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Boy in a bubble
When a family reports that their six-year-old son has accidentally floated away in a homemade helium balloon, the result is frenzied media coverage and nationwide sympathy for the stricken parents, accompanied by copious church-going (in addition to a small number of harassed papas and mamas mulling the possibility of constructing similar dirigibles for their own little Damians). When it turns out that there was no one in the vagrant balloon and that the kid was munching biscuits in the attic all the while, there is relief, along with puzzlement. But when it later transpires that the publicity-hungry parents had concocted the whole story just to get their own reality TV show, the reactions really heat up.

50% voting in fourth phase of J'khand election
Over 50 per cent of the electorate cast their votes in the fourth phase of the assembly polls in 14 Maoist-affected constituencies in Jharkhand, which passed off peacefully today amid tight security.

News of the day

Govt raises borrowing to Rs 2.99 lakh cr for H1FY10
The government today said it has stepped up its market borrowing to Rs 2.99 lakh crore for the first half of the current fiscal against Rs 2.41 lakh crore announced earlier.
Management

Nalco to foray into energy sector

National Aluminium Company (Nalco), a leading producer of aluminium in the country, intends to enter the energy sector as an independent power producer. - Nalco to invest Rs 25,000 crore - Nalco to invest Rs 25,000 cr despite profit drop - Nalco granted bauxite mining lease in Andhra - Nalco eyes Rs 10,000 cr in five years - Nalco gains 2% on NPCIL order - Nalco in talks with NPCIL for Rs 12,000cr nuclear power plant The company is exploring thermal, hydro and nuclear route to achieve this ambition. The company has already successfully negotiated with Nuclear Power Corporation of India Limited (NPCIL) to promote a 1000 Mw nuclear power plant in joint venture at an estimated cost of Rs 8,000 crore. The NCPIL board recently approved the JV proposal and a MoU (memorandum of understanding) between the two companies is slated to be singed within a month, said CR Pradhan, the chairman and managing director of Nalco. However, the location of the project is yet to be decided. While Nalco will hold 49 per cent stake in the project, the majority 51 per cent stake will be vested with NPCIL. As per the agreed formula, NPCIL will be in control of the reactor of the nuclear power plant and Nalco will look after the power generation process after steam is produced using nuclear power. This apart, the Navratna aluminium PSU is scouting several locations in Orissa, north-east and Nepal for hydro-electricity projects. It has already intimated its interest to the Orissa government for developing three hydro-electricity projects, between Hirakud and Rengali.


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