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Popular Articles

'Investors' risk appetite is gradually returning'
The mutual fund industry has come for some serious criticism in the recent past. The reason: It has completely missed the stock market rally that started from early March and has given returns of over 70 per cent to investors. Madhusudan Kela, head (equities), Reliance Mutual Fund, which has the highest average assets under management and investor base, speaks to Palak Shah and explains why fund houses are being judged unfairly. Excerpts:

CEOs upbeat over growth prospects, to raise headcount
Most of the business leaders surveyed across the world sounded optimistic about growth prospects and are planning to raise headcounts this year, indicating that fears of world financial meltdown have receded, said a survey.

News of the day

Rupee down 8 paise at 46.28 a dollar
The Indian rupee today depreciated by 8 paise to 46.28 against the US currency in early trade on expectations of capital outflows by foreign funds.
Corporate

NPCIL, Nalco ink MoU to set up N-power plants in India

Nuclear Power Corporation of India (NPCIL) and National Aluminium Company (Nalco) today signed a Memorandum of Understanding (MoU) for setting up nuclear plants in the country. - Nalco, NPCIL ink pact for nuke power generation - Nalco announces cash incentive for fly ash disposal - Nalco SAPs at Damanjodi demand R & R benefits - IOC signs pact with NPCIL for 1,000 Mw power plant - Nalco eyes mineral properties in Namibia - Nalco shelves South Africa project; puts Iran project on hold The MoU was signed by NPCIL Chairman and Managing Director S K Jain and Nalco Chairman and Managing Director A K Srivastava, a press release issued here stated. As per the MoU, Nalco intends to invest here as part of its strategy to diversify into commercial generation of electricity through nuclear power plants jointly with NPCIL, the release said. NPCIL is a central public sector undertaking (PSU) under the administrative control of the Department of Atomic Energy (DAE) and is involved in the design, construction, operation and maintenance of nuclear power plants for the generation of electricity in accordance with the provisions of the Atomic Energy Act. Nalco is a central PSU under the administrative control of the Ministry of Mines, which has more than 25-years of experience in mining, alumina refining, power generation and aluminium smelting.


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