Mumbai electricity consumers do not have to face powercuts for a while. The Maharashtra Cabinet subcommittee chaired by Chief Minister Ashok Chavan on Thursday intervened to resolve the ongoing dispute between Tata Power and Reliance Infrastructure over power purchase.
The Maharashtra government has decided to play the role of a heavy-handed mediator in the tussle between Tata Power and Reliance Infrastructure. The dispute is over the sale of electricity in this city at regulated rates.
Japan's leading information technology services and solutions provider, NTT Data Corporation, has emerged as the most aggressive suitor for Indian software services firm Patni Computer Systems. NTT is in advanced talks with the promoters of Patni Computer to buy their combined 46.5 per cent stake, investment banking sources said.
MindTree, the Bangalore-based information technology services provider, has bagged the application development services segment of the Nandan Nilekani-headed Unique Identification (UID) project, renamed as 'Aadhaar'. This is the first of the many IT projects that has come up for bidding till date.
A Maharashtra government-appointed committee has asked Tata Power not to adopt differential pricing but supply excess power at the regulated price to Reliance Infrastructure.
As the IPL controversy has shown, he shuns the limelight but still makes his presence felt.
India's second-largest software services company, Infosys Technologies, for instance, plans to hire close to 30,000 this financial year.
Infosys, India's second-largest information technology services provider, believes winning two to five 'transformational' deals in the range of $30-80 million for the company every quarter could become a norm.
Initially, the industry thought jatropha could be grown on wasteland, without irrigation. They got it wrong, as good care is required for at least three years of the total plant life of 40-45 years, in which moderate irrigation is also required.
Tata Consultancy Services (TCS), Infosys Technologies and Wipro were eliminated from the selection process for the project on technical grounds. Another IT major, HCL Technologies, was also rejected. The size of the project is not yet known.
Civil Aviation Minister Praful Patel has often played the role of a crisis manager to sort out differences between the Congress and the Nationalist Congress Party, of which he is a prominent leader. The minister is now playing a similar role on the personal front, trying to defend himself amid reports of his alleged involvement in the controversial deals surrounding the Indian Premier League.
Exporters are increasingly becoming jittery of making huge losses and apprehend large-scale cancellation of orders and delay in payments.
Sule, who is being projected as Pawar's heir apparent, has clarified that neither Pawar nor any member of the Pawar family had any investments in IPL. She preferred sugarcane-rich Kolhapur in Maharashtra to issue the clarification.
There is good news for coal mine developers who want to go in for expansion. The Ministry of Environment and Forests (MoEF), in its new notification, said the developers that had already bagged environment clearance for their existing projects might be exempted from the stipulated public hearings for obtaining clearances for their expansion projects, provided they met certain criteria specified by the ministry.
Industries looking for opportunities to move out of Maharashtra are the Shiv Sena's latest target.
Polaris gets over 90 per cent of its revenue from exports. Till financial year 2009-10, the company did not actively think about a strategy to buy space in a special economic zone.
The fate of industrial projects worth over Rs 60,000 crore will be decided by an expert committee of the environment ministry at a two-day meeting beginning Wednesday. The committee will take up 32 new proposals, including modernisation and expansion of steel, aluminium and cement plants belonging to the top-notch companies.
CanvasM, a joint venture between Tech Mahindra and Motorola, is planning to launch 6,000 new indigenously developed applications for mobile phones.
Players slash prices to leverage the popularity of IPL matches on the internet.
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