01:30pm BHEL in News: State-owned power equipment maker
BHEL has signed a Memorandum of Understanding (MoU) with a Russian company
INTMA, to set up a gas-based power project in Kazakhstan.
The MoU will further help BHEL in consolidating its presence in the CIS
countries, the company said.
"The two parties will endeavour to assist each other in the
implementation of this MoU. For us, this is a great opportunity to expand our
footprint in the CIS region," BHEL Chairman and Managing Director B P Rao
said.
Primarily engaged in manufacturing of power plant equipment like gas
turbines, steam turbines, hydro turbines and boilers, BHEL has robust
experience in construction of power plants in India and overseas, it said. BHEL
is currently executing 23 major projects in 16 countries and has a presence in
more than 75 countries.
01:00pm Market Check
Even after food prices fell to a three month low in March, the market seems
to be unimpressed. The Sensex is down 43.42 points at 29001.02 and the Nifty is
down 18.80 points at 8815.20. About 1493 shares have advanced, 1141 shares
declined, and 152 shares are unchanged.
Wholesale price index (WPI)-based inflation for March fell to a new low of
-2.33 percent, the fourth successive month of deflating prices after the flat reading
in November. The WPI reading for February was -2.06 percent. A economists had
forecast March WPI at -2.07 percent. Economists say the latest number is proof
that inflation is clearly trending lower, and this should provide the Reserve
Bank of India room to cut rates.
Sesa Sterlite, SBI, Tata Power, ITC and ICICI Bank are top gainers in the
Sensex. Among the losers are M&M, Bharti Airtel, Tata Motors, Wipro and
Infosys. For More information please visit this site www.bigprofitbuzz.com
No comments:
Post a Comment