ICEX : MIDDAY MARKET REPORT

Mahbubnagar Plant of NSL Sugars Commences Operations

Hyderabad: NSL Sugars, a part of Hyderabad based NSL Group, announced today that its Mahbubnagar Plant, Krishnaveni Sugars, has commenced operations. It is an integrated Sugar, Co-generation power and Fuel grade ethanol project set up at Kothakota Mandal of Mahbubnagar district in Andhra Pradesh. NSL invested Rs. 350 crore to build the integrated sugar complex. […]

Holtec International Subsidiary SMR, LLC Launches the Detailed Design of the Holtec Inherently Safe Modular Underground Reactor

United States: Holtec International is pleased to announce that the proof-of-principle studies on Holtec’s 140 MWe (Min.) modular reactor that began a year ago have been successfully completed. The new reactor is named HI-SMUR 140, derived from Holtec Inherently Safe Modular Underground Reactor. As the above words in HI-SMUR’s name indicate, its core is located […]

Frost & Sullivan: Indian Power Inverter Market Veering Towards Double-digit Growth Rates until 2017

Mumbai : The increased purchasing power of the Indian consumers has paved the way for the power inverter market in the country to grow. Initially it used to fulfill only primary demands such as powering a few fans and lights, however, inverters are now being used to run desktops, air conditioners and the many other […]

UNIKEN Signs MOU at ‘Vibrant Gujarat 2011’ to Setup their Second Technology and Business Innovation Centre

Pune: UNIKEN, a leading technology innovation company and the Government of Gujarat signed a MOU at the recently concluded ‘Vibrant Gujarat 2011’ – 5th Global Summit, held on 12th and 13th January, 2011 at Mahatma Mandir, Gandhinagar. The focus of this particular Vibrant Gujarat event was to broaden its scope from being an investment event […]

Polaris debuts as a “Strong Performer” in an Independent Analyst Report on Global Banking Platforms

Chennai : Polaris Software, a leading Financial Technology company, today announced that Forrester Research, Inc. has recognized Polaris and its IntellectTM suite of products as a Strong Performer in the recently released report1 ‘The Forrester Wave™ Global Banking Platforms, Q4 2010.’ This is Polaris’ debut in the Forrester Wave report where it has emerged as […]

Sensex gains 220 points in opening trade

The Sensex gained nearly 220 points in opening trade on the Bombay Stock Exchange (BSE) Wednesday amid a firming trend overseas. The 30-share index of the Bombay Stock Exchange surged by 219.18 points, or 1.21 per cent, to 18,241.40 within the first few minutes of trade, with oil and gas, realty and banking stocks leading […]

Rupee up 19 Paisa to Rs 45.56 against US dollar in early trade

The Indian rupee gained 19 paise to Rs 45.56 against the US dollar in early trade at the Interbank Foreign Exchange Wednesday, supported by a higher opening in the stock market and weakness of the American currency against the euro. The rupee had appreciated by 15 paise to close at Rs 45.75/76 against the US […]

Govt considers raising FDI limit in defence sector

To attract foreign manufacturers to invest in India, a group of ministers is considering a proposal to raise Foreign Direct Investment limit in the defence sector to 49 pc from the current 26 percent. The Defence Ministry on Tuesday said the proposal mooted by the Commerce Ministry would also help the domestic industry to grow. […]

ICEX Iron ore update.