC Limited Share Price Target at Rs 204: ICICI Securities

ICICI Securities has maintained BUY recommendation on CESC, with an ambitious target price of Rs 204, implying an upside potential of approximately 33% from the current market price of Rs 153 as of