Mumbai needs about 2,500 MW to 3,000 MW of electricity and this is growing at three to five per cent a year.

The power outage, which started at about 9.45 AM, is yet to be restored, said Tata Power which was last month allowed to distribute power in the island city.

The Sensex almost kissed the 26,000- level on Thursday even as trading on the Bombay Stock Exchange ( BSE) was disrupted for around three hours because of network outage.

Weakness in heavyweights like RIL, ONGC, Hero MotoCorp, Bajaj Auto, Maruti Suzuki, SBI, ICICI Bank, Infosys, Tata Power, NTPC, Hindalco and HUL weighed on the Sensex.

Power supply cuts is among the major political issues confronting the minister ahead of the assembly polls in November.

Who makes a better choice as prime minister: Narendra Modi or Nitish Kumar? Examine their track records.

A young population typically translates into a nation that is high on aspiration, is willing to take risks, will spend more, and, in general, is more demanding... in the coming decades, India will stay young bubbling with energy.

The power sector has lurched from one crisis to another in recent years. While younger politicians getting key roles in the government is welcome, the power ministry, saddled with many challenges, would have benefited from a more experienced hand.

According to Standard & Poor's, Asia-Pacific is feeling the pressure of ongoing global economic uncertainty and hence lowered India's forecast by one percentage point from an earlier 6.5 per cent.

If India is not to repeat the paralysing grid collapse that occurred on the last two days of July, every single link in the chain that is India's power system will need reform.

Indeed, Cicero would exclaim o tempora o mores if he read our painstaking investigation of deceit and corruption in the 'placement' race that hundreds of thousands of freshlyminted college graduates find themselves in.

Returning to Finance Ministry after three-and-a-half years, he will have to address challenges like inflation, decline in the value of rupee and scare among foreign investors due to some recent decisions.

Assuring the nation that the massive power outage due to transmission grid failure will not recur, new Power Minister Veerappa Moily on Wednesday said he has called a meeting of chief ministers of some of the affected states on August 6.

For the first time, the three inter-state transmission networks - Northern Grid, Eastern Grid and North-Eastern Grid - tripped together.

Mera Gao Power's microgrids are standalone devices, consisting of two solar panels of 120 volts eachand two batteries that store power. Each microgrid generates enough electricityto power 35 households for seven hours every evening.

Power Grid Corporation of India Chairman R.K. Nayak on Tuesday assured that places affected by the failure of three power grids in the country will get back the supply by 7-7.30 pm.

Even as rail and road services across north and east India were crippled mid-afternoon on Tuesday due to a massive power outage, flight operations at Delhi's IGI airport remained unaffected.

Canada-based Research in Motion says after three days of disruptions, BlackBerry services offering e-mail, messenger and other online services were restored.

Stock exchanges may be off limits for gold exchange traded funds, which are commodity-based assets but are currently traded at the bourses like stocks, if the Forward Markets Commission has its way on governing them.

India has seen terrorist attacks and killer floods in its commercial capital Mumbai, and even the destructive power of a tsunami on the Indian east coast. Business strategies for times when life as you know it has stopped.