NTPC builds Rs 2.25 trillion war chest: Rediff.com Business

India's largest power company NTPC plans to invest a massive Rs 2,25,000 crore (Rs 2.25 trillion) in the next seven years in capacity expansion to become a 75,000-MW entity, company's chairman and managing director R S Sharma said on Tuesday.
NTPC, which has a production capacity of a little over 30,000 MW annually, constitutes 19 per cent of the country's total installed capacity of 1,55,000 MW.
For the additional capacity generation, NTPC is planning about 9,000 MW through hydroelectric sources, 2,000 MW through nuclear and 1,000 MW through renewable energy resources by 2017. This would make NTPC one of most diversified companies in the country in terms of fuel usage.

>>NTPC builds Rs 2.25 trillion war chest: Rediff.com Business

Another Wipro techie commits suicide: Rediff.com Business

A day after a woman employee of Wipro [ Get Quote ] Technologies allegedly committed suicide, another software engineer of the firm was found dead at his residence here on Tuesday morning, police said.
The deceased, identified as Prince Singla (27), a native of Rajasthan [ Images ], was a bachelor and staying alone in a rented house in Ponnappan Agrahara locality of the city, they said.
>>Another Wipro techie commits suicide: Rediff.com Business

TCS chief on growth prospects and hiring plans: Rediff.com Business

The government may take the first step towards fiscal consolidation in Budget 2010-11 by partially rolling back tax cuts given to the industry last year. The service tax rate may be restored to 12 per cent, while excise duty could be increased marginally.
The finance ministry is considering a phased exit of the stimulus measures as the economy posted a robust 7.9 per cent growth in July-August quarter of 2009-10. To begin with, it wants to withdraw measures that are not likely to impact the industry significantly, such as the 2 per cent service tax cut. In the case of excise duty, the increase may not be equivalent to 6 per cent reduction that the industry got from the government as part of the stimulus measures.
>>TCS chief on growth prospects and hiring plans: Rediff.com Business

12 per cent service tax likely to return: Rediff.com Business

The government may take the first step towards fiscal consolidation in Budget 2010-11 by partially rolling back tax cuts given to the industry last year. The service tax rate may be restored to 12 per cent, while excise duty could be increased marginally.
The finance ministry is considering a phased exit of the stimulus measures as the economy posted a robust 7.9 per cent growth in July-August quarter of 2009-10. To begin with, it wants to withdraw measures that are not likely to impact the industry significantly, such as the 2 per cent service tax cut. In the case of excise duty, the increase may not be equivalent to 6 per cent reduction that the industry got from the government as part of the stimulus measures.

>>12 per cent service tax likely to return: Rediff.com Business

Kraft to buy Cadbury for $19.6 billion: Rediff.com Business

United Kingdom-based Cadbury, the world's second biggest confectionery company with huge operations in India, on Tuesday agreed to being taken over by Kraft Foods after agreeing to an improved offer from the US food giant.
The improved takeover offer is worth $19.6 billion.
Earlier, Cadbury had consistently rejected the takeover bid made by America's Kraft Foods Inc. However, Kraft, was hopeful that the share-and-cash offer for Cadbury would go through, and it has.

>>Kraft to buy Cadbury for $19.6 billion: Rediff.com Business

NTPC builds Rs 2.25 trillion war chest: Rediff.com Business

India's largest power company NTPC plans to invest a massive Rs 2,25,000 crore (Rs 2.25 trillion) in the next seven years in capacity expansion to become a 75,000-MW entity, company's chairman and managing director R S Sharma said on Tuesday.
NTPC, which has a production capacity of a little over 30,000 MW annually, constitutes 19 per cent of the country's total installed capacity of 1,55,000 MW.
For the additional capacity generation, NTPC is planning about 9,000 MW through hydroelectric sources, 2,000 MW through nuclear and 1,000 MW through renewable energy resources by 2017. This would make NTPC one of most diversified companies in the country in terms of fuel usage.
>>NTPC builds Rs 2.25 trillion war chest: Rediff.com Business

Sale deed: What you should know!: Rediff.com Business

Everyone's dream is to own a property. Obviously you need money to buy a property, but many recent instances of fraud and bogus selling of property is something that is beyond money alone.
If there is one important thing that gives legal protection to ownership of your property, it is the sale deed.
Understanding the basics of a sale deed can help you stay protected from getting duped. Let us see the basics of a sale deed, its importance, how it is prepared, what does it contain and how does it work! Read on >> Sale deed: What you should know!: Rediff.com Business