Pune-based Scorpius Trackers, promoted by entrepreneurs Shailesh Vaidya and Kiran Shah, has inked memorandums of understanding (MoUs) with three undisclosed entities, which are projected to put up

They were found to be reducing supplies and increasing prices

In a ‘body blow’ to the industry, which is fighting a demand slide, the Competition Commission of India (CCI) has slapped a hefty penalty of over Rs.6,300 crore on 11 cement producers, who were found violating the provisions of the Competition Act, 2002. The Act deals with anti-competitive agreements, including cartels.

The Reserve Bank of India (RBI) has favoured a de-regulation of diesel prices.

Orient Green Power Company Ltd. (OGPL), an independent renewable energy-based power generation company, has synchronized its 10 MW bio-mass power plant near Pollachi into the Tamil Nadu grid at Angalakurichi in Coimbatore district.