Updates

[Deadpresident]

• Why is Petrol Diesel Prices so high ?

  Posted:2016-02-06 18:31:28 UTC+05:30

  Record production in the United States (US), weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran’s entry into the international market have effectively slashed the price of crude oil for India, from $106 per barrel in July 2014 to $26 in January 2016—a 75% drop over 15 months.So, why are you not seeing evidence of this price-cut at your local petrol and diesel

• PLFs of power plants to remain at 22 year low: Ind-Ra

  Posted:2016-02-06 18:30:35 UTC+05:30

  Plant load factors (PLFs) of power companies are unlikely improve in FY17 from the 61.7 per cent in 9MFY16, despite improving fuel supply since demand growth for electricity is expected to stay muted says India Ratings & Research (Ind-Ra). All India thermal plant PLFs have been consistently declining and have fallen 21.5 per cent since the peak of 78.6 per cent in FY08. Ind-Ra expects 

• CPWD to generate 42.50 MW solar power by Sept, 2016

  Posted:2016-02-06 18:29:56 UTC+05:30

  State-controlled construction major, the Central Public Works Department (CPWD) will generate 42.50 MW of solar energy across the country besides replacing energy inefficient electrical fittings in 20 government buildings in Delhi by September, 2016 and in rest of the country later, according to an official statement. “These initiatives of CPWD are estimated to result in a total saving of Rs.115

• India's handicraft exports grow 10 pct in Apr-Dec

  Posted:2016-02-06 18:29:31 UTC+05:30

  Country's handicraft exports grew 10 per cent to Rs 14,782 crore during the first nine months of this fiscal notwithstanding a slowdown globally, the Textile Ministry said today. In comparison, the handicraft shipments stood at Rs 13,460 crore during April-December 2014. "In dollar terms, the value of exports has increased by 3 per cent, from USD 2,215 million during April-December 2014 to USD 

• Cadila Healthcare Q3 profit surges 38.2 pct at Rs 389.6 cr

  Posted:2016-02-06 18:28:27 UTC+05:30

  Pharma major Cadila Healthcare Ltd on Friday reported a growth of 38.2 per cent in its consolidated net profit after taxes (PAT) at Rs 389.6 crore for the third quarter ended December 31, 2015, on the back of robust sales in the US market. “The consolidated net profit of the drug firm stood at Rs 281.9 crore during the same period a year ago,” said Cadila Healthcare Ltd in a filing to the Bombay

• Domino's Pizza India crosses the 1000th restaurant milestone

  Posted:2016-02-06 18:27:51 UTC+05:30

  Jubilant FoodWorks’ Domino’s Pizza, India’s Pizza delivery expert and market leader in the chained pizza segment has inaugurated its 1000th restaurant at Unity One Mall, Janakpuri, New Delhi. With the 1000th restaurant, India joins the USA - home country of Domino's Pizza where the brand has been operating since 1960 - to become the only other country with over 1000 restaurants, the company said

• Eicher Motors net profit zooms 76 pct in Dec quarter

  Posted:2016-02-06 18:27:32 UTC+05:30

  Commercial vehicles maker Eicher Motors today reported 76.1 per cent increase in its consolidated net profit at Rs 270.8 crore for the quarter ended December 31, 2015, riding on robust sales. The company had posted a net profit of Rs 153.77 crore in the year-ago period, Eicher Motors said in a filing to the Bombay Stock Exchange. During the quarter under review, total income of the company 

• NHPC restores unit-2 of Chutak Power Station

  Posted:2016-02-06 18:26:18 UTC+05:30

  Indian hydro power generation company NHPC Ltd on Friday said that unit-2 of the Chutak power station in Jammu & Kashmir has been restored on February 04, 2016. Since October 25, 2015, the company’s unit 2 of Chutak Power Station was under complete shutdown due to problem in water parts. In a filing to the Bombay Stock Exchange, the company informed, “Unit 2 of Chutak Power Station in Jammu & 

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