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ISRO has successfully launched an RH 200 technology rocket from the Thumba Equatorial Rocket Launching Station (TERLS). The rocket, which was launched with a payload taken from the students of Vellore Institute of Technology University (VITU), achieved a height of 60 km within just a couple of minutes.

The students' payload consisted of tri-axial accelerometers and a power switching module, along with a safe arm relay unit.

This is the first time a students’ indigenous rocket was launched, with the VSCC’s experts’ guidance.

The Infrastructure Development Finance Company (IDFC) declared on Thursday that it will accumulate Rs. 840 crore by issuing shares to Actis and Khazanah, which are a private equity and a Malaysian sovereign wealth fund respectively. The board had allowed Rs 3,500 crore being raised previous month, as a long term fund for financing its development plans. Rs 2,654 crore has already been raised.

The approval of the shareholders was achieved by IDFC via a postal ballot to obtain Rs 840 crore worth funds through convertible preference shares (CCPS).

HCL Infosystems recently launched O’zone – an end-to-end cloud-based computing solution service which is chiefly targeted at big enterprises, mediocre organizations and professionals. It is designed to provide the advantages of reduced capital expenses and increased data security among many other features.

It also has the benefits of green computing and a disaster or crash recovery. There will also be a 24x7 service to provide technical support and performance guidance whenever required.

Orkut, which is currently the king of social networking sites in the world, is facing tough competition from Facebook, which is fast catching up with it, even in India and Brazil, where the Google creation had been reigning for years. It is hard to imagine that barely a year back Orkut had more than double the popularity than Facebook.

Facebook’s CEO, Mark Zuckerberg, only 26 years old, has predicted that Facebook will soon reach one billion users. And nobody is challenging this claim, as Facebook continues to grow as the most innovative social networking site.

Renault-Nissan Alliance signed a contract with Bajaj Auto on Thursday recently to produce an extremely cheap car which will be sold in India among other emerging markets.

The car is being planned to be launched in 2012 in the Indian market. This car will soon challenge Tata Motor's Nano as the world's cheapest car. The designing, manufacturing and sourcing responsibilities for the car are taken by Bajaj while Renault-Nissan has the marketing responsibility in India and abroad.

NTPC declared as recent as today that it plans to establish a 1,320 Mw coal-based thermal power plant in the state of Gujarat. The Gujarat government has approved of this project and allowed its setting up on the excess land in Dhuvaran in Gujarat. This will be side by side the already existent plant there under the Gujarat State Electricity Corporation (GSECL),