The CPI(M) today observed 'Black day' in Kerala in protest against Governor R S Gavai's decision to accord sanction to the CBI to prosecute former Minister and party's state secretary Pinarayi Vijayan in the SNC Lavalin graft case.
The Kerala state governor R S Gavai has allowed the prosecution proceedings against the Communist Party of India-Marxist Kerala state secretary Pinarayi Vijayan, who was the power minister in the E K Nayanar cabinet during 1996.
The United Progressive Alliance government conveyed its intentions to tap the stock market for raising resources through sale of PSU shares while retaining 51 per cent stake in the state-owned firms.
NHPC plans to issue 10 per cent of its new equity shares in the public offer, while the government alongside will divest its five per cent stake in the company. According to the listing norms by market regulator Sebi, independent directors should form 50 per cent of the board which is headed by executive chairman. To meet Sebi norms, NHPC should have seven independent directors on board before it can go to the market.
The NSE Nifty ended at 4,238, down 1 point. The market breadth was extremely positive -out of 2,816 stocks traded approx 87% (2,470) advanced while only 11% (316) declined. The rest were unchanged.
Anil Ambani-led Reliance Power will invest over Rs 12,000 crore (Rs 120 billion) for executing 2,520-MW hydro power projects in Arunachal Pradesh, to be commissioned in the next Five Year Plan (2012-17).
The prospect of a revival of the disinvestment agenda has prompted bureaucrats in the power ministry to revive plans for utilities to raise money from the markets, so that the government gains the opportunity to sell its shares.
As Environment Minister Jairam Ramesh faces flak back home for his support to boosting trade with Beijing, the Chinese media has come out in his favour pressing for removal of "needless restrictions" on country's investment in India.
The Left Democratic Front-led Kerala government on Wednesday accepted the Advocate General's advice against granting permission to prosecute former minister and CPI-M state secretary Pinarayi Vijayan in the SNC Lavalin corruption case.
The Kerala state advocate general, C.P.Sudhakara Prasad, has given his opinion in the multi-crore corruption case involving the Communist Party of India-Marxist state secretary Pinarayi Vijayan and has opined that the prosecution need not take any action against the former state electricity minister.
Am amazing story of how students from a Mumbai college conceptualised and executed their plan of lighting an entire tribal village on the city's outskirts. What's more, they now dream of lighting up 'dark villages' in the entire country.
Oil and Natural Gas Corp (ONGC) is in talks with super majors like ExxonMobil to replace Norway's Statoil and Petrobras of Brazil who have decided to quit its KG basin gas block.
The Indian capital goods industry has not got the much needed import barriers especially for power equipments.
Petroleo Brasileiro SA or Petrobras, Brazil's state-controlled oil firm, has offered ONGC its 15 per cent interest in the Krishna Godavari basin block that sits next to Reliance Industries prolific KG-D6 fields without any cost.
'Rahul Gandhi is one of the few in the UPA with the political clout to carry out those much-needed reforms in the railway and power ministries, even if it means bruising a lot of egos in the short-term. Becoming a minister without portfolio is undoubtedly the safer option, but if there is no pitfall neither is there the opportunity of solid achievement.'
"I could say 40,000 Mw is certainly achievable, 60,000 Mw is a possible target but 77,000 Mw looks a bit difficult," said Kirit Parikh, member (energy), Planning Commission. He attributed the apprehension over meeting the capacity addition target mainly to the non-achievement of financial closures of some projects. About 15 per cent -- 12,000 MW -- of the power generation target for the current Plan period has been achieved.
If Taro fails to address the issues raised by the US Food and Drug Administration, it may face ban on many of its products in the US market, made from the facility at Ontorio, Canada. If Taro fails to address the issues raised by the US Food and Drug Administration, it may face ban on many of its products in the US market, made from the facility at Ontorio, Canada. If Taro fails to address the issues raised by the US FDA, it may face ban on many of its products.
If there is anything that would convince world famous Hollywood director James Cameron to make a film in India, it would be its popular ancient epics, the Ramayana and the Mahabharata.
In the past few months several countries have been issuing travel advisories against travelling to India. The latest on the list of countries that have issued travel advisories are United States of America, United Kingdom, Australia and Canada.
The National CDM Authority in India has accorded Host Country Approval to 1,455 projects. These projects have seen an investment of more than $33.7 billion(Rs 1.6 lakh crore).
In what would be the second biggest initial public offer, Naveen Jindal-promoted Jindal Power Ltd plans to raise up to Rs 10,000 crore in this financial year.
The power major generates about 95 million tones of fly ash from its various units annually. Fly ash is an important raw material for cement business. However, the official did not specify where the projects would come up, or what would be the investment involved in the envisaged cement projects and NTPC's share in the JV.
Fresh addition of power capacity in the first half of the 2008-09 financial year has fallen short of target by nearly two-thirds because of delays in supply of critical components for thermal projects and non-availability of fuel for a nuclear project.
In the first two years, we spent Rs 15,000 crore, which was more than our target, says S K Chaturvedi, CMD, Power Grid Corp.
India and China are generating enough growth from within, says H Lienhard, President & CEO, Voith AG.
Terming the Indo-US civilian nuclear deal as "unique to India and not a model to replicate", a senior Bush administration official said the United States is committed to cooperate with Pakistan in enhancing its energy needs but "a civilian nuclear deal with it was not on the table".
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
The government has also decided that all unlisted CPSEs which have made profit in the past 3 years and have a positive networth should get listed on stock exchanges.
From coal engines and phone calls that took two days to come through, to the cellphone revolution, and scams that have become mindlessly bigger, A Ganesh Nadar on a country that has seen remarkable changes in its 64 years as a nation.
Contrary to perception, the cost of nuclear power based on imported fuel and equipment will be "comparable" to that from the conventional power plants, says Shreyans Kumar Jain, chairman and managing director of the Nuclear Power Corporation of India.
The Srinagar railway station is a stunning three-storeyed building, which has beautifully carved wooden panelling and chandeliers and is surrounded by landscaped gardens.
The government's disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs approving the part-sale of its stake in two power companies -- NTPC and Satluj Jal Vidyut Nigam -- but postponing a decision on the overall disinvestment policy.
In the midst of a spat between India and China, an official Chinese newspaper on Friday spoke of a possible meeting between the prime ministers of the two countries next week in Thailand.
Prachanda will hold wide-ranging talks with Prime Minister Manmohan Singh on Monday, particularly reviewing the 1950 bilateral Trade and Transit Treaty, which the Nepalese leader wants to be replaced by a new one.
The government on Thursday revised its target of power capacity addition to 90,000 MW in the 11th Five-Year Plan (2007-12), up by 11,423 MW from the earlier estimate of 78,577 MW, in order to meet the growing demand of electricity in the country.
While the government is pushing for the use of renewable energy in rural areas to address the twin problems of climate change and scarcity of power, the nodal ministry for carrying out the exercise has not been performing well.
The Congress-led United Progressive Alliance government at the Centre will have to face the electorate before operationalising the proposed civilian nuclear deal, Communist Party of India Marxist General Secretary Prakash Karat claimed on Tuesday.''They will have to face the people's court before implementing the proposed deal as getting clearance from various agencies was a time consuming effort," he said during a seminar.
While petrol and diesel meeting the stringent Euro-IV specifications is to be supplied in seven metro cities of Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Ahmedabad from April 1, 2010, Euro-III grade fuel is to be supplied in rest of the country from that date. Doubts had been expressed about meeting the April 1, 2010 deadline after an industry representation by IOC, Hindustan Petroleum and Bharat Petroleum sought postponement of the schedule.
Meanwhile, Dr Singh on Monday gave assurance to 24 religious and cultural heads (satradhikars) of Vaishnavite monasteries from Majuli, the largest inhabited river island in the world, to continue the campaign for acquiring world heritage tag for the endangered river island located in the bosom of mighty Brahmaputra River in Jorhat district of Upper Assam.
The Norwegian company, which has already taken a 10 per cent stake in the KG-DWN-98/2 block, has the right to double its interests before the gas discoveries are put to production but it is now keen on operatorship and a higher stake in the block, company sources said. ONGC is in dire need of deep water production technology and is likely to agree for a joint operatorship of the block but is not willing to give 30 per cent stake in Norsk Hydro.
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