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Numeric Power sells UPS business for Rs.859 crore
Chennai, Feb 10 (IANS) City-based Numeric Power Systems Ltd will deploy the sale proceeds of the uninterrupted power systems (UPS) business in strengthening its renewable energy (wind and solar) and steel business, said a top company official. The company Friday announced the sale of its Indian, Sri Lankan and Singapore UPS business to Legrand group of France for Rs.859 crore, including non-compete

Godrej Properties to raise Rs.500-600 crore to reduce debt
Godrej Properties Ltd, the real estate arm of the Godrej Group, plans to raise Rs.500-600 crore through the institutional placement programme (IPP) soon to reduce its debt burden and is also looking at private equity investors, a senior company official said Friday.

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Pre-Valentine's Day flower sales surge across India
Florists across India are enjoying brisk business, as the surge in flower sales has increased with Valentine's Day round the corner.

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Captured: Polymath S. Balachander and his great wars
Storming the world of Carnatic music and Tamil cinema with his non-conformist, controversy-creating ways in the 1940s, polymath and veena exponent Sundaram Balachander steadfastly fought many 'unholy cultural nexuses', earning his share of brickbats, says his biographer.

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Remove atomic scientist, expand expert panel: Kudankulam activists
Activists spearheading the anti-Kudankulam Nuclear Power Project (KNPP) protests Friday requested the Tamil Nadu government to expand a new four-member panel that will look into the plant's safety aspects and also remove an atomic scientist from it.

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Two former DMK ministers raided
The residences and business premises of two former DMK ministers in Tamil Nadu were raided Friday morning for allegedly having assets disproportionate to their known sources of income, said an official.

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