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Nava Bharat buys 65% in Zambian coal mine
Nava Bharat (Singapore) Pte Ltd, a subsidiary of Hyderabad-based Nava Bharat Ventures Ltd, has signed a share sale and purchase agreement (SPA) for acquiring a 65 per cent equity stake in Maamba Collieries Ltd (MCL) of Zambia.

Yes Bank to raise $150-200 mn through QIP
To shore up its capital adequacy and also to fuel its growth, private sector Yes Bank plans to raise $150-200 million before the end of the current fiscal, a senior official said today.

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Glenmark up on US FDA nod for dermatological cream
The stock finally ended with a gain of 3.5% at Rs 230 as against the day"s high of Rs 238. Around 487,310 shares changed hands at the counter on the BSE today.
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India to promote large capacity N-power parks: Banerjee

India will push for building large capacity integrated nuclear energy parks to step up nuclear power production to meet increasing power demands, Atomic Energy Commission Chairman S Banerjee said today. - NPCIL needs Rs 1 lakh crore for capacity addition by 2020 - Italy ready to give special status, routes to Indian ships - Foreign nuke cos want rule changes - "US, European firms quoting higher prices for nuclear equipment" - BEL mulls foray into nuclear power space - The n-challenge The integrated energy parks will have some imported reactors of very high capacity ranging from 6,000 Mw to 15,000 Mw and this is essential in the wake of energy demand in India going up to 600,000 Mw by 2032, Banerjee, also the Secretary, Department of Atomic Energy, told reporters on the sidelines of a function here. The energy parks will have several high-capacity reactors. "The advantage of energy parks is that sharing of infrastructure, energy evacuation can help bring down the cost of production which is reflected in the tariff," he said. Similar parks are also coming up at Haripur in Midnapore district of West Bengal involving Russian reactors and French reactors are being installed in Ratnagiri district of Maharashtra, he said. "We are yet to decide on the two projects proposed by companies in the US and are still in the discussion stage," Banerjee said. The other main focus, he said, has been developing indigenous technology in nuclear reactor systems. Several reactors are already coming up with indigenous technology in the family of 700 Mw reactors.


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