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.

Pharmaceutical company Strides Acrolab has announced receipt of two ANDA approvals for Sterile vancomycin in HCL USP 500mg and 1g per vial and sterile Vancomycin HCI USP 5g per vial pharmacy bulk package.

The products are licensed to Akorn-Strides,LLC, which is a joint venture that was formed in 2004 by Akorn Inc. and Strides Arcolab Limited.

Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has informed that the company has pocketed four orders worth Rs 294.13 crore.

The company has secured first contract worth Rs 88.78 crore from National Institute of Technology, Calicut for construction of "Mega Hostel" at NIT, Calicut. The scope of work includes civil works, plumbing & sanitary works, electrical installation work, fire hydrant and alarm works, road and drain works.

Scientists have developed a robot radiotherapy machine known as Cyberknife to treat cancer. Cyberknife has various advantages over traditional radiotherapy devices.

In case of Cyberknife only three sittings of powerful radiations are required as compared to 20 sessions of low-dose radiations required in traditional treatment. The recovery time is also very less in this case.

Country's exports reported 10 per cent decline in November, 2008. It stood at $11.5 billions as compared to $12.7 billion in November last year. However, imports increased 6.1 per cent in the same period, leading to a trade deficit of $10 billion.

Country's cumulative exports grew by 19.4% for the period of April-November while the same period posted 33% surge in the imports, leading to a trade deficit of $84.34 billion as compared to $53.19 billion in the same period of 2007-08.