BHEL boiler auxiliaries division cuts cost, raises profit

CHENNAI – Strategic sourcing and value engineering in production have helped Bharat Heavy Electricals Ltd’s (BHEL) boiler auxiliaries division at Ranipet near here to cut cost substantially and increase profit.

“Between September – November 2009, the steel prices went down and we bought our annual requirement then. We sourced steel at Rs.26,000-Rs.28,000 per tonne. Our …. Original source  : BHEL boiler auxiliaries division cuts cost, raises profit.

Nasscom lists Kerala IT company as top innovator of 2009

THIRUVANANTHAPURAM – Trade forum National Association of Software and Services Companies (NASSCOM) has listed Kerala-based IBS Software as one of the top 50 innovators in India for the year 2009.

The company is a technology solutions provider to the travel, transportation and logistics industries. It was nominated in the “market facing innovation” category for its product … Original article on : Nasscom lists Kerala IT company as top innovator of 2009.

Sponge iron units in Chhattisgarh hit by ore supply woes

RAIPUR – Production in some 50 sponge iron units in Chhattisgarh has been halted after private miners in neighbouring Orissa stopped supplying iron ore about a month ago, an industry official said Monday.

“Chhattisgarh has 105 sponge iron units having an annual output of 8 million tonnes, but production has been stopped completely at nearly 50 …. Read the original article  : Sponge iron units in Chhattisgarh hit by ore supply woes.

ECODISC offers new pressure relief products from its improved website

MUMBAI – The pressure relief industry’s only online supplier of rupture discs and explosion panels, ECODISC, has launched a new website (www.ecodisc.com).

The website is the only one in the sector to allow for web-based ordering through its secure online store.
With its improved design, new features and enhanced navigational and search options, ECODISC’s latest website offers … Read more >>.

Oil rises above $85 in Asia, extending rally as improving US jobs market cheers investors

Oil rises above $85 as US jobs market improves

SINGAPORE – Oil prices rose above $85 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.
Benchmark crude for May delivery was up 30 cents to $85.17 a barrel at late afternoon Singapore time …. Original article  : Oil rises above $85 in Asia, extending rally as improving US jobs market cheers investors.

Oil rises above $86 in Asia, extending rally as improving US jobs market cheers investors

Oil rises above $86 as US jobs market improves

SINGAPORE – Oil prices rose above $85 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.
Benchmark crude for May delivery was up 30 cents to $85.17 a barrel at late afternoon Singapore time …. Source  : Gaea News Network.

Report: North Korea executed 2 officials over botched currency reform

Report: 2 N. Koreans executed over currency reform

SEOUL, South Korea – North Korea executed two senior economic officials last month – not one as previously reported – over a botched currency revamp that forced markets to close temporarily and fueled social tensions, a media outlet that specializes in the North reported.
The communist North redenominated its …. Original source  : Report: North Korea executed 2 officials over botched currency reform.

Nepal PM summoned over Indian passport deal

KATHMANDU – The uproar in Nepal over the government’s decision to award a prestigious passport deal to an Indian company continued Monday with a parliamentary committee summoning Prime Minister Madhav Kumar Nepal for an explanation.

The prime minister, who is facing mounting pressure from the opposition Maoist party to quit, appeared before the Public Accounts Committee … Original source on Gaea Times at : Nepal PM summoned over Indian passport deal.

Niche airline operators eye the versatile Twin Otter

NEW DELHI – India’s niche airline operators have shown interest in the Twin Otter small aircraft that has the unique ability to operate from land, water or snow and also has applications in the defence sectors.

“Companies like Pawan Hans and (regional airline) Air One, as also corporates like Essar and Religare, have expressed …. Source  : Gaea News Network.

Oil rises to near $86 in Asia, extending rally as improving US jobs market cheers investors

Oil rises to near $86 as US jobs market improves

SINGAPORE – Oil prices jumped to near $86 a barrel Monday in Asia, extending gains from last week as investors bet an improving U.S. job market will herald growing crude demand.
Benchmark crude for May delivery was up 80 cents to $85.67 a barrel at midday Singapore … Read more »».

Most Asian stock markets gain as US jobs report suggests consumption improving

Asian shares advance on US jobs market recovery

SINGAPORE – Asian stock markets were mostly higher Monday after an encouraging U.S. jobs report offered the latest sign the global economy is on the mend.
Japan’s Nikkei 225 stock average rose 0.5 percent to 11,339.30, Singapore’s benchmark index also increased 0.5 percent, Indonesia jumped 1.7 percent and India …. Source  : Most Asian stock markets gain as US jobs report suggests consumption improving.

Japan stock market advances on US jobs report, weaker yen

Asian shares modestly up in early trading
TOKYO – Asian stock markets made modest gains in early trading Monday after an encouraging U.S. jobs report offered the latest sign the global economy is on the mend.

Japan’s Nikkei 225 stock average rose 0.5 percent to 11,343.65, while South Korea’s Kospi index was flat at 1,722.97.
On Friday, the …. Read the original article  : Japan stock market advances on US jobs report, weaker yen.

US jobs report sends Asian stock markets higher in early trading

Asian stock markets rise in early trading
TOKYO – Asian stock markets climbed in early trading Monday after an encouraging U.S. jobs report offered the latest sign the global economy is on the mend.

Japan’s Nikkei 225 stock average rose 0.6 percent to 11,349.73, while South Korea’s Kospi index added 0.3 percent to 1,729.27.
On Friday, the U.S. …. Source  : Gaea News Network.

SandRidge Energy shifting focus to oil from natural gas with $1.6 billion Arena buy

SandRidge to buy Arena Resources for $1.6B

Oil and gas explorer SandRidge Energy Inc. is buying fellow developer Arena Resources Inc. for $1.6 billion as the continued drop in natural gas prices drives a bigger focus on oil resources, the companies said Sunday.
Arena shareholders will receive $2.50 in cash and about 4.78 shares of SandRidge stock …. Original article  : SandRidge Energy shifting focus to oil from natural gas with $1.6 billion Arena buy.

Egypt release publisher of book that supports former UN nuclear chief, calls for change

Egypt police release publisher of book
CAIRO – An Egyptian official says police have released the owner of a publishing house which printed copies of a book that called for political change and praised the former head of the U.N. nuclear agency.

Ahmed Mahanna, owner of Dawin publishing, was released Sunday, a day after his home and … Original article on : Egypt release publisher of book that supports former UN nuclear chief, calls for change.

Health care reform promise explicitly excludes millions of illegal immigrants

Health care reform leaves out illegal immigrants
FRESNO, Calif. – Paula Medrano shifts uncomfortably on the doctor’s examination table, holding out a wrist inflamed and swollen by arthritis. The 78-year-old has no health insurance, lives below the federal poverty level, and can’t pay for the medication she needs.
Just days before her appointment, President Barack …. Read the original article  : Health care reform promise explicitly excludes millions of illegal immigrants.

West Virginia’s NCAA loss spreads disappointment across a state, down into its coal mines

Mountaineers’ season ends in mountain of pain

INDIANAPOLIS – The hometown coach takes the hometown team to the Final Four, one game away from breaking a 106-year drought without a championship.
The run by West Virginia drew jaw-dropping support across the state, even down into the coal mines dotting the rugged landscape. To the fans, the coach, …. Source  : Gaea News Network.

Water bills go up in down economy as usage drops from slow manufacturing, real estate, tourism

Water bills go up in down economy as usage drops

PORTLAND, Maine – The grim economy is hitting some consumers in the wallet in yet another way: their water bills.
Many water utilities are raising rates because water use is down. That’s partly because manufacturers have closed or are cutting back, tourism has fallen and the real … Read : Water bills go up in down economy as usage drops from slow manufacturing, real estate, tourism.

World’s tallest tower in Dubai reopens observation deck 2 months after elevator malfunction

World’s tallest tower in Dubai reopens
DUBAI, United Arab Emirates – The observation deck of the world’s tallest skyscraper reopened Sunday in Dubai, two months after an elevator malfunction left visitors trapped more than 120 stories above the ground and forced it to close.

Dozens of tourists were lining up Sunday for tickets to take an elevator … Read more : World’s tallest tower in Dubai reopens observation deck 2 months after elevator malfunction.

White House: Expect slow jobs rebound even as economy shows signs of reversing downward spiral

White House braces unemployed for slow job rebound
WASHINGTON – Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.
The Obama administration also eased away from confrontation with China over its artificially low … Read this article on Gaea Times at : White House: Expect slow jobs rebound even as economy shows signs of reversing downward spiral.