Trade Headlines

NTPC to set up 3,960 MW plant in Madhya Pradesh
State-run power utility NTPC Ltd said on Monday it had signed a memorandum of understanding with the Madhya Pradesh government to set up a 3,960 megawatts power plant in the state. The financial details of the project were not immediately available. Earlier speaking to CNBC-TV 18, the recently appo ...

LANXESS raises bar for sustainable development in Nagda
The inauguration of the cogeneration plant was marked by an opening ceremony attended by the honorable Minister of Urban Administration and Development, Madhya Pradesh, Shri Manohar Untwal, • Biomass-powered Cogeneration plant starts up
• Represents investment of EUR seven million
...

Power Grid issue band likely 85-90 Rs/share: sources
Indian state-run Power Grid Corp is likely to set the price band for its follow-on share offering at 85-90 rupees ($1.9-$2) each, two sources with knowledge of the situation said on Sunday. The offering consists of fresh equity issue of 10 per cent by the company and sale of another 10 per cent by t ...

Obama announces deals worth USD 10 bn with India
Visiting American President Barack Obama today announced deals woth USD 10 billion with India. He addressed corporate honchos from India, opening discussions on crucial areas of cooperation like pharma, manufacturing, transportation and clean energy. During the roundtable, Obama was accompanied by ...

PM welcomes US decision to lift tech curbs
Prime Minister Manmohan Singh on Monday welcomed the US decision to lift controls on export of high technology items and technologies to India as well as its offer of support the country's membership in multilateral export control regimes like Nuclear Suppliers' Group. "We welcome the decision by t ...

ICEX, IOSDA to launch Indian iron ore futures
Indian Commodity Exchange Ltd (ICEX), the Indiabulls-MMTC promoted commodity derivatives trading platform, has signed a memorandum of understanding (MoU) with Singapore-based Iron Ore and Steel Derivatives Association (IOSDA). Under the agreement, IOSDA will promote iron ore and derivative contracts ...

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