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Jaiprakash Power Ventures appoints Sunil Kumar as VC, CEO
Jaiprakash Power Ventures today said it has appointed Sunil Kumar Sharma as Vice-Chairman and Chief Executive Officer of the company.

Cash for OMCs to cut losses
The Centre has indicated that it would consider giving direct cash subsidy to state-owned oil marketing companies this year, instead of bonds, to compensate them for selling cooking fuel at lower than market price.

News of the day

Corporate entities, HNIs also get ASBA facility
In a move that may lead to faster primary market issuances, the Securities and Exchange Board of India (Sebi) today said Asba (applications supported by blocked amount) facility would also be extended to non-retail, high net worth and corporate investors. The measure was introduced in Sebi’s scheme of ASBA-II. All investors, except qualified institutional buyers, would be able to apply through the facility, a Sebi circular said.
Small Business

Basu responding to treatment: Yechury

Ailing Jyoti Basu is responding to treatment and there is a positive change in his health condition, CPI(M) politburo member Sitaram Yechury said today. - Cabinet meet cancelled - Basu"s condition improves marginally, says aide - PM to meet ailing Basu - Basu"s son deplores rumours - Basu on ventilator, condition "very critical" - Basu"s condition turns serious "Basu"s condition, however, remains critical despite his response to the latest anti-biotics. But he is always a fighter and is still fighting. There is a positive change in his health condition. His condition is much better than what it was yesterday," Yechury told reporter after visiting Basu, who is on a ventilator at a private hospital here. He said the medical board was busy in a meeting to assess Basu"s health condition and how to proceed further.


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