SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Indian business conglomerate Tata Sons has said that it was keen on being a part of Bangladesh's economic development
"Stoppage of land acquisition for the time being should not be considered as a deadlock over Posco project," he said, adding the district administration of Jagatsinghpur had been assigned the responsibilities of motivating people in support of the mega steel project.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
The Finance Ministry has called a meeting of heads of public sector banks to clear stalled projects.
'Our automakers export 50 per cent of what they manufacture and once the policy comes into play, which is in the next 2-3 years, we would become a Rs 10 trillion industry.'
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
Citing the May, 2010, Supreme Court ruling that upheld the government's right to frame gas utilisation policy, the ministry last week wrote to Reliance directing it to first supply natural gas from its KG-D6 fields to priority sectors like fertiliser and power, official sources said.
While the government insists that the road will help in solving traffic woes, environmentalists and locals decry cutting of trees, impact on environment.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Around Rs 40,000 crore (Rs 400 billion) investment in the power sector is in limbo for want of government decision on allocation of natural gas to the proposed electricity stations.
A day after declaring assembly of anti-Posco agitators at entry point to Dhinkia area near Paradip as "unlawful", the Orissa government on Saturday re-deployed police force and hinted at action if protesters continue to prevent movement of officials at the proposed steel project site.
oaring crime gave Venezuela the horrific title of being one of the most violent countries on earth. Inflation ran into tens of thousands per cent, impoverishing nearly all of the country's 31 million people.' Yet, says Radha Roy Biswas, she sees hope for the beleaguered nation where she spent her childhood years.
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Tata Iron and Steel is scouting for a partner to share Rs 1,500 crore investment on environmental management system upgradation to reduce the level of carbon dioxide generated while manufacturing steel at its plant in Jamshedpur.
Mechanised mining is set to become operational in Chiria in three years' time.
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.
Non-core sponge iron plants, petrochemicals units and oil refineries have cornered as much as 13.13 million cubic metres per day out of the 60.76 mmscmd of KG-D6 gas allocated.
Salboni, in West Medinipur district, is where JSW Steel in 2007 said it would be putting up a 10 million tonne a year steel factory, plus a big captive power plant.
The government's final rules for reallocation of cancelled mines through an e-auction process give the existing owners an advantage over new bidders.
Fresh from getting a major concession from the corporate debt restructuring forum, the Pramod and V K Mittal-controlled Ispat Industries Ltd on Monday said it aims to be counted among the world's top five lowest cost producers of steel by 2005.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
The Central Bureau of Investigation has registered a fresh case in connection with its coal blocks allocation probe against a Delhi-based steel company and carried out searches at its premises in the National Capital Region.
Teesside, located in the north-east region of the UK, is an important part of the Tata Group's business presence abroad. It also has two contrasting tales for India's largest business group.
Maoists on Friday exploded a bomb in Meghatpur mine and planted another at Kiribur, both run by public sector Steel Authority of India Limited along the Orissa-Jharkhand border. The attack comes hours after the Maoists blasted rail tracks in Jharkhand's West Singhbhum district that derailed the Tata-Bilaspur passenger train leaving two passengers dead.
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
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