Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.
Under the arrangement, the company will sell all the carbon credits it generates during July 12, 2007 to July 15, 2011.
Last month, Rain Commodities Ltd, producers of calcined petroleum coke and cement has notified that Rain CII Carbon has implemented `Oxygen Lancing' at its Indian calcinations plant.
Anurag Kashyap's Dev D is the modern version of Sarat Chandra's Chattopadhyaya's story about Paro, Devdas and Chandramukhi. Except the basic storyline there is no similarity between the other films based on same concept and Dev D.
Public sector equipment maker Bharat Heavy Electricals Ltd (BHEL) has notified that it has received four contracts worth Rs 7,000 crore from various producers, to supply and set up electrical equipment for thermal power projects. 
Metallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.
In a bid to acquire a majority stake in Orissa Sponge Iron & Steel, three un-listed Indian firms have jointly made an open offer to acquire 26 percent of its equity, for Rs 300 per share. 
Indian Consumers will be happy to know that finance ministry, along with Reserve Bank of India (RBI) and the Indian Banks Association (IBA) are presently in talks to bring interest rates further down. 
