ECONOMY & NATION


  Alstom would supply complete station control equipments to NTPC's Solapur and Mauda projects in Maharashtra New Delhi: French company Alstom has secured two contracts worth over Rs55 crore from state-run NTPC for supplying equipment to the state-run company's Solapur and Mouda...

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  Suzlon would invest about Rs15,000 crore to develop 2500MW wind power in Karnataka over next five years Bangalore: Wind turbine manufacturer Suzlon Group has signed an expression of interest (EoI) with the government of Karnataka to develop 2,500 megawatt (MW) of new wind power...

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  The six million tonne per annum capacity steel plant would come up at Haveri district in Karnataka Bangalore: Tata Steel has announced plans to set up a Rs30,000 crore steel plant in Karnataka as the government-sponsored Global Investors' Meet (GIM) 2012 commenced.   The...

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  Meja Urja Nigam, a jv between NTPC and UP Vidyut Utpadan Nigam signed loan agreement for Rs7,575 crore with a consortium of 16 banks led by SBI Mumbai: State-run National Thermal Power Corp (NTPC)  said it has achieved financial closure for the Rs6,000-crore Meja thermal power...

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Metkore is also negotiating with a well-established local firm for a joint venture agreement for its new ferro chrome project in Oman   Dubai: India's Metkore Alloys and Industries is set to build a world class 165,000 tonnes per annum capacity ferro chrome smelter project in Oman...

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The Department of Financial Services has been overactive in issuing directives. Worse, DFS is resorting to brazen ways of dictating to PSBs to sponsor their proposals to the board and get them approved Notwithstanding the fact of substantial private shareholding in PSBs and the...

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The government wants to hold 51% is PSBs and is inflexible about it. It will soon find out the flip side to this, when asked to put in capital to either maintain this stake or force banks to give up growth   The criticality of operational flexibility and functional autonomy for public...

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Recent increase in petrol prices, coupled with a hike in excise duty and vehicle prices as well as stiff interest rates have increased the cost of ownership, especially for petrol-run vehicles   Car sales during May grew at the slowest pace in seven months reporting 2.8% growth as...

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Nationalization may be passé, but confiscation is not. Foreign corporations are no longer considered necessary to economic growth in emerging markets and are not welcome When I was growing up in the 50s and 60s we had third world countries. Many of these countries had just won their...

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L&T Construction won new orders worth Rs2,410 crore from leading developers for the construction of major residential towers in north India New Delhi: Engineering company Larsen & Toubro (L&T) on Thursday said its construction unit has won Rs2,410 crore new orders across various...

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Dr Reddy's Lab launched its generic Ropinirole Hydrochloride XR tablets used for treating Parkinson’s disease in the US New Delhi: Dr Reddy's Laboratories on Thursday said it has launched its generic Ropinirole Hydrochloride XR tablets used for treating Parkinsons disease in the American...

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UIDAI have allegedly refused to accept data collected by the Registrar General, which made the home minister to raise the issue at the highest level New Delhi: Faced with strong protests from Home Minister P Chidambaram, the Union government on Thursday directed the Unique Identification...

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Media reports are giving an impression that the case of P Chidambaram's election is a criminal trial, alleges Congress. Earlier, the Madras High Court declined to dismiss a petition challenging the home minister's election to Lok Sabha New Delhi: The UPA Government and Congress on...

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According to sources, the CBI has completed its inquiry into the alleged conspiracy in allowing RIL to raise cost of developing the KG-D6 field to $8.8 billion in 2006 from $2.39 billion proposed in 2004 New Delhi: The Central Bureay of Investigation (CBI) has sought opiion of the...

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Maruti Suzuki recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further New Delhi: Maruti Suzuki India, the country's largest car maker, said it decided to cut production of some its petrol...

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The Hinduja Group company would supply 50 units of its vestibule buses to Bangladesh for improving urban transportation in that country Chennai: Hinduja Group flagship company Ashok Leyland sadi that it received its first overseas order for its for vestibule buses, worth $6 million from...

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The RPG Group company received orders of Rs391 in transmission segment from Tamil Nadu Transmission Corp and PowerGrid Mumbai: Infrastructure company KEC International on Wednesday said it received several orders worth Rs391 crore spread across its transmission and telecom businesses,...

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Opera Mini's unique proxy-server-based technology compress data by up to 90% and decrease data transfer costs for Airtel's subscribers across India and South Asia New Delhi: Bharti Airtel has signed a global agreement with Opera Software to provide customised Opera Mini browsers to its...

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We desperately need to put in place a government that will govern by taking tough steps without fearing or favouring any ally or opposition all in overall national interest   Communism and socialistic systems crashed after glasnost and perestroika in the Eastern Bloc. The...

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After speaking with NCP, the civil aviation minister is trying to get support from Trinmool Congress leader Mamata Banerjee and the DMK for FDI in aviation New Delhi: Civil Aviation Minister Ajit Singh will soon discuss the issue of allowing foreign airlines to pick up stake in Indian...

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