Stock Watch

Internet major, Google has made available its Application Programming Interface (API) for developers and manufacturers to build energy monitoring devices for households.

State-run Indian Oil Corp., India's largest listed company by sales, plans to borrow $10 billion over the next decade to buy oil and gas assets overseas, in a bid to expand its petrochemical business and set up a liquefied natural gas terminal,

Also, it plans to cut exposure to selling discounted fuel to domestic consumers, its new chairman revealed.

Bankrupt petrochemicals firm LyondellBasell outlined a re-organizing plan that according to it was a better option compared to a $14.5 billion bid from Indian energy major Reliance Industries, court documents depicted.

Luxembourg-headquartered Lyondell posted in a disclosure statement lodged with a U. S. bankruptcy court on Monday that Reliance's offer was not sufficient to abandon the restructuring plan.

India's Essar Group has revealed its to raise nearly $2.5 billion to $3.0 billion by listing a unit on the London Stock Exchange, a person familiar with the matter claimed Monday, as the steel-to-telecommunications conglomerate look for funds in a bid to widen its power and refining businesses.

It has been reported that the net profit of the Gujarat Gas Company surged by almost 42.33 per cent and the profit increase was recorded at about Rs 46.23 crore for the final quarter in the year 2009, when compared to the profit in the previous year at the same time period.

A report suggests that the revised bid of Reliance Industries for the bankrupt petrochemicals firm LyondellBasell has been discarded.

Reliance had valued the company at $14.5 billion however the analysts believed that it is overpaying for the company. Hence, the shares of Reliance Industries rose on Wednesday after the report.

The opposition led by the Bharatiya Janata Party has made its stance even harder in demanding the roll back in fuel price hike announced in the union budget in February.

The government has announced that a National Clean Energy Fund would be formed from the money collected by a cess on the polluting fuel, coal. The cess could result in the higher costs of power generation through the fuel.

The new duty will amount to Rs. 50 per tonne for coal produced in the country and that imported from outside. The capital from this cess will be used by the fund to sponsor projects in clean energy technology.

A start up based in Silicon Valley, Bloom Energy Corp has unveiled its Bloom Energy Server which is a fuel cell which generates power from a mixture of oxygen and renewable or traditional fuels and emits much lesser CO2.

The box was revealed at the California headquarters of eBay, one of the company's first customers. The Governor of California, Arnold Schwarzenegger and former Secretary of State Colin Powell were also present at the event.

With a fall in dollar to euro commodity investment is on a high as the crude oil prices make a spinning tide on the play in past 4 months.

Oil mounted by 4.3% with the bounce back of euro in shape against the dollar giving a spearhead to the commodities and stocks which inclined as the manufacturing took a toll in the 4 months as companies pushed the orders and sales.