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Surajeet Das Gupta: India's still the low-cost haven
Surajeet Das Gupta / New Delhi August 20, 2009, 0:11 IST

Low rainfall hits use of fertilisers
It’s no-brainer that in a year like the present one, when the monsoon has played truant leaving the country rain deficient, fertiliser consumption will take a hit. The conventional wisdom is that the use of fertiliser is decided by simultaneous play of three factors – the weather, volume of land committed to farming and crop intensity of land.

News of the day

Black pepper imports rise 42% in April-Oct
Higher prices in India since the last seven months led to a rise of 42 per cent in the imports of black pepper during the April-October period. The country imported 11,500 tonnes of pepper compared with 8,100 tonnes in the same period last year. Interestingly, the exports during the period were also 11,500 tonnes.
Management

Jindal Power files DRHP with Sebi

Jindal Power, a subsidiary of Jindal Steel & Power (JSPL), has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue of equity shares through 100 per cent book building method. - DB Corp: Regional edge - Jindal Power lines up Rs 65k cr projects - Jindal Power plans second biggest IPO - Power rules IPO market - Jindal Power plans IPO to raise Rs 10k cr - Temasek, Sequoia eye Prestige"s pre-IPO sale Jindal Power proposes to raise Rs 7,200 crore and intends to utilise the net proceeds of the issue to part finance the construction and development of various thermal power projects and partly for the general corporate purposes. JM Financial Consultants, Enam Securities, Deutsche Equities India, Goldman Sachs (India) Securities, ICICI Securities, UBS Securities India and SBI Capital Market are acting as the book running lead managers to the issue while Motilal Oswal Investment Advisors is acting as co-book running lead managers. JSPL is engaged in the manufacturer of steel and captive power generation.


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