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| Today's News |
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February 06, 2012
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Forex reserves rise to $293.93 bn
New Delhi: India's foreign exchange (forex) reserves increased by US$ 673 million to touch US$ 294 billion for the week ended January 27, 2012. According to the Reserve Bank of India (RBI), increase in the foreign exchange reserves is mainly on account of revaluation in the foreign currency assets. |
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More Japanese firms find India hot
New Delhi: Recently around 200-300 Japanese firms have evinced interest to set up their base in India. "...and they see a huge potential for the future," according to Masaki Ida, Chief Director-General, Japan External Trade Organisation (JETRO). |
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Tata Steel Canada arm inks deal for rail transportation of iron ore
Kolkata: Tata Steel Minerals Canada (TSMC) has entered into a "life of mine" rail transportation contract with Quebec North Shore and Labrador Railway Company (QNS&L). The deal allows for the transportation of iron ore from the Direct Shipping Ore (DSO) Project, owned by TSMC, from Emeril Junction, Newfoundland and Labrador, to Arnaud Junction in Sept-Iles, Quebec. |
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Halcyon Finance buys superspecialty hospital rights for Rs 375 cr
New Delhi: Halcyon Finance and Capital Advisors Pvt Ltd has bought management and development rights of an under construction superspecialty hospital in Delhi, India, for Rs 375 crore (US$ 76.96 million). Halcyon plans to develop a 700 bed facility and will also provide allied healthcare activities such as research and medical education at the hospital. |
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Gamesa launches 2-MW turbine
Coimbatore: Wind turbine major Gamesa has formally launched its 2 mega watt (MW) machine, which was unveiled by Dr Farooq Abdullah, Union Minister for New and Renewable Energy, at the 3rd International Wind Conference and Exhibition. Gamesa's 2 MW turbine is approximately worth Rs 14.50 crore (US$ 2.98 million). |
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