Create your own free news widgets.

Canara Bank has declared its Rs 400 crore 'exposure' to Ratnagiri Gas & Power project, earlier known as Dabhol, as non-performing asset (NPA), its chairman and Managing Director A C Mahajan said on Friday.

This refers to Government mulling a golden share in PPP projects, January 21. It is stated that this will ensure the government a say in all major infrastructure projects. However, in itself it will not bring the desired results. What is important is that the right to have a say is exercised in actual management.

China is starting to spend hundreds of billions of dollars on infrastructure projects, fearing that widespread joblessness could lead to social unrest.

Latin america's telecommunications market will contract some 1% in 2009, whereas the worldwide market is projected to grow 1%, consultancy Pyramid Research's Americas research manager José Mario López...

Ecuadorian capital Quito's basic services utility Emaap-Q will invest US$1.2bn in a potable water expansion project known as Ríos Orientales, the firm's general manager Juan Neira told BNamericas....

Abu Dhabi's largest developer by market value, Aldar Properties, has confirmed that it will be looking to develop projects that cater to middle income groups. The UAE's capital has suffered from a shortage of housing across all income brackets as demand far exceeds supply, but the shortage of affordable housing has become particularly acute given the rapid increase in rental and purchase prices for off-plan and newly-built units.

Government to invest in high-tech initiative in southwestern Ontario

Sony Chief Executive Howard Stringer acknowledged Thursday he had not gone far enough with cost cuts and efforts to combine entertainment with electronics as his company projected its first annual loss in 14 years. 'More has to be done and more can get done,'...

SAO PAULO, BRAZIL--(Marketwire - January 22, 2009) - IBM (NYSE: IBM) today announced thatSantander in Brazil, through Produban -- a company responsible forSantander's entire IT infrastructure-- has established a five-year data center partnership with IBM.Under the contract, IBM will be responsible, with control and guidance fromProduban, for the continuous provision of hardware, software and basicsupport services for the bank's operations in Brazil. The project will helpenable cost reduction and provide higher availability for the ITenvironment, supporting the bank's integration project with the provisionof high-quality services.

Norway's Lytix Biopharma has ginned a $10.4 million funding round that will be spent on early-stage drug development. Lytix was established in 2003 by a group of scientists in the country working in the field of lytic peptides. These lytic peptide drugs can be used to treat resistant bacterial and fungal infections as well as cancer.'The company has made significant progress in the last year, initiating full preclinical development activities for two important projects,' said CEO Gunnar Saelid. 'LTX-109 is a novel antimicrobial compound that is effective against a broad range of pathogens. Indeed it is so effective, that although the initial formulation is for the treatment of skin infections, we envisage several other indications such as nail fungal infections, acne and oropharyngeal candidaisis. In oncology, LTX-315 (Oncopore) is a product aimed at the treatment of solid tumors, potentially in combination with existing therapies. Oncopore is currently in preclinical development and