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Tata Power with Norway firm to dev hydropower project
Tata Power and SN Power, Norway’s fast growing international renewable energy company, signed an exclusive partnership agreement to develop joint hydropower projects in India and Nepal.

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Sun Pharma gains on HC order
Sun Pharma touched a high of Rs 1,459 and finally ended at Rs 1,436, up 2% from the previous close. The counter clocked volumes of 234,664 shares on the NSE today.

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Hedge funds' ATM moves from Tokyo to Washington
China is getting all worked up about the wrong thing when it comes to the US. Forget these nascent trade wars over tires, cars and chickens. China’s real problem is how quickly the dollars they hold in great quantity are getting all the respect of pesos these days. Sounds like hyperbole? Not when you consider what may be the hottest investment of 2010: the dollar-carry trade.
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RIL, Ecopetrol ink pact for deep water blocks

Reliance Industries (RIL) today said its exploration arm has entered into an agreement with Columbian state-controlled oil company Ecopetrol SA for two deep water blocks. - WABAG looking at global acquisitions worth Rs 2,000 cr - "We plan and open stores patiently" - "Cross-border deals will drive M&As" - Government requests SC Bench to avoid interpreting PSC - Gas row: RNRL raises objections on govt affidavit - BofA to repay bailout funds worth $45 bn In a filing with the Bombay Stock Exchange (BSE), RIL said Reliance Exploration and Production DMCC (REP) has singed an agreement with Ecopetrol under which the Columbian firm would take a 20 per cent stake in the two deepwater blocks -- Borojo North Block 42 and the Borojo South Block 43. The two blocks cover an area of 8,000 sq km. In water depths ranging from 60-1500 metres, the filing added. REP would hold the remaining stake in the two blocks and the deal is subject to approval of the Columbia"s upstream regulator, the filing added. Shares of RIL settled at Rs 1,086, down 1.14 per cent on the BSE today.


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