The Supreme Court on Monday rejected the plea of the central government to allow Lafarge, the French mining giant, to resume limestone mining in Meghalaya. It also ordered a fresh, and fast, environmental impact assessment.
The service has been launched in partnership with transmission solutions firm Sterlite Technologies.
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.
Kanimozhi told reporters that the Palaniswami-led government has become 'bloodthirsty' and the chief minister should be held responsible for the incident.
Murray Denis Ward, 54, allegedly inappropriately touched the three NAB inmates on September 2, the police said.
Short selling, also known as shorting or going short, is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender.
The verdict on deemed licences has the Street question whether Sesa Sterlite owns any mines in Goa.
The proposed takeover of Cairn Energy's India business could see Non-Resident Indian billionaire Anil Agarwal emerging as the richest promoter of a corporate house in India ahead of Mukesh Ambani, who has ruled the list for long.
The Nifty ended up 14 points at 5,237. BSE market breadth was neutral. Out of 3,001 stocks traded, 1,446 stocks advanced while 1,428 declined.
Base metals have recorded a sharp rise in prices as global demand picks up. Rising alongside are the share prices of the leading metal companies in the country like Sterlite, National Aluminium Company and Hindustan Zinc.
'Silencing citizens has become a major institutional process under this regime.' 'The anti-Indian argument is a bogey -- meant to silence independent thinking people in India and turn us into goats and sheep.'
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
From a legal perspective, 2008 has been noteworthy for the corporate world as the Supreme Court cleared the environmental hurdles for three projects, which entailed investments in billions of dollars. On other hand, the apex court asked the Central Pollution Control Board to probe into the allegations made the Orissa against Paradeep Phosphates Ltd, which was also asked by the state to shut its factory for releasing hazardous pollutants.
Four companies, including India's largest private sector electricity generator Tata Power and infrastructure major Larsen & Toubro Ltd, chose not to bid for the Rs 16,000-crore ultra mega power project (UMPP) in Tilaiya in Jharkhand even as Reliance Power, Lanco Infratech and NTPC Ltd, the country's largest power producer, submitted their technical bids.
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
Volatility returned to haunt the Street in the post-lunch session
After a strong start to the week on Tuesday, the Sensex this morning opened 15 points higher at 16,868 amid subdued global cues.
Among the sectoral indices, realty and metal indices lead the rally.
The NSE Nifty settled at 4,662, down 70 points. The GDP numbers, economic growth of 6.1% in Q1, failed to cheer the investors and the index tumbled to a low of 15,590.
The NSE Nifty ended 98 points higher at 3,082. The BSE Capital Goods index surged 5.4% to 6,425. The Power and Metal indexes rallied 4% each to 1,883 and 5,827, respectively. The Realty index, however, dropped 4.5% to 1,615 - mainly on account of Akruti City.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
Five companies, including NTPC, Reliance Power, Lanco Infratech, Jindal Power and Sterlite Energy, of the 11 pre-qualified bidders, were in the fray for the project. The financial and technical bids for the coal-based thermal power project were invited on December 29 and the final financial bids were to be opened within 15 days.
The 'S&P India 10 index' is designed to address this accessibility challenge. It offers investors liquidity and investability, and can also serve as a basis upon which to create investment products," Vice President of Portfolio Services for S&P Steven Goldin said.
Rajinikanth's comments on the Cauvery issue have often made him the target of pro-Kannada outfits who threatened to disrupt his film's release in Karnataka. However, this time there has so far been a lack of fanfare even in Tamil Nadu. R Rajagopalan explains why.
The NSE Nifty ended at 3,654, up 180 points. The market breadth was positive - out of 2,612 stocks traded, 1,771 advanced, 760 declined and 71 were unchanged on Monday.
Metals and mining major Vedanta Resources will buy bankrupt US copper miner Asarco for $1.1 billion in cash and a note worth $600 million, the latter to be paid over a period of nine years.
The Tilaiya project is a part of the government's showcase UMPP scheme under which a power generation capacity of around 50,000 Mw is planned to be created through 13 of such mega projects, which will come up mostly in the Twelfth Plan period.
'Smart' Gandhinagar is now wired to the future, becomes India's first smart city; launches citywide WiFi services, smart streetlights, speed and face recognition surveillance.
The proposed Krishnapatnam ultra mega power project - the third 4,000 Mw project to go under the government's hammer - has attracted just three bids from Sterlite, Reliance Power and Larsen & Toubro, though there were nine qualified bidders for the project.Those who have not bid after expressing an interest include Essar Power, NTPC, Japan's Sumitomo Corporation, China Light and Power (with GMR) Israel Electric Company (with DS Construction) and Tata Power.
Power Finance Corporation, the nodal agency for ultra mega power projects, has extended the last date for accepting bids for Krishnapatnam project to October 24, sources said. Essar Power, Sterlite Industries, Larsen and Toubro, D S Construction, Japan's Sumitomo Corp and CLP-GMR combine are other companies believed to be in the qualified bidders list.
Pon Radhakrishnan also stated that Naxals, Maoists and Muslim extremists may have intruded into some of the media houses too.
Cairn has slashed its planned capital expenditure (capex) by 60 per cent to $500 million against the earlier $1.2 billion.
At 47 protests a day, the state has become the most restive in the country and investors are becoming increasingly wary
The Rs 3-trillion West Coast or Nanar refinery has all the potential to become India's flagship petrochemicals project, with the planet's largest oil producer Saudi Aramco as its biggest shareholder. Yet the locals don't see the plant as a harbinger of better times.
Power sector stocks have recently emerged as market favourites, evoking memories of the information technology and pharmaceutical booms of a few years ago and the real estate sector more recently.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The Rajya Sabha was adjourned briefly on Wednesday as Samajwadi Party, Telugu Desam Party and All India Anna Dravida Munnettra Kazhagam members demanded Finance Minister P Chidambaram's resignation over certain references in a book on stock market.
The Sensex opened with a negative gap of 207 points at 9,084.
The NSE Nifty is down 203 points at 3,135. Wipro, TCS and Jaiprakash Associates have crashed around 9% each to Rs 252, Rs 494 and Rs 66, respectively. Tata Motors has tumbled 8.7% to Rs 258. Hindalco, Infosys and Sterlite have plunged around 8% each to Rs 73, Rs 1,225 and Rs 269, respectively.
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