Henry's Feed
Sep 13, 2011
via India Insight

U.S. consulate for sale, in India’s daily paper

Photo

For sale: a spacious, well-built Mumbai townhouse with beautiful views, well-heeled neighbours and one considerate, well-respected former owner.

Lodged between an advert for hair loss treatment and an article on illicit after-hours drinking in India’s commercial hub, the U.S. government consulate in Mumbai invited bids for its two consulate properties in Tuesday’s Times of India newspaper.

Sep 6, 2011

BP looks to ramp up Gulf of Mexico activity

NEW DELHI (Reuters) – BP Plc is looking to ramp up activity in the Gulf of Mexico in the coming months and is applying for new well permits there this quarter, an executive said on Tuesday, as the firm looks to move on from a huge oil spill last year.

The London-listed firm, which has failed to convince investors of its post-spill strategy, could take up to two years to increase output from a key gas field of India’s Reliance Industries Ltd, another executive said.

Sep 6, 2011

BP looks to ramp up Gulf of Mexico activity, India output

NEW DELHI, Sept 6 (Reuters) – BP Plc is looking to
ramp up activity in the Gulf of Mexico in the coming months and
is applying for new well permits there this quarter, an
executive said on Tuesday, as the firm looks to move on from a
huge oil spill last year.

The London-listed firm, which has failed to convince
investors of its post-spill strategy, could take up to two years
to increase output from a key gas field of India’s Reliance
Industries Ltd , another executive said.

Aug 19, 2011

Smarting firms strengthen case for policy breather

NEW DELHI/MUMBAI (Reuters) – A. Chandra Shekhar, the CEO of a small alternative energy solutions firm at the heart of India’s much-vaunted boom story, should be rolling in orders and expanding his business on the coat-tails of near double-digit economic growth.

But his funding and growth prospects for the immediate future have dried up, thanks to the anti-inflationary crusade of one of the most aggressive central banks in the world.

Aug 19, 2011

Analysis: Smarting firms push case for India policy breather

NEW DELHI/MUMBAI (Reuters) – A. Chandra Shekhar, the CEO of a small alternative energy solutions firm at the heart of India’s much-vaunted boom story, should be rolling in orders and expanding his business on the coat-tails of near double-digit economic growth.

But his funding and growth prospects for the immediate future have dried up, thanks to the anti-inflationary crusade of one of the most aggressive central banks in the world.

Aug 19, 2011

Smarting firms strengthen case for India policy breather

NEW DELHI/MUMBAI, Aug 19 (Reuters) – A. Chandra Shekhar, the
CEO of a small alternative energy solutions firm at the heart of
India’s much-vaunted boom story, should be rolling in orders and
expanding his business on the coat-tails of near double-digit
economic growth.

But his funding and growth prospects for the immediate
future have dried up, thanks to the anti-inflationary crusade of
one of the most aggressive central banks in the world.

Aug 18, 2011

Reliance Industries loses status as India’s most valuable firm

MUMBAI (Reuters) – Reliance Industries, for long the darling of Indian investors, was knocked off its four-year long perch as the country’s most valuable company, as fears over slowing gas production dragged its stock down almost 30 percent this year and led to the first full day of trade with Coal India on top.

Reliance, owned by Mukesh Ambani, the world’s ninth richest man, saw its crown seized by Coal India, the world’s largest coal miner, whose stock in energy-hungry India is the best performer this year on the country’s top index.

Aug 18, 2011

Reliance loses status as India’s most valuable firm

MUMBAI, Aug 18 (Reuters) – Reliance Industries ,
for long the darling of Indian investors, was knocked off its
four-year long perch as the country’s most valuable company, as
fears over slowing gas production dragged its stock down almost
30 percent this year and led to the first full day of trade with
Coal India on top.

Reliance, owned by Mukesh Ambani, the world’s ninth richest
man, saw its crown seized by Coal India , the world’s
largest coal miner, whose stock in energy-hungry India is the
best performer this year on the country’s top index .

Aug 11, 2011

Reliance Infra Q1 net up 8 pct, beats forecast

MUMBAI (Reuters) – Reliance Infrastructure on Thursday said fiscal first quarter profit rose 8 percent, beating expectations as income from its road and rail business soared on the back of infrastructure investment in Asia’s third-largest economy.

The Mumbai-based firm controlled by billionaire Anil Ambani started out as a power distributor in India’s financial capital, but has transformed itself into a complete infrastructure player as India looks spend $1 trillion between 2012 and 2017 to revamp its roads, railways and ports.

Aug 11, 2011

India’s Reliance Infra Q1 net up 8 pct, beats forecast

MUMBAI, Aug 11 (Reuters) – India’s Reliance Infrastructure
on Thursday said fiscal first quarter profit rose 8
percent, beating expectations as income from its road and rail
business soared on the back of infrastructure investment in
Asia’s third-largest economy.

The Mumbai-based firm controlled by billionaire Anil Ambani
started out as a power distributor in India’s financial capital,
but has transformed itself into a complete infrastructure player
as India looks spend $1 trillion between 2012 and 2017 to revamp
its roads, railways and ports.