Anil fires fresh salvo at Oil Ministry - Chandigarh Tribune

Mumbai, July 28 Anil Ambani group company Reliance Power plans to raise over Rs 20,000 crore in the current fiscal to finance various projects, including the 4,000 MW Krishnapatnam ultra mega power project (UMPP).

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A shift in passenger traffic towards economy airlines and improved market share helped no-frills airline SpiceJet to emerge from losses and post a net profit of Rs 26.34 crore during the quarter ended June 30, 2009. Since the global economy is projected to contract by 1.4 per cent in 2009 and the domestic credit growth scenario is grim (growth down to 16 per cent from 28 per cent in November 2008) and inflationary pressures on the increase, industry feels that stimulating aggregate demand may be necessary to kickstart the economy.

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