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StatsGuru- 05-October-09
HOW MUCH THE RECOVERY HAS GAINED GROUND is best seen from the fact that the IMF has, once again, raised its forecast for global growth for 2009 as well as 2010. But, as was underlined at the G-20 meet, the recovery is fragile, heavily dependent upon government spending and support — global deficits are up 6 percentage points and governments in advanced economies have provided guarantees of over 30 per cent of their GDP to prevent their banks from collapsing.

SpiceJet zooms on Q3 turnaround, record profit
The stock settled 10% higher at Rs 59 and witnessed trades of 240 lakh shares on the BSE.

News of the day

ONGC loses Algeria oilfield to Chinese firm
State-run Oil and Natural Gas Corporation (ONGC) has lost an oilfield in Algeria to a consortium led by a Chinese oil firm. ONGC teamed up with Turkish Petroleum Corp (TPAO) and the United Arab Emirates’ (UAE’s) Dana Gas to bid for the hotly-contested Hassi Bir Rekaiz acreage in Algeria’s latest licensing round, sources said. It lost to a consortium of China National Offshore Oil Corp (CNOOC) and Thailand’s PTTEP.
Public Company

Torrent Power cuts fuel surcharge by 1 paise

Torrent Power, the private sector power company that distributes power to Ahmedabad, Gandhinagar and Surat has reduced fuel surcharge by only 1 paise per unit. This means there will be no significant relief in power bills of consumers in the third quarter of 2009-10. - U"khand power privatisation on cards - Torrent to foray into wind, solar power generation - Torrent Power to replace Reliance Petro on BSE-100 index - Power utility Wartsila eyeing public generation sector - No power tariff hike from GUVNL this fiscal - Lanco Solar plans 200 Mw solar PV project in Gujarat The company has worked out a fuel surcharge of 84 paise per unit for the second quarter of the current fiscal. "The new figure arrived at by Torrent is only 1 paise lower than fuel surcharge of 85 paise for the first quarter of 2009-10," said officials of Gujarat Electricity Regulatory Commission (GERC). Gujarat Urja Vikas Nigam Ltd (GUVNL), apex electricity of Gujarat, too brought down fuel surcharge to 59 paise per unit for the second quarter from earlier 60 paise. However, the total recoverable fuel surcharge by GUVNL comes around 74 paise per unit in the third quarter as the company will also recover deferred surcharge of 15 paise per unit. GUVNL had, in fact, deferred fuel surcharge of 46 paise in last fiscal to avoid burden on consumers.


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