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Gammon stock rises from Delhi Metro's debris
The collapse of a Delhi Metro bridge stretch on Sunday morning and three recovery cranes toppling over today crushed the contractor — Gammon India’s — scrip in initial trade on the Bombay Stock Exchange today, but the stock recovered dramatically in a falling market to close 2.73 per cent higher.

Harley Davidson announces top management for India
Harley Davidson Motor Company India (HDMCI), the wholly owned subsidiary of Harley Davidson Motor Company, the US-based motorcycle producing company, today announced the appointment of its national leadership team.

News of the day

Fertiliser crisis grips rabi cropping in MP
Madhya Pradesh is once again facing acute fertiliser shortage this rabi season, Chief Minister Shivraj Singh Chouhan has told the Centre. Soon after sowing wheat and other rabi crops urea was needed during the first watering, growers said, adding that fertiliser dealers hoarded and indulged in black-marketing to mint money from them. A few years ago, the state had faced a severe urea crisis, which had even triggered violence in some areas.
Corporate

Badal urges Abdullah to enhance subsidy for solar water pumping system

The Deputy Chief Minister of Punjab Sukhbir Singh Badal today urged Farooq Abdullah, Union Minister for New and Renewable Energy to enhance the central subsidy for solar water pumping systems for irrigation and allied purposes from Rs 30 per watt to Rs 100 per watt to make the system viable for small and marginal farmers. He said that with the support of Union government, Punjab had installed maximum number of Solar Pump (1850) during the period 2001-04 as Union government had been providing subsidy ranging from Rs 1.80 lakh to Rs 2.43 lakh for 2 HP solar pumps for irrigation purposes. Hero Honda accelerates on good sales numbers He said that since Union government has now reduced this subsidy to only Rs 50,000, installing solar water pumps have become unviable for small farmers not only in Punjab but in the entire country.


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