Thursday, February 25, 2010

Telengana problem continues.

Power Grid board oks investment worth 28.46 bln rupees.
MUMBAI (Reuters) - Power Grid Corp of India said on Thursday its board has approved investment proposals totalling 28.46 billion in three different projects.
This includes system strengthening in southern region at a cost of 2.32 billion rupees, for Mauda Transmission system at a cost of 4.69 billion rupees and for transmission system for Pallatana gas based power project for a cost of 21.44 billion rupees, it said in a statement to the NSE .
Agri growth stunted due to lack of Govt investment: Dr. Mungekar.Read here.
India loses Rs 50,000 crore revenue on export promotion schemes,by the MM Singh led Government.Read here,
Greater share for States States to get a greater share in Central tax proceeds.Read here.
Fertiliser firms looking for JVs abroad to overcome shortage.Read here.
Govt offers 10 pc stake in IOC refinery to Saudi Aramco.Read here.
Dubai crisis could affect India's foreign trade.Read here.
Farmers sue USDA over Monsanto.Read here.
FII net selling Rs 595 and DII net buying Rs326 Crores on 25/2/10,and for February,2813 and 2204 respectively.Yearly figures are FII sales:10030; DII Purchases: 14426
1.BDI 2711;+4;+015%;Below the 200DMA of 3091;50 DMA(3040) has crossed the 200DMA.Dry Bulk Shipping is in trouble.
2.US Dollar Index (80.64). Rupee 23paise up v Dollar @46.12
3.Reuters/Jeffries CRB index 270.868 (-3.831)
4.Gold $1107Oz
5.Silver $518/kg;
6.VIX:-
India 29.55;-0.85;-2.80%
US 20.10;-0.17;-0.84%
7.Crude $78.15/bbl
8.Sensex -2; 16254

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