business

The government on Wednesday awarded the Tilaiya ultra mega power project (UMPP) to the Anil Dhirubhai Ambani Group-promoted Reliance Power. The company offered to supply power at Rs 1.77 per unit – the lowest price quoted by the four companies in the fray. The next best bid came from government owned NTPC, which offered to … Read more Tilaiya UMPP awarded to Reliance Power

Housing Development and Infrastructure (HDIL) has declared its unaudited results for the quarter ended December 31, 2008. The net profit of the company fell by 31.58%, to Rs 184.88 crore for the quarter ended December 31, 2008, against Rs 270.23 crore in a corresponding quarter a year ago. Total revenue also decreased by 35%, to … Read more HDIL announces 31.58% plunge in NP in Dec qtr

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

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