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Chidambaram to meet leaders of eight AP parties
A meeting of eight political parties convened by Home Minister P Chidambaram here tomorrow will try to devise a mechanism and roadmap to resolve the vexed Telangana issue, even as leaders from three regions of Andhra Pradesh are sticking to their known stands.

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Range bound trading continues
Support at 5,150, resistance at 5,300.

News of the day

Mixed week for Smart Portfolios
Markets exhibited range-bound movement last week before settling on a flat note. The Smart Portfolios benchmark, S&P CNX 500 index, was up marginally by 0.09 per cent to 4,243. An investment of Rs 10 lakh in the benchmark at the start of Smart Portfolios on September 1, 2009, is today valued at Rs 11.05 lakh - a healthy 10.48 per cent appreciation in the corpus. Ajay Parmar and Amar Ambani continue to outperform the benchmark with returns of around 14.22 per cent and 14.30 per cent, respectively. Last week, while Ajay Parmar"s net worth saw a marginal dip of 0.26 per cent, Amar Ambani"s portfolio value appreciated by 0.97 per cent. They were the two active managers and cumulatively bought stocks worth Rs 1.34 lakh at the net level.
Public Company

JSW to set up 10 power plants in Barmer

JSW Energy will set up 10 power plants with a capacity of 1,350 mega watt (Mw) in all, in Rajasthan"s Barmer district. - RIL refuses gas to RNRL saying it cannot consume fuel - Heavy rain in Andhra causes halt for NCL"s power plant - Dabhol starts drawing Reliance gas - HCC ties up with AMEC for nuke technology - L&T can build 3,000-4,000 MW n-power plants per year: CMD - India Cements to set up two power plant of 50 Mw each The project is being implemented by Raj WestPower, a 100 per cent subsidiary of JSW Energy, and would be completed in two phases. "In the first phase, the capacity will be 1,080 Mw comprising 8 units of 135 Mw each, and in the second phase, the capacity will be 270 MWs comprising of 2 units of 135 Mw each," Krishna Deshika, Jt. Group CFO told reporters here. "We expect to commission the entire 1,080 Mw of first phase by October 2010, and the entire 270 Mw of second phase by January 2013," he said, adding, that the 1,080 Mw power plant will use lignite as fuel. "The company has recently commissioned 600 Mw power plants in Vijaynagar in Karnataka...Total power generation of the company is expected to go up to 3140 Mw by April 2011 and 11,390 Mw by September 2015."


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