Industrialist Anil Ambani emerged as the biggest loser of the year and tops the list of 'Billionaire Blowups of 2008', compiled by prestigious US magazine, Forbes.

Earlier, he was ranked as the sixth richest person in the world with a net worth of 42 billion dollars by the same magazine. He was also credited to add the maximum wealth within less than a year.

The biggest wind-turbine maker of the country, Suzlon Energy would sell 10% stake in its Belgium arm Hansen to a London-based investment firm. Hansen supplies industrial and wind gear boxes besides providing designs of business and manufacturing practices. It is planning to expand its network in India and China.

Suzlon said in a filing before the Bombay Stock Exchange that its Netherlands-based wholly-owned subsidiary AE-Rotor Holding has sold 6.70 crore shares to Ecofin. The amount of deal is not disclosed yet by any party.  

A latest research conducted at the University Laval in Quebec has revealed that excessive thinking can add excess pounds.

The researchers observed the food intake of 14 students after they were assigned three different types of tasks. These included relaxing in a sitting position, reading and summarizing a text, and finally, completing a series of memory, attention, and vigilance tests on the computer.

It was found that despite the low energy cost of intellectual work, students consumed 203 more calories after summarizing a text, and 253 more calories after the computer tests as compared to the consumption of calories after relaxing in the sitting position.

Mumbai-headquartered ABM Knowledgeware Ltd has recieved an E-government Contract worth Rs 116 Crore from Municipal Corporation of Greater Mumbai (MCGM), the largest Municipal Corporation in Asia.

The scope of work involves supply of SAP Licenses, Implementation of SAP Payroll for Employees of MCGM and Providing SAP Change Management Support till year 2011.

It may be noted that all these software and services will be billed to MCGM by ABM as per the Contract signed between MCGM and the Consortium of ABM-Siemens.

Neyveli Lignite Corporation, a government-owned lignite mining company, has decided to raise Rs 1,750 crore through issue of bonds in order to meet capital expenditure requirement for presently running projects.

The directors of the company at its meeting on December 26, 2008 permitted to raise Rs 500 crore by issuing secured non-convertible taxable bonds and Rs 1,250 crore through debt.

Apart from winning various orders worth 294 crore, Era Infra Engineering Ltd today bagged another contract worth Rs 49.51 crore from BHEL, the country’s premier engineering organization.

The order is for civil, architectural and structural works for GSECL, 1x500 MW Ukai TPS Extension Unit # 6 CHP & AHP Project, District Surat, Gujarat.
The company stated in a release that, the cost of steel is not included in the value of the order as BHEL will supply it free of cost.