Briefly Business: BHEL wins Rs 4k cr contract to set up power plant

Narayanasami quits as USE chief

Mumbai: United Stock Exchange Chief T S Narayanasami has quit as Managing Director of the country’s newest bourse,just over a year after it commenced operations. When contacted,Narayanasami confirmed that he has tendered his resignation,but did not divulge the reasons or any further details.

GE,Greenko announce wind energy venture

Bangalore: GE Energy Financial Services and clean energy developer Greenko Group on Monday announced a venture to develop wind energy projects with a combined investment of $115 million in the country.

Govt clears 11 FDI proposals worth Rs 183 cr

New Delhi: The government today cleared 11 proposals,entailing total foreign direct investment of Rs 182.78 crore,including that from 9X Media to increase foreign equity participation to up to 100 per cent. FIPB,however,deferred decisions on nine proposals,including those of Vodafone Essar and Ventureast Life Fund III.

Escorts appoints S Sridhar as CEO of agri machinery

New Delhi: Escorts on Monday appointed S Sridhar as CEO of its agri machinery business. Prior to this appointment,Sridhar was working with Bajaj Auto Ltd as President of motorcycle business.

Bengal asks Dunlop to lift suspension at Sahagunj

Kolkata: The West Bengal government on Monday asked the Dunlop Indian management to lift the suspension of work immediately at its Sahaganj factory before problems faced by it are looked into.