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After the Pollution Board Notice that has revealed the functioning of the power station, there is trouble smelling everywhere. The Talcher Super Thermal Power Station, from Kaniha is brewing something fishy again.

They have been issued a show cause, and there has been a detailed explanation demanded on why the levels of emissions of their suspended particle matter has exceeded the limits.

The crux behind the matter is that it was found out that the TSTPS electrostatic reactors are not functioning to their best levels and this is perhaps the reason they are emitting high levels of emissions. This can be very harmful for the environment.

What if India was earlier not affluent enough, with a very small car market and may be for that matter, it had never been a preferred destination for the top car manufacturers in the world but for now the things seem to have changed for so called developing country, India. The great Indian auto industry has developed manifold, with it to have stunned the world by becoming one of the world’s fastest growing auto industry today.

A highly improved version of the German car manufacturer, Volkswagen’s Touareg SUV was recently seen in Pune. Volkswagen has announced to introduce the improved version of Passat and Jetta by September this year and that of Touareg SUV soon after.

Experts have predicted that the Volkswagen Touareg SUV will be high in performance and powerful in appearance. The new Touareg will have the same V6 TDI diesel engine which will produce 240 bhp and 550 Nm torque but improvements will be seen in fuel consumption and emissions reducing BlueMotion technology. Another attractive feature of the machine will be an eight speed transmission that will save fuel.

GSAT-12, a 1,410kg India’s communications satellite will be launched on July 12. The Indian Space Research Organization’s (ISRO) engineers are preparing the Polar Satellite Launch Vehicle (PSLV-C17) at Sriharikota Space Centre so that it can carry GSAT-12. Finally, the long wait of 9 years is about to be over for the researchers.

The Reserve Bank of India (RBI) has announced the extension for the buyback of foreign currency convertible bonds (FCCBs) issued by various companies. A 9 months extension has been given after taking into account the fragile equity market which has resulted into trading with high discounts on the bonds.

However, experts are of the view that the decision won’t have much effect as most of the bonds will mature in the coming 12 months.

The news of the partial sale of the stake of MindTree by its former Chairman, Ashok Soota pushed the stock of this Bangalore based IT company to 18% high on Thursday. The investors were concerned about this sale since he took the decision of quitting the company in March 2011.

After the sale of the 5.5% holding by Mr. Soota at a premium of 18.5% to the closing price of Rs. 361 per share, Mr. Soota is expected to sale his remaining stock in the coming few months.