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India and Colombia today signed a memorandum of understanding for
cooperation in India in the oil and gas sector.
...
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Article on Reuters
A U.S. push to lift a global ban on nuclear trade with India stalled on Saturday when a revised proposal failed to win over nations because it did not bind India to refrain from more nuclear bomb tests.
Many members of the nuclear cartel, which seeks to prevent the spread of proliferation-prone nuclear fuel and technology, welcomed an Indian pledge rejecting any nuclear arms race and reaffirming a voluntary moratorium on tests...
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Indraprastha Gas Ltd., which sells compressed and piped natural gas, plans to invest 5 bln rupees over next two years to expand its operations in the national capital region ahead of Commonwealth Games in 2010. ...
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According to the honourable Power Secretary, India cannot remain isolated on coal prices and domestic prices of the fuel must rise in line with global trend.
I would like to ask here one question, why can’t the coal prices in India remain where they are and why should they follow the global trend? National resources should be prices with respect to national interest. The more you make them expensive, the more you have to spend for utilizing them. If you want to make them follow global prices, then why only with coal, why not with iron, steel, crude oil, rice, sugar etc. Why so much affection with coal only. Policy should be same for all.
...
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DNA brings an interesting article
Wealthy Indians are increasingly looking at land as a preferred investment avenue as volatile markets limit their options of asset classes.
About 48% of the high net worth individuals (HNIs), both in India and abroad, with investable assets ranging from 500,000 pounds to 30 million pounds (Rs 4 crore - Rs 240 crore), is looking to increase allocation to realty in the next 12 months, according to a report released by Barclays in association with the Economist Intelligence Unit.
Buzz is created to allow dumping by HNI ...
IRDA head says FY08 ULIP-related complaints slightly down on yr
Banking & Financial Services - Sector
Posted by :
9975797577Tracked by: 0 Boarder
Insurance Regulatory Development Authority has witnessed a marginal fall in grievances related to unit-linked insurance policies in 2007-08 (Apr-Mar)....
Tracked by: 77 Boarders
then he will be the first person to make this record of never getting lost in stockmarket....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Hi abhishek,
I can assure you that you will never be lost
in this complex fortification (charkravayuh)
called STOCKMARKET 
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India\'s largest power generation company, NTPC, plans to have captive coal output of 15 mln tn by 2012, when its six coal blocks are expected to begin production. The company currently buys all the coal it needs....
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The government is considering setting up a regulator for coal industry as
more and more companies are entering the sector.
...
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The Department of Telecommunications is ready with the release of
qualification norms for selecting the bidder to operate mobile number
portability database.
It will be interesting to see how the portability works and who will be the major beneficiary of this in the telecom companies. New entrants will be at a major advantage with the virtual network model and also now by this portability operator model. Very interesting landscape is getting developed in this sector. I think we are going to see a major consolidation in the next 3 years in telecom sector as there are too much players in the sector which is impossible to sustain in the longer term.
...
FMC asks members to set up separate entity for currency futures
Banking & Financial Services - Sector
Posted by : 9975797577Tracked by: 0 Boarder
FMC asks members to set up separate entity for currency futures
Forward Markets Commission has directed all members of national commodity
exchanges to set up a separate entity for taking membership in currency
derivatives on stock bourses, a release from National Commodity and Exchange Derivatives said.
...
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Coal India resorts to imports; to buy 4 million ton coal in 1 year. Coal ministry identifies 75 coal, 20 lignite block for captive use. For the first time in its history, state-owned Coal India Ltd. Will import coal to cater to the growing needs of customers, mainly from the power industry.
I would think that coal advanced contracts happen at a normal rate, other than the exorbitant rates being fixed upon in international markets which were simply beyond understanding.
...
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\"If I had my way, it would have been tighter...as simple as that,\" said
Yaga Venugopal Reddy about monetary policy, hours after demitting office of
Governor, Reserve Bank of India.
I am happy, the gentlemen did not have his way completely, else, he would have put us in the very high interest rate regime, stock markets would have been in the doldrums. Whatever happens is for good only.
...
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US jobless rise fuels fear on economy (FT). Still, I think in about 4-6 months, US will be ok and get out of this hole they have dig for themselves. ...
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China joining a clutch of countries having strong reservations.
Two days of marathon talks remained inconclusive and fresh discussions will happen later today.
The NSG takes decisions by consensus and a holdout by a few countries can jeopardize an immediate waiver for India. Austria, which was among a couple of countries holding out, gave enough indications that “more work still” needs to be done....
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