Odisha Police seized nearly 3,500 litres of diesel and arrested one person for illegally procuring materials from ships anchored in deep sea areas near Paradeep. The operation uncovered a network involved in unauthorised exchanges of fuel and other suspicious commodities.
Three young men from Jharkhand had migrated to Goa a year ago to earn a better living for their families back home and started working as cooks in 'Birch by Romeo Lane' nightclub in north Goa.
However, the state-run oil marketing company a couple of months back had re-phased the project comprising the refinery and a petro-chemical complex in view of escalating cost. Both the refinery and the petro-chemical complex at Paradeep were earlier estimated to cost Rs 26,000 crore (Rs 260 billion). But the cost has now gone up to about Rs 45,000 crore (Rs 450 billion).
The airport issued a notice to airmen on Tuesday to alert airlines that its flight operations will be suspended from 11 pm to 5 am on Thursday.
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The multi-product SEZ will bring in more than Rs 2.11 lakh crore of net foreign exchange in 30 years.
Photos that will make you forget everything you thought you knew about the state.
Only 21 out of the 2,200 odd families, engaged in betel vines cultivation there, have applied for compensation by February 10, the deadline set by the district administration of Jagatsinghpur.
Tata and L&T's upcoming Dhamra Port is already taking away business.
The company has obtained the stage-I forest clearance from the Union Ministry of Environment and Forests. Subject to fulfilment of the stage-I conditions in terms of mitigation measures, steps will be taken for the next stage of approval, said official sources.
The public sector oil company aims to rationalize its operations across the country and has decided to close the very old and small depots on grounds of safety. Meanwhile, the company has decided to set up a modern depot at Jharsuguda in western Orissa at an investment of about Rs 100 crore (RS 1 billion). The proposed depot would have the capacity of around 60,000 kilo litre.
The Supreme Court on Friday cleared South Korean steel major Posco's plans to set up a Rs 51,000 crore (Rs 510 billion) mega steel plant and captive minor port in Paradeep, Orissa.A special environmental bench headed by Chief Justice K G Balakrishnan allowed Posco India Pvt Ltd, a subsidiary of Korea-based Posco, to go ahead with the project, for which an agreement was signed with Orissa government on June 22, 2005.
The government has divested stakes in 33 units including 22 hotels of ITC and Hotel Corporation of India since 1999-2000, and there has been an improvement in the performance of most public sector undertakings after divestment.\n\n\n\n
Oil and Natural Gas Corporation has made five oil and gas finds in eastern offshore and north-east, the most significant being a gas discovery in the Mahanadi basin block where 3-4 trillion cubic feet of gas reserves have already been established.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
The 1986 batch Odisha cadre IPS officer has been described as a competent officer and is known for his acumen in handling disasters.
This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
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By the end of 2020, India will lay 32,737 km across the length and breadth of the country. It needs to lay down and comply with strict safety standards especially since some of these pipes will go through areas of dense habitation, says Rashme Sehgal.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
