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Getting caught in the 'web'
With convenience and interactivity as its plus points, Web TV has emerged in a big way in India

Power Grid ends in red inspite of jump in Q4 net
The stock could not hold gains and slipped to a low of Rs 117. It finally ended with a loss of 3% at Rs 119. Over 1.6 million shares were traded at the counter today.

News of the day

Toxic waste disposal at cement plan
Even as legal experts refuse to buy government’s claim that 350 tonnes of waste is no source of pollution and factory premises pose no health risk to humans, a study is going on to incinerate the waste in some cement kiln. According to sources, a final report would come by end of this month or in January. If a well placed government source is to be believed, the Central Pollution Control Board and National Council for Cement and Building Material are in dialogues over the issue.
Public Relations

Satluj Jal Vidyut IPO likely in next fiscal: CMD

Public sector hydropower producer Satluj Jal Vidyut Nigam (SJVN) today said its proposed initial public offer is likely to come in the next fiscal and the company is in the process of appointing independent directors, a prerequisite for firms planning to hit the market. - Govt okays stake sale in power firms - Govt approves 10% divestment in SJVN - Govt mulls 10% stake sale in SJVN - Govt to divest 10% stake in Satluj Jal Vidyut Nigam - Nathpa hydro project targets 6,600 mn units - Govt mulls 10% stake sale in SJVN "First of all we will appoint independent directors and the process may spill over next fiscal," SJVN Chairman and Managing Director (CMD) H K Sharma told reporters here on the sidelines of a power function. According to Sebi norms, if a company has an executive chairman, it must have half the board as independent directors to be able to go for an IPO. SJVN is a joint venture between the Centre and the Himachal Pradesh government. The Centre holds 75 per cent stake in the JV, while the rest is owned by the state government. Last month, the government had approved sale of its 10 per cent stake in the state-run power generator.


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