Vedanta not to hike Cairn India offer price

MUMBAI – International metals major Vedanta Group Monday said it would not hike the price of the open offer to minority shareholders of oil producer Cairn India in which it is seeking to acquire a majority stake.

“There is no question…The price is final and it is a very lucrative offer,” Chairman Anil Agarwal told …. Source  : Gaea News Network.

Money Market Operations as on October 9, 2010

…. Source  : Money Market Operations as on October 9, 2010.

Pranab Mukherjee seeks more financial sector reforms

WASHINGTON – Finance Minister Pranab Mukherjee indicated here that the Government of India was wanting to implement more reforms in the financial sector, but has not gone ahead with the process as the Congress led United Progressive Alliance (UPA) government …. Read the original article  : Pranab Mukherjee seeks more financial sector reforms.

Nirma To Delist From BSE & NSE

MUMBAI, INDIA (Gaea Times.com) Nirma Ltd. has announced its intentions of delisting its shares from the stock exchanges. The announcement was made today before the trading hours. The announcement has caused a rise in the shares of the company, it rose to a yearly high of 18 percent on the Bombay Stock Exchange or … Read this article on Gaea Times at : Nirma To Delist From BSE & NSE.

Sensex soars in morning trade as Asian stocks surge

MUMBAI – A benchmark index of Indian equities Monday soared in opening trade, tracking gains in other Asian markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shot up more than 200 points within minutes of the opening bell to touch 20,461.27 points.
It later settled about 155 points or 0.77 percent … Read the original article on Gaea Times at : Sensex soars in morning trade as Asian stocks surge.

Money Market Operations as on October 08, 2010

…. Original article on Gaea Times at  : Money Market Operations as on October 08, 2010.

Homeless Venezuelans to get homes from government

Caracas, Oct 11 (IANS/EFE) Over 1,000 homeless people, living in temporary shelters here in the Venezuelan capital, would be given homes bought from private builders by the government in the South American nation.

President Hugo Chavez said the government will purchase 1,138 homes from builders and donate them to people currently living in shelters in … Read the original article on Gaea Times at : Homeless Venezuelans to get homes from government.

Abu Dhabi announces new housing scheme

Abu Dhabi, Oct 10 (IANS/WAM) At least 3,000 plots will be allotted for the construction of houses in various parts of Abu Dhabi as part of a new scheme announced Sunday.

Abu Dhabi President Sheikh Khalifa bin Zayed Al Nahyan issued a decree granting delivery of 3,000 plots to citizens of the emirate. Plots … Read more : Abu Dhabi announces new housing scheme.

No solution yet for more voice to emerging markets: Pranab

WASHINGTON – No solution has yet been found on how to give a greater say to emerging markets in the global economic governance structure to reflect their growing importance, according to Indian Finance Minister Pranab Mukherjee.

The issue of giving more voice to and increasing the voting power of emerging economies was discussed during …. Original source  : No solution yet for more voice to emerging markets: Pranab.

‘India gaining from N-renaissance in Asia’

MAHABALIPURAM – With over 35 nuclear power reactors under construction across Asia, a nuclear renaissance is sweeping across the continent and India is no exception, said speakers at the Asian Nuclear Prospects 2010 (ANUP 2010) conference Sunday.

The international conferences, designed to foster the growth of nuclear energy in Asia, kick started here – around … Read : ‘India gaining from N-renaissance in Asia’.

India to build 25 reactors in next five years

MAHABALIPURAM – India is planning to build 25 reactors in the next five years, a senior official said Sunday.

Speaking to reporters on the sidelines of the inaugural function of Asian Nuclear Prospects 2010, Nuclear Power Corporation of India Ltd (NPCIL) chairman and managing director S.K. Jain said: “India has 19 operational reactors now. …. Source article on Gaea Times at  : India to build 25 reactors in next five years.

India committed to fast breeder reactor programme

KALPAKKAM – Despite deciding to import a series of light water reactors (LWR), India is committed to a three-stage nuclear programme and fast breeder reactors are important for its energy security, Minister of State for Science and Technology Prithiviraj Chavan said Sunday.

Speaking at the silver jubilee celebrations of Fast Breeder Test Reactor (FBTR) …. Original article on Gaea Times at  : India committed to fast breeder reactor programme.

Chinese N-reactors for Pakistan worry India

KALPAKKAM – India is concerned over China’s supplies of nuclear reactors to Pakistan which has a poor record as a nuclear power, Minister of State for Science and Technology Prithviraj Chavan said here Sunday.

“We have expressed our concerns at the appropriate place. If China and Pakistan do that within the exiting international regime, they …. Source article on Gaea Times at  : Chinese N-reactors for Pakistan worry India.

Mumbai hosts textile and apparel machinery expo

MUMBAI – The Garment and Textile Machinery and Accessories (Gartexma) 2010 expo showcasing Indian textile and apparel machinery and accessories kicked off here Sunday.

Organised in association with CISMI (Community of International Sewing Machine Industry, India) and Dara Projects, the show is a B2B (business to business) platform to promote technology, products and …. Source article on Gaea Times at  : Mumbai hosts textile and apparel machinery expo.

Kashmir unrest: Private sector lays off 50,000 employees

SRINAGAR – Four months and counting… The unending unrest in the Kashmir Valley has begun to pinch hard the state’s economy. Some 50,000 skilled and non-skilled workers have been retrenched by their employers and many more are likely to lose their jobs, a local media report said Saturday.

The four months of shutdowns and curfews …. Source  : Gaea News Network.

Kerala, Gujarat tourism promos target different segments: Piyush Pandey

NEW DELHI – Two promotion campaigns capturing the spiritual essence of Kerala and the vibrant colours of Gujarat are proving to be major draws for footloose itinerants worldwide for whom India has become one of the top 10 tourism destinations.

The campaigns, both high-profile, target different tourist segments, ad film-maker Piyush Pandey of Ogilvy …. Original source  : Kerala, Gujarat tourism promos target different segments: Piyush Pandey.

Prozone’s Mall Opening In Aurangabad

AURANGABAD, INDIA (GaeaTimes.com)- Aurangabad is going to become the first city in Maharashtra as well as India to get the biggest and first ever horizontal design based mall. The Mall which has been opened has a footprint of 1 million sq ft. Nikhil Chaturvedi who is the managing director of Prozone and its mother … Read this article on Gaea Times at : Prozone’s Mall Opening In Aurangabad.