State-owned PSU, Bharat Sanchar Nigam Ltd (BSNL) is strengthening its share in rural India.

This time, BSNL has come up with a new scheme for rustic regions of Uttar Pradesh.

Under this novel plan a landline connection will be available at monthly installments of just Rs 20. This scheme is exclusively for those living in rustic areas of Uttar Pradesh.
 
Mr. Rajech Kumar, BSNL general manager for marketing in the state, said, “The upcoming scheme will be exclusively launched in the villages in August.”

Tata Power Company (TPC), India’s largest private power utility, has picked up 26% stake in the Royal Government of Bhutan (RGoB) promoted 114 MW run-of-the-river hydro electric power project over river Dagachhu through Druk Green Power Corporation (DGPC).

Tata Power Trading has negotiated to purchase all the power generated from the project.  

Under the deal, Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border.

Aviva Life Insurance, the world’s fifth largest insurer has tied- up with McDonald’s, one of the leading fast food chains in India, to promote its new marketing initiative Tension Chhodo Cricket Khelo (TCCK).

TCCK is a unique mass activation campaign conceptualized by Aviva, which is based on the insight that parents these days being so occupied with securing their child’s future that they miss out on enjoying their childhood today.

Pune-based Bilcare along with US-based Meadwestvaco Corporation have jointly acquired International Labs, a Florida-based pharmaceutical packaging company, for an undisclosed amount.  

Prague - Czech power utility CEZ and Hungarian energy firm MOL are to set up a joint venture to build gas-fired power plants in eastern Europe, the companies said Monday.

MOL and CEZ are each to hold a 50 per cent stake and equal voting rights in the new company with a 8.3 million euros in fixed capital, CEZ said in a statement.

The venture, CM European Power International, plans to invest in gas-fired power plants in Hungary, Slovakia, Croatia and Slovenia, the company said.

India’s State-run Gujarat State Petroleum Corporation (GSPC) has informed that it would invest US$ 1 billion in bringing to production its eastern offshore Krishna Godavari basin gas field by 2011