Behind every successful promoter is a strong second-in-command, who has been instrumental to success.
In a chat with Raghavendra Kamath, the group's co-founder and managing director, Niranjan Hiranandani, talks about the company's plans and the property market in the country.
BSES entities BRPL (BSES Rajdhani Power Limited) and BYPL (BSES Yamuna Power Limited) supply electricity to around 12 lakh and 16 lakh customers respectively.
State-run power sector lenders Power Finance Corp and Rural Electrification Corp are mulling a foray into the banking space, a move that would foster greater competition in infrastructure funding.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
While some equity analysts have raised target prices for public sector banks, others remain cautious
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
Considering double-digit peak and normal power deficit, and the industry seeks direct and indirect tax incentives to facilitate acceleration in the pace of capacity additions.
Says along with setting up the industry if value addition is done locally, it can create more direct and indirect employment.
The Planning Commission on Monday set targets to augment the country's infrastructure this fiscal, including adding 20,359 MW of power generation capacity and 2,500 km of highways, its Deputy Chairman Montek Singh Ahluwalia said.
Manufacturing sector suffers from project delays, lack of fresh capital.
From micro wind turbines to rice husk, low-cost solutions are being tested to drive the huge market hunger for energy.
Declaring that he has no ambition of becoming prime minister, Pawar is holding Rahul Gandhi's hand, reassuring Mayawati and reaching out to Mamata Banerjee, reports Aditi Phadnis.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
Their coal block bids may be referred to CCI.
During his 15-year-tenure in the office, Chouhan transformed himself from being a shy, simple and vulnerable politician to a wily leader with mass appeal.
In 11 out of 29 coal mines successfully e-auctioned, a number of qualified bidders in the e-auction stage were from the same company/parent subsidiary company coalition/joint venture, CAG said.
The group has already announced plan to invest $50 billion in power, realty, auto, healthcare and oil and gas projects in India, whose appetite for infrastructure funds is pegged at about $500 billion over the next four-five years.
Fresh power capacity addition has fallen short of target by nearly a third in the first half (April-September) of the current fiscal, owing to delays in the supply of critical components in thermal projects, delayed forest clearances and non-availability of fuel for a nuclear power project.
Market players say the government is likely to attempt, at least, one big-ticket sale this month.
The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
Coal-based generators plan upgrades, clean tech over 5 years.
Last week, we discussed airline bloopers and invited readers to share their air travel stories with us. Here, reader and frequent flier Krati Dhoot shares one of his experiences.
Digital India and Make in India (initiatives) are designed to give special boost to manufacturing and India has huge potential in these areas.
Under a third of the target for power generating capacity in 2008-09 was met. What's worse is that just better management could have fixed things, says Mahesh Vyas.
The two sides signed three agreements to boost cooperation in power, banking and insurance sectors besides deciding to step up ties in areas of oil and gas, agriculture, renewable energy and health care.
Considering the government's promise of electricity for all by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore (Rs 70 billion)for RGGVY and Rs 2,080 crore (Rs 20.8 billion) for the RAPDRP programme, Indian Electrical and Electronics Manufacturers Association, said. IEEMA welcomes the continuation of reforms, abolition of the fringe benefit tax and proposed introduction of GST on April 1, 2010.
The pro-united Andhra employees on Thursday decided to temporarily suspend their agitation following an assurance from Chief Minister N Kiran Kumar Reddy on rules governing their service among others.
The Kalyani Group's flagship company Bharat Forge is planning to make a big foray into the power sector with an investment of up to Rs 50,000 crore (Rs 500 billion) and a targeted generation capacity of up to 10,000 MW, over the next ten years.
Sectoral cyber security teams to be set up to curb attacks, cyber coordination centre likely be set up in New Delhi by June.
While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
Coal India was the biggest gainer on both Sensex and Nifty
The attack, worth over Rs 50,000 crore ($10 billion), has been in the works for quite some time but actually began in July last year, when the Revised Accelerated Power Development and Reform Programme was approved by the Cabinet. Given the problems that were faced by the original APDRP programme, the focus this time around is on 'actual demonstrable performance in terms of sustained loss reduction'.
India has a huge infrastructure problem and the solution so far appears to be to throw more money at the problem, without much effort to fix the core issues, says Sunil Jain.
"We are looking at an investment of several million dollars or up to a billion in the coming years, depending on how India's government allows commercialisation of the nuclear power sector," said Dennis Hays, vice-president of Thorium Power. The investments and areas of operation can be in various technologies, manpower training, fuel processing, and operation & maintenance of power plants in the nuclear sector, he added.
In the midst of the high-octane legal battle between the two Ambani brothers over gas supply from KG-D6 fields, the Planning Commission said on Thursday that it is not concerned about the outcome of the dispute, but only wanted to promote the use of the fuel for the power and fertilizer sectors.
Reduction in excise duty on naphtha to lead to lower electricity costs for generation companies using this fuel as replacement for gas.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
The Anil Agarwal promoted Vedanta Aluminium (VAL) plans to invest a whopping Rs 60,000 crore in aluminium, alumina and power sector in Orissa by 2013.
"The Congress has failed despite ruling for so many years," she said.
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