Iran and China are to ink cooperation deal for construction of Bakhtiari Dam in Iran, which would be the tallest concrete dam in the world, the managing director of Iran Water and Power Resources Development Company stated.
With huge potential to generate power in the northeastern region remaining untapped, the government has earmarked an investment of over Rs 37,400 crore for setting up power projects to add 5,350 MW capacity by 2016.
General Electric Co (GE.N) (GE.N) expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.
Insurance regulator IRDA is
considering allowing life insurers to invest part of policy
holders` money in equity derivatives, a move that would allow
these firms to hedge the risks emanating from cash markets.