TN power board holds back pact
Chennai: The Tamil Nadu Electricity Board has put on hold the signing of a power purchase agreement for the 500 MW Jayamkondam power project to be developed by a Reliance Power-led consortium.

The electricity board and the consortium were to sign an agreement, but the TNEB called off the event as it wanted to complete the task of estimating its escrow capacity first.

Besides Reliance Power, the consortium includes North American Coal Corporation, Forster Wheeler and Consolidated Electric Power.  
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DoT pulls up Aircel
Calcutta: The department of telecommunications has pulled up mobile phone company Aircel-Digilink, an associate of Essar Cellphone, for migrating networks and escaping the per-subscriber licence fee.

Aircel-Digilink, which has the cellular licence for Uttar Pradesh, Haryana and Rajasthan, had introduced a call card, which was registered in UP. The cards were widely distributed in Delhi under Essar Cellphone, enabling subscribers in Delhi as well as the three non-metro circles of Aircel-Digilink to make (only) outgoing calls.

The card could be used by Delhi subscribers without attracting any per subscriber-based licence fee, which is applicable for mobile phone operators in metro cities.   
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IDBI Bank may introduce internet banking
Baroda: IDBI Bank is likely to introduce an internet banking facility exclusively for its corporate clients within the next six months.

Deepak Mukherjee, managing director of the bank, said the bank is working in association with one of the topmost security agencies in the world to develop a proper security system for internet transactions.
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