India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday. APSEZ and Sajjan Jindal-led JSW Group were the only two entities that took part in the financial bid round, though there were more port and logistics majors who had expressed initial interest in the estimated Rs 7,000-crore project in Purba Medinipur district. "APSEZ is the highest bidder, offering a share of 0.25 per cent of gross revenue. "It was marginally higher than the second bidder who offered 0.23 per cent," a senior government official said, without wanting to be named.
The West Bengal government has handed over the first tranche of 533 acres to Bengal Aerotropolis Projects Ltd (BAPL) for setting up a new airport city project. This is to come up in the Durgapur-Asansol region, of Bardhaman district, at an estimated investment of Rs 10,000 crore (Rs 100 billion).
In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs 766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday. The company stated that the arbitral tribunal has asked the West Bengal Industrial Development Corp (WBIDC) to pay the company Rs 766 crore compensation, in connection with losses incurred on its manufacturing site in Singur.
The West Bengal government has decided to close down five ailing subsidiaries of West Bengal Electronics Industry Development Corporation Ltd, the nodal agency to promote electronics industry in the state.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
RusPromAvto, Russia's automobile corporation, is to begin assembly of heavy-duty cross-country 'Ural' trucks in India from next month.
Webel's digital tool enables people with cerebral palsy to communicate.
Kolkata-based Webel Mediatronics Ltd - a subsidiary of West Bengal Electronic Industry Development Corporation Limited, is planning to start manufacturing and designing motorised wheelchair and digital hearing aid
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
XPS Ltd, a subsidiary of Transport Corporation of India, engaged in providing logistics to perishable commodities, is developing a temperature controlled packaging unit for the food processing industry.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
Jharkhand mining secretary Pooja Singhal, earlier arrested and remanded to the custody of the ED in a suspected money laundering case, was suspended by the Jharkhand government on Thursday, an official said.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
India Inc has few leaders who are likely to grab headlines in 2015.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
With Mukesh Ambani taking over Network 18, the space for disseminating a diverse range of views could shrink, feels Paranjoy Guha Thakurta.
Dabhol's assets will be demerged into the power plant and the LNG terminal.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
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