iPower Solutions India has entered into a agreement with the promoter of Effulgent Technologies, Chennai to purchase the ERP Business of that company for implementing Ramco systems ERP products.

The company has developed a social networking portal called www.vanavil.com with music, radio, jobs, matrimonial, education etc as features.

As per the senior finance ministry official, the government will provide first tranche of Rs 250 billion to banks by the Sep. 30, 2008 for Rs 710 billion debt waiver and relief schemes implemented by them for more than 35 million farmers.

Bangalore-based BPL and Japanese company, Sanyo, the equal joint venture (JV) partners in Sanyo BPL India, are likely to call off the JV by the year-end after failing to establish themselves in the Indian colour television (CTV) market for four years,

State Bank of India (SBI) has announced that Ministry of Finance, government of India (GOI) has passed an order dated Aug. 13, 2008 to acquire State Bank of Saurashtra.

National Thermal Power Corporation (NTPC) has successfully synchronized a 500 mw unit of Sipat super thermal power project-stage II located in Chattisgarh on August 13, 2008.

Hindalco Industries, expects to raise USD 1.2 billion via rights offering by issuing more shares after a stock market fall soured pricing,

Jaiprakash (JP) Associates signed four memorandum of understandings (MoUs) with Madhya Pradesh Government to invest Rs 130 billion for setting up two cement manufacturing units, an aluminium production factory and a power plant for generating powe