The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.
The government owned NTPC was the one to come with the next bid for the Rs 16,000-18,000-crore project that assured to provide power from the pithead coal project at Rs 2.39 per unit.
Jindal Steel and Power and Sterlite Industries were other two bidders. The former offered to supply power at Rs 2.69 per unit whereas latter bid the highest at Rs 2.97 per unit.
Oil Marketing Companies (OMCs) have threatened to stop supply of aviation turbine fuel (ATF) to Kingfisher Airlines by midnight, in case, the carrier remains fail to clear its dues worth Rs 158 crore.
It should be recalled that oil marketing companies have already decided to supply ATF to private carriers Kingfisher and Jet Airways on 'cash and carry basis' from January 27. These carriers have been found defaulter of non-payment of oil dues for October 22 to October 31, even after crossing of 90-day credit period.
India's largest IT exporter, Tata Consultancy Services (TCS) is all set to call back about 20 per cent of its onsite staff in US to India, clearly to cut costs and mitigate impact of global slowdown on its overseas operations. The company is facing low demand with no new contracts from clients across the globe.
The German luxury car manufacturer, BMW AG Germany is on the verge of launching its five more new models in the Indian market.
In India, BMW marks its existence as BMW India, the wholly owned arm of the world’s major luxury carmaker.
BMW India has already launched the all-new 7 series sedan and the new 3 Series sedan. The company would also launch two more versions of the 7 series in the coming months.
Moreover, it will also launch SUV X6 and X3 diesel and a new sports model in 2009.
Asia's second-largest foreign telecoms operator, Telenor has scrapped its plans for a share issue to fund an Indian mobile operator, Unitech Wireless, following stiff opposition from shareholders. The firm said that it has also stopped dividend payout for 2008 and
2009.
The Norwegian telecom operator said that it would now arrange funds through debts and other financial modes. It has signed a loan worth Rs 8 billion Norwegian Krone that would be used to finance the Unitech Wireless deal.
The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.
Oil Marketing Companies (OMCs) have threatened to stop supply of aviation turbine fuel (ATF) to Kingfisher Airlines by midnight, in case, the carrier remains fail to clear its dues worth Rs 158 crore.
In a bid to add power to its pr
India's largest IT exporter, Tata Consultancy Services (TCS) is all set to call back about 20 per cent of its onsite staff in US to India, clearly to cut costs and mitigate impact of global slowdown on its overseas operations. The company is facing low demand with no new contracts from clients across the globe. 
The German luxury car manufacturer, BMW AG Germany is on the verge of launching its five more new models in the Indian market. 
Asia's second-largest foreign telecoms operator, Telenor has scrapped its plans for a share issue to fund an Indian mobile operator, Unitech Wireless, following stiff opposition from shareholders. The firm said that it has also stopped dividend payout for 2008 and 
