world bank lending $4.3b to india

The World Bank has approved $4.3 b in loans for India to help finance infrastructure projects and support its economic incentive programme.'This is the critical time to sustain Indian economic recovery,' and this money will be directed especially towards four projects said World Bank country director for India Roberto Zagha. Of the total amount, World Bank said it would provide $2 b to India's banking sector designed to develop the quantity of credit available to firms.

World bank also approved $1.2 billion for the India Infrastructure Finance for financing public-private partnerships in infrastructure and to encourage the development of a long-term local currency debt financing market and $1 billion to address India's acute power shortages by assisting the PowerGrid, the national electricity distribution company, with its investment programme after a freeze up in overseas lending.The bank also provided $150 million to Andhra state to improve water supply and sanitation services for 2,600 villages across six districts.

DLF sold 1250 flats within 2 hours

DLF, the country's largest Builder, today launched the 2nd phase of its housing project in the heart of national capital and sold all 1,250 apartments within 2 hours. The company sold all the flats, offered at prices of up to Rs 1.86 cr, though it has raised the selling price of its units by up to 26 % compared to the 1st phase.

"Even with increased price, we have received wonderful response for our product. We initially planned to commence 650 units in the 2nd phase, but due to huge demand we decided to propose more," DLF Managing Director T C Goyal told Press. The company has launched the 2nd phase of the project — Capital Greens — at Rs 6,750 (2-BHK), Rs 7,500 (3-BHK) and Rs 8,000 (4-BHK) per sq ft. However, the valuable rate would come down to Rs 5,677, Rs 6,363 and Rs 6,820 per sq ft respectively as DLF would offer a discount of Rs 500 a sq ft for timely payment and 8.5 % rebate on down payments.

The total area of the apartments would be of 1,210 sq ft-2,720 sq ft and would carry effective price tags between Rs 68.69 lakh and Rs 1.86 cr respectively.

Tata TeleServices Limited(TTSL) became No 1 Telecom operator

Tata TeleServices Limited(TTSL), India’s fastest-growing pan-India dual-technology (CDMA&GSM) telecom service provider, emerged as the Number One telecom operator in the country in terms of new subscriber additions in a month, by adding more than 34 lakh new subscribers in Aug 2009. The achievement is all the more noteworthy in that the nearest competitor in terms of new subscriber additions managed to add just over 28 lakh subscribers in the same period, a gap of 6 lakh subscribers.

Nifty toched 5000 after 16 months

The National Stock Exchange(NSE) Nifty closed above the 5,000 mark for the 1st time in 16 months on Thursday after 2nd-quarter advance corporation and personal income tax collections registered positive growth.

Advance corporation tax and personal income tax collections grew 14.7 % and 1.7 %, respectively, in the quarter ended Sep 15, as against the fall of 3.7 % and 44 %, respectively, in the 1st quarter. The Securities and Exchange Board of India’s (SEBI) plan to simplify norms for foreign portfolio investments improved the sentiment. The Bombay Stock Exchange (BSE) Sensitive Index, or Sensex, touched an intra-day high of 16,943.49, up 202.19 points. It closed at 16,886.43, up 145.13 points.

The Nifty closed above the psychological mark of 5,000 for the first time since May 22, 2008. The index rose 44.15 points on Thursday and closed at 5,020.20.

Financial sector stocks gained after Finance Minister Pranab Mukherjee hinted that the Reserve Bank of India (RBI) would keep policy rates low. Mukherjee had said in Bangalore on Saturday that India’s equity index was moving “steadily” and the authorities would avoid disturbing the pattern. The country’s biggest housing loan provider, HDFC, surged 5.30 per cent, SBI (1.41 %), HDFC Bank (1.50 %) and ICICI Bank (0.96 %).

Solvent Recovery systems from NexGen Enviro Systems

Solvent Recycling or Solvent Recovery uses a distillation unit. Distillation is the separation of solvents by difference of boiling points to produce reusable, purified solvent. Distillation systems generally include multiple stage, vapor liquid contacting equipment. If dissolved solids are also present, then the process may also include an evaporation step that vaporizes the volatile compounds, so the solids can be removed.

If you are running the chemical, pharmaceutical, manufacturing, fabrication or another process industry, chances are your manufacturing method requires solvents. No matter how carefully you work to reduce solvent use to the absolute minimum, you simply can not eliminate all the chemical byproducts of manufacturing. Without proper Solvent Recovery System we can’t able to reduce the solvents completely. If you are approaching some solvent waste disposal company it may leads to big expenditure. So you have to choose a better option to resolve this issue.

What is the option? Solvent Recovery systems from NexGen Enviro Systems. Our Solvent Recovery systems employ modern distillation technology to separate and recover valuable chemical products from waste mixtures. Using these systems, you can recover and reuse solvents from a wide range of processes. Even from composite mixtures with high variability from batch to batch. These Solvent Recovery systems are designed to help you recover more from your manufacturing process and waste less. So it is also called as Waste Recovery System.

crude oil futures slipped because of job cuts

U.S. crude oil futures slipped on Wed (Sep2) as a report on private employer job cuts pressured oil futures and
equities while elating the dollar. Crude oil futures were knocked lower on Tuesday by concerns about bank failures
and economic recovery, and the market was awaiting government inventory data due Wednesday morning after
industry figures showed crude supplies fell sharply last week. U.S. private employers cut 298,000 jobs in August,
fewer than a revised 360,000 jobs cut in July but more than the 250,000 job cuts predicted by analysts, a report
by ADP Employer Services said on Wednesday.
 The ADP report caused the dollar to strengthen against the Euro/USD and pressured U.S. equities at the open.
The American Petroleum Institute (reported Tuesday that crude oil stocks fell 3.2 million barrels in the week to
Aug. 28.Gasoline stocks fell 2.8 million barrels and distillate stocks rose 920,000 barrels.

Today's(Sep 2) market movement

Today’s market trend was choppy as global markets exhibited weakness and U.S. index futures trended lower in the middle of fresh concern about the health of the U.S. financial sector. Though economic reports from some part of the world were fairly positive, investors remained highly unwilling to build up positions today. There were a few rallies because of the selective stocks and made the situation to sell during every rise.

The Sensex, which opened nearly 70 points down and dropped down to 15,392.68 in early trade, rose to 15,628.10 a few min before noon, but failed to sustain at higher levels and fell into the red again. The barometer eventually ended the day at 15,467.46 with a sharp loss of 83.73 points or 0.54%.The Nifty index of the National Stock Exchange (NSE) closed lower by 17 points or 0.37% at 4608.35. In intra-day trading, the Nifty touched a low of 4576.60 and high of 4650.45.Information Technology (IT) stocks had a fairly good session thanks to a weak rupee. Select Pharma, FMCG and oil stocks moved up sharply. Realty, auto and capital goods stocks failed to hold gains and ended with notable losses. Power, bank and metal stocks were mostly subdued today.

New cars from Hyundai@2.63lakh

India's 2nd largest car maker Hyundai Motors India on Wednesday launched a new range of its flagship Santro car, priced between Rs 2.63 lakh and Rs 3.48 lakh."Santro has been a amazing success in India right from the start. The new Santro models has been designed with luxurious interiors and enhanced exterior features to further improve its appeal to the customers", Hyundai Motors India (HMIL) Managing Director, H S Lheem said in a statement. Hyundai has so far sold about 15 lakh units of Santro in the country. The new model under Santro Non-Ac is priced at Rs 2.63 lakh, while Santro GL and GLS are priced at Rs 3.28 lakh and Rs 3.48 lakh respectively. The LPG variant of Santro GL is priced at Rs 3.49 lakh, whereas the LPG variant of Santro GLS is priced at Rs 3.69 lakh.Usually in india most of the peoples used to opt for LPG variant cars only.this is a good move from Hyundai to increase there market gap in small car industry in india.