National mission on clean coal technologies soon

MAHABALIPURAM – The government will announce soon its ninth national mission on clean coal technologies.

“The National Mission for Clean Coal (Carbon) Technologies will have several sub missions like the development of advanced ultra super-critical boilers for thermal power plants, carbon capture and value addition, including carbon capture and storage,” said R. Chidambaram, principal …. Original article on Gaea Times at  : National mission on clean coal technologies soon.

Delhi doubles circle rates of properties

NEW DELHI – The Delhi cabinet Tuesday doubled the circle rates of properties — the minimum selling price of a plot — in the capital, a move that will help the government earn more revenue.

A meeting, chaired by Chief Minister Sheila Dikshit, decided to retain the earlier marked categories on which the circle rates … Read more »».

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.74 and the Reference Rate for Euro is ` 61.81 on October 12, 2010. The corresponding rates for the previous day (October 11, 2010) were ` 44.30 and ` 61.93 respectively. Based on the Reference Rate for US … Original source on Gaea Times at : RBI Reference Rate for US $ and Euro.

Lower industrial output pulls down Sensex

MUMBAI – A benchmark index of Indian equities Tuesday fell further in noon trade after the government released industrial production numbers for August, which were lower than analysts’ expectations.

Most of the 13 sectoral indices on the Bombay Stock Exchange (BSE) were in the red, with capital goods, metals and realty stocks facing the …. Original article  : Lower industrial output pulls down Sensex.

Tata Motors launch 4-wheel drive crossover Aria

MUMBAI – Tata Motors launched the first Indian crossover four-wheeler called the Tata Aria.

Aria, which is a mingling of the refinement of sedan and the sturdiness of a SUV, is priced between Rs 12.91 lakhs to Rs 15.50 lakhs.

Aria, the most expensive cars of Tata so far, will help the auto giant compete with Toyota …. Source  : Gaea News Network.

India’s industrial output grows at 5.6 percent in August

NEW DELHI – India’s industrial production in August grew at a much slower rate of 5.6 percent compared to the revised figures of 15.2 percent in the previous month, with a decline in capital goods output adding to the base effect, according to official data released Tuesday.

August’s index of industrial production (IIP) numbers was … Read this article on Gaea Times at : India’s industrial output grows at 5.6 percent in August.

Tata Aria Crossover Car Launched

MUMBAI, INDIA (GaeaTimes.com)- Leading India based car maker Tata Motors unveiled its much touted crossover car Aria on Monday in a ceremony in Mumbai. It is a cross between a sedan and SUV, a has been claimed by the company. The car scores high on both styling and performance says Tata Motors. All three … Original source on Gaea Times at : Tata Aria Crossover Car Launched.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 12, 2010 are :

Amount  (face value in ` crore)                   

Item

1 day Reverse Repo Auction
(Sale of securities by … Read more : Liquidity Adjustment Facility : Auction Results.

Mercedes-Benz recalls over 100,000 vehicles

NEW YORK – Mercedes-Benz is recalling over 85,000 vehicles in the US and 22,000 in Britain due to steering problems, a media report said.

The US National Highway Traffic Safety Administration said the problem has to do with the vehicles’ power steering system, which “may fail due to the loss of power steering fluid”, Sky …. Read the original article  : Mercedes-Benz recalls over 100,000 vehicles.

E-book industry booms in China

BEIJING – The e-book industry in China is booming and is now the second biggest in the world after the US industry.

In 2009, the number of e-books sold in China reached 3.82 million, and that in the first half of 2010 amounted to over 20 percent of the world’s total.
However, there had been …. Read the original article  : E-book industry booms in China.

Sensex tumbles in morning trade

MUMBAI – A benchmark index of Indian equities Tuesday dived sharply in morning trade, having opened on a green note.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,357.79 points, was after 40 minutes into trade ruling at 20,215 points, down 124.89 points or 0.61 percent from its previous …. Read the original article  : here.

Wall Street stocks rise in very light trading

NEW YORK – Major US stock indices booked minimal gains Monday in slow holiday trading.

On a day when much of the country observed Columbus Day, including the federal government, the New York Stock Exchange saw its lowest trading volume of the year.
The blue-chip Dow Jones Industrial Average added 3.86 points, or 0.04 percent, …. Source  : Gaea News Network.

Tokyo shares fall on stronger yen

TOKYO – Japanese stocks declined in Tuesday morning trading as investor sentiment was hurt by a stronger yen and investors sold shares to lock in immediate gains.

The benchmark Nikkei 225 Stock Average lost 84.49 points, or 0.88 percent, to trade at 9,504.39 while the broader Topix index was down 6.63 points, or 0.79 percent, … Original source on Gaea Times at : Tokyo shares fall on stronger yen.

Money Market Operations as on October 11, 2010

… Original source on Gaea Times at : Money Market Operations as on October 11, 2010.

Nine private companies bid for rural welfare project

NEW DELHI – Nine private companies have bid for 15 pilot projects under the government’s Provision of Urban Amenities in Rural Areas (PURA) scheme that seeks to enhance livelihood opportunities in rural areas through public-private-partnership (PPP), an official said Monday.

Rural Development Secretary B.K. Sinha told reporters that private companies will work “as an agent … Read more >>.

Microsoft, the underdog, launches mobile comeback

NEW YORK – Hoping to gain back ground lost to its rivals Google and Apple, Microsoft Monday launched a new line of smartphones that chief executive Steve Ballmer claimed were more “intuitive” and “delightful” than their competitors.

Nine different phones, all running the brand-new Windows Phone 7 software and made by HTC, Dell, Samsung and … Read more : Microsoft, the underdog, launches mobile comeback.

Petrofac to get BP’s share in UAE gas plant

Sharjah, Oct 11 (IANS/WAM) Multinational oil services firm Petrofac has signed a $250 million deal with the Sharjah government to take over the operational responsibility and management of BP’s 40 percent share in the Sajaa Gas Plant in the United Arab Emirates.

The agreement was signed between Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, … Read more »»».

Modi meets 14 foreign envoys

GANDHINAGAR – Chief Minister Narendra Modi met ambassadors and high commissioners of 14 countries here Monday and sought to promote Gujarat as an ideal investment destination.

The envoys of Argentina, Peru, Tajikistan, Georgia, Burundi, Rwanda, Sri Lanka, Vietnam, Hungary, Ethiopia, Cambodia and Nepal were among those who met the chief minister.
They were invited by … Read more >>>.

Durex launches e-store to increase condom sales

MUMBAI – Durex India has launched an eStore to facilitate the sale of condoms online.

“We came up with the eStore for our Indian customers to enable them purchase products online. In India, people are still hesitant to go to a store and buy condoms. They are even more hesitant to enquire about the variety [..] Read the original article: here.

No loan recovery from NREGA wages, Haryana warns banks

CHANDIGARH – The Haryana government Monday warned banks against recovering outstanding loans from the wages earned by people under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

Haryana Financial Commissioner and Principal Secretary (panchayat and development department) P Raghavendra Rao said that banks, at their own level, could not recover their loan amount out … Original article on : No loan recovery from NREGA wages, Haryana warns banks.