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| Today's News |
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March 09, 2010
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'Banks to record 30% credit growth'
Mumbai: Banks are expected to record a 30 per cent growth in credit in 2010-11 on the back of strong investment demand, according to HSBC Chief Economist, Robert Prior Wandesforde. |
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US$ 974.65 million approved for grid-connected solar plants
New Delhi: The government has approved US$ 974.65 million for setting up 1,100 mega watt (MW) grid-connected solar power plants under the first phase of the National Solar Mission. |
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Gujarat grabs a lion's share of 50% in country's SEZ exports
Mumbai/Ahmedabad: The exports from all operational special economic zones (SEZs) in the country is set to cross Rs 200,000 crore (US$ 43.93 billion) during this fiscal, of which Gujarat is likely to contribute close to 50 per cent with over Rs 100,000 crore (US$ 22 billion) exports, according to government sources. |
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Karnataka Tourism dept releases master plan
Chennai/Bengaluru: The Department of Tourism, Government of Karnataka, has released a master plan for the development of tourism in the state, envisaging an initiative to attract private investment ranging from Rs 10,000 crore (US$ 2.2 billion) to Rs 20,000 crore (US$ 4.4 billion) in the next three to five years. |
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GESIA signs MoU with Philippines firm
Mumbai/Ahmedabad: Gujarat Electronics & Software Industries Association (GESIA) has signed a memorandum of understanding (MoU) with ICT Davao, Inc of Philippines at the Indo-ASEAN IT BSM, a meet for IT small and medium enterprises (SMEs) of Gujarat, to collaborate for organising trade fairs and buyer-seller meets and provide advisory support for projects. |
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L&T Power to step up capacity, in race to acquire coal blocks
Mumbai: L&T Power Development Company, a unit of India's largest engineering and construction firm Larsen & Toubro Limited, plans to install power plants of 5,000 mega watt (MW) capacities by 2015 to cater to the growing demand for electricity. The company also plans to acquire coal mining blocks in Australia and Indonesia to build coal linkages for its power plants. |
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Ministry grants Rs 300 cr for Maritime University
Chennai: The Shipping Ministry has allocated Rs 300 crore (US$ 65.9 million) to the Indian Maritime University to create infrastructure facilities including academic complex, administrative building, library, hostels and residential accommodation over the next five years. |
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