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Business Standard
Air navigation service to be a new firm from Apr - Business Standard
But a decision is yet to be taken on whether it will function as a separate company or AAI's subsidiary,” said a senior AAI official, who did not want to be identified. AAI would like the company to operate as a subsidiary in order to make sure that ...
Prasad sells 40% stake in Vanpic to Navayuga - Business Standard
Commenting on the development, a senior government official said the arrangement between Navayuga and Vanpic was discussed when YS Rajasekhara Reddy was the chief minister. Interestingly, even while one of the ministers in the state Cabinet has named ...
Area sown under coarse cereals, pulses shrinks - Business Standard
“Pulses sowing can continue even in August and we are hopeful of making up for the deficiency in the coming days,” a senior government official said. Sowing of coarse cereals, which include maize, jowar (sorghum), bajra (pearl millet), ragi and small ...
States urged to use satellite imagery to curb illegal mining - Business Standard
An official at the ministry of mines, who did not wish to be identified, told Business Standard, "A working group has come out with a slew of suggestions to address the issue of illegal mining. Up to September 2010, the state governments detected 43317 ...
In a first, NHAI's premium income to exceed project cost - Business Standard
This is the first time we have bid out a project on a premium that will return more than the project cost,” said a senior NHAI official, who did not want to be identified. NHAI got premium on a few other projects though it had not expected so. ...
Under attack, Chavan convenes state security council meet today - Business Standard
The government will discuss the modalities on the implementation of a slew of recommendations made by sub-groups appointed by the council," a home ministry official, who did not want to be identified, told Business Standard. ...
HPCL grounds Kingfisher flights over jet fuel dues - Business Standard
“We resumed supply after the airline made a partial repayment,” said an HPCL official, who did not want to be identified. Member of Parliament (Rajya Sabha) Bharat Kumar Raut said he boarded the IT 318 Delhi-Bombay flight which was supposed to depart ...
Highway projects to open up Rs 42K-cr infra biz - Business Standard
“In road building, 70 per cent is used in buying raw material, around 20 per cent goes in labour cost and the rest goes into machines,” said a World Bank official, who did not want to be identified. The official added that this was also bound to ...
Pragmatic revision in AI turnaround targets - Business Standard
This figure seems more realistic, as the airline is clocking a load factor in the mid-60s,” said a government official, who did not want to be identified. He said the revision was made considering the current high oil price. The airline is demanding an ...
Sanjiv Goenka all set to make luxury retail debut - Business Standard
Four to five have been signed on, which includes Canali and Gucci,” an official close to the development said. Canali, an Italian luxury brand for men, is represented by Genesis Colors in India. The latter also handles Bottega Veneta, ...
Maharashtra's draft textile policy estimates investment up to Rs 37000 cr - Business Standard
A senior Congress minister, who did not want to be identified, told Business Standard, "The government plans to keep a cap of 12.5 per cent wherein an interest subsidy up to that level will be provided to a developer of the spinning mills, ...
US concerned over domestic content requirements in India's solar sector - Business Standard
A US trade official who asked not to be named told Business Standard that the United States Trade Representative's office has recently submitted comments to the government of India expressing its concerns about the “trade-restrictive domestic content ...
Giving home ministry to NCP was a mistake: Chavan - Business Standard
An NCP minister, who did not want to be identified, told Business Standard: “Chavan's statement was uncalled for at this juncture, especially when the police and other investigating agencies are carrying out investigations into the three bomb blasts. ...
States to discuss Land Titling Bill - Business Standard
Though there is a system for recording rural land titles through khasra and khatauni and girdawari, there is no such system prevalent in the urban areas,” A Maharashtra government official, who did not want to be identified, told Business Standard. ...
Has India's Met Dept failed us? - Business Standard
The US has refused to give their technology,” says an official on the condition of anonymity. Last year, objections were raised by the Indian Air Force over the use of Chinese Doppler radars in Mumbai and more recently in Goa. ...
NHAI seeks to bypass green nod for land - Business Standard
We go for environment approval for all land we acquire, but land with environment issues requires more approvals,” said a senior NHAI official, who did not want to be identified. State administrations are responsible for acquiring land for road ...
Madras Cements in talks to sell unit for Rs 350 crore - Business Standard
Madras Cements, the flagship company of the Ramco Group, is looking to sell the unit for about Rs 350 crore, the newspaper said quoting sources briefed on the matter. "We have been approached by a number of cement manufacturers to sell the grinding ...
Hussain Dalwai gets RS ticket on Congress' 'compromise' formula - Business Standard
A senior Congress minister and a party executive member, who did not want to be identified, told Business Standard: “Dalwai's name came in the last minute as a compromise candidate. Ahmad Patel, political secretary to the Congress president, ...
Core Projects likely to buy Rs 350-cr Andheri property - Business Standard
The deal could be worth Rs 350 crore in value, said sources close to the development. If this deal concludes, it could become one of the largest office space sale transactions in Mumbai this year. US banking major Citibank has reportedly bought 300000 ...
Big brands in fray to bond with Khadi - Business Standard
Besides, three Mumbai-based retailers have given a joint expression of interest (EoI) for the public-private partnership with the Khadi Bhawans, officials told Business Standard on the condition of anonymity. Delhi-based Sushila Khadi GramUdyog, ...
Rs 13000 cr of cement projects deferred - Business Standard
An analyst from an international brokerage who did not wish to be identified said, “The present capacity utilisation levels are not above 70 per cent and if they can't run their existing capacities at full levels, why would they bother to bring in new ...
Cabinet okay for BHEL divestment next week - Business Standard
The approval is likely to come by next week,” a person close to the development said. The divestment of BHEL is expected to raise about Rs 4500 crore and the government's stake would then reduce to 62.72 per cent from the current 67.72 per cent. ...
UP ranked among the best states in grain production - Business Standard
“It took massive initiatives in inter-cropping of pulses especially urad with sugarcane, jowar and bajra and expanded the area under hybrid maize,” a senior government official said. “The state also took great strides in improving the area under pulses ...
Maharashtra co-op sugar firms receive bitter I-T pill - Business Standard
Chairman of a sugar mill from the sugarcane-rich western Maharashtra, who did not want to be identified, said, “The industry is not having funds to make the payment of taxes. The money has already been passed down to cane growers. ...
High-speed trading, low-speed start - Business Standard
We are caught in the crossfire,” says a broker who did not want to be identified. With uncertainty reigning supreme, he said many brokers are not yet building capacities. “Recently, a domestic institutional broker approached a large foreign institution ...