In a bid to ease some pressure off the power projects which are stranded due to difficulties in securing fresh loans or are facing delays in getting fuel supplies, Bharat Heavy Electricals (BHEL) has offered to pick up some of their equity stakes.
Prime minister Manmohan Singh is all set to inaugurate NTPC’s proposed Rs 30,000 crore Lara power plant in the Raipur district of Chhattisgarh which will help the region become self-sufficient in terms of power on Thursday. During this visit
When it comes to discrimination in jobs at the central universities, people from the Scheduled Tribes (ST) are the most discriminated-against section, it has emerged. According to the latest study done by Delhi-based think-tank Asian Centr
The supreme court overruled the Gujarat high court and has allowed GAIL (India) to go ahead with its decision to terminate contract with the state-owned oil and gas exploration company, Gujarat State Petroleum Corporation (GSPL), for providing nat
The state-owned Coal India Limited (CIL), the largest coal producer in the world, stands to lose production worth 1.5 million tonnes on average every day if the workers’ union goes ahead with a proposed three-day strike next week against the
The employees union of Mahanagar Telephone Nigam Ltd (MTNL) has agreed to the government’s proposal to bring their pay scales at par with their counterparts in Bharat Sanchar Nigam Ltd (BSNL). This will be done at the time of next wage revis
Nandan Nilekani is a man most of educated India respects. As co-founder of Infosys and later its chief executive officer after fellow founder and mentor Narayana Murthy’s exit, he is among those who shaped the Indian IT dream.
All may not be right and bright with the world, and Indian economy, but the UPA government is going full steam ahead. Stung by China, which in a decade or so has seen four of its banks in the list of top-10 biggest global banks, the Manmohan-Chida
Housing and Urban Development Corporation (HUDCO) has come out with a tax-free bond issue in the nature of secured, redeemable, non-convertible debentures amounting to Rs 750 crore with an option to retain oversubscription up to Rs 4,809.20 crore.
State-owned national carrier Air India is set to surpass its revenue target from asset monetization programmes in the current financial year. The cabinet secretary Ajit Seth recently cleared the way for sale of a prime plot of land on Delhi’
The finance minister P Chidambaram has asked the insurance regulator to come up with a time frame for mandatory digitization of insurance policies. According to a report in The Hindu, Chidambaram said that the digitization process of both
Interviews with Gujarat chief minister Narendra Modi are few and far between. Even those run on familiar lines. Sooner or later the interviewer pops the forbidden riots question and the interview comes to an abrupt end. This interview breaks t
Depleting cash balances is posing a real threat to the ambitious exploration plans of Oil and Natural Gas Corporation (ONGC). According to a news report in The Financial Express, ONGC will have to dip into the reserve cash balance which has dipped
At a time when India is grappling with a rickety infrastructure, and financing such projects is a big challenge, prime minister’s economic adviser C Rangarajan on Monday emphasised that banks need to come up with a new system of financing th
Saffron may be the colour of choice for many in the aftermath of Narendra Modi’s “anointment” as BJP’s prime ministerial candidate, and black the colour of despair as leaders make a beeline for riot-hit Muzaffarnagar &ndash
SCENARIO ONE: Boy opposes junior boy’s elevation to rank of class monitor, a title just below or equal to him. Resigns from all positions at school, goes into depression, writes letters in protest. Indicates no patching up possible to an
For India to become an attractive destination for doing business, it is important to scrap retrospective taxation which acts as a “significant disincentive” for entities planning to undertake business in India, a panel headed by former
Clamping down on defaulters, Bharat Heavy Electrical Limited (BHEL) has started sending out legal notices for non payment of dues. Notices have been served to Abhijeet Group, Adhunik Group, Visa Power ltd and Monnet Ispat and Energy ltd, to recove
Shahzad Khan lives in Bhopal and has a wheelchair-bound grandfather Muneer Khan to take care of. The 62-year-old had a terrible paralysis attack last year. Incapacitated and dependent on assistance even for small chores, he became cranky.
