Popular Articles

Ackruti City raises Rs 302 cr through QIP issue
Realty player Ackruti City has raised over Rs 302 crore through the issue of over 60 lakh equity shares by way of institutional placement basis.

LIC, Central Bank to boost trade in interest futures
The interest rate futures (IRFs) trading in the country will get a boost in coming days, as Life Insurance Corporation (LIC) and Central Bank of India have agreed to provide support to the exchange-traded product. Both these will ensure adequate liquidity on the National Stock Exchange (NSE)— the bourse where IRFs are traded.

News of the day

Uttam Galva hikes prices by Rs 2,000/tonne
Uttam Galva Steels, a manufacturer and exporter of value added steel product, has increased the prices of galvanised and cold rolled steel products by Rs 2,000 per tonne with effect from 15 August. The price hike is due to the mismatch in supply and demand of HR Coil in the domestic market as imports of HRC are restricted, the company said in a statement.
International Business

NHPC replaces NEEPCO to build Manipur's Tipaimukh Dam

Obliging Manipur government"s request, the Centre has appointed the state-owned National Hydro-electric Power Corporation (NHPC) as the implementing agency for the 1500 MW multi-purpose Tipaimukh hydro-electric project in Manipur, official sources said here today. Power giant North Eastern Electric Power Corporation (NEEPCO) had earlier been awarded the project in January 2003, but the construction work had failed to take off after delays in getting clearance from the forest department. The 390 m long dam, said to be one of the largest in Eastern India, would be built up on the downstream of the confluence of the Tuivai and Barak Rivers in Churacchander district near the Manipur-Mizoram border. Bangladesh had also raised concerns about the project alleging that the flow of water from Barak river to Bangladesh would be affected due to the project. - NHPC, Oil India IPO this year; RITES divestment deferred: FM - Listing PSUs will make them disciplined: Bhave - Govt richer by Rs 3.5 lakh crore as PSU shares soar - NHPC IPO to hit the market in August - Govt to closely monitor thermal power projects - NHPC likely to float Rs 1,670-cr IPO in Aug Markets extend losses in noon trades Two people killed at Coromandel's Kakinada plant 55 countries pledge mitigation targets to UN BSNL employees seek PM"s help; demand change in mngt Siemens to invest Rs 1600 cr in India The cost of preparation of a Detailed Project Report (DPR) would be reimbursed by NHPC to the private power major, while other modalities will soon be worked out in a meeting by the Joint Secretary (Hydro), sources said. The 390 m long dam, said to be one of the largest in Eastern India, would be built up on the downstream of the confluence of the Tuivai and Barak Rivers in Churacchander district near the Manipur-Mizoram border. Bangladesh had also raised concerns about the project alleging that the flow of water from Barak river to Bangladesh would be affected due to the project.


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