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India may grow by 6.75% this year: PM's panel
Despite bad monsoon affecting farm sector output.

Zensar Technologies Q2 net stood at Rs 27.74 cr
Zensar Technologies today reported an over two-fold jump in net profit at Rs 27.74 crore for the quarter ended September 30, 2009.

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Banking disrupted as employees go on strike over merger
Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said.
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Chennai to get second desalination plant

VA Tech Wabag Ltd to build the Rs 1,033-crore project - Va Tech Wabag eyes acquisition VA Tech Wabag Ltd will build a water desalination plant on the East Coast Road, near Chennai. The proposed Rs 1,033-crore project will be funded by the government. Speaking to reporters here on Tuesday, company managing director Rajiv Mittal said the project was coming up at Nemili on 40 acres of land to be allotted by the government. It would have a capacity of 100 million litres a day (MLD). The plant, to be constructed on a DBO (design, build and operate) basis, will be commissioned in 24 months. The company has also entered into a seven-year contract for operations and maintenance of the plant. The plant will convert sea water into fresh potable water, which will be supplied to the southern suburbs of Chennai including the entire stretch of IT Corridor, Thiruvanmiyur, Pallipattu, Velachery, MRC Nagar and Kelambakkam. Mittal said the company would develop the project along with the joint venture partner IDE Technologies. This is the second desalination plant for Chennai, being constructed to ease the city’s water problems. VA Tech Wabag offers sea and brackish water desalination technologies. Its order book currently stands at around Rs 1,000 crore.


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