GMR buys Singapore-based Island Power Project
GMR Infrastructure Ltd (GMR Infra) said its parent GMR Group bought Singapore-based private electric utility Island Power Project from power producer InterGen NV.

The company did not divulge financial details but said the project would bring about $1.5 billion as foreign direct investment (FDI) in to Singapore.

In a filing to the Bombay Stock Exchange, the infrastructure company...

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Bajaj Auto Q4 net profit up 8%; FY sales down 11%
Bajaj Auto Ltd, India's second largest two-wheeler maker reported a 8% higher net profit in the fourth quarter to end-March despite a fall in revenues, including sales.

In a filing to the Bombay Stock Exchange, Bajaj Auto said for the fourth quarter to end-March, its net profit increased to Rs1.30 billion from Rs1.20 billion while total revenues, including sales, fell to Rs19.06...

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Leaning against the Wind

John Maynard Keynes was a Cambridge don, a key member of the Bloomsbury set of artists, painters, polemists and philosophers with liberated mores (Keynes was bisexual when young), best-selling author, later a devoted husband to a world-famous ballerina, father of modern macroeconomics, wise adviser to the UK government, ennobled member of the House of Lords and the architect of the ...

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