Power Tool

Zoho is the parent company of well-known technology brands, including ManageEngine, Zoho.com, TrainerCentral, and Qntrl

The company had a net profit of Rs 16.5 crore in the year-ago quarter, the Bengaluru-based company said in a regulatory filing on Thursday.

Union power minister Piyush Goyal said the Union government would rework the formula on electricity allocation from the central pool to states. He said the pool had become irrelevant with the availability of surplus power at cheaper rates. Speaking to journalists at a conference of state ministers of power, renewable energy and mines, Goyal said, "The central government did power allocation like lord and master." Power from generating stations, set up by central government utilities, goes to beneficiary states or Union territories under guidelines issued in April 2000.According to these, allocation is made to the States/UTs in two parts, a firm component of 85 per cent and an unallocated 15 per cent for urgent requirement. The firm allocation comprises allocation of 12 per cent free power to affected states and one per cent for local area development in the case of hydro power stations and 10 per cent (not free) power to the home State in the case of thermal and nuclear power ...