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Business Standard
Uttarakhand finds new star hotel investor amid flops - Business Standard
A government nod to this effect has already been given by principal secretary revenue PC Sharma, a government official said. The company is expected to invest Rs 100-200 crore in the five-star hotel. Interestingly, Sir Biotech India's plan to set up a ...
Sahara transfers part of OFCD funds to cooperative society - Business Standard
According to the second official, who did not wish to be identified, the company has enrolled most investors under the recurring deposit schemes of OFCDs as members of the cooperative, by paying a fee of Rs 5. Each branch office of Sahara has been ...
NHAI for realty development to attract expressway bids - Business Standard
It would require incentives to attract private participation,” said the official, who did not want to be identified. The UP government has announced plans to build expressways across the state. Their developers get a longer concession period and ...
MFIs' Andhra loans recast plan likely to be delayed - Business Standard
There is a possibility that it could be delayed for a long time,” said an industry player, who requested anonymity because of the sensitivity of the issue. Another microfinance official confirmed the development. “The state government wants ...
PSUs cut Brent crude oil imports - Business Standard
Only a few private refiners have the sophisticated technology in the refineries to process entirely either light crude (Brent) or heavy crude (Dubai crude variety),” said an official of a major PSU oil refiner, on the condition of anonymity. ...
Co-op sugar units, farmer bodies at loggerheads - Business Standard
A senior state government official, who did not want to be identified, told Business Standard, “The chief minister-led committee has asked cooperative mills not to pay in excess of the FRP as first advance, with a view to avoid unnecessary competition ...
'Facebook phone' for Vodafone users - Business Standard
The partnership, according to sources close to the development, is expected to bring affordable pre-paid and post-paid data plans to allow users to surf, upload pictures, update status messages and chat with their Facebook friends. ...
Firstsource plans to sell US-based MedAssist - Business Standard
Two sources close to the development say the MedAssist sale is on the agenda as the management has been thinking of getting cash to invest in other growth activities. Firstsource had raised $275 million by issuing foreign currency convertible bonds ...
K'taka welcomes SC directive on releasing iron ore - Business Standard
Both the officials, however, refused to be identified as the matter was subjudice. Besides releasing the stocks, the CEC had also recommended that iron ore from Karnataka's mines will not be exported, and lease-wise and grade-wise reserve price for ...
Single-till model burdens consumer the least: AERA - Business Standard
Passengers will be least burdened in the single-till model and this is the best model for the industry,” said a senior AERA official, who did not want to be identified. He said, had they calculated the user development fee (UDF) for international ...
Late rainfall affects sowing, grain output in Maharashtra - Business Standard
A senior officer, who did not want to be identified, told Business Standard: “These are first estimates and the reduction in kharif foodgrain is largely due to the late arrival of rain, especially in parts of Marathwada and Vidarbha. ...
AT&T's Stephenson is backed into corner on T-Mobile - Business Standard
He has no choice," said a source close to AT&T who described the deal as a "career-defining move." After spending years watching predecessor Ed Whitacre acquire BellSouth, SBC and others to earn a reputation as the telecom industry's most renowned ...
Airlines on a pilot recruitment overdrive - Business Standard
“On an average, IndiGo pilots fly for 70 hours/month, but at times this stretches to 80 hours,” a source said. SpiceJet chief commercial officer Samyukth Sridharan said the company has placed firm orders for 15 Bombardier Q400s. “These will be ...
A rocky road for Hindustan Motors - Business Standard
The balance sheet shows the situation has not changed, if not worsened,” a government official said. His reference was to the company's earnings of Rs 47.63 crore from selling of land in Gujarat's Halol, which enabled HM to register a net profit of Rs ...
NHAI expects dip in bid premia on NHDP IV contracts - Business Standard
These projects will not attract the same kind of interest like the ones awarded earlier,” said a senior NHAI official, who did not want to be identified. He said the projects that had attracted lot of premium were all for converting four-lane stretches ...
NHAI expects dip in bid premia on reamining contracts this year - Business Standard
These projects will not attract the same kind of interest like the ones awarded earlier,” said a senior NHAI official, who did not want to be identified. He said the projects that had attracted lot of premium were all for converting four-lane stretches ...
Mega plan for Navi Mumbai airport connectivity - Business Standard
The plan is being revised to connect Ghatkopar-Mankhurd, a government official said. Rahul Asthana, metropolitan commissioner, overseeing the metro and trans-harbour sea link project, said the Ghatkopar-Mankhurd metro was being discussed. ...
Who's the smartest of 'em all? - Business Standard
“The company needs to strengthen its positioning to keep the brand alive and relevant,” adds a brand expert who chose to remain anonymous. Agrees Yezdi Nagporewalla, executive director, KPMG, “The A2 segment in the Indian automobile market is estimated ...
ATC wing to operate as AAI's fully-owned subsidiary - Business Standard
We may allow it to function as a separate company at a later stage, maybe in around eight years,” said a senior ministry official, who did not want to be identified. AAI wanted the new subsidiary to function as its subsidiary, as ATC operations account ...
Maharashtra to give guarantees for pre-seasonal loans to 18 sugar co-ops - Business Standard
A senior minister, who did not want to be identified, told Business Standard: “The cabinet decided to provide its consent for government guarantee to bail out 18 mills who had participated in the crushing season 2010-11, but would fail to do so in ...
Maharashtra mulls ordinance to give more teeth to Lokayukta - Business Standard
A Congress minister, who did not want to be identified, said, “Powers delegated to the Lokayukta in Maharashtra are not wide ranging when compared with Gujarat, Madhya Pradesh and Karnataka. The Lokayukta has no powers to look into the complaint ...
Delhi airport cost overrun likely to get nod - Business Standard
So, since the developer has made the investment, the escalation has to be approved and ADF adjusted,” said a senior AERA official, who did not want to be identified. To ascertain the reason behind escalation, AERA had tasked public sector Engineers ...
JSW refinances Rs 6000-cr Ispat debt - Business Standard
A source close to the development confirmed the new average interest rate for the refinance is 11.75 per cent, lower than the earlier rates. The lead bankers for this term loan are Bank of India, Canara Bank and Punjab National Bank. ...
Citigroup's Sutesh Sharma may quit to begin his own hedge fund - Business Standard
Sharma, 48, has held discussions with potential investors about raising money for his own firm, said the people, who asked not to be identified because the information is private. Sharma, who's based in London and leads the bank's Principal Strategies ...
PowerMin says viability of discoms at stake - Business Standard
A ministry official, who did not want to be identified, told Business Standard, “The power secretary made a detailed presentation on the present state of distribution reforms to the Forum of Regulators (FoR) at its recent meeting. ...