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EADS eyes tie-up with ISRO on hypersonic plane technologies
The European Aeronautic Defence and Space Company (EADS), a global leader in aerospace, defence and related services, is keen to forge partnership with the Indian Space Research Organisation (ISRO) on supersonic and hypersonic aeroplane technologies, a top company official said.

HPCL to supply Euro IV petrol in Hyd
Hindustan Petroleum Corporation Limited’s Visakha refinery is all set to supply Euro-IV-compliant petrol from April 2010. HPCL has invested Rs 2,600 crore in Visakha Refinery to meet Euro norms.

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Passing the buck
With the report of the special audit into the accounts of Reliance Communication (RCom) stating that the company had misclassified its income to avoid paying licence fees and overstated its mobile phone income (by around a fourth) in other ways, you’d think the Ministry of Corporate Affairs would be interested in examining the report and taking appropriate action.
Small Business

RFQ applications for metro rail to be sold from July 24

The Hyderabad Metro Rail Limited (HMRL), the special purpose vehicle set up to implement the metro rail project in the city, had postponed the sale of Request for Qualification (RFQ) applications for global bids to July 24. - Kochi Metro Project gets Planning Commission"s nod - Centre clears Delhi-Gurgaon metro hurdle;passage over DLF SEZ - Maytas Infra seeks six-month extension for Metro project - IIFCL to raise $250 mn from overseas market Earlier, it announced to sell the applications from today, according to municipal administration and urban development principal secretary and Hyderabad metro rail project chairman CVSK Sarma. HMRL issued a notification inviting RFQ on July 16 after Andhra Pradesh government cancelled the earlier contract awarded to Maytas consortium for failing to achieve financial closure despite a three-month extension. The bidding process for the 71-km rail route would be completed by November 15.An addendum to the notification, issued on Tuesday, said that a copy of RFQ would be posted on the website on July 24. There is no change in the last date for submission of RFQ (September 7). The indicative price of the project, which would be taken up in a PPP model, is Rs 12,132 crore and is proposed to be executed on a design, build, finance, operate and transfer basis.


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