Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
No one is saying the steel industry is out of trouble. The financial crunch continues, and coupled with high cost of input, severely affected the first-quarter profits of steel companies. But most agree with Tata that the signals are encouraging.
Kalmadi was unanimously re-elected president of the Indian Olympic Association for a record third consecutive term.
Tata Steel has a technical tie-up with Nippon Corporation for automotive steel production. Nippon is also helping plan the layout of its proposed steel plant at Kalinga Nagar.
Inderjit Singh Bindra, a veteran cricket administrator, was on Sunday unanimously re-elected president of the Punjab Cricket Association (PCA) at the Annual General Meeting of the cricket body held in Mohali. M P Pandove, who is PCA's honorary secretary, was also re-elected unanimously.
Industry sources said Tata Daewoo Commercial Vehicle and Telco Construction Equipment Company might be the first off the block.
President-elect Ranbir Singh Mahendra said the AGM had to be adjourned as it could not complete its business because of a stay order passed by a Chennai court.
With huge liquidity in the money market, partly contributed by capital flows, the interest rates are expected to soften in the short term, according to Industrial Development Bank of India chairman V P Shetty.
Out in the wilderness for 18 months, former International Cricket Council chief Jagmohan Dalmiya, elected as the president of the Cricket Association of Bengal (CAB), has scripted a dream comeback that is only similar to state icon Sourav Ganguly. Dalmiya, lying low ever since he was ousted from the post of CAB president in December 2006, planned his comeback and ensured that his entire panel of office-bearers was elected comfortably.
Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year.
Days after acquiring control of Air Deccan, Kingfisher Airlines Chairman Vijay Mallya now looks at rationalising the fleet of the two carriers and considering changes in the total fleet order of 90 aircraft.
However, the names which are doing rounds are Jet Airways and Kingfisher Airlines. The latter is yet to start its international operations, which is a major requirement for joining an alliance. The merged Air India has already been invited to join its competing Star Alliance. OneWorld brings together some of the biggest names in the airline business, including American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, Qantas and Royal Jordanian.
The observer for Tuesday's BCCI elections also gave voting right to the Jharkhand State Cricket Association.
Since August 9, RIL shares have gone up by over 11 per cent.
The Madras High Court restrained the BCCI from conducting the elections in Kolkata till 1230 pm on Thursday.
Shaw Wallace & Company Ltd, acquired by UB Group, would be merged operationally with the spirits business of United Spirits, chairman of the company Vijay Mallya said.
The finance minister said while contribution of primary and fuel items to inflation has declined of late, certain manufacturing items are leading to its rise.
The ISL will kick off in Kochi with Kerala Blasters taking on two-time champions ATK on Sunday, and Ganguly will be present on the occasion.
Mahindra United defender Surkumar Singh was named 'Player of the Year' by the All India Football Federation.
Reliance Industries chairman Mukesh Ambani on Monday announced a Rs 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali. Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM.
The Union government is considering a proposal to empower the states to frame separate labour laws in certain specific locations to attract investments, Union Commerce and Industries Minister Kamal Nath said on Friday.
The CMS allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process.
Mukesh Ambani-controlled Reliance Industries Ltd will hold its annual general meeting on August 3, in which the company's plans following the settlement of ownership of Reliance empire may come up for discussion.
Unilever president (Asia & Africa) Harish Manwani is to succeed M S Banga as the non-executive chairman of Hindustan Lever Ltd.
The interim order was passed by a bench headed by Justice B N Agarwal.
The former wicketkeeper replaces Brajesh Patel, who is undergoing treatment following a heart surgery.
The Board of Control for Cricket in India's former principal legal advisor Usha Nath Banerjee questioned the Committee of Administrators' decision to debar three affiliated units, including Tamil Nadu from attending the Board's AGM and termed it "utterly arbitrary and wrong"
CVC International, part of Citigroup, has evinced interest to pick up about five per cent stake in Jindal Iron and Steel Company Ltd.
The name of the country's most popular car brand, Maruti Udyog Ltd, has been changed to 'Maruti Suzuki India Ltd' with effect from September 17.
Reliance Industries Chairman Mukesh Ambani said on Tuesday organised retailing will be the 'next big idea' in the companies' plans.
A few days back, Atul Ganatra, president of the Cotton Association of India, presented a grim scenario of the crop's prospects in the 2024-25 season that starts in October. Addressing the association's annual general meeting, Ganatra said the area under the crop could go down by at least 10 per cent in the coming season due to falling yields and realisation, leading to farmers losing interest. The fear of a decline in acreage comes against the backdrop of India's cotton production probably falling to its lowest in a decade, according to estimates.
At a time when the automobile industry is eyeing a market of 2 million cars by 2010, various automobile projects of industry majors, including Tata Motors and Mahindra and Mahindra, are running behind schedule.
One year has passed since his startling declaration, but there are no apparent signs that Gates is ready to step away, said The New York Times.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
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