New Delhi, March 29: NTPC, the country's largest power utility, plans to set the ball rolling for its twin foreign forays - a 1,320MW power plant at Bagerhat in Bangladesh and a 500MW unit in Sri Lanka.

"We have been powering India's drive to growth and are now working to help drive Asia's growth. We intend to complete the Bagerhat plant by 2018 and will step up work on the Sampur coal project (Sri Lanka)," NTPC chairman Arup Roy Choudhury said in an interaction with The Telegraph.

Thailand’s Ratchanok Intanon did not stand a chance. Saina Nehwal had become the World No.1 badminton player a day before their final at the India Open Super Series, and her swagger on court was evident from the start. Nehwal smashed her way through Intanon, the 2013 champion, in straight sets. For Nehwal, it was homecoming: She had won the 2010 Commonwealth Games gold here at the Siri Fort complex in New Delhi, triggering a run that had seen her become the first Indian woman to win an Olympic medal in badminton, win a string of Super Series titles, and reach the final of the All England Championship.

Mumbai: Tata Motors Ltd has approached investment banks to underwrite the company’s Rs.7,500 crore rights issue to ensure that stocks are not left unsold in case there is lack of demand from shareholders because of volatile market conditions, according to three bankers who are in discussions with the company.

“There are eight investment banks that have been hired for the rights issue and all of them are underwriting it. Apart from the promoter’s portion, the rest of it will be underwritten by us,” said one of the bankers cited above, who requested anonymity because of the confidentiality of the matter.

Many are feared dead in Laden village in central Kashmir’s Budgam district after three houses collapsed following a landslide triggered by incessant rains in the state. Officials said around 60 villagers are trapped in three houses and efforts are on to rescue them.

The Jammu and Kashmir government had declared floods in parts of Kashmir valley as the water levels in the Jhelum river rose steeply overnight. The government advised people living near the banks of the Jehlum and in low-lying areas of the valley to shift to safer places.

State-owned power equipment maker BHEL on Monday said it has bagged over Rs 5,000 crore contract for executing a thermal power project in Telangana.

“Telangana State Power Generation Corporation (TSGENCO) has awarded Bhel with an EPC (Engineering, Procurement and Construction) order for setting up a 1,080 MW thermal power plant in the state,” BHEL said in a statement.

Voicing its concern over the 26-year-old fleet of Airbus A320s in the national carrier Air India, one of its pilots’ union has sought grounding of these planes from aviation regulator DGCA.

The Indian Commercial Pilots Association (ICPA), which represents erstwhile Indian Airlines pilots in the now combined entity Air India, has said the airline continues to fly these A320s even after snags being reported regularly.

Markets are trading at day’s high led by significant buying among index heavyweight HDFC and ITC.

By 10:43AM, the 30-share Sensex was higher by 301 points at 27,760 and the Nifty gained 81 points at 8,423.

Housing Development Finance Corporation (HDFC) launched a school — The HDFC School — in Gurgaon.

It was inaugurated by Deepak Parekh, chairman, HDFC. The school has started, taking admissions from pre-nursery to grade III this year. It is in the process of setting up a five-acre school campus for its higher secondary wing.

After the latest organisational restructuring, Wipro, India's third-largest information technology services company, will see certain changes at the board level. The company will be looking to fill the position that will go vacant with Chief Financial Officer (CFO) Suresh Senapaty retiring on Tuesday.

According to sources within and outside the company, Wipro is going to elevate Chairman Azim Premji's elder son, Rishad, chief strategy officer at present, into the board. An announcement is likely in the coming quarter.

BSE listed networking company Smartlink Network Systems is now eying 40 per cent growth in its wireless business in next financial year, 2015-16. The company has aggressively revamped its strategy in sync with the Centre's 'Make in India' initiative to grow its wireless business.

The company, has ramped up its production capabilities to double its market share within a year from the present 10 per cent in wireless broadband business in India. The company has extended its manufacturing capabilities with as many as 100,000 routers a month. It has 40 distributors across India. The company also offers its facility for contract manufacturing services to multinational companies. It has clocked annual turnover of Rs 120 crore in FY14-15.

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