Further, the banking industry is going to start bleeding from NPAs reports indicate that State Bank of India alone has an exposure to the miners involved to the extent of Rs 4,000 crore.
Aegis Logistics forms JV with Itochu for LPG sourcing
Aegis Logistics is forming a JV with Japan´s Itochu Petroleum Co. for its Singapore based LPG sourcing and supply business. For the JV, Aegis will be divesting its 40 per cent stake in its Singaporean subsidiary, Aegis Group International Pte Limited, for a consideration of $5.85 million.
Crude likely to stay below $100/bbl
Brent crude has gone below $100 a barrel for the first time in two years. Analysts believe crude oil prices should remain soft through the year, as the International Energy Agency has cut global oil consumption estimate from 1.3 million barrels per day in January to 0.9 million barrels per day at present
Emphasis on PPP is good for T&D
There seems to be progressive movement in the transmission and distribution sector, which is expected to give an impetus to growth of this space, says Ramesh Chandak, Managing Director and CEO, KEC International Ltd
Concept Solutions invests in Capture Solar
Cyprus-based photovoltaic solutions provider Concept Solutions & Innovation has made a $125 million investment in Pune-based solar energy solutions firm CaptureSolar Limited financing the company´s 90 MW solar project in Pune.
Gas development in Rajasthan
Cairn India's Rajasthan oil block is currently witnessing a new focus on gas prospects. The company in its annual results had informed the market that development of the Raageshwari Deep gasfield is presently underway.
With the CNX Infra Index in a Modi-fied zone and the S&P BSE Power Index gaining momentum, power experts are expecting golden days for the sector. Rahul Kamat explores four stocks that should perform well in the near future.
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