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Markets begin week in red; metals, Reliance drag Sensex
Fears of rising interest rates in the US dampened investor sentiments on Monday. The Sensex dropped over 100 points, to end below 17,000 after four trading sessions.

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Big shift among non-life insurers to cover SMEs
Saturation in other businesses triggers the move.

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OBC seeks Rs 1,000 crore support from govt: CMD
Claiming that the Oriental Bank of Commerce (OBC) was in its expansion mode and would open at least 200 new branches every year in the next three fiscals, Chairman-cum-Managing Director of the Bank T Y Prabhu said the bank had sought capital support of Rs 1,000 crore from the government to implement its expansion plan.
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'Govt to produce 5,000 Mw additional power under 5-yr plan'

Power Minister Sushil Kumar Shinde today said that besides a goal of thermal energy generation capacity of 78,000 Mw, an additional 5,000 Mw will be produced during the current Five-Year plan (2007-12). - Govt proposes to compensate 50% of CST losses to states - Kalpataru Power declines despite bagging orders - SC issues notice to Centre, Maha govt on security of hotels - Ray of hope for backward sections in 2009 - Hearing in Dadri case hits roadblock - Utilities for equitable load regulation to tide over power crisis "All efforts being made to achieve the target and the public sector undertaking BHEL have been asked to increase its capacity from 5,000 unit to 7,000 and ultimately to 10,000 units to meet demand of the industries," Shinde said at an "Energy Summit". This thermal energy will be in addition to 14,000 Mw from non-conventional energy sources. The BHEL has entered into an agreement with private sector companies like L&T, Bharat Forge and others to enhance its production capacity, he said. He said his ministry has already placed orders for plants for 30,000 Mw. Shinde pointed out Rs 400 crore were wasted as the Hydro Power plant on river Ganga was had to be stopped.


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