Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute.
The plane crash resulted in an electricity cut-off that affected over 90,000 homes and businesses throughout Montgomery County.
Three persons were injured in police firing at Donkamokam, in the violence-ravaged Karbi Anglog Hills district on Friday, even as the army staged flag march in the affected district headquarter town of Diphu.
In an interview with Sanjay Jog, REC chairman and managing director P V Ramesh talks of the growth strategy and the company's plan to ride the transformation wave in the power sector.
While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
A Central Bureau of Investigation team on Friday arrived at the Som Vihar residence of former Jammu and Kashmir governor Satya Pal Malik in connection with its probe in the alleged insurance "scam" in the Union territory which came to light after his statement that he was offered bribes to clear related files, officials said.
The PFI, formed in 2006 in Kerala and headquartered in Delhi, called the raids a gimmick and an attempt to divert attention from the farmers' issue.
The poisonous haze has been causing significant problems for people with existing respiratory issues, according to doctors.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'
The Central Bureau of Investigation on Wednesday conducted searches at the premises of Sunak Bali, who was an aide of Satya Pal Malik when he was the governor of Jammu and Kashmir, and 11 other locations in Delhi and Rajasthan in the alleged insurance scam case, officials said.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
The CISF headquarters in Delhi said any issue related to service leave had nothing to do with the jawan taking the extreme step.
The Central Bureau of Investigation has asked former Jammu and Kashmir governor Satya Pal Malik to answer certain queries in connection with an alleged insurance scam in the Union Territory, officials said on Friday.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy.
With mercury level soaring, Kerala is likely to face drought-like situation amid fears of drinking water scarcity and power crisis in the poll-bound state as water bodies are fast drying up.
Currently, only Coal India, the world's largest coal miner, and its smaller sister PSU Singareni Collieries besides mining agencies of state government are allowed commercial coal mining.
Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.
The police issued a statement after the BJP alleged that Singh, the Jehanabad district general secretary of the saffron party, was killed in police lathi-charge during the party's 'Vidhan Sabha march' on Thursday in protest against the state government's new teacher recruitment policy.
One possible way of accelerating National Education Policy's outcome is to invite 10,000 retired highly accomplished teachers from the developed world and from India in STEM areas to create 2,500 "Train the Teacher" colleges in the country's 28 states and eight union territories, Murthy said.
The Centre said that there was no legal provision to declare a disaster as a national calamity, amid demands for declaring the floods as a national disaster.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
Tirole's insights show how real-world incentives are complicated, and contracts can be difficult to write and enforce.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
The probe report has estimated the cost of damage due to the accident at more than Rs 52 crore.
Over 7.24 lakh displaced people have been sheltered in 5,645 relief camps dotting the state, they said.
The judge noted that following an earlier court order, the official concerned of Rouse Avenue District Courts premises had brought the CCTV footage of May 23 pertaining to production of Sisodia before the court in the case.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
What works for Trial By Fire is Rajshri Deshpande's and Abhay Deol's portrayal of the distraught parents who struggled and toiled for justice for over two decades, observes Utkarsh Mishra.
Goyal's statement comes in the wake of RGPPL board giving its approval last month for the conversion of debt into equity equivalent to interest dues of Rs 405 crore (Rs 4.05 billion).
The civil aviation ministry has mandated airlines and ground-handling companies to phase out airport equipment older than 12 years and switch to electric or fuel-efficient variants by May 2022. While companies have welcomed the ministry's green initiative, they said that the deadline for implementation is tight. This is especially in the wake of financial challenges faced by the aviation sector during the pandemic.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
Anil Agarwal-led Vedanta's Sterlite Copper on Monday came out with an advertisement inviting expression of interest (EoI) for carrying out plant "restart activities" at its Thoothukudi unit in Tamil Nadu, that got closed more than five years ago following an order issued by the Tamil Nadu Pollution Control Board (TNPCB). The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work. "We have initiated the upkeep and maintenance activities at the plant as allowed by the Supreme Court vide its order dated May 4, 2023, in coordination with the district authorities.
Congress preparing a dissent note on the issue
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
Lalgarh, once a nerve centre of Naxal insurgency in West Bengal, now represents a different place.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Regardless of how the stalemate ends, the government needs to learn that regardless of its parliamentary strength it cannot take people for granted. A little bit of humility would do it a lot of good, recommends Virendra Kapoor.
