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Editor's Desk Banking entity, Bank of Rajasthan (BoR), has entered into a pact with Tractors and Farm Equipment (TAFE) to make available tractors to farmers at cheaper rates. The move would enable the farmers primarily in Rajasthan, Madhya Pradesh and Haryana to avail tractor loans at an interest rate of 12% and reduced margin money of 5% … Read more BoR signs pact with TAFE
Major automotive forgings maker, Bharat Forge, has signed a memorandum of understanding (MoU) with the world leader in nuclear power, Areva, to set up a joint venture for rolling out a manufacturing unit for heavy forgings in India. The plant is likely to become operational by 2012. The forgings manufactured by the JV will meet … Read more Bharat Forge signs MoU with Areva
NTPC held a conference call to discuss quarterly and nine months ended results and future growth plans. Chandan Roy, Director, Operations, Mr. A.K. Singhal, Director of Finance, and I.J. Kapoor, Director, Commercial addressed the call. Highlights of the call PLF of coal fired plants in quarter ended Dec’08 was 91.40%, all-India was 77.48% (Quarter ended … Read more NTPC – Plans to add 2800 MW, 5410 MW and 10980 MW capacities
Asian Paints (India) (APIL) held concall on 28 January 2009 to discuss the third quarter results, and future prospects of the company. Ashwin Dani, vice-chairman and managing director, APIL along with his colleagues has addressed the meet. Highlights of the meet: The consolidated net sales of the company during the quarter ended December 2008 has … Read more Asian Paints – Impact of real estate slow down to be seen in H1FY10
Kalpataru Power Transmission Ltd, a leading EPC player in power transmission and distribution, has secured a transmission order worth 250 million USD from the Ministry of Energy and Water, Kuwait. The prestigious order by far the largest for an Indian transmission company relates to a 172 Km-400 KY double circuit overhead transmission line. The order … Read more Kalpataru Power bags largest power transmission order – $ US 250 mn from Kuwait
Global banking major BNP Paribas has completed the stake acquisition in Geojit Financial Services, following an open offer and conversion of warrants into equity. Earlier on January 23, 1.39 crore shares were allotted to BNP Paribas SA on warrants conversion. Besides, the bank had also made an open offer which closed on January 10 through … Read more BNP Paribas raises its stake in Geojit Financial to 34.33%