The port project work is to be undertaken by the group's African subsidiary, Essar Africa Holdings, and is not a part of the group's Essar Ports.
Earlier, the company had to shut operations in the Mumbai circle, following a directive by the Supreme Court.
As banks are looking at such infrastructure as ancillary assets, wanting to focus on core activity, they're reluctant to commit their resources here, throwing space open for other players.
Vendors say Infotel Broadband close to signing tower leasing deals with Anil Ambani company
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
Leveraged balance sheets expose banks to sudden shocks.
Agitation against 7-day banking move prompts action.
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.
Also on agenda is rising credit flow to MSMEs & farm sector.
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.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
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.
There are some companies in the sector that have seen a decline in revenues but their performance is not sufficient to cause such a decline in industrial production data.
Microfinance institutions' deluge of problems, it seems, is never-ending.
Newer telecom operators and dual technology entities are opposing the department of telecommunications (DoT)'s decision to ask the Telecom Regulatory Authority of India (Trai) to give its view on whether the price of spectrum being offered in the coming 2G auction should be valid for 10 years instead of 20 years.
But weak global demand, costly imports play spoilsport
But few analysts have played down the impact of the Telecom Regulatory Authority of India recommendations.
After establishing a presence in Indonesia and Sri Lanka, Icra, the rating agency and associate of Moody's in India, plans to expand further in Asia to get a slice of business from the growing bond markets.
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