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Scrap MoUs of defaulting power cos: Orissa panel

A House Committee of the Orissa assembly has recommended cancellation of MoUs of private power companies which have failed to set up small hydro electrical projects in the state in time.

Srei to launch 14 vocational centres in Bengal in August

Starting August 15, Srei Sahaj e-Village, which has tied up with Indira Gandhi Open University, will thrown open its 14 centres in West Bengal to impart vocational training in villages.

Fire puts 70,000 BSNL phone lines out of order

At least 70,000-odd telephone lines of Bharat Sanchar Nigam Ltd, including Chief Minister Buddhadeb Bhattacharya’s residence, have gone out of service after a major fire in the transmission room of BSNL’s Circus Telephone Exchange on Hungerford Street late on Tuesday night.

BIFR asks SBI to submit Incab revival scheme in 3 weeks

The Board for Industrial & Financial Reconstruction on Thursday asked State Bank of India, the operating agency for the sick Incab Industries Ltd, to study the three bidders’ revival packages and to evaluate and submit the draft revival scheme with the board within the next three weeks.

AES Corp, Orissa govt agree on thermal power expansion

US utility giant AES Corporation and the Orissa government have buried their differences and agreed to go ahead with the Ib Valley Thermal Power Station expansion programme.

PFC may cut lending rate too

Government-owned Power Finance Corp Ltd is considering to cut its lending rate by 25 basis points to 11.50% in view of the slash in rates by different banks.

'New coal policy to hike power input costs'

Sunil Mitra, West Bengal’s additional chief secretary-power, on the sidelines of a Confederation of Indian Industry seminar, said besides a Fuel Supply Agreement which binds power utilities to lift 90% of the agreed quantam of coal from the supplying company, a memorandum of understanding has to be signed with it to lift coal mined from underground mines at an import parity price.

FACT to forge JV with KSIDC for Rs 250-cr Kochi biz centre

Fertiliser giant FACT will pitch in 50% equity in Kerala Government's industrial promotion arm's foray to set up a premium-grade business centre in Kochi. Board of Directors of FACT has agreed to the Rs 250-crore JV with KSIDC.

BSNL to invest Rs 160cr in 23 Jharkhand cities

BSNL is investing around Rs 160 crore to bring 23 cities and towns of Jharkhand under the 3G mobile network in the next two to three months.

KK Birla fertiliser firm to invest Rs 400cr in 3yrs

Paradeep Phosphates, the erstwhile PSU now taken over by the KK Birla Group, plans to ramp up the capacity of its DAP plant at Paradip in Orissa from 7.2 lakh tonne per annum to 2 million tonne with an investment of Rs 400 crore.

BATL gets AS-9100 tag, but Rs 1000-cr expansion trips over 7 acres

It’s a do or die dilemma for BrahMos. BATL, the integration complex of Indo-Russian Missile JV BrahMos, has bagged the internationally coveted AS-9100 certification in record time, but its ambitious expansion calendar is in trouble.

Kirloskar Brothers eyes fire-fighting sector

Kirloskar Brothers, the largest manufacturer and exporter of pumps, valves and pumping systems in the country, is tapping the fire-fighting segment for growth.

Bollywood takes a gamble, to release Akshay film in 2,000 screens

With Bollywood having one of its leanest patches so far, distributors are taking a gamble with the forthcoming Akshay Kumar starrer Kambakkht Ishq by deciding to release it at 2,000 screens on July 3.

Cinepolis screens to roll out by year-end

Global multiplex player Cinepolis, which entered the Indian multiplex market in 2007, is going to roll out some screens in tier-I cities by the year-end.

Weatherman emerges first to sharpen nose on C-DAC's CHReME

If even a flutter of a big bunch of butterflies could trip the precision of Indian weatherman's forecast now, here is some indigenous computing R&D to the rescue. C-DAC's new product CHReME is readying for not just aiding climatology, but sharpening solutions in astro-physics, structural mechanics, materials modelling, fluid dynamics and the like.

Cong not to back other Fronts, others welcome to back Cong: AK Antony

Congress will not back any Front that's not led by Dr Manmohan Singh after the Lok Sabha polls, but other parties can join Congress-led Front.

Naveen releases BJD manifesto

Orissa chief minister Naveen Patnaik's Biju Janta Dal on Wednesday released its election manifesto, promising creation of 15 lakh jobs in industries, disburse agriculture loan at 3% interest rate and exemption of electricity duty on power used by farmers.

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