Financial Express - India's leading business newspaper from the Indian Express Group

DPC closes units, stops power generation

Dabhol Power Company, which had come under severe attack for the "mindboggling" per unit cost during phase-I, has shut down its generation in view of the lack of demand from the loss-making Maharashtra State Electricity Board.

Expert group expected to look into tariff reduction

Expert group to be set up by the Maharashtra govt to review and renegotiate the Dabhol phase-II project is expected to address issues related to the reduction of phase-II tariff.

BSE likely to expand ‘A’ group to accommodate more stocks for BLESS

After introducing the Borrowing and Lending Securities Scheme, which will permit stock lending and borrowing, the BSE may expand the list of specified securities included in the "A" group at the exchange in the coming days by including all the major liquid stocks listed on the bourse.

Videocon Petro to invest Rs 600 cr in oil exploration

Rs 3,500-crore Videocon group is all set to repeat its success of the Ravva joint venture in the oil exploration business.

PIOs unhappy overhefty fee for cards

People of Indian origin are unhappy with the way the Indian government has introduced the PIO cards. The reasons for their unhappiness are the hefty fee and the restriction of four generations for getting the card.