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PFC sets up SPV for 4,000 MW power project in Jharkhand

PFC Logo Power FInance Corporation

A 4,000 MW ultra power project will be developed in Jharkland. This was made possible with the effort of State-run Power Finance Corp in forming special vehicle, Deoghar Mega Power Ltd. With this, the Deoghar will not become the second Ultra Mega Power Plant in the State while the first is the Tilaiya. The latter […]


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Suguna Poultry – Rs 4200 crore poultry empire, 18000 Farmers – How It All Happened?

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The development of the Rs 4,200 crore company with 18,000 farmers across the world was made possible by two brothers B Soundararajan and GB Sundararajan. They have shared how they were able to make their Suguna Poultry a success. First, you need to keep in mind that you need to be your own boss. This […]


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Intas Pharma raises Rs 300 cr from ChrysCapital

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An investment into Intas Pharma will be done by a major private equity ChrysCapital. This investment will surely be an advantage for Intas Pharma, but it will delay their filing for an initial public offering. According to their Vice Chairman and managing director Mr Binish Chudgar, The funds for their company will surely stimulate more […]


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Samsung, Godrej, Panasonic expecting atleast 25% higher sales from ACs this year

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Consumers are now slowly realizing the importance of cost savings and energy consciousness when it comes to the products that they buy which led to the 25% higher sales from five star modes of Samsung, Godrej and Panasonic. One of the things that can be assured by these companies is that their products are really […]


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Mahindra & Mahindra proposes to set up Rs 3,000 cr plant in Uttarakhand

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An investment of Rs 3,000 crore to set up a manufacturing plant in Uttarakhand was proposed by one of the leading auto company in India Mahindra and Mahindra. This news was according to the statement given by the state government. Last April 26, Pawan Goenka, president of M&M had a meeting with Chief Minister Vijay […]


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Exim bank Net up by 15.6% in FY 2012; L & T Finance Q4 net jumps by 45%

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Export Import bank of India reported profit at Rs.675 crore for the FY which ended on March 31 st 2012, 15.6% higher than the previous fiscal. Loan portfolio of development financial institution (DFI) increased to Rs.54, 530 crore during the same period. Bank also raised borrowings of different maturities aggregating for Rs.27, 630 crore in […]


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HSBC Bank is terminating employees – Slowdown?

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A recent study by the World Economic Forum and Deloitte Touche Tohmatsu revealed that an estimated ten million manufacturing jobs worldwide could not be field due to the lack of talent of people. Looking for jobs these days and being hired will be a matter of competition of talent. Though there are a lot of […]


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Gold shoots to over 4-month high on seasonal demand

Gold prices high!

While silver has remained weak for the third day straight, Gold had hit a fresh over four months high by adding Rs 200 to per grams on high seasonal buying support. On the other hand, silver lost Rs 200 per kg on reduced offtake by coin makers and industrial units. Gold has become popular because […]


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