Air Costa, Andhra Pradesh's first regional airline promoted by the LEPL group, will launch its commercial operations from October 14, its Chairman L Ramesh said.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
Short-circuited by the lacklusture performance of electricity sector, the industry recorded a marginal slowdown in growth at 6.2 per cent in May this year compared to 6.4 per cent recorded in the comparable month of 2003.
According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes.
Expressing confidence that the growing Indian economy would drive aluminium consumption, the Aluminium Association of India on Monday said it had targetted automobiles, power sector and the packaging industry to boost growth.
In an effort to promote the power sector, the government would soon announce a series of policy measures including a national electricity policy, a top official said on Wednesday.
Freight rates for 12 commodities hiked.
PSUs will get direct allotment.
During his stay, India and South Africa will sign four accords relating to extradition, mutual legal assistance and cooperation in power sector and culture.
Orissa could be on the cusp of a new era of industrialisation with the state government considering proposals for Rs 122,000 crore (Rs 1,220 billion) in investments, mainly in steel, alumina and power sectors, official sources said.
he 2014 electoral verdict has bolstered investor confidence and raised hopes of economic revival, apex banks says in its monthly Bulletin
The move is part of a larger initiative by the government to speed up work in the highway sector.
The N K Singh task force on power sector reforms has proposed wide-ranging fiscal measures, including cut in customs duty, abolition of special ad valorem duty and tax holiday to step up investments in a bid to bring down tariffs.
As part of its 'Mission 2010,' the cooperative enterprise has drawn up Rs 3,000 crore (Rs 30 billion) investment plan to expand its production capacity and grow inorganically by foraying into commercial banking and power sector.
The Telangana government will be embarking on a week long celebration from Tuesday to observe its Formation Day.
At least five private companies have committed huge investments.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
In a bid to diversify its product portfolio, National Thermal Power Corporation plans to enter into new areas like power distribution and electricity supply besides consolidating its presence in hydel power sector.
India's power sector is looking up with as many as 11 state electricity boards having reported reduction in losses during the last two years and the public-sector companies increasing their recoveries
The development of the Rih-Tiddim road and establishment of numerous rural "haat" (flee markets) along the Mizoram-Myanmar border would also increase the trade volume, Modi said while addressing a public meeting at the Assam Rifles ground here after inaugurating the 60-MW Tuirial hydro-electric power project.
Rolls-Royce said on Wednesday it aimed to exploit the burgeoning gas market and expand its overall presence in India through the launch of its new gas engine in Mumbai.
The output, as measured by the Index of Industrial Production, had contracted by 2.5 per cent in the same month of last year.
Divestment Commission on Tuesday recommended the sale of 49 per cent government equity in Power Finance Corporation to a minority partner.
The broader markets closed in tandem with their large counter parts- BSE Midcap and Smallcap indices lost 0.065 and 0.10%, each.
Tarun Shah, the CEO of share broking house Sharekhan, sees great potential for investment in power and pharmaceutical sectors.\n\n\n\n
Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services, tells Sheetal Agarwal key trends in this earnings season and investment themes in Indian markets.
Striking another major deal in less than four months, Adani Power on Mondayentered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.
In a major step to reform the power sector, the much-delayed Electricity Bill was approved by Parliament after Rajya Sabha passed it on Monday incorporating several recommendations of the Parliamentary standing committee.
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