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No frowns at Facebook
Facebook: Stock markets have wobbled of late, but has Facebook’s value really plunged by 35 per cent in just two months? For those unacquainted with Silicon Valley’s quirky financing that would be one conclusion to draw from the social networking website’s latest stock sale.

Sonata wins Dredging Corporation contract
Sonata Information Technology (Sonata), a 100 per cent subsidiary of Sonata Software, has been awarded a project by public sector firm Dredging Corporation of India (DCI) to provide enterprise solution implementation services for its corporate office in Visakhapatnam and dredging project sites, according ot a company release on Monday.

News of the day

Orissa yet to submit proposal for NMRI to Centre
The Orissa government is yet to submit a proposal for setting up of a National Mangrove Research Institute (NMRI) though the Centre had in principle agreed to locate such an institute in the state.
Small Business

NTPC's power exchange likely to be operational next fiscal

NTPC Ltd, India"s largest power utility, expects its power exchange to be operational by next fiscal. The public sector giant has already received an in-principal approval from Central Electricity Regulatory Commission (CERC) for setting up a national level power exchange in the country. - CERC pulls up PowerGrid for trippings caused due to fog - TRF bags Rs 611 crore order - REC follow-on offer on Feb 19 - Gas supply case: NTPC to cross-examine RIL witnesses - NTPC bulk tendering for 11 new units from next week - OilMin, NTPC differ over production sharing "We have got the license from CERC and the exchange is likely to be operational in fiscal 2010-11," Sulochana Murlidharan, DGM (finance), NTPC, said in a press conference in connection with the company"s follow-on public offer (FPO) here in Ahmedabad. NTCP has joined hands with NHPC Ltd, Power Finance Corporation (PFC) and Tata Consultancy Services (TCS) for the proposed power exchange. A joint venture company called National Power Exchange Ltd has been floated to set up the power exchange.


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