Asia-Pacific now world's biggest aviation market

The Asia-Pacific region has overtaken North America as the world's largest air travel market with 647 million passengers in 2009 as against 638 million people flew in North America last year. This was disclosed by the International Air Transport Association (IATA) today at an aviation busin...

Thailand keen on investing in North East India

Rupee depreciates by 22 paise in early trade

The rupee depreciated by 22 paise against the US currency in early trade on Monday in line with weak stock markets.At the Interbank Foreign Exchange (Forex) market, the rupee fell by 22 paise to 46.38 a dollar. Dealers said dollar's gains against other Asian currencies and buying of US curr...

Sensex slides 175 points in early trade

The Bombay Stock Exchange benchmark Sensex on Monday fell by over 175 points, in early trade on fresh spell of selling by funds.The 30-share Sensex fell by 175.85 points to 16,182.11 points in early trade. The wide-based National Stock Exchange index Nifty declined by 50.50 points, to 4,831.55 point...

Investors seek faster project clearances in India

Investors and CEOs of major companies have demanded faster clearances for projects in India and a uniform tax rate. In an interaction with Commerce and Industry Minister Anand Sharma at Davos, they asked for rationalisation and uniformity of the taxes throughout the country, besides improving mechan...

GNFC gets Centre nod for use of gas-based fuel

The Centre has approved Gujarat Narmada Valley Fertiliser Corporation's (GNFC) proposal for feedstock conversion of FO/LSHS urea units to natural gas (NG) at an estimated cost of Rs 1,216 crore, a top company official said today.The listed public sector unit has been using fuel oil (FO) and...

Sensex tumbles by another 3% during the week

In high volatility, the Bombay Stock Exchange benchmark Sensex tumbled by 502 points, or 3 per cent, this week on heavy selling after fears of tightening of monetary policy and regulations for US banks to invest in equities. Worries of tightening of monetary policy reduced temporarily when the Reser...

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GNFC gets Centre nod for use of gas-based fuelThe Centre has approved Gujarat Narmada Valley Fertiliser Corporation's (GNFC) proposal for feedstock conversion of FO/LSHS urea units to natural gas (NG) at an estimated cost of Rs 1,216 crore, a top company official said today.The listed publi...

NTPC NVVNL to procure 1,000 MW solar power by 2013

NTPC Vidyut Vapyar Nigam Ltd (NVVNL), a wholly-owned trading arm of NTPC and the national nodal agency, has decided to procure solar power up to 1,000 MW by 2013."We hope to procure 1,000 MW of solar power for the grid by 2013," NTPC Director (commercial) Inderjit Kapoor said today...

Sensex tumbles by another 3% during the week

In high volatility, the Bombay Stock Exchange benchmark Sensex tumbled by 502 points, or 3 per cent, this week on heavy selling after fears of tightening of monetary policy and regulations for US banks to invest in equities. Worries of tightening of monetary policy reduced temporarily when the Reser...