Dow Chemical Company is once bitten, twice shy. Close on the heels of its US parent's move to deny liability for damages resulting from the Bhopal gas tragedy at a plant run by Union Carbide (a company it had bought), Dow India has called off a greenfield project to establish a research & development facility in Maharashtra.
Financing of solar projects under the Centre's ambitious national solar mission has hit a major roadblock as banks have argued that the current structure of the power-purchase agreement was not bankable due to the credibility of many states.
The proposed expansion of the Dabhol power project under Ratnagiri Gas & Power Pvt Ltd (RGPPL) by 2,100 Mw from the present capacity of 1,940 Mw has been stalled for want of assured gas supply from the KG-D6 gas field, operated by Reliance Industries Ltd, and adequate number of power procuring states.
Planning Commission member Arun Maira said on Thursday a panel chaired by him had not recommended a blanket ban on the import of power and other capital equipment from China and other countries.
Mukesh Ambani's Reliance Industries is slugging it out with fuel retailers in Gujarat.
This comes close on the heels of the ministry's stand on the development of a new international airport in Navi Mumbai.
The government has told Cairn Energy that its deal with Anil Agarwal-promoted Vedanta Resources will go through only after a formal proposal to the government is made and all clearances are obtained.
Ministry sources told Business Standard that necessary action would be taken to amend the Act to include penalty for non-compliance and modify the procedure to decide the penalty and punishment under the Act.
The Raigad district administration has asked RIL to submit details regarding production and safety measures at the plant.
CERC keeping an eye on movement of prices.
RIL, with interests in petrochemicals, oil and gas exploration, textiles and retail, will continue to see a slow decline in margins.
The UI rate is a variable depending on the grid frequency.
The Nationalist Congress Party (NCP) will declare its party line at its national executive, to be held on August 1 in Patna, days after announcing that the party would forge an alliance of secular parties on the grounds that its major ally, Congress, was not giving it adequate political space.
Analysts say this is a reflection of the high debt that most aviation companies have on their books. "Aviation companies are unable to pay their dues because they are into losses.
BJP president Nitin Gadkari said, "The party has not yet taken any decision on Uma Bharati's return. The issue is still being discussed." A party leader said the party's decision may be possible after the elections to the Bihar assembly are over.
Shell India, the domestic arm of Royal Dutch Shell Plc, had offered for sale 20 of its 80 operational retail outlets and around 20 sites acquired earlier for setting up such outlets.
An environment impact assessment study by the Indian Institute of Technology, Mumbai, for the proposed Navi Mumbai international airport, has categorically said there should not be any compromise on retaining the geomorphology of rivers, the aquatic life and mangroves in the airport zone.
State-run Indian Oil Corporation plans to set up solar power panels and power plants at its over 18,100 retail outlets across the country at a cost of Rs 500 crore (Rs 5 billion).
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
Deora told Business Standard that a substantial volume of kerosene was also smuggled across the border, since the prices there were much higher. He added the government may have to rework various measures taken so far to curb the menace.
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