Vedanta earmarks around Rs.500 crore for community projects

JAIPUR – The Vedanta goup has earmarked around Rs.500 crore (Rs.5 billion) for community development projects in India in fiscal 2011.

The group has adopted more than 3,000 Anganwadi centres to provide nutrition to over 120,000 underprivileged children in rural areas of Rajasthan, Chattisgarh and Orissa.
“Vedanta has put heart and soul in … Original article on : Vedanta earmarks around Rs.500 crore for community projects.

Sensex sheds modest early gains

MUMBAI – A benchmark index of Indian equities slipped from the modest highs seen in morning and was ruling flat in afternoon trade. Broader markets, however, continued to attract buying.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,700.42 points, was ruling at 20,676.5 points, down 11.38 points … Read more »»».

France’s Nuvia is first n-sector support company to make India base

CHENNAI – French nuclear engineering and support services company Nuvia is planning to use India as its third global hub to service the domestic and overseas markets, apart from targeting the joint ventures floated by Nuclear Power Corporation of India Ltd (NPCIL).

“Apart from deploying personnel in Indian projects we will also depute our people …. Read the original article  : France’s Nuvia is first n-sector support company to make India base.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.18 and the Reference Rate for Euro is ` 62.25 on October 14, 2010. The corresponding rates for the previous day (October 13, 2010) were ` 44.50 and ` 62.09 respectively. Based on the Reference Rate for … Read more »»».

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 14, 2010 are:

Amount (face value in ` crore)                          

Item

1 day Reverse Repo Auction (Sale of securities by RBI)

1 day Repo Auction 
[..] Read the original article: here.

Spanish home sales up 30 percent in August

Madrid, Oct 14 (IANS/EFE) Home sales in Spain grew 29.6 percent in August compared with the same month of 2009, the eighth-consecutive month that indicator has risen on an annual basis, although month-on-month sales were unchanged, the government said.

A total of 43,817 homes were sold in August 2010, with new homes accounting for 53 …. Source article on Gaea Times at  : Spanish home sales up 30 percent in August.

US embargo has cost us $2 bn in investment: Cuba

Havana, Oct 14 (IANS/EFE) The Cuban government estimates that US firms would have invested more than $2 billion here over the past decade but for Washington’s economic embargo against the communist-ruled island, Communist Party daily Granma said.

Granma analysed how the embargo has hampered the participation of foreign companies on the island, where that activity …. Source  : US embargo has cost us $2 bn in investment: Cuba.

Foreign investors eyeing India to avoid West’s economic doldrums

MUMBAI – Economists and policy makers reckon that the economic doldrums in the United States, along with much of Europe and Japan, could benefit emerging nations like India.

According to the New York Times, with an economic growth rate of nearly nine percent and a stock market … Read more »»».

Nano was born out of a doodle by Ratan Tata

NEW DELHI – Guess how the Rs.1 lakh ($2,200) car Nano was born? It took some idle doodling by Ratan Tata, head of the Tata Group of companies, at lifeless board meetings, says a book chronicling its making.

“It started by my spending a lot of time doodling at boring board meetings. Most of us …. Source  : Gaea News Network.

Qatar Airways pilot dies in flight

DOHA – A Qatar Airways flight en-route from the Philippines to Qatar was forced to land in Kuala Lumpur after one of the pilots died on board, the flag-carrier said in a statement.

“Qatar Airways regrets to inform that the captain of flight QR645, operating from Manila to Doha, passed away on board,” Xinhua quoted …. Source  : Gaea News Network.

Monopoly, the ultimate board game, turns 75

BERLIN – Think of real estate speculation and dubious lending policies and the current financial crisis comes to mind.

But low-down real estate deals and unstable speculation have always belonged to Monopoly. For 75 years it’s been an amusing board game luring people who take pleasure in playing a game in which they can drive …. Source  : Monopoly, the ultimate board game, turns 75.

Obama waives ban on C-130 cargo aircraft sales to China

WASHINGTON – In a significant gesture to China, US President Barack Obama has issued a waiver on restrictions on export of C-130 cargo aircraft to China to be used in oil spill response operations at sea.

In an Oct 8 letter to the Speaker of the House of Representatives and the President of the Senate, …. Original article  : Obama waives ban on C-130 cargo aircraft sales to China.

Sensex slips from opening highs

MUMBAI – A benchmark index of Indian equities was ruling 65 points higher Thursday, having slipped from its opening highs.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,700.42 points, was after 45 minutes, ruling at 20,753.79 points, up 65.91 points or 0.32 percent from its previous close at … Original article on : Sensex slips from opening highs.

Tokyo shares surge 1.8 percent on Wall Street rally

TOKYO – Japanese stocks soared 1.8 percent in Thursday morning trading as investor sentiment was bolstered by overnight gains on Wall Street.

The benchmark Nikkei 225 Stock Average added 171.27 points, or 1.82 percent, to trade at 9,574.78 while the broader Topix index was up 12.33 points, or 1.5 percent, at 834.98.
Overnight, major US … Read : Tokyo shares surge 1.8 percent on Wall Street rally.

India to start talk with US firms for nuclear supplies: Envoy

WASHINGTON – India hopes to commence commercial negotiations with US companies shortly regarding supply of nuclear equipment under the landmark India-US civil nuclear deal, according to the Indian ambassador to the US Meera Shankar.

US companies were eyeing a substantial piece of India’s estimated $150 billion nuclear pie, but their enthusiasm has been dampened somewhat …. Source  : India to start talk with US firms for nuclear supplies: Envoy.

Money Market Operations as on October 13, 2010

…. Original article  : Money Market Operations as on October 13, 2010.

Households do not see respite from rising prices

MUMBAI – Households do not expect a respite from rising prices in the near future and a majority of them see at least one percentage point rise in general inflation by next year on higher costs of food, housing and services, a Reserve Bank of India survey reveals.

Households expect inflation to rise by 30 …. Source article  : Households do not see respite from rising prices.

Apple gets anti-sexting patent

SAN FRANCISCO – Apple has been granted a patent that allows parents to prevent their children from sending and receiving sexually explicit text messages.

The patent was granted Tuesday by the US Patent and Trademark Office and allows parents or other administrators of mobile phones to set definitions for banned texts. Messages containing the offending … Read more >>.

BMW to build new X3 sport-utility vehicles in US

NEW YORK – German luxury car giant BMW is moving production of yet another of its sport-utility vehicles to the US, the world’s biggest market for luxury cars.
The company Wednesday unveiled the X3 model’s new home at its production plant in Spartanburg, South Carolina, which has already been producing the larger X5 … Original article on : BMW to build new X3 sport-utility vehicles in US.

Abu Dhabi to host global food industry expo

Abu Dhabi, Oct 13 (IANS/WAM) Abu Dhabi will host a global food industry expo Nov 22-24, it was announced Wednesday.

SIAL Middle East 2010 will bring together professionals involved in buying and selling food products and services from across the world.
It will be organised at the Abu Dhabi National Exhibition Centre (ADNEC).
–IANS/WAM
… Read more >>.