Suzlon to sell windfarms for Rs200 crore

Suzlon Group announced the sale of a block of wind assets for Rs200 crore

Wind turbine maker Suzlon Energy said it would sell a block of its windfarm assets for $40 million (Rs200 crore).

“Suzlon Group announced the sale of a block of wind assets for approximately $40 million,” the company said in a statement to the BSE. The windfarms are located across India, with a majority of the assets in Tamil Nadu, Suzlon said.

The transaction is scheduled to conclude next month after completion of due diligence and requisite approvals, it added. “We are divesting in certain non-core assets and are set to raise approximately $40 million as per our plan outlined in February this year,” Kirti Vagadia, chief financial officer Suzlon Group said.

In the late afternoon, Suzlon Energy was trading at around Rs25.10 per share on the Bombay Stock Exchange, 2.14% down from the previous close.

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PM expresses concern about army movement; defence minister rubbishes coup attempt

While the prime minster said such reports “should not be taken at face value”, defence minister said the armed forces personnel were “true patriots”

Visakhapatnam: Defence minister AK Antony today termed as “absolutely baseless” fears of any coup attempt by the armed forces and expressed confidence that they will not do anything to undermine democracy, reports PTI.

“Absolutely baseless. Army has already explained this. It is usual, natural activities. Nothing unusual. We are absolutely confident of the patriotism of the armed forces.

Don't question their patriotism. They will not do anything to undermine Indian democracy,” he told a press conference here.

Meanwhile, Prime Minister Manmohan Singh said such reports “should not be taken at face value”.

“These are alarmist reports. They should not be taken at face value,” Mr Singh told reporters on the sidelines of a function to give away the Padma awards at the Rashtrapati Bhawan here.

Mr Singh was asked to comment on a media report that the central intelligence agencies reported that on the night of 16th January, an unexpected and non-notified movement by a key military unit from the mechanised infantry based in Hisar in the direction of the capital.

The prime minister said that the ministry of defence had already issued a clarification in this regard.

The reports said that another unit—identified as a large element of the 50th Para Brigade based at Agra—was also moving towards Delhi.

According to the report, the army had said that the exercise was to check effectiveness in fog.

However, Mr Antony said the armed forces personnel were “true patriots” and “don’t question the patriotism of the soldiers who are dying in the frontiers of the country.”

“I am proud of the Indian Army, Navy, Air Force and the Coast Guard,” he said.

He also urged the media not to lower the dignity of the armed forces on issues of national security.

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COMMENTS

Vinay Isloorkar

5 years ago

4.4.12

This is paranoia at its height! We have among the finest armies in the world in terms of discipline. Let not the cynicism of the establishment push them over the brink.

Sophos acquires Dialogs to provide mobile device protection

The acquisition combines mobile and security expertise, resulting in even stronger enterprise mobile device management solutions

Complete security leader Sophos has signed a definitive agreement to acquire Dialogs, a privately-held provider of mobile management solutions, headquartered in Germany. However, no financial details of the deal were provided.

Dialogs, one of Europe’s leading mobile device management (MDM) providers with customers such as BMW AG, Daimler AG, Siemens AG and ThyssenKrupp, brings twenty years of experience in mobile product development.

The increased prevalence of smart phones and tablets represents a major shift in the way people and businesses work and collaborate. IT staff at enterprises of all sizes are faced with new challenges and risks in handling and securing an array of corporate and personal devices. That, coupled with the ever-expanding usage of apps and the threat of device loss or theft, reinforces the importance of mobile data protection solutions.

Sophos allays IT worries and ensures that customers have complete protection everywhere and on any device, all without impacting business productivity. The company’s award-winning solution–Sophos Mobile Control–is designed specifically for enterprises to simply and quickly secure, monitor and control mobile devices. As a key concern for mobile device users is having secure access to corporate data, the combination of Sophos’s encryption and data protection capabilities and Dialogs’ SaaS-based and on-premises mobile management technology provides a unique value proposition to the market–secure collaboration from everywhere. 

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