Essar Energy CEO Naresh Nayyar tells Business Standard that in 2013, the company would focus on optimising the operations of the commissioned units and generating cash flows.
Leveraged balance sheets expose banks to sudden shocks.
ONGC's foreign arm had agreed to buy firm's stake in Kashagan field for $5 billion.
Agitation against 7-day banking move prompts action.
Appoints Foster Wheeler as consultant to prepare project report.
GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Unions said the revised wage structure should reflect the merger of dearness allowance.
Maharashtra SEZ act yet to be notified.
Also on agenda is rising credit flow to MSMEs & farm sector.
The consortium has identified a high-value, high-risk prospect at the site.
Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.
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.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
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.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
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