The Power ministry will soon put up a proposal to the Union Cabinet for compensating state-run NTPC, whose upcoming 600-MW hydro-power project at Loharinag Pala in Uttarakhand was scrapped recently by

INDIA IS likely to impose anti-dumping duty of up to $50.51 per 1,000 pieces on cheap imports of DVDs from Malaysia, Thailand and Vietnam to protect the domestic industry. The Directorate General of A

The patriarch of the Rs 16,000 crore diversified conglomerate RPG Enterprises, Mr R. P. Goenka, on Friday said that the empire would be divided between his two sons by December this year. Stressing th

Engineering firm, ABB on Friday said it has opened a wind power generator factory in Vadodara, the fourth such plant in India, to meet both domestic and overseas requirement of the equipment. “The fac

After more than a decade,Tata Steel has finally started work on its 4,000 acre at Gopalpur in Orissa. The work, however, is not for the steel plant as envisaged during the acquisition of land, but for

State-owned Punjab National Bank on Wednesday announced a festival bonanza offering home loan at 8.5 per cent, a teaser rate to attract new customers. The concessional rate of 8.5 per cent has been fi

Leading logistics services provider Gati Ltd on Wednesday announced the demerger of its shipping division into a wholly owned subsidiary, GatiShips, with effect from July 1, 2010. “Shipping is more cy

Global software testing and quality management company AppLabs has acquired city-based ValueMinds, developer of Testers-Desk.com. Post acquisition, AppLabs will continue to support Testers-Desk.com as

HYDERABAD-BASED Lanco Infratech on Monday reported a huge 68 per cent jump to the profit after taxes, at Rs 194.7 crore for the quarter ended June 30. The company posted a profit after tax of Rs 115.9

An unit of Future Group, which runs the country’s top listed retailer Pantaloon Retail, is looking to raise as much as Rs 750 crore through an IPO, according to a draft prospectus. Future Ventures, th