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Business Standard
Worli-Haji sea link project faces further delay - Business Standard
MSRDC official, who did not want to be identified told Business Standard “The company is yet to move further on the project development. There was no provision of providing space for a concession agreement. Instead of the state government, ...
High cotton price demand hurts Maharashtra govt - Business Standard
A Congress party minister, who did not want to be identified, said, “They will be paid about Rs 1500-2000 per hectare above the MSP.” Even this, he said, would mean a Rs 800-1000 crore hit in the current financial year on the state treasury. ...
Infra development set to get a boost - Business Standard
Presently, there is no such fund in Karnataka and if the proposed bill is passed in the coming session, the state would emulate its neighbouring state of Andhra Pradesh,” a government official said. Khatri said the infrastructure development department ...
Lanco to close deal on hiking coal prices at Oz mine - Business Standard
PTI / Hyderabad November 28, 2011, 10:16 IST Lanco Infratech-owned Griffin Coal's threat to halt coal supply to the Bluewaters Power Station in Western Australia unless prices are revised upward seems to have worked, with sources close to the ...
Co-op banking needs revamp, despite rising credit flow, says Nabard - Business Standard
India's first emu processing unit to come up in AP A Nabard official, who did not want to be identified, told Business Standard: "Out of 56 DCCBs, the biggest problem is in Uttar Pradesh, with 23 DCCBs being non-compliant with Section 11 (for ...
But limit realty exposure - Business Standard
An analyst with a foreign brokerage who did not wish to be identified says, “Indiabulls Real Estate has failed to generate any cash flow earnings and most of its net asset value lies with its power venture, where it will take time before any concrete ...
Policy for PPP in energy on anvil - Business Standard
The Karnataka government is planning an integrated energy policy soon which will deal with promoting public-private partnership projects in the energy sector, a senior government official said. “With a target of adding 10000 Mw in the next eight years, ...
Pakistan army on board trade liberalisation with India - Business Standard
A card-carrying member of Pakistan's elite with close Army links said on the condition of anonymity, “The Pakistani army has watched, with some concern, as Pakistan's macro-economic indicators have dropped and India has managed to sustain its economic ...
Surveillance over DoT stepped up ahead of 2G scam - Business Standard
To that, a government official said, telecom is among those ministries that undergo preventive vigilance. “But these were different times with different requirements perhaps,” he said referring to DoT and its commercial deals bearing the brunt of the ...
Centre mediates on tax incentives - Business Standard
Already, several rounds of talks have been held at New Delhi, said a top government official on the condition of anonymity. During the past few years, Punjab and some other states have been opposing the concessional industrial packages given to some ...
Industry divided over new nuclear liability rules - Business Standard
On the other hand, a CPM leader, who did not want to be identified, attacked the government for violating the spirit of the law. He said they would not spare the government on this. The state-run Nuclear Power Corporation (NPC), engaged in increasing ...
Arab League to Suspend Syria - Business Standard
"They don't want some sort of a blank check that is given to the Security Council to try to take this issue in hand," said one Arab diplomat involved in the negotiations, who spoke on the condition of anonymity because of diplomatic concerns. ...
Maharashtra govt presses Centre to allow liberal sugar export under OGL - Business Standard
A senior minister, who did not want to be identified, told Business Standard: “Even after four mt for food security, a huge balance quantity (after meeting domestic demand) of 5.7 mt would remain with the industry, the share of Maharashtra being 3.4 mt ...
Markets trade on a soft note - Business Standard
Though the British exploration major has not yet decided on how much it wants to sell in the company, a person close to the development said the parent may completely exit the venture if it gets a good valuation. Opto Circuits is trading higher by 2% ...
BG to divest Gujarat Gas stake - Business Standard
Though the British exploration major has not yet decided on how much it wants to sell in the company, a person close to the development said the parent may completely exit the venture if it gets a good valuation. BG Group holds 65.12 per cent stake in ...
Stage set for Lavasa prosecution - Business Standard
A senior state government official, who did not want to be identified, said the government would have to initiate criminal proceedings at Pune as the project is located in that district. “The action will be taken as per the letter addressed by the ...
Shell, Total to expand Hazira LNG capacity - Business Standard
Said a Shell executive, who asked not to be named, on the expansion plan: “This decision is based on market requirement and, consequently, we have decided to expand. In any case, this terminal was for five mt capacity. So, it is a very logical step. ...
PowerGrid plans to go global - Business Standard
PowerGrid official, who did not want to be identified, told Business Standard: “We have already written to the government of India conveying our desire to be developer and investors in laying the associated transmission lines through joint venture ...
Uncertainty looms over real estate projects in the city - Business Standard
A research analyst from an international brokerage who did not wish to be identified said, “The real estate market in Kolkata is still in a very nascent stage but prices have started to escalated and both Unitech and DLF who have projects in the city ...
NMDC to buy four more iron ore assets abroad - Business Standard
"The company board is likely to meet this week to take a final call [on these properties]," said a source close to the development. Of these, two properties --an iron ore mine and a phosphate mine -- are in Australia, while the third one is an iron ore ...
Uttarakhand launches free PPP coaching - Business Standard
These schools will provide free residential education to the selected students, a government official said. These decisions were taken at a recent meeting where Chief Secretary Subhash Kumar reviewed the progress of PPP projects being undertaken in the ...
Focus on core business, centre tells banks - Business Standard
Hence, banks are advised to stay away from any new business initiatives which would require substantial capital,” said a source, on the condition of anonymity. The government advisory follows rating agency Moody's downgrading State Bank of India (SBI), ...
FDI shadow on India-US bilateral treaty talks - Business Standard
Access to India's insurance market was a particular concern for US firms, according to some persons present at the briefing, who spoke on the condition of anonymity, as the event was closed to the media. The briefing was attended by several dozen ...
AP fast-tracks borrowings to offset revenue shortfall - Business Standard
For example, we lost Rs 75 crore of sales tax from Singareni Collieries due to stoppage of coal production,” a senior government official said. The state government had targeted Rs 59957 crore tax revenues for 2011-12 and growth in revenues especially ...
Plan panel to review road contract models - Business Standard
“As the earlier review did not reach any conclusion, we have started another, to decide what is better,” said a senior Commission official, who did not want to be identified. He said the review would mainly focus on cost benefits, to find the cheaper ...