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Riding on the rally
With markets moving up on the disinvestment buzz, Smart Portfolios too registered steady gains last week. It was after a while that all fund managers participated in the markets. While Phani Sekhar and Praveen Panjwani were seen re-building their portfolios, Amar Ambani and Ajay Parmar continued with their churning process.

Acid content in dam water affects Neepco unit
The ‘unscientific’ coal mining in Jantia Hills of Meghalaya is severely affecting power generation at North Eastern Electric Power Corporation’s (Neepco) Kopoli hydro project in Assam due to rise in acid content of water in the reservoir. The high acidic nature of reservoir water has led to unprecedented rise in wear-and-tear and breakdown of machines and parts of the power plant.

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Seeking new funds
Mutual fund houses are aiming to raise money at a time when the existing equity funds are finding it tough to cope with low inflows and redemption pressure. Should you subscribe?
Business Ideas

Panel submits probe report on Zamrudpur mishap to Delhi Metro

A panel probing the July 12 accident at a Delhi Metro construction site that left six persons dead has submitted its report to DMRC chief E Sreedharan. - Another accident, one killed - Gammon responsible for metro mishap: probe panel - Delhi Metro acquired excess land: CAG - Weak pillars - Sunil Jain: Time to go, Mr Sreedharan">Sunil Jain: Time to go, Mr Sreedharan - CAG pulls up Delhi Metro A group of directors will go into the report and will give their views to Sreedharan on the findings of the committee after which the DMRC is expected to take "strong action" against those responsible by next week. The three-member panel headed by Prof A K Nagpal of IIT submitted the report to Sreedharan last evening, a Delhi Metro spokesperson said today. The panel was to submit its report on Wednesday. Sreedharan has asked a group of directors of the Delhi Metro to examine the report after which he will review it, the spokesperson said. "Based on the findings of the report and the suggestions of the group directors, DMRC will take action against those concerned by next week," he said. Six persons were killed and 15 others when an under- construction bridge collapsed in Zamrudpur on July 12 morning. The panel comprises Prof A K Nagpal of IIT, Prof B R Bose from Delhi College of Engineering and Steven Lowry. DMRC Managing Director E Sreedharan yesterday said that they have dropped its design head Rajan Kataria from the panel.


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