The Aditya Birla group, led by Kumar Mangalam Birla, has taken charge of its mutual fund joint venture with Sun Life Financial of Canada by buying 1 per cent stake from the latter.
Maharashtra SEZ act yet to be notified.
Talks in final stages, but both sides deny move.
The consortium has identified a high-value, high-risk prospect at the site.
Actis was earlier negotiating with other private equity players, but changed its strategy after the government opened retail sector to foreign companies.
Essar has entered into an agreement with Maple Leaf, a cement major there, for its supply and has already delivered 15,000 tonnes of petcoke.
The business process outsourcing (BPO) sector in the Asia-Pacific region will touch $9.5 billion in 2016, up from $5.9 billion in 2011, according to Gartner.
S&P also cut China?s GDP growth forecast to 7.5%t and that of rest of Asia.
Last February, the Education Promotion Society of India, Association of Indian Management Schools and Jaipuria Group of Institutions filed a petition in the Supreme Court challenging the AICTE notification, dated December 28, 2010, which curtailed Post Graduate Diploma in Management institutions' autonomy on deciding fee structure, admissions, syllabus and examination.
With the investment, the company's refining capacity will rise 60 per cent from the present 65.7 million tonnes per annum (mtpa) to 105 mtpa by 2022.
Though the number of IIMs has gone up in the past two years -- from seven to 13 -- the pool of companies which these B-schools approach for placements, remains largely the same.
The Western Ghats Ecology Expert Panel report, submitted by ecologist Madhav Gadgil last year, was further delaying the Rs 30,000-crore (Rs 300-billion) refinery project of Hindustan Petroleum Corp Ltd (HPCL) in Maharashtra, a senior official of the state-run oil marketing firm said. The project has already been delayed due to bureaucratic red tape.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
State-run Oil and Natural Gas Corporation (ONGC) will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan's Inpex Corporation.
"Air India is unable to pay even after a 90-day credit period. They owe us about Rs 300 crore without interest. There is also no bank guarantee from Air India to any of the oil marketing companies. We do not know when will the company honour its dues," said a BPCL official on condition of anonymity.
To be second Indian company after Essar to have a refinery abroad
In its latest annual report, IIM-A has said it generated a net surplus of Rs 6.83 crore (Rs 68.3 million) for fiscal 2010-11 against an operating loss of Rs 50.49 lakh (Rs 5.04 million) in 2009-10, and Rs 6.33 crore (Rs 63.3 million) in 2008-09.
Needed, it says, for covering its return and risks; also wants govt to stick to contract on output sharing
Mehta's exit and Hilton's entry would see the company making history in India, where women have remained out of the chairperson's slot in energy companies, private or state-run.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances