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NTPC unveils its plan to raise Rs 4500 crore

NTPC LtdIndia’s state-run power generator NTPC Ltd has revealed its plans to raise up to Rs 4,500 crore from domestic as well as international markets for meeting its expansion plans in the current financial year.

The company intends to raise up to $500 million from the global market by March, to support their expansion plan.

The company also plans to raise Rs 2,000 crore from the domestic market through private placement of bonds.

NTPC stock ended the day at Rs 144, down 5% compared to its previous close of Rs 152.

French shares mixed after Wall Street's plunge

Paris - French shares were mixed in early Thursday trading in the wake of overnight losses on Wall Street and Asian markets.

Parsvnath to build a 5-star hotel in Ahmedabad

Parsvnath Developers Limited (PDL), India’s leading real estate company, has informed that it would build a five-star hotel comprising
152 rooms in Ahmedabad.

Parsvnath Hotels, a subsidiary of Parsvnath Developers, has undertaken construction of hotel at Vejalpur, Ahmedabad, which has received five-star category approval from the Ministry of Tourism. The project is located just 14 kms away from the airport and mere 9 kms away from the railway station.

Areva T&D gets contract worth 35 million Euro from Bhilai Steel Plant

Areva T&D India LimitedAreva T&D India Limited, the Indian subsidiary of AREVA France SA, has bagged a contract worth 35 million euro from Bhilai Steel Plant (BSP)1, a flagship unit of the “Steel Authority of India Ltd” (SAIL), the largest steel manufacturer in India.

This contract includes a 132kV Gas insulated substation and Air insulated substations.

In addition, it also includes the complete revamping of the existing protection & control system and feeding the new sub stations through 132KV transmission cables.

Faster than a bullet - Britons plan a 1,000 miles-an-hour car

London - The British team that already holds the world land speed record said Thursday it plans to build a 1,000-miles-an-hour (1,600 kilometres) car in the next three years.

The Bloodhound SSC (supersonic car) will be 13 metres long, six metres wide and be powered by a jet engine normally used on the Eurofighter, plus a rocket, said project leader Richard Noble.

"We have to defend our record," said Noble, whose team in 1997 produced the current record-holder which reached a speed of 1,228 kilometres (785 miles) an hour, breaking the sound barrier.

Noble said the new car would be faster than a bullet, covering the distance of four football fields in a second.

Karur Vysya Bank signs MoU with ICRA

Karur Vysya BankKarur Vysya Bank has informed that it has signed a

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