State-run power equipment maker BHEL today said it has commissioned a 250 MW unit at the upcoming Bongaigaon thermal power station in Assam. “BHEL is executing the main plant package contract for setting up three coal-fired units of 250 MW each at Bongaigaon TPS of NTPC. Significantly, this is the highest rating coal-based power plant in the North-East region,” BHEL said in a statement. The first unit of the power plant was commissioned earlier by BHEL and is presently operational, while the third and final unit is in advanced stage of commissioning, the statement said.

It appears that the investment case for mid-sized banks and non-banking finance companies (NBFCs) is gaining more momentum. Leading foreign brokerage, Morgan Stanley, in a report captioned 'Downgrading the Large Banks; Prefer the Smaller Lenders', flagged off that earnings for the financial stocks may remain weak in FY18 and FY19.

"Return on equity for the sector will struggle and there will be very material divergence in growth of book value per share, which will continue to create divergent stock price performance," the report highlights. What’s interesting is that the investment downgrade undertaken by the brokerage on India’s three largest private banks follows a different rationale in each case.

State-run power giant NTPC has exceeded the target of generation capacity addition of 11,920 MW set for the 12th Plan (2012-17) by adding 12,840 MW.

NTPC Group's power generation capacity has increased to 49,943 MW so far in the plan period, which would end on March 31, 2017.

India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to all heads of lenders seen by Reuters on Thursday.

The finance ministry wants to discuss implementing a new framework called a “standing deposit facility” that would drain the surplus cash at a rate lower than the repo rate without the need for any collateral, the letter said.

In a miraculous escape for hundreds of passengers, an Air India wide body aircraft landed safely at London Heathrow airport after sufering from a bird-hit in its flight path between Ahmedabad and London.

The bird hit was severe enough to push back the aircraft's nose and damage the radar system. The onward flight to Newark has been cancelled and the aircraft has been grounded.

A new vaccine that is cheap to make and does not require refrigeration has shown promise in preventing rotavirus, a contagious and fatal disease that disproportionately strikes children in Africa, researchers have said.

A trial in Niger found that the new vaccine was almost 67%effective in preventing gastroenteritis caused by rotavirus, which is the most common cause of severe diarrheal disease in the world.

The Competition Commission of India has approved the proposed sale of the tower division of Reliance Communications’ subsidiary, Reliance Infratel, to Canada-based Brookfield Infrastructure Group. “The Competition Commission of India (CCI) has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of Reliance Communications Ltd., which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure Private Limited (Towerco),” Reliance Communications said in a statement.

NEW DELHI: State-run power producer NTPC today said it has commissioned 20 mega watt (MW) of Bhadla Solar Power Project in Rajasthan.

"We wish to inform that 20 MW of Bhadla Solar Power Project has been commissioned. With this, the commissioned capacity of Bhadla Solar Power Project, NTPC and NTPC group, has become 205 MW, 41,927 MW and 48,893 MW respectively," NTPC said in a BSE filing.

On the occasion of Pakistan Day, President Mamnoon Hussain said in his address that Islamabad is ready for dialogue with India over the Kashmir issue.

"We are ready for dialogue with India and want to resolve the issue of incomplete agenda of the division of the subcontinent, in accordance with the UN resolutions on Kashmir," the Dawn quoted the President as saying at the celebration ceremony marked by military parade in the capital.

The BSE opened in the green after witnessing its biggest fall on Wednesday.

The bourse was trading at 29,254.96, up 87.18 or 0.30% from previous close.

The market was up as investors bought stocks at a lower level and by taking cues from the global markets.

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