Popular Articles

IPOs in 4 group firms possible: ICICI
ICICI Bank on Friday said it could make initial public offerings (IPO) in four subsidiaries or sell stake in its insurance ventures after the sectoral foreign direct investment (FDI) limit was raised.

Dabur net up 27.04%
The consolidated net profit of fast moving consumer goods company Dabur India increased 27.04 per cent in the quarter ending December 31, 2009. It stood at Rs 137.77 crore in the third quarter against Rs 108.45 crore in the corresponding period a year ago. Net sales, on the other hand, saw a slower pace of growth, moving up 18.25 per cent only, to touch Rs 926.18 crore in the third quarter against Rs 778.65 crore in the corresponding period last year.

News of the day

Sebi well within rights to act against RIL: MCA
The government has said that the Securities and Exchange Board of India (Sebi) was empowered to take action against Reliance Industries (RIL) if a probe established irregularities in share allotment by the company in 2000, and wanted to know what exactly the market regulator expected from it.
Corporate

World's fastest train link starts operation in China

China today started operation on its fastest rail link in the world with a high-speed train connecting the modern cities of Guangzhou and Wuhan at an average speed of 350 kilometres an hour. - Bangalore varsity to get institute of excellence - Burn Standard"s units may soon get govt nod for sale - RIL"s Haryana SEZ, 10 others asked to seek fresh licence - C&C Construction in talks with hotel chains for Mohali prop - M"rashtra wants Centre to amend CRZ for infra projects - Infra-focussed PE fund raising to gain steam in 2010 The super-high-speed train reduces the 1,069-km journey linking Guangzhou, a business hub in southern China near Hong Kong, with the capital Beijing, to a three hour ride and cuts the previous journey time by more than seven-and-a-half hours, Xinhua news agency said. Test runs for the rail link began earlier in December during which it recorded a maximum speed of 394.2 km per hour and the operations officially began today, said Xu Fangliang, general engineer in charge of designing the link, according to Xinhua. By comparison, the average for high-speed trains in Japan was 243 km per hour while in France it was 277 km, he said. The network uses technology developed in co-operation with foreign firms such as Siemens, Bombardier and Alstom. The work on the project began in 2005 as part of plans to expand country"s high-speed network, Xinhua added. China unveiled its first high-speed line at the time of the Beijing Olympics in 2008. Country"s ambitious rail development programme aims at increasing the national network from the current 86,000 km to 120,000 km, making it the most extensive rail system outside the United States.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):