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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9544)	11/12/1999 6:49:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

Mohan: If you have to cock you head higher and get a wry neck in the process, blame it on Everest.<G> EVEREST has grown 7 feet taller and moves in the Northeast direction at a rate of 2 1/2 inches per year. Do you think that India is also moving with Mount Everest? Mt Everest is 7 feet taller Mount Everest, the tallest peak in the world, is even taller than previously thought, according to the National Geographic Society. Global Positioning System (GPS) satellite equipment has enabled scientists to re-calculate the height of the peak to be 29,035 feet (8,850 meters), and not 29,028 feet as determined by the Survey of India in 1954. The new result was announced by the National Geographic Society last night, according to The Washington Post. The new determination of the height was made based on data collected on May 5 with the use of lightweight GPS equipment carried to the summit by two Sherpas working with mountaineers Pete Athans and Bill Crouse. It was also determined that the mountain is moving. It is creeping horizontally in a northeast direction at the rate of 6 cm a year.

To: Mohan Marette who wrote (9544)	11/12/1999 8:02:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Indian power company (NTPC) gets stable rating from S&P ntpc.net Nov 11 1999 14:43 IST NEW DELHI, Nov 11 (AFP) - Standard and Poor's on Thursday gave a stable BB foreign currency rating to India's largest electricity firm for its 120 million dollar unsecured bank loan due in 2004. The US rating agency also confirmed its BB foreign currency long-term corporate credit rating on the state-run National Thermal Power Corp. (NTPC), a Standard and Poor's statement said. It said the rating reflected NTPC's "strong market position, adequate financial profile, supportive regulatory regime, favourable operating track record, and support from the government of India." NTPC generates about 25 percent of the total electricity produced in India. It supplies power to nearly all government-owned electricity boards in Indian states. NTPC posted a 16-percent jump in net profits to 591 million dollars for the fiscal year ended March 31.