The recommendation, if implemented, could severely dent coal miners' bottom line.
The German company presently holds 10 per cent in the joint venture
Jindal Power bagged 2 coal mines in Chhattisgarh.
Delhi Daredevils today launched its new official song Munday Dilli Ke to herald the upcoming season of the India Premier League, that kicks off on April 4.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Adanis were the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports.
India's bowling mentor Eric Simons has been appointed head coach of Delhi Daredevils for the forthcoming edition of the Indian Premier League. Apart from Simmons, a former South Africa international, T A Sekar also makes a return to the Delhi IPL team as its mentor.
Earlier bidders in the SHAKTI auction were finding it difficult to meet their PPA obligations owing to shortfall in coal supply. The industry lobby has urged the Centre to review the guidelines and allow former participants as well.
GMR Hyderabad International Airport Limited plans to develop an aerotropolis on 1,000 acres, which will promote education, healthcare, entertainment, hospitality, commercial and logistics ports around the airport.
To narrow the gap, corporates should join hands with the state and Central governments to create healthcare facilities through their social responsibility activities, he said.
The Rajiv Gandhi International Airport (RGIA) here has got clearance from the Airports Economic Regulatory Authority (AERA) to increase the user development fee (UDF) levied on all outbound passengers.
Sobha Puravankara is yet to explain to the safety lapses found by the DGCA.
The existing capacity will be able to match passenger growth.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
Gujarat would house the largest solar energy park in Asia in two years, with a power production capacity of 500 Mw.
His outburst has to rank among the most bizarre episodes of two arms of the government fighting in public.
Five months after the world's sixth-largest airport terminal (Terminal 3 or T3) at New Delhi's Indira Gandhi International Airport was inaugurated, it is all set to miss its deadline to host domestic carriers for the third time.
After two miserable seasons in charge as Delhi Daredevils' chief coach, South African Gary Kirsten was relieved from his duties on Monday.
Govt to issue ownership rights of 15 coal mines on Mar 23.
The World Airport Awards are based on the results from 9.8 million questionnaires completed by 100 different nationality of airline passengers in 2009/2010.
The developers, including Raheja Ltd, Ascendas, L&T and GMR, among others, are in the Ministry of Commerce and Industry's Export Promotion Council for export oriented units and special economic zones.
The Union government has threatened to cancel coal block allocations of as many as 17 companies for failure to develop those allotted to them years before. These include big companies such as Tata Iron and Steel, Sterlite Energy, GMR Energy, ArcelorMittal India, Reliance Energy, GVK Power, Lanco Group and Rungta Mines.
Reliance Industries is ostensibly seeking a 25 per cent increase in the price of natural gas it produces from the eastern offshore Krishna-Godavari Basin after it wrote to the Oil Ministry saying it has customers willing to pay more than the government-approved price.
Anil Ambani Group firm Reliance Energy, Tata Power, GMR and aluminium manufacturer Nalco are keen to enter nuclear power business, NPCIL Director (Finance) JK Ghai said.
Air India to shift, unused capacity in existing bilaterals may be mobilised.
Over 50,000 people are expected to attend Rahman's Jai Ho concert at a specially created arena near the airport.
The Indian Cricket Board (BCCI) paid a whopping Rs 50 crore as income tax for the year 2013-14, its monthly disclosure on spending has revealed. Giving details of spendings exceeding Rs 25 lakh on its official website, the BCCI also revealed that it paid service tax of Rs 2.74 crore. India's Under-19 and A team coach Rahul Dravid was paid half of his professional fees during the month gone by and the figure for that stood at Rs 1.30 crore. Besides, the Assam Cricket Association was paid Rs 3.37 crore as part of its annual dues for the year 2014-15.
The airport operator has also planned rainwater harvesting structures along the proposed drainage network and open areas in the upcoming integrated third terminal.
In what could hit trading on Power Exchange of India Ltd, the Forward Markets Commission has warned it to cease trading in contracts beyond 11 days of payment and delivery. The FMC has also advised traders to desist from trading such contracts on PXIL.
The consortium will use money from commercial development to pay off Rs 5,000-crore debt (Rs 50 billion).
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
R-Infra quoted Rs 42-crore (Rs 420-million) premium over the bids of rival companies such as GVK Power and Infrastructure Limited, GMR Infrastructure, B Sennaih and C&C, JMC Srei and Sadhbhav, sources told Business Standard.
More than 50 companies had rushed to make qualified institutional placements after real estate firms like Unitech and Indiabulls raised money through this route. Now it appears that only some of these companies may be able to raise equity through this route, on rising concerns over valuations and over-supply.
Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
The petroleum ministry has said Reliance Industries Ltd (RIL) is not right in seeking an out-of-turn rise in the price of natural gas produced from the KG-D6 fields and asserted the $4.205 per million British thermal unit (mBtu) rate will prevail unless pricing formula is changed.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Several Indian and international aviation and logistics companies such as Air India, Singapore Airport Terminal Services, Menzies, Bobba, Swissport, Bird Group and Worldwide Flight Services have responded, individually or through tie-ups with each other, to two requests for proposals to set up a new cargo facility at Delhi airport and upgrade the existing one. The RFPs were sent by Delhi International Airport Limited, the GMR-led consortium that is modernising the airport.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Following Hyderabad-based GMR Infrastructure's successful bid for the new Istanbul airport and DS Construction's acquisition of energy company Globeleq's US assets, many mid-size infrastructure companies are planning to venture overseas.
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