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New Delhi, Jun 25 (DIN NEWS) Power distribution company BYPL has signed a memorandum of understanding (MoU) with Business Finland, a Finnish government agency, for collaborative activities in different areas, including energy efficiency and electric vehicles. The agreement was signed last week by BSES Yamuna Power Limited (BYPL) chief executive officer PR Kumar and Jukka Holappa, commercial councilor and head Business Finland’ India, at the Embassy of Finland here, said a BYPL spokesperson. The three year MoU on cooperation in the power distribution sector’ will encompass joint studies, pilot projects,…

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Mumbai, Jun 25 (DIN NEWS) The BSE Sensex slumped over 219 points to close at 35,470.35 today amid a weak rupee and continuing trade spat between the US and China. After a positive start, the 30-share benchmark advanced to a high of 35,806.97, but turned negative and hit a low of 35,430.11 on profit-booking and foreign fund outflows. It finally ended at 35,470.35 — down by 219.25 points or 0.61 per cent. On similar lines, the NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before…

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New Delhi, Jun 24 (DIN NEWS) After an unsuccessful first attempt at auctioning Delhi’s iconic luxury hotel Taj Mansingh, New Delhi Municipal Council (NDMC) has decided to conduct a fresh bid for the property on July 18. The much-delayed auction, which was to be held this month, was cancelled since only Tata Group’s Indian Hotels Company Limited (IHCL) – the existing operator – bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds. The civic body had issued an annulment notice…

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Infosys Non-Executive Chairman Nandan Nilekani today said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous.”When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General Meeting here.”We have a very stable management team and board, and everybody is…

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