The power ministry revealed that the utilization of biomass resources could soon be increased for the generation of electricity.
According to ministry, in India, the electricity generated from renewable sources presently stands at about 13,200 MW out of the total electricity production of 147,400 MW.
Of this, the usage of biomass resources for generating electricity is just 650 MW as opposed to a potential of 16,000 MW.
Following the yellow metal's recent rise to three-month high, on Thursday India's gold futures extended losses for a second day on profit-taking.
Debjyoti Chatterjee, associate vice-president with MAPE ADMISI Commodities in Mumbai said, "An absolute decline in demand from India would also weigh on prices."
In January 2009, India's gold imports dropped more than 90% to just 1.2 tonnes, from 18 tonnes during the same month last year, in the midst of high prices and ample stocks. The news came from Bombay Bullion Association on Thursday.
The nation's largest car maker, Maruti Suzuki India Ltd recently announced that quarterly profit plunged by 54.3%, lagging forecasts in the midst of high raw material costs, lower volumes and adverse impact of currency changes.
On Thursday, New Delhi-based Maruti informed that its net profit plunged to 2.14 billion rupees ($43.8 million) in its fiscal Q3 ended December.
The company confirmed that there is a fall by 2.8% in the net sales to 46.26 billion rupees.
On Thursday, a plan to auction third-generation radio frequencies for wireless service providers was referred to Group of Ministers (GoM) by the Union Cabinet. In order to drive next-generation mobile offerings, 3G services are quite vital. The offerings include high-speed internet and video conferencing.
With the aim to create even faster CPU than its current Yorkfield 45nm Core 2 based Xeon, Intel is planning to come out with an upgraded edition of the same that will operate at 3.16GHz. The present fastest Yorkfield based Xeon is X3370 at 3.0 GHz clock 12MB cache and FSB 1333 was carrying a price tag of $525, but from 18th January its price has come down to $317.
Thursday saw an announcement coming from medical service provider Fortis Healthcare that a controlling stake in Mauritian hospital 'Clinique Darne' would be jointly acquired by it with CIEL Group for a total of $7 million.
The domestic firm confirmed, "Fortis, through its wholly-owned subsidiary Novelife Ltd, has joined hands with Mauritian group CIEL for acquiring a controlling stake in the overseas private hospital -- Clinique Darne -- with an investment of $3.5 million each."
The hospital would be rechristened 'Fortis Clinique Darne', once the acquisition process is completed.