Bhel buy

New Delhi, May 10: State-run Bhel has taken over sick firm Bharat Heavy Plates and Vessels Ltd and announced plans to set up the country’s largest integrated coal gassification combined cycle power plant at Vijaywada with the Andhra Pradesh Power Generation Corporation.

Arvind net

Mumbai, May 10: Arvind Mills has reported a 56 per cent drop in net profit at Rs 5.37 crore for the last quarter of this fiscal against Rs 12.21 crore in the year-ago period.

Finance bill

New Delhi, May 10: President Pratibha Patil today approved the Finance Bill 2008, which contains provisions for direct and indirect taxes for fiscal 2008-09.