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Modi is following the Gujarat model of governance

 'He selects certain portfolios that he has personal interest in, and he does not give them to a senior leader.''The responsibility is given to a junior minister who then directly reports to Modi or......

Essar launches $150 mn rival bid for RCI

 Ruias-led Essar Group has bid $150 million for taking over an Australian coal firm, Rocklands Richfields Ltd, bettering an earlier offer from Jindal Steel and Power Ltd. The Indian conglomerate has......

ArcelorMittal, Rio Tinto in race for CIL's mines

 ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18......

More trouble likely for captive coal miners in Madhya Pradesh

 R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss. In yet another case of a state government asserting its right on natural resources, Madhya Pradesh is set to issue......

When cronies plunder scarce resources

 Crony capitalism will of course generate investment and ensure profit for private capital, but it won’t give employment or income to the people. If you can make money by selling coal or......

Nalco eyes Afghanistan's mining sector

 State-owned aluminium maker Nalco may show interest in developing mines in Afghanistan, which is expected to invite global bids soon for exploration of mineral deposits estimated to be worth $1......

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