With $38-bn cash, Warren Buffett looks for deals
Warren Buffett is looking for acquisitions as an outlet to deploy his USD 38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
China's Premier Wen says yuan reform to remain gradual
China's exchange rate reform will remain gradual in order to allow businesses to steadily adapt, Chinese Premier Wen Jiabao said on Sunday.
Pranab releases Rs 150 commemorative coin
Finance Minister Pranab Mukherjee today said direct taxes collections have risen by 20% to Rs 3.35 lakh crore so far during the current financial year.
The avid dealmaker, Mukesh Ambani
Mukesh Ambani does not do small. He is the richest man in Asia, chairman of India's biggest listed company, and lives in one of the largest and most expensive homes in the world.
Railway Budget 2011 analysis: Gupta Equities
Gupta Equities has come out with a report on Rail Budget.
Eco Survey: Aviation industry saw strong recovery in 2010
The civil aviation industry, which was hit hard by the global financial meltdown and high fuel cost, saw a strong recovery in 2010 with the domestic passenger traffic rising 19 per cent to 51.53 million, the Economic Survey said today.
China FX chief says hard to invest in commodities
China cannot invest much of its foreign currency riches in the global commodities market, because doing so would only push up the prices of the raw materials that the economy depends on, the country's top money manager said on Saturday.
Cement sector: What are the key challenges?
Cement industry currently faces multiple challenges both internal and external. On one hand, demand is moderating especially in the North region and muted to negative growth in Southern region, industry is also facing higher input and fuel costs.
9 stocks to buy from real estate post crash
PINC Research has come out with a report on India Real Estate sector with 9 stocks recommended.
Parliament panel suggests regulatory body for cement sector
A Parliamentary panel reviewing the performance of the cement industry today suggested that the government set up a statutory regulatory body to check the possibility of cartelisation and price rise, reports PTI.
Hold Mphasis; target of Rs 500: PINC Research
PINC Research has recommended hold rating on Mphasis with a target of Rs 500, in its February 25, 2011 research report.
Mizuho to buy out units in $4 bn deal: Source
Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, in a roughly USD 4 billion deal aimed at helping the lender grow beyond sluggish commercial banking business in Japan.
Govt revives plan to sell 7 units of Cement Corporation
The government is planning to put seven non-functional units of Cement Corporation of India on the block and invest the proceeds into the three financially viable units of the public sector cement producer, reports Economic Times.
Accumulate Aban Offshore; target of Rs 680: Emkay
Emkay Global Financial Services is bullish on Aban Offshore and has recommended accumulate rating on the stock with a target of Rs 680 in its February 25, 2011 research report.
Coal shortage: Power, cement companies to be affected
Power producers are in for tough times this year, with plant load factors (PLF) of several producers falling by as much as 20% due to acute coal shortage. This might spill over into the new financial year too, since there just isn’t enough coal available to feed India’s steel and power production facilities, reports Business Standard.
Karnataka to test smart power grids soon
A smart power grid, which Karnataka is set to test soon, can help eliminate load-shedding with proper load management, reports The Hindu.
Indian Railway budget 2011-12: Asit C. Mehta
Asit C. Mehta has come out with a report on Indian Railway budget 2011-12.
Reliance Power frontrunner in race to supply 3,000 MW to UP
Reliance Power has emerged the frontrunner among six shortlisted entities for a tender floated by Uttar Pradesh Power Corporation Ltd (UPPCL) to buy 3,000 MW of power for 25 years starting 2014, sources close to the development told Economic Times.
LG launches new range of ACs
LG Electronics India unveiled its new range of air-conditioners, aimed at consolidating its leadership position in the Indian AC market in 2011, reports The Hindu.
Plan to enter newer markets: Wipro Lighting
Wipro Lighting and Furniture Business, a division of Wipro Ltd , plans to enter newer markets that are growing after the global financial crisis in 2008, reports The Economic Times, quoting a top company official.
Govt may share research with electronics industry
The government is mulling over whether to share research done at its two premier institutions -- the DRDO and CSIR -- with the domestic electronics industry to enable them to make quality products for the market, reports Business Standard.
Rail Budget 2011 review: Nirmal Bang
Nirmal Bang has come out with a report on Railway Budget 2011.
Telecom revolution yet to reach most villages: Survey
As per the Economic Survey, India may have achieved a teledensity of over 65%, but as many as 62,443 villages are still to get a taste of telecom revolution that started since 1995-96, reports the Economic Times.
Power firms seek extension of tax sops in budget
Indian power sector expects the government to continue its thrust on infrastructure and pins its hopes on incentives for the renewable energy sector and extension of sunset clause under Income Tax Act in the budget for 2011-12 to be tabled in parliament on February 28, reports Reuters.
Panasonic to recycle e-waste in India
Japanese consumer durables firm Panasonic will reach out to its customers in India for recycling of electronic items as part of a global campaign to become the No 1 ‘Green Innovation Electronics Company´ by 2018, reports livemint.
