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UK-based waste management firm Shanks on Tuesday walked away from talks with Carlyle Group rejecting the latter's final buy out offer. Shanks' shares, which has been on a roll since the discussion started in December last year, dropped over 16 per cent after the company issued the statement.

Noble Mineral Resources Ltd's share price has jumped by 21% on Tuesday on the news of its increased estimated resource at its Bibiani gold project in Ghana, West Africa. Shares of the company came out of a trading halt on Tuesday to close at 35 cents, increasing by 6 cents or 20.69%.

IL&FS Transportation is the latest one to have joined the race for public listing. And through this, the infrastructure company plans to raise Rs. 700 crore.

The price band of the IPO is expected to be in between Rs. 242 and Rs. 258 per share. It would be floating 14 per cent of its stake through the listing.

The IPO will be open for subscription from March 11 and will go on till March 15.

It has already filed its red-herring prospectus with the Registrar of Companies on March 4.

Finally Rajya Sabha passed the historic Women's reservation bill on Tuesday evening. The bill was passed in Rajya Sabha with 186 votes in favor of the bill and only one vote against it. The Rajya Sabha has the total strength of 233 seats. Rest of the members was absconding from the voting process. Now the bill will be sent to Lok Sabha, the upper chamber of parliament, to pass.

The US Energy Department has awarded $40 million to Westinghouse Electric Co. and San Diego-based General Atomics. Each of the firm will receive $20 million each.

According to the Energy Department, this award will help these organizations to develop the next generation nuclear power reactor. The prize will definitely enhance firm's conceptual design and planning work for the advance reactor.

Westinghouse Electric Co. belongs to Toshiba Corporation while General Atomics is a privately held firm.

Energy provider NPower announced a seven per cent cut in its gas prices for domestic consumers on Tuesday to become the fourth company in Britain to do so. The tariff reduction announced will applicable from March 26.

As per the company announcement, average annual gas bill would drop by nearly £50 post this cut. Chief Executive of Npower Retail Kevin Miles said that the company always aims at offering competitive tariffs and for the same the company decided to slash its gas price despite its bottom-line shrinking to almost half last year.