Heatherdale Resources Ltd. (TSX-V: HTR) : Heatherdale Surface Drilling Extends Trio Zone At Niblack

November 29, 2012, Vancouver, BC – Heatherdale Resources Ltd. (“Heatherdale” or the “Company”) (TSXV:HTR) announces positive results from drill holes completed during the 2012 surface drill program targeting resource expansion of the Trio deposit. This drilling confirms important extensions to the existing Trio resource estimate published in November 2011 at similar grades and demonstrates that …

9X Media appoints Vserv.mobi as its exclusive App monetization partner

India, November 30, 2012: India’s largest Music Television Network – 9X Media, has appointed Vserv.mobi, a leading global mobile ad network for app developers, publishers and advertisers, as its exclusive App monetization partner for its games and applications on the android platform. Vserv.mobi will monetize 9XM’s entertainment apps on android platform via premium ads powered …

India’s Per Capita Storage Capacity

The per capita water storage capacity in India is about 209m3. As per Food and Agriculture Organization (FAO) global information system on water and agricultural AQUASTAT, the per capita storage capacity of China, United States of America and Brazil are 416m3, 2192m3 and 2632m3 respectively. Several measures for increasing the storage capacity are taken up …

Consumption and Production of Steel

The Minister of Steel, Shri Beni Prasad Verma has said that Iron and steel is a deregulated sector and decision regarding setting up of iron ore processing industries is  taken by  individual investors and the Government has no direct role in it. However, the Government is encouraging domestic utilization of iron ore fines through beneficiation and …

Reduction in Profit of SAIL

The Minister of Steel, Shri Beni Prasad Verma has said that Profit After Tax (PAT) of Steel Authority of India Limited (SAIL) during April to September, 2012 at Rs. 1240 crore has been lower by 7.04% over corresponding period last year (April-September 2011) mainly due to adverse impact of input prices, particularly imported coal, salary & …

Projected All-India Peak Demand and Energy Requirement at the End of 12th Plan Stands at 199,540 MW

The minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia today informed the Lok Sabha that as per 18th Electric Power Survey (EPS) report, the projected all-India peak demand and energy requirement at the end of 12th Plan (2016-17) was 199,540 MW and 1354.874 BU respectively at power station bus-bar. To meet this projected demand, capacity addition of 88,537 MW is …

New Steel Policy to be formulated

The Minister of Steel, Shri Beni Prasad Verma has said that production of steel has been consistently increasing since last several years. As per the available information, production of crude steel has increased from 70.67 MT in 2010-11 to 73.79 MT in 2011-12. The present National Steel Policy was formulated in the year 2005. However, …

Status of NPAs in Different Banks

 The details of Bank Group-wise ratio of Gross Non-Performing Assets (GNPAs) to Gross Advances as on 31st March, 2012 and as on 30th September, 2012 are as under: Banks 31st March, 2012 *30th Sept., 2012 Nationalised Banks 2.67% 3.50% State Bank Group 4.36% 5.16% Total (Public Sector Banks) 3.17% 4.01% Scheduled Commercial Banks 2.94% 3.57% …

Loss due to Frauds

 As per the report submitted by Ernst and Young total number of fraud cases during the FY 2011-12 stood at 204 involving an amount of Rs. 6,600 crore for the financial services sector.  The exposure of banking sector in this regard stood at Rs. 3,505.50 crore. However, as per Reserve Bank of India’s record the incidents …

SEBI Revises Norms with Regard to Exchange Traded Funds to bring Efficiency in Margining of Index Exchange Traded Funds (ETFS) and Facilitate Efficient use of Margin Capital by Market Participants

The Securities and Exchange Board of India (SEBI) has revised the norms for calculating the margins for Exchange Traded Funds. In order to bring efficiency in margining of index Exchange Traded Funds (ETFs) and facilitate efficient use of margin capital by market participants, SEBI vide its circular CIR/MRD/DP/26/2012 dated September 26, 2012 reviewed the margining …