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Friday 23 September 2011

Reliance Power 2,400 MW gas based Samalkot power project is on fast track

Reliance Power 2,400 MW gas based Samalkot power project is on fast track with all six turbines from US based GE arriving in India. By December 2011 the first set of two turbines are expected to be commissioned and the balance two sets of two turbines within the next two months.Till time the turbines are integrated into a closed cycle, the first set would produce about 500 MW. All turbines would be synchronized into the closed cycle to generate 2,400 MW by December 2012.

Food inflation fell to 8.84% in the week ended September 10 from 9.47%

Food inflation fell to 8.84% in the week ended September 10 from 9.47% in the previous week.As per Wholesale Price Index data released by the government today.Prices of most commodities, barring wheat, continued to remain firm on an annual basis.
Wheat prices during the week were down 2.72% YoY
Onions became more expensive by 29% and potatoes 13.78%. Overall Vegetables became 12.13% dearer.
Milk prices were up by 10.38%, while fruits grew dearer by 17.67% and eggs, meat and fish prices rose by 9.28% YoY
Prices of cereals also went up, by 4.13%. Even the prices of pulses, which had exhibited a declining trend during recent months, rose by 1.49% during the week ended September 10.
Non-food articles, which include fibres, oil seeds and minerals, recorded 17.42% inflation during the week ended September 10, up from 18.49% in the previous week, ended September 3.
Meanwhile, inflation in the fuel and power segment went up to 13.96% during the week ended September 10 from 13.01% in the previous seven-day period.

DQ Entertainment has signed a licensing and distribution deal with SMC Entertainment for the Jungle Book

DQ Entertainment has signed a licensing and distribution deal with SMC Entertainment division of Sun-Mate Corporation, USA for the Jungle Book, Season One. Under the agreement SMC has the television, home video and licensing and merchandising rights for an initial 5 year term in North America

ITC has increased some cigarette prices by up to 10%.

ITC has increased some cigarette prices by up to 10%.
 It has increased Classic price to Rs 110 per pack versus Rs 100
Wills to Rs 44 per pack versus Rs 40