L&T signs MoU with GE Hitachi for nuclear power plants in India
India's largest engineering company Larsen & Toubro Ltd (L&T) said it has signed a memorandum of understanding with GE Hitachi Nuclear Energy (GEH) for co-operation on advanced boiling water reactor (ABWR) and boiling water reactor (BWR) nuclear power plants in the country.

ABWR technology developed by GEH is the world's only commercially proven Generation III reactor design, with...

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  • Religare, Swiss Re ties up for health insurance jv in India
    Religare Enterprises Ltd said it has signed a non-binding agreement with Swiss Reinsurance Co (Swiss Re) to develop a joint venture health insurance company in India.

    In a release, Religare said Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk management and underwriting expertise to the new venture. The proposed joint venture will seek to commit...

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  • Ring of Thieves

    Only a few years ago, some publications were lionising Nirmal Kotecha as a 29-year-old whiz-kid who had made it big through his investment brilliance. In 2006, Business Today even put him on par with long-term value investors such as Prof Shivanand Mankekar and Rakesh Jhunjhunwala. Even at that time, the central intelligence agencies had been tracking Nirmal Kotecha and another player ...

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