Do More With Reuters
Partner Services

INDUSTRY VIEW - Govt wins confidence vote

Tue Jul 22, 2008 9:11pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW DELHI (Reuters) - Prime Minister Manmohan Singh's government won a vote of confidence in parliament on Tuesday, ensuring the immediate survival of the ruling coalition and a civilian nuclear deal with the United States.

The government won 275 votes against 256 for the opposition, the parliamentary speaker Somnath Chatterjee announced.

RAJESH JAIN, CHAIRMAN AND MD, EMCO LTD

"It is good. We will however have to wait for the next 30-60 days to find out what compromises they have made with the new coalition partners. Only then we will be able to gauge the pace of reforms. They appear to be investment-friendly but still we have to wait and see."

RAMESH CHANDAK, MANAGING DIRECTOR, KEC INTERNATIONAL LTD:

"The overall situation looks positive, the government will continue and there will be no elections for now. There are many other countries waiting to supply fuel.

"Initially, we expect 10,000 MW capacity to come up. It takes 4-5 years for the power plant, but equipment orders are placed earlier. So, in about 2-3 years time, we should see the first orders flow in for transmission equipment companies."  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Photo
People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article