The Reserve Bank of India has said the mounting losses of state power utilities (SPUs) is a growing problem for finances of state governments which have issued guarantees and agreed to foot subsidy bills.

RBI warns states on power utility losses

Business Standard

The Orissa government is in the process of identifying 50 hectares of land in Nuapada district for establishment of a solar park with capacity of 25 MW.

Land search for 25 MW solar park

To meet the summer power need of the state, Grid Corporation of Orissa (Gridco) has finalised agreements with the central electricity grid network Power Grid Corporation of India Ltd (PGCIL), which will provide 200 MW energy from West Bengal State Electricity Distribution Company Ltd (WBSEDCL) for a month starting April 1.
As per the power banking agreement, Gridco will return five per cent more power between August and September this year to PGCIL, which in turn will pay the power cost to

Gridco to get 200 MW from West Bengal this April via power banking

Iron ore exports from India are set to face tighter curbs as the Union ministry of commerce &amp; industry plans to bar shipping of high grade ore outside the country while underscoring the need for firm regulation on exports of minerals.

Commerce ministry against export of high grade iron ore

In a first for Narayana Hrudayalaya Hospitals (NHH) , the healthcare group will set up a medical college in Ahmedabad as part of its upcoming 'Health City' in eastern parts of the city.

NHH plans its first medical college in Ahmedabad

The Central Bureau of Investigation (CBI) has filed a chargesheet against Kadapa MP YS Jagan Mohan Reddy and 12 others, including a couple of Hyderabad-based pharma companies that had invested into his firms, in a case of alleged quid pro quo arrangement for obtaining largesse and benefits from the state government when his father was the chief minister.

CBI files chargesheet against Jagan

Janaagraha and Brown University, an Ivy League university at Rhode Island in the US, have tied up to work on developing an index to measure the quality of citizenship.

Janaagraha, US varsity to work on citizen index

Tata Consultancy Services (TCS), India&rsquo;s largest IT services provider, today announced that the company has appointed Cyrus Mistry, Deputy Chairman of Tata Sons and O P Bhatt, former Chairman of SBI Group to the Board of Directors of the company. The appointment is effective from today.

Cyrus Mistry, O P Bhatt join TCS Board

Amid high inflation woes, Indian housewives would have to shell out a few extra bucks for their daily milk requirement. Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which owns Amul brand, is set to increase milk prices in the range of 5-7 per cent for different category of milk anytime this month, informed top GCMMF official on Monday.

Amul milk to get costlier by 5-7% soon

Foreign institutional investors (FIIs) were net buyers of Rs 245.94 crore (provisional) today, according to data released by BSE.

FIIs net buy Rs 246cr, DIIs net sell Rs 73cr

Clearing the decks for listing of stock exchanges, capital market regulator the Securities and Exchange Board of India (Sebi) today said 51% stake of bourses could be held with public.

Sebi allows listing of stock exchanges

State-owned Singareni Collieries Company Limited (SCCL) is expecting to increase the net profit for the year ending March 2012 by at least Rs 100 crore to around Rs 450 crore despite facing production disruption of 37 days during the Telangana agitation.

Singareni eyes Rs 450 crore net profit for fiscal 2012

Star India has won the bid for Board of Control for Cricket in India&lsquo;s (BCCI) media rights for the matches to be played in India for Rs 3,851 crore.

Star India wins BCCI media rights for 6 yrs

Hyderabad-based infrastructure major IVRCL Group today said it had bagged orders worth&nbsp; Rs 4,081 crore in the buildings, transportation and thermal power plant segments.

IVRCL Group bags orders worth Rs 4,080 cr

Global consulting and solutions integration company, Nihilent has announced a strategic partnership with Tanzania's&nbsp;Equip Governance, Risk and Compliance (GRC), an advisory firm that provides governance, risk management and internal audit transformation solutions.

Nihilent partners with Tanzanian firm

US-based Avery Dennison, a pressure-sensitive label and packaging materials company, has completed a major expansion of its production facility in Pune that will significantly enhance the company&rsquo;s production capacity to meet the growing demand of Indian market.

Avery Dennison expands Pune facility

Earl H Potter-III, President, St. Cloud State University-USA, the chief guest of the occasion will deliver the convocation address while Sunand Sharma, Country President (India &amp; South Asia) of ALSTOM, a multinational conglomerate holding interests in the power generation and transport, will grace the annual ceremony as the guest of honour.

ASBM convocation on April 7

Godrej Properties Ltd on Sunday sold 49 per cent stake in its subsidiary Godrej Landmark Redevelopers Private Ltd (GLRPL) to ASK Property Investment Advisors.

ASK Property gets 49% stake in Godrej redevelopment unit

Passing on the excise duty hike to consumers, Adani Gas Ltd.

Adani revises CNG prices by 10%

On Friday, the four-day call money rate closed at a three-year high of 15 per cent on lack of fund supply in the debt market. This, despite banks borrowing Rs 1.97 lakh crore from the Reserve Bank of India through two repo auctions under the Liquidity Adjustment Facility (LAF).

Call rates to stay high this week 

The Rail Wheel Factory (RWF) has said its wheel shop had met the target of 200,000 wheels.

BS Reporter