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Tata Tea FY09 net drops 54% to Rs 700 cr
Tata Group firm Tea Tata today posted a consolidated net profit of Rs 700.55 crore in the year ended March 31, 2009, down 54.58 per cent over the corresponding 12-month period a year ago.

Plywood industry sees robust growth
After two bad years and a recession that saw demand fall by 40 to 50 per cent, the Rs 700-800 crore plywood industry in Uttarakhand is expecting a robust growth in the wake of signs of recovery in the real estate business.

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BSNL extends time for VAS bids
The state-owned telecom major Bharat Sanchar Nigam (BSNL) has extended the deadline till January 4 for submitting bids to provide interactive value added services.
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Govt formulates National Solar Mission; set for launch soon

After a series of consultations with stakeholders, the government has formulated the ambitious National Solar Mission implementation plan to be launched soon. - Govt asks SFIO to start prosecution in Satyam case - States skipping GST will lose more revenue: Bhide - Talks on for selloff in 60 CPSUs: disinvestment secy - Govt may penalise oil cos failing to blend 5% ethanol - Govt may seek Russia, US advice on coal-gas project - Govt hopes to raise Rs 8,100 cr via NTPC divestment The National Solar Mission document which sets a target of 20,000 Mw for solar power by 2020 was in principle approved by Prime Minister"s Council of Climate Change in its meeting last month. "Now, the recommendations of the Mission have been finalised and an implementation plan has been formulated after a series of consultations both within government as well as other stakeholders outside the government," a statement from the PMO said here. It added that the Mission will be launched as soon as approval of the government to the recommendations has been obtained. Earlier, the Mission was proposed to be launched tomorrow. Besides the National Solar Mission, the council has approved Mission on Himalayan Ecosystems and Energy Efficient Missions out of the eight missions under the National Action Plan on Climate Change unveiled by Prime Minister Manmohan Singh last year. While the solar mission sets a goal of making the country dependent on renewable energy, the national mission on enhanced energy efficiency will have a target of about Rs 75,000 crore worth transactions in energy efficient systems. Other missions target water efficiency, sustainable habitat, afforestation and agriculture.


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