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Automatic digging
Facebook: Facebook is digging its moat deeper – only now it’s doing so on autopilot. The social networking firm has said before its operations throw off more cash than they consume. So news that operating profits also more than cover capital expenditures doesn’t surprise — until you realise the company added another 50m users over the past 3 months. This self-financed infrastructure build-out is significant.

Usha Martin Edu to provide quality edu in non-metro towns, cities
Usha Martin Education and Solutions has forayed into providing standardized end to end solutions and school management services to enable the creation of a national network of high quality english medium K-12 schools with a focus on non-metro towns and cities of India.

News of the day

1320 Mw TTPS expansion by 2010
The National Thermal Power Corporation (NTPC) plans to start the expansion work of its 460 Mw Talcher Thermal Power Station (TTPS) at Talcher by the middle of the next year. The capacity of TTPS will be expanded with addition of two units of 660 Mw each.
Small Business

RFQ applications for metro rail to be sold from July 24

The Hyderabad Metro Rail Limited (HMRL), the special purpose vehicle set up to implement the metro rail project in the city, had postponed the sale of Request for Qualification (RFQ) applications for global bids to July 24. - Kochi Metro Project gets Planning Commission"s nod - Centre clears Delhi-Gurgaon metro hurdle;passage over DLF SEZ - Maytas Infra seeks six-month extension for Metro project - IIFCL to raise $250 mn from overseas market Earlier, it announced to sell the applications from today, according to municipal administration and urban development principal secretary and Hyderabad metro rail project chairman CVSK Sarma. HMRL issued a notification inviting RFQ on July 16 after Andhra Pradesh government cancelled the earlier contract awarded to Maytas consortium for failing to achieve financial closure despite a three-month extension. The bidding process for the 71-km rail route would be completed by November 15.An addendum to the notification, issued on Tuesday, said that a copy of RFQ would be posted on the website on July 24. There is no change in the last date for submission of RFQ (September 7). The indicative price of the project, which would be taken up in a PPP model, is Rs 12,132 crore and is proposed to be executed on a design, build, finance, operate and transfer basis.


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