Briefly Business

The chances of the US economy slipping into another recession are close to 25-30 per cent,a noted American economist said.

US recession chances at 25-30 pc: Greenspan

MUMBAI: The chances of the US economy slipping into another recession are close to 25-30 per cent,a noted American economist said. 8220;I see a third to fourth of a chance of a double dip in the US economy,8221; noted American economist and former chairman of the Federal Reserve of the United States,Alan Greenspan,said while addressing an audience through video-conferencing during an award function here. The chances that the US slips into another recession are 25-30 per cent,Greenspan said.

Tata consortium bags Indonesian project

NEW DELHI: Tata Power said it has bagged a 240 MW geothermal power project in Indonesia in consortium with Australian company Origin Energy Limited and PT Supraco Indonesia. The consortium comprising Tata Power 47.50 per cent,Origin Energy Ltd 47.50 per cent and PT Supraco Indonesia 5 per cent were declared as the successful bidder for the Sorik Marapi geothermal project in Northern Sumatra,Indonesia.

ONGC chairman interview on Oct 19

NEW DELHI: The government headhunters PESB will hold interviews to select the next chairman and managing director of Oil and Natural Gas Corp ONGC on October 19. Public Enterprise Selection Board PESB will interview Ravi Narayan Bastia,the man who discovered India8217;s biggest gas field,and nine others who have applied for the top job for the at ONGC,on October 19,official sources said.

SAIL ups steel prices by Rs 1,000 a tonne

NEW DELHI: SAIL has increased the price of its flat products by Rs 1,000 a tonne on account of pick up in demand after the end of monsoon. 8220;There is a Rs 1,000 rollback on discount given on our flat steel products. Long steel prices remain unchanged,8221; a SAIL spokesperson said. Flat steel products are primarily used by the white goods and auto industry,while the long products are used in the construction industry.

New Super Splendor priced at Rs 45,950

NEW DELHI: The country8217;s largest two-wheeler maker Hero Honda launched a new variant of its one of the best-sellers 8212; Super Splendor,priced at Rs 45,950 ex-showroom,Delhi. 8220;The 125cc segment has been stagnant or even declining in the past one year,but we believe that we can grow the market. Our own expectation is to grow our own sales by about 15-20 per cent in the 125cc segment,8221; Hero Honda Motors senior vice-president marketing and sales Anil Dua said.

Equifax credit info service in India

MUMBAI: Equifax Inc,a global leader in information solutions,said that it has begun providing its in-depth credit information solutions across India,using member-contributed data from the country8217;s largest banks and financial institutions. Equifax Credit Information Services ECIS brings Equifaxs global experience to the growing Indian economy.