Maithon Power Limited (MPL), a 74:26 joint venture between The Tata Power Company Limited (Tata Power) and Damodar Valley Corporation (DVC) announced completion of its financing for the 1050 MW coal based thermal power project, being set up in Dhanbad District of Jharkhand State. The Proj…

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Canara Bank has reduced the rate of interest by 25 basis points w.e.f. 07.02.2008 on existing as well as new housing loans, irrespective of loan amount and for all tenors up to 25 years. All borrowers who have opted for Home loan under the floating rate will get the benefit of interest re…

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Suzlon Energy Limited (SEL), the world’s fifth leading and India’s largest wind turbine manufacturer announced the signing of new order in Australia. The contract, for 56.7 MW of capacity, was signed with Melbourne’s Pacific Hydro Limited by the company’s Australia-operations arm …

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VSNL (NYSE: VSL), a leading communications solutions provider, confirmed today that the company restored a majority of its IP connectivity into the MENA region within 24 hours of the Egypt cable breakdown on Thursday. On January 30, 2008, the SEA-ME-WE 4 and other undersea cables were …

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For the nine months period ended 31st December, 2007, Mukand Engineering posted a Total Income of Rs.18.36 crores (Rs.20.22 crores) and Profit Before Tax of Rs.78 lacs (loss of Rs.13 lacs). The Company has orders on hand worth Rs.125 crores and is currently executing projects for HPCL,…

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Tata Motors reported a total sale of 54,796 vehicles (including exports) for the month of January 2008, nearly flat compared to 55,440 vehicles sold in January last year. The monthly sales — both domestic and total (including exports) — crossed the 50,000 mark for the first ti…

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YES BANK, India’s new age private sector Bank, today announced that the meeting of the Capital Raising Committee of the Board of Directors of the Bank held on Tuesday, February 5, 2008 at Mumbai, has approved a proposal to raise funds by way of issuance of up to 20 million equity sh…

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Punjab National Bank has entered into MOUs with Credit rating agencies Fitch Ratings India Ltd. and ICRA. Under these MoUs, Fitch Ratings and ICRA will assign ratings to the Bank’s loans and its other exposures under the standardized approach of RBI’s New Capital Adequacy framewo…

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Bajaj Electricals, further consolidated its position during the third quarter ended 31st Dec 2007. The net sales/income from operations for the third quarter is higher by 28.9 % at Rs. 365.1 Crore as against Rs. 283.3 Crore in the third quarter of the previous year. The Profit before Tax …

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Steel Authority of India Limited (SAIL) today commenced year-long celebrations titled Antaragni to commemorate the 50th year of production by its first plants with a function held at the Plenary Hall of Vigyan Bhawan in New Delhi. The celebrations were inaugurated by Union Minister for Ch…

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