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The government is expected to open the financial bids for the 4,000-MW Ultra Mega Power Project (UMPP) at Tilaiya in Jharkhand today. The financial and technical bids for the coal-based thermal power project were invited on December 29 and the final financial bids were to be opened within 15 days. NTPC, Reliance Power, Lanco Infratech, … Read more Tilaiya Jarkhand UMPP – Bids to be opened today
The Chief Election Commissioner of India has notified the date of the next Lok Sabha general elections to be held between April 8 and May 15 this year. However, the Election Commission has not specified the final dates on which the elections will be held. Online campaigning for the Lok Sabha has began with L.K.Advani … Read more Lok Sabha elections between April 8 – May 15 + BJP goes High Tech
Government-run Life Insurance Corporation of India (LIC) registered a 50% growth in fresh premium income from group insurance business as on January 15, 2009 as against the previous year period. However, individual retail insurance premium income dipped by 2% during the period as compared to last year period. The corporation has sold around 10,672 policies … Read more LIC registers 50% growth from group insurance biz
Due to lack of a more specific relief package for the textile sector, industry lobby Clothing Manufacturers Association of India (CMAI) has sought for an increase in the duty drawback rate and a further 2% interest subvention, apart from removal of income tax on exports and changes in the labour law. CMAI has sent a … Read more Textile lobby demands for more rescue package from govt
Hindustan Unilever (HUL) held conference call to discuss the results for the quarter ended December 2008. Following are the key highlights of the meet: Highlights of the meet The company’s net sales for the quarter ended December 2008 has increased by 17% to Rs 4307.71 crore. FMCG sales grew by 21% with a 21% growth … Read more Hindustan Unilever – Rural Area contributing 30% of personal products
Sun TV Network held a conference call to discuss quarterly performance and future prospects of the company. Mr S Natrajhen, CFO addressed the call. Highlights of the call For FY09, the Company would continue 20% + growth. For FY10, advertising growth could be 18-20%. The management to maintain OPM in 74-75% range going forward. On … Read more Sun TV Network – Advertising growth rate of 18-20%