Power cos fail to meet MERC’s target of renewable energy

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
Companies distributing power in Maharashtra are in a fix. The Maharashtra Electricity Regulatory Commission (MERC) has stipulated that 6% of total power procurement by distributors to be renewable power. But companies are unable to meet these targets because of a supply crunch.

PDS overhaul: Govt to include more families into BPL

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
The Centre has decided to restructure the public distribution system (PDS) to include more families into the below poverty line (BPL) bracket, reports CNBCTV18.

Cibil’s new system to help borrowers to address grievance

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
Cibil is finally responding to the many complaints by borrowers that its credit information system is faulty. The credit bureau is working on a new system where in borrowers can flag off errors in their credit history and require a written explanation or correction from the banks, reports CNBCTV18’s Vidhi Godiawala.

Future Group to launch own FMCG distribution network

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
Future Supply Chain Solutions, the logistics arms of Future Group, is now establishing its own FMCG distribution network for modern trade, reports CNBCTV18.

Nifty spent time consolidating yesterday\’s gains

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
The day was a rangebound one, nothing wrong with that. We have had a terrific pullback from 5350. So today the market spent time consolidating and digesting those gains.

Will Direct Tax Code burden IT companies?

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
The implementation of the Direc Tax Code may have an impact on Indian IT companies. Analysts say IT firms with maximum special economic zone (SEZ) exposure will see the largest impact, reports CNBCTV18’s Kritika Saxena.

BSE in talks to acquire majority stake in CAMS

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
The Bombay Stock Exchange (BSE) is in talks to acquire majority stake in computer age management services (CAMS), reports CNBCTV18 quoting sources.

Mkt looks buoyant, sales momentum to continue in Q3: MM

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
Mahindra and Mahindra, India\'s top utility vehicles and tractors maker, has reported a 29% jump in its August vehicle sales. Its domestic sales for August stood at 27,200 units.

Nakoda to invest Rs 32.92 crore in wind power project

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
Textiles firm Nakoda Ltd said on Thursday it plans to invest Rs 32.92 crore to set up a wind power project in Madhya Pradesh.

US jobless claims fall, Q2 productivty much weaker

Posted in Stock, stocks on September 2nd, 2010 by Moneycontrol.com editor@moneycontrol.com – Be the first to comment
New claims for US unemployment benefits fell last week, but were still too high to signal a change in fortune for the troubled labour market.