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Popular Articles

MNP to be delayed; DoT calls meeting tomorrow
Mobile telephone subscribers would have to wait a little longer to change their service provider without changing their numbers. The introduction of mobile number portability (MNP) across the country would be delayed by about two to three months, as some of the operators are not ready, said a senior official of the Telecom Regulatory Authority of India (Trai).

Essar's Shell acquisition may cost $1.2 billion
Ruias-controlled Essar Oil (EOL) is looking to seal a deal with Royal Dutch Shell at $1-1.2 billion (between Rs 4,670 and 5,600 crore) for acquiring the global petroleum giant’s three refineries in Europe. EOL has presented its valuation of assets to the Shell management and the negotiations are on verge of completion, said banking sources close to the development.

News of the day

Satyam agrees to settle case with Upaid for $70 million
Mahindra Satyam (the erstwhile Satyam Computer Services) has agreed to pay $70 million (Rs 325 crore) as settlement to UK-based Upaid, which had claimed damages of $1 billion for alleged forgery, fraud and breach of contract.
Corporate

NPCIL, Nalco ink MoU to set up N-power plants in India

Nuclear Power Corporation of India (NPCIL) and National Aluminium Company (Nalco) today signed a Memorandum of Understanding (MoU) for setting up nuclear plants in the country. - Nalco, NPCIL ink pact for nuke power generation - Nalco announces cash incentive for fly ash disposal - Nalco SAPs at Damanjodi demand R & R benefits - IOC signs pact with NPCIL for 1,000 Mw power plant - Nalco eyes mineral properties in Namibia - Nalco shelves South Africa project; puts Iran project on hold The MoU was signed by NPCIL Chairman and Managing Director S K Jain and Nalco Chairman and Managing Director A K Srivastava, a press release issued here stated. As per the MoU, Nalco intends to invest here as part of its strategy to diversify into commercial generation of electricity through nuclear power plants jointly with NPCIL, the release said. NPCIL is a central public sector undertaking (PSU) under the administrative control of the Department of Atomic Energy (DAE) and is involved in the design, construction, operation and maintenance of nuclear power plants for the generation of electricity in accordance with the provisions of the Atomic Energy Act. Nalco is a central PSU under the administrative control of the Ministry of Mines, which has more than 25-years of experience in mining, alumina refining, power generation and aluminium smelting.


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