Lignite contributes large part of total royalty income in the state. Lignite production in Gujarat is estimated to be decline by 10 lakh tonnes this year on account of closure of Panandhro mines, according to government sources. Last year, the lignite production in the state stood at 99 lakhs (9.9 million) tonnes resulting into a royalty income of appoximately Rs 50 crore (Rs 500 million).
The Gujarat government has given consent for setting up an international centre of excellence to nurture youth into entrepreneurs, which will be guided by chairman and founder mentor of Infosys, N R Narayana Murthy.
The Gujarat chief minister thanked all political parties, which supported the government on the issue of increasing the height of the dam and for opposing the Narmada Bachao Andolan.
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
Gujarat Mineral Development Corporation Ltd has posted a net profit of Rs 208.43 million for the quarter ended December 31, 2002 as compared to Rs 169.74 million in the quarter ended December 31, 2001.
Vedanta Aluminium is sourcing half of its bauxite requirement from Bharat Aluminium Company's mines.
Mallya has to deliver or he won't be able to raise money for the airline.\n
Nine mineral-rich states -- Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Tamil Nadu and Telangana -- are readying 75 blocks for auction.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
The Vedanta Group is aiming to invest $20 billion across all its businesses in India over the next four years, its chairman Anil Agarwal said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event. "At the moment, we have a plan to invest $20 billion across sectors in four years time," Agarwal said.
Very high GDP growth which is driven by lots of concessions to large corporates.
Check out the companies which surpassed economic slowdown and the demonetisation-induced slowdown
As lakhs of Patels gather for a rally seeking reservations, Ahmedabad has 20,000 cops ready with water cannons, drones, surveillance cameras, bomb disposal squads and quick response teams to maintain law and order, reports Prasanna Zore/ Rediff.com from Ahmedabad.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Naxal violence in Orissa has also put several investment proposals in jeopardy.
The Patels of Gujarat are seething and they have warned Prime Minister Narendra Modi and Chief Minister Anandiben Patel of consequences if their demands for reservations are not met.
There have been significant changes in Gujarat, says Uttam Ghosh, as he captures the state in his camera.
From trusted bureaucrat, to Wharton, MNC executive to businessman, and now politician, the man in charge of two weighty ministries is a unique all-rounder with specialist knowledge.
Prime Minister Modi appreciated the vision of Putin for the welfare for Russia's Far East, saying the Russian President has opened up investment opportunities for India in the region.
Prasanna Zore/ Rediff.com talk to members of the Patel community to find out why they are dissatisfied with the state of affairs.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
The government is following a path where it will not be irresponsible or profligate with public money but will intervene in the interest of the poor
It is time for Mr Modi to be a little more reasonable and rational.
While corruption destroys the moral fibre of a nation, its society and people, secularism as espoused in this country is cynical secularism, a sham perpetrated during election time and communalism is a spectre, a bogey raised by these great champions of Indian secularism to secure and perpetuate their vote bank, says Maneck Davar.
'Chief Minister Devendra Fadnavis called us for a meeting in March 2016 and we submitted the same charter of demands that we are submitting now.' 'He gave us wishy-washy assurances.' 'We thought he was the new chief minister and we believed him, but later we found out that nothing is moving on the ground.' 'This time we want a written assurance and a concrete timetable for implementation.' 'We will not leave Mumbai, come what may.'
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
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