The NTPC would form a joint venture with Nuclear Power Corporation of India (NPCIL) for diversifying its efforts to generate nuclear energy. NTPC is the largest power generator of India and its board has approved the JV proposal with India’s only nuclear power producer. The joint venture is expected to come

Initially, the JV would set up a 2,000-MW nuclear power plant. The JV would boost the nuclear power generation capacity of India following the Nuclear Suppliers' Group waiver and Indo-US nuclear deal. India has set a target to produce about 20,000 MWe of nuclear power by 2020 and 36,000 MW by 2030.

Norway-based telecom company, Telenor has brought a majority of 60% stake in Unitech Wireless. Telenor is the largest telecom company of Norway having existence in 12 nations with subscriber strength of over 150 million. The Norway government holds 54 per cent stakes in Telenor. Unitech wireless is a subsidiary of major reality giant, Unitech.

Tokyo - Mazda Motor Corp saw its net profit fall 45 per cent during the July-to-September quarter to 14.5 billion yen (147 million dollars) because of the yen's rise and the higher costs of raw materials, the company said Thursday.

The Japanese automaker reported operating profits of 32.4 billion yen during the second quarter, down 20 per cent from the same period a year ago, and sales of 803.7 billion yen, down 5 per cent year-on-year.

For the full year through March 31, Mazda revised its profit projections downward. It now expects net profit to drop 28.6 per cent from an earlier estimate to 50 billion yen, and operating profit to fall 21.7 per cent to 90 billion yen.

Himachal Pradesh-based Himalya International has signed an agreement with US-based grocery chain ALDI to sell its products under "Himalya Fresh" brand name in America.

Under the arrangement, ALDI grocery stores would sell Himalya Fresh products like frozen vegetables, baby potatoes and breaded appetisers through 1,000 retail stores across the US, company Chairman Manmohan Malik said in a statement here.

The company is expecting exports to the US to grow by 60% and touch USD 10 million during the current financial year.

State-run power producer National Thermal Power Corporation Ltd (NTPC) has informed that the Board of Directors of the Company at its meeting has approved the proposal for initiating discussion with Nuclear Power Corporation of India Ltd. (NPCIL) for entering into an MOU for formation of Joint Venture Company for setting up a Nuclear Power Project.

In the said proposed Joint Venture Company, NTPC would hold 49 per cent of the stake while the balance 51 per cent would be held by NPCIL.

The company would raise up to Rs 4,500 crore from domestic as well as international markets for meeting its expansion plans in the current financial year. The power producer plans to build 2,000 MW nuclear capacity by the year 2017.

Hero Honda Motors, the country's largest two-wheeler manufacturer, has signed an agreement with Andhra Bank to offer financing support for buyers of their products.

Hero Honda and Andhra Bank have teamed up to support two-wheeler buyers, including in the rural parts of the State.

The company claims that buyers can avail themselves of loan up to 90 per cent of the road price of the vehicles. The tie-up is particularly aimed at those in the farm sector, salaried employees and institutional customers.