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REC to launch FPO by February
The follow-on public issue of the power sector financier, Rural Electrification Corporation (REC), is likely to hit the market by February next year.

NEWSALERT: McDowell Holdings loss widens in Q1
McDowell Holdings Limited, an investment company which has investment in UB group companies, today reported a net loss of Rs 63.8 lakh for the first quarter ended June 30, 2009 compared to a net loss of Rs15.96 lakh, an increase of close to four times in the corresponding quarter last year. Its income from operations were flat at Rs 24.07 lakh for the period.

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Isro eyes mission to Mars in 6 years
After the challenging mission to moon, Indian Space Research Organisation (Isro) said on Wednesday it has begun preparations for sending a spacecraft to Mars within the next six years.
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Punjab CM keen on setting up N-power plant in Punjab

Punjab Chief Minister Parkash Singh Badal today urged Union Power Minister SushilKumar Shinde to advise the Nuclear Corporation of India to bear with the state government for the delay in the site selection process for a nuclear power project. - Punjab wants time for PSEB - Mantec for Ropar plant - Punjab spinning mills worried over delay in rollback of "mandi" fee - "Power tariff hike to be looked into by committee" - Bids for Rajpura plant to be opened next week - Punjab CM asks Adani Group to set up cold chain In a letter to the power minister, Badal told him he had already directed the chairman of the Punjab State Electricity Board (PSEB) to coordinate with the chairman and managing director of the corporation to pursue the matter further. Badal pointed out that Punjab was a densely populated state and most of the area was under intensive cultivation, owing to which the whole exercise was taking some time. He, however, said the state was very serious in finding a suitable site for setting up of a nuclear power plant in Punjab. The chief minister added that the Ministry of Power was vigorously pursuing proposal to set up nuclear power stations in the country. “Even we are very keen on having a nuclear power station in the state and in pursuance of a letter received from Nuclear Power Corporation of India, we had already initiated the process of selection of a suitable site in the state,” wrote Badal.


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