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It's raining orders for India Inc
The trickle has turned into a deluge. India Inc’s order book has more than doubled to an all-time high of Rs 73,320 crore in the second quarter of the current financial year, compared to the first quarter. On a year-on-year basis, the increase is 21 per cent.

Tata Tea Q3 net declines 76% to Rs 92 cr
Tata Tea, engaged in tea plantation and processing business, today announced a consolidated net profit of Rs 92.23 crore for the third quarter ended December 31, 2009, down 76.71 per cent over the corresponding period last fiscal.

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Kotak bets big on M&A deals, ties up with Russian bank
Betting big on the growing India-related M&A deals, private-sector lender Kotak Mahindra Bank today entered into a pact with Russian investment bank, Renaissance capital, to advise cross-border transactions.
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Bus Rapid Transit system in nine more cities

Defending the Bus Rapid Transit (BRT) system, government today said it will be implemented in nine more cities. - Volvo plans to launch double decker and vestibule buses - Ashok Leyland: A slow recovery - Bengal on a cautious industry drive: Nirupam - That"s diplomacy - All Commonwealth Games projects on course: Jaipal Reddy - Ashok Leyland sees 3-5% sales drop "We are implementing BRT in nine cities across the country at an estimated cost of Rs 4,500 crore," Urban Development Minister Jaipal Reddy said while addressing habitat summit here. The cities selected for BRT under JNNURM include Pune, Ahemedabad, Rajkot, Indore, Bhopal, Visakhapatnam, Vijaywada and Jaipur. Reddy said, "When BRT was introduced in Delhi it faced a lot of flak. But it survived the criticism of those who never use public transport." "Unlike Delhi, BRT will come up in these cities not on the existing roads. Separate route will be constructed for BRT. There will be space for pedestrians and cycle track along the BRT," he said. Comparing BRT with the Metro system, Reddy said, "BRT is cheaper than Metro rail. But many cities including Mumbai, Kolkata, Bangalore, Kochi, Hyderabad, Chennai are opting for Metro." He said, "Rs 95,000 crore worth projects are already being committed under JNNURM. Projects involving sewerage, water, roads among others are being implemented in several cities under the scheme." There are 65 cities across the country where JNNURM schemes are being implemented. "We are exploring of launching the second phase of it. However, there is a resource crunch. So we have approached the World Bank for the fund," Reddy said.


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