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IRB Infra gains over 3% on order hopes
The stock slipped further into the red to touch a low of Rs 131, down 8% from the days high. It rebounded to end with a gain of 3.5% at Rs 136. The counter clocked relatively hefty trade volume of 1.18 million shares, as compared to its two-week daily traded average of 820,391 shares.

Non-teaching IIT staff protest pay anomalies
Over 12,000 non-teaching staff of the seven Indian Institutes of Technology (IITs) went on a day-long dharna today to protest anomalies in pay and promotion structure. The employees — technical staff, laboratory staff and office assistants — however, did not boycott work.

News of the day

'Economists focus on problems to draw public attention'
Manmohan Singh / January 3, 2010, 0:41 IST
Public Company

Torrent Power cuts fuel surcharge by 1 paise

Torrent Power, the private sector power company that distributes power to Ahmedabad, Gandhinagar and Surat has reduced fuel surcharge by only 1 paise per unit. This means there will be no significant relief in power bills of consumers in the third quarter of 2009-10. - U"khand power privatisation on cards - Torrent to foray into wind, solar power generation - Torrent Power to replace Reliance Petro on BSE-100 index - Power utility Wartsila eyeing public generation sector - No power tariff hike from GUVNL this fiscal - Lanco Solar plans 200 Mw solar PV project in Gujarat The company has worked out a fuel surcharge of 84 paise per unit for the second quarter of the current fiscal. "The new figure arrived at by Torrent is only 1 paise lower than fuel surcharge of 85 paise for the first quarter of 2009-10," said officials of Gujarat Electricity Regulatory Commission (GERC). Gujarat Urja Vikas Nigam Ltd (GUVNL), apex electricity of Gujarat, too brought down fuel surcharge to 59 paise per unit for the second quarter from earlier 60 paise. However, the total recoverable fuel surcharge by GUVNL comes around 74 paise per unit in the third quarter as the company will also recover deferred surcharge of 15 paise per unit. GUVNL had, in fact, deferred fuel surcharge of 46 paise in last fiscal to avoid burden on consumers.


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