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NTPC plans 100 Mw solar projects in Gujarat
Powering its way ahead in tapping renewable energy sources for power generation, public sector power utility NTPC (formerly National Thermal Power Corporation) has set the ball rolling for its two solar thermal units of 50 Mw each in Gujarat. The company has firmed up its plans to initially install a solar power generation capacity of 100 Mw in the state, which may go up to 300 Mw at a later stage.

GVK Power Q3 net zooms two fold to Rs 46 cr
GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal.

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Sensex in red in opening trades
The Sensex has opened down 22 points at 16,826. The index is now down 25 points at 16,825.
International Business

Employment in jewellery sector rises 3.80% in Jan-March 2009

The gems and jewellery sector, hit hard by the global financial meltdown, has begun showing signs of improvement with employment reporting a 3.80 per cent increase during January-March 2009. - Deals in pipeline are rich: Infosys - Indian hotel industry gears up for Cwealth Games - Nike to cut about 1,750 jobs worldwide - GJEPC gets approval for gold imports - Gold traders take to inter-city arbitrage, exports for survival - Flawless Diamond to consolidate retail biz Having reported a massive 10.28 per cent dip in employment during October-December 2008, the sector increased its workforce during the last quarter of the previous fiscal, according to a survey commissioned by the Labour and Employment Ministry. The sector, which primarily draws its income through exports to the US and European markets, suffered a major set back due the global financial meltdown triggered by collapse of America"s iconic investment banker Lehman Brothers in September 2008. Official figures show, India exported gems and jewellery worth $18.4 billion in 2008-09 showing a decline of 6 per cent over the previous fiscal. According to the survey, there has been overall increase in employment by quarter a million or 0.60 per cent during the three months of the year. Employment rate grew by 0.96 per cent and 0.83 per cent in textiles and IT-BPO sectors, respectively, during January to April this year. The handloom-power loom and automobiles sectors recorded a rise in employment by 0.28 per cent and 0.10 per cent, respectively. However, despite an overall improvement in employment seen in the country during the three months (January-March 2009), some sectors saw a decline during the same period. Leather, metals and transport sectors registered a dip in employment by 2.76 per cent, 0.56 per cent and 0.36 per cent respectively. It is estimated that in the first quarter of this year, employment in the sectors have increased to 15.72 million. However, the employment during March this year remained lower than employment in September last, when the figure was 16.2 million, the survey said. The survey was conducted in textiles, leather, metals, automobiles, transport, power loom and hand loom, gems and jewelery, and IT/BPO sectors.


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