Date:09/09/2008 URL: http://www.thehindu.com/2008/09/09/stories/2008090956381500.htm

Business - Briefly

TCS to form venture for power exchange

MUMBAI: Tata Consultancy Services on Monday said it would incorporate a joint venture firm for which it has entered into an agreement with State-run NTPC, NHPC and Power Finance Corporation to operate a national level power exchange. The new company would be registered as a public limited company with an authorised capital of Rs. 50 crore, the company informed the Bombay Stock Exchange.