Suzlon Energy bags Rs.1,149 crore wind power order

NEW DELHI – India’s wind turbine manufacturing major Suzlon Energy Tuesday said it has won a 202 MW order from a Kolkata-based Techno Electric Group for Rs.1,149 crore ($251.69 million).

The order comprises 24 units of Suzlon’s S88 2.1 MW wind turbine generators (WTGs), 34 units of Suzlon’s S82 1.5 MW WTGs and 48 units …. Read the original article  : Suzlon Energy bags Rs.1,149 crore wind power order.

Hindustan Petroleum On A High

MUMBAI, INDIA (GaeaTimes.com)- Hindustan Petroleum Corporation Ltd has plans to acquire oil blocks in the African countries as has been confirmed by Subir Roy Choudhari, the Managing Director and Chairman of the company. The company is in the process of securing oil blocks in countries like Egypt, Oman and Australia already. The information …. Read the original article  : Hindustan Petroleum On A High.

Amway India Focuses On Brand Building

DELHI, INDIA (GaeaTimes.com)- Amway is one of the companies that introduced and popularized the concept of direct selling in India. Initially the Indian buyers found the concept weird but over the last few years it has been able to establish a foothold in the FMCG market. The direct selling companies including Amway … Read this article on Gaea Times at : Amway India Focuses On Brand Building.

POLITICAL INSIDER: Ellsworth tries to blame Coats for closed Ind. factory

POLITICAL INSIDER: Job loss fuels Ind. campaign

WABASH, Ind. – Democratic Senate hopeful Brad Ellsworth blamed his Republican rival’s one-time employer for sending 800 Indiana jobs to Canada and Mexico – a criticism he later acknowledged might not stick.
Ellsworth, a two-term House member from the southwest corner of the state, met with former employees and union …. Source  : POLITICAL INSIDER: Ellsworth tries to blame Coats for closed Ind. factory.

Foreign funds lift India’s Sensex above 20,000-point mark

MUMBAI – A benchmark index of Indian equities scaled the 20,000-point mark Tuesday, fuelled by some impressive buying by foreign funds and overall positive mood in other markets.

Soon after the opening bell, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shot up to 20,088.96 points, the highest in 32 months. This was … Read more »»».

AP Investigation: As its value tanked, California’s pension fund awarded raises, bonuses

AP Investigation: CalPERS bumped pay as fund dived

SACRAMENTO, Calif. – As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.
Board member Tony Olivera said the California Public Employees’ … Read this article on Gaea Times at : AP Investigation: As its value tanked, California’s pension fund awarded raises, bonuses.

India, Brazil and South Africa get UN award

UNITED NATIONS – The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) has received the 2010 UN Millennium Development Goals (MDG) Award for South-South Cooperation.

The award recognises the work of the three countries in using innovative approaches to share, replicate and scale up successful development experiences for combating poverty …. Read the original article  : India, Brazil and South Africa get UN award.

Asian markets advance after Dow logs highest close since May on hopes for Fed action

Asian shares rise amid hopes for Fed action

BANGKOK – Asian stock markets mostly advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street’s rally into a fourth week.
As the Fed meets to discuss interest rates there is a growing expectation that the central bank’s rate-setting …. Source  : Asian markets advance after Dow logs highest close since May on hopes for Fed action.

India third most powerful nation: US report

WASHINGTON – India is listed as the third most powerful country in the world after the US and China and the fourth most powerful bloc after the US, China and the European Union in a new official US report.

The new global power lineup for 2010 also predicted that New Delhi’s clout in the world will …. Source article on Gaea Times at  : India third most powerful nation: US report.

Fed wrestles with whether bolder action is needed to strengthen economy

Fed to ponder whether bolder action needed

WASHINGTON – Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will …. Source  : Gaea News Network.

Oil slips to near $74 in Asia as traders look to Fed meeting for guidance on rates, growth

Oil slips to near $74 ahead of key Fed meeting

SINGAPORE – Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day for possible new polices to help boost economic growth.
Benchmark crude for October delivery was down 53 cents to $74.33 … Read the original article on Gaea Times at : Oil slips to near $74 in Asia as traders look to Fed meeting for guidance on rates, growth.

Chinese revel in new ‘home deliveries’

BEIJING – Even as winter is on its way in China, people are looking forward to the comfort of their homes and having some entertainment. Most of them plan to have Superman “delivered” at 1,000 yuan an hour or a pole dance tutor at 800 yuan.

While food, drink or shopping bags have been delivered to … Original source on Gaea Times at : Chinese revel in new ‘home deliveries’.

George Steinbrenner honored with largest monument at Yankee Stadium

Yankees unveil monument to George Steinbrenner

NEW YORK – George Steinbrenner is now truly the biggest of the Yankees greats – as measured in Monument Park.
The colorful and combative owner was honored with the largest tribute in the team’s storied area of remembrance behind the center-field fence. His 7-by-5-foot, 760-pound monument of bronze atop a granite …. Source  : George Steinbrenner honored with largest monument at Yankee Stadium.

Fed wrestles with whether bolder action is needed to strengthen economy

Fed to ponder whether bolder action needed

WASHINGTON – Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will … Read more »»».

Money Market Operations as on Sep 20, 2010

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Lindsay Lohan ends $100M NYC suit over E-Trade baby ad; said she was butt of ‘milkaholic’ joke

Lindsay Lohan ends NY lawsuit over E-Trade baby ad

NEW YORK – Lindsay Lohan’s $100 million lawsuit over an E-Trade television commercial is all over, baby.
A Manhattan court filing Monday said the actress has withdrawn her case against the brokerage, which she’d accused of making her the implied target of jokes about a “milkaholic” named Lindsay … Read more : Lindsay Lohan ends $100M NYC suit over E-Trade baby ad; said she was butt of ‘milkaholic’ joke.

Judge backs Minn. law requiring corporations, political groups to reveal donors and spending

Judge backs Minn. disclosure law on political cash

ST. PAUL, Minn. – A federal judge refused on Monday to interfere with a new Minnesota law that revealed political donations from Target Corp. and other companies, saying the public has an interest in knowing who speaks and who pays for those messages as the election approaches.
U.S. District …. Original article  : Judge backs Minn. law requiring corporations, political groups to reveal donors and spending.

Union, state of Illinois reach deal that could bar government layoffs for nearly 2 years

Union reaches deal with Ill. to avoid layoffs

SPRINGFIELD, Ill. – Gov. Pat Quinn has reached a deal with a major union that could save the Illinois government between $50 million and $100 million while barring layoffs of most state employees, both sides said Monday.
Under the agreement, the state won’t cut jobs or close institutions until …. Source  : Union, state of Illinois reach deal that could bar government layoffs for nearly 2 years.

Sanofi-Aventis reports positive blood sugar control for experimental diabetes drug

Sanofi reports positive results with diabetes drug

NEW YORK – Sanofi-Aventis said Monday that a study of its experimental diabetes drug showed better blood sugar control than placebo.
The study included 361 patients with type 2 diabetes who randomly received either lixisenatide, the company’s diabetes injectable, or a sham treatment. Lixisenatide is part of the new GLP-1 …. Read the original article  : here.

Ex-Hartford Whalers owner to take over business operations of Hartford AHL franchise

Ex-Whalers owner taking over Hartford AHL team

HARTFORD, Conn. – The former owner of the Hartford Whalers is taking control of business operations of the city’s minor league hockey team and renaming the franchise the Connecticut Whale.
Howard Baldwin announced on Monday his company, Hartford Hockey LLC., will be responsible for marketing, ticket sales and other day-to-day … Read more »».