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Parsvnath Developers Q3 net jumps fourfold to Rs 25 cr

Realty firm Parsvnath Developers today reported a robust jump of over fourfold in consolidated net profit at Rs 24.90 crore for third quarter ended December.

Lukewarm response from NRIs leaves MP govt perplexed

After receiving a lukewarm response from non-resident Indians, in spite of its various investors’ meets in the US and UK, the state government will now try to find out reasons as to why NRIs have turned hostile towards making investment in the state. On January 9, 2010, the state government will hold a special session with NRIs in ‘Prawasi Bhartiya Diwas” in Delhi, not only to interact with them but also to know about their issues that hinder investment in Madhya Pradesh. Later it will organise a “Prawasi Bhartiya Sammelan” in Bhopal on January 12.

Built for air force, Kaveri engine chosen by navy

The indigenous Kaveri aircraft engine, soon to make its debut flight, lacks the muscle needed by India’s Tejas light combat aircraft, which the engine was designed to power. In its present form, the Kaveri will never power a modern fighter.