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Rajasthan govt to buy 1200 MW from Adani Power
Adani Power Rajasthan, a 100 per cent subsidiary of Adani Power (APL), has been awarded letter of intent (LoI) by Rajasthan Rajya Vidhyut Utpadan Nigam (RRVPNL) for purchase of upto 1,200 MW of power on long-term basis.

RS adjourns sine die after month-long session
Rajya Sabha was today adjourned sine die after a month-long session, which witnessed passing of 17 government bills and discussions on a range on issues, including the Liberhan report and price rise.

News of the day

India can't quiz Headley, Rana due to legal issues in US: Jones
The US, which foiled a major terror plot by LeT to target India, has said it would be forthcoming with details of the case but cited legal limitations in allowing Indian investigators to quiz the two arrested operatives David Coleman Headley and Tahawwur Rana.
International Business

Bilcare plans raising $35 mn

Packaging solutions provider Bilcare today said it is planning to raise $35 million (about Rs 170 crore) through the issue of securities. - Balance between public good & intellectual property necessary: T Ramasami - RIL gets highest number of trademarks in 2008 - Regaining strength? - Ban on entry load may impact AMCs: McKinsey - Cipla to raise Rs 1,500 cr by issue of shares - KSK Energy to raise Rs 2,000 cr via sale of securities The board has approved and the issue of global depository receipts (GDRs) or equity shares by the company, not exceeding $35 million, Bilcare Ltd said in a filing to the Bombay Stock Exchange (BSE). The proposed fund raising plan is subject to regulatory and shareholder"s approval, it added. Shares of Bilcare were trading at Rs 425, up 1.86 per cent in afternoon trade on the BSE.


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