Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
The earlier resolution allowing these developers to charge higher power tariffs, now stands cancelled.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Prime Minister Narendra Modi on Friday apologised to Chhatrapati Shivaji Maharaj and those hurt by the collapse of the warrior king's statue in Maharashtra's Sindhudurg district, an act coming in the backdrop of a huge row over the crash which provided ammunition to the opposition to target the Mahayuti government ahead of assembly polls.
In a major blow to the corporate sector, the Supreme Court on Wednesday quashed allocation of 214 out of 218 coal blocks which were allotted to various companies since 1993 and in which it was claimed that around Rs 2 lakh crores were invested.
The government will have to get projects moving.
Stocks to watch: ACC, Ambuja Cements, India Cements, Shree Cement, Ultra Tech Cement.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
The plan includes close to 6,000-Mw capacity to be set up by NTPC alone.
Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Govt keen to revive business sentiment in india.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
"On the one hand he says I was a 'yachak' (somebody pleading) and on the other hand he accuses me of having arrogance. It's very contradictory. I am willing to plead with the Centre for the cause of Bihar. He is the prime minister and can say whatever he wishes.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
India is now much ahead of other large railway networks in the world in terms of electrification -- with the US at just 1 per cent, China at 72 per cent and Europe at 60 per cent.
Corporates understand that the PMO drives all key decisions in this government.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
Sensex in green in afternoon trade.
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
The government should give the first right of refusal in the ensuing coal mine auction to the companies which lost the blocks in the mass cancellation by the Supreme Court on Wednesday, former Coal Secretary PC Parakh said.
The S&P BSE Sensex plunged 128 points to end at 25,102.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
Budget in the medium term aims to kick-start the investment cycle.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Tax incentives to have cascading effect on the capital goods industry.
Sensex falls at close; metals, banks perform well.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Budget will get a welcome reception from the international biz.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
'The transmission sector is going to be the next sunrise industry.'
Finance Minister Arun Jaitley presented the Union Budget.
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