Anonymous sources
Hindu Business Line
IDPL revival: DoP considering Cabinet nod - Hindu Business Line
“A draft Cabinet note, that has been prepared based on the revival plan submitted by the IDPL, including its Hyderabad plant, is under consideration in the department,” a source said. The details of the revival plan, however, could not be ascertained.
Govt may raise FDI cap for cable operators - Hindu Business Line
A senior executive with the cable company who did not wish to be identified said that the increase in FDI will help the industry raise capital for digitisation as large amount of investments are required for the digitisation process.
Ultra mega steel plants remain a non-starter - Hindu Business Line
PTI Little progress is made on the proposal to set up ultra mega steel plants as land acquisition and allocation of iron ore mines remain big problem areas, a government official said here today. “Land acquisition is the biggest problem, ...
Nagarjuna Oil's Cuddalore refinery may be commissioned early next year - Hindu Business Line
The loss due to the cyclone was only around Rs 60 crore but it took away 'crucial time' and delayed the plant's commissioning, said a senior company official who did not want to be identified. However, the company managed to rectify the damages and is ...
DMRC to make project report for Nagpur Metro - Hindu Business Line
“Though a period of nearly six months has been assigned for the preparation of the DPR, it may take the DMRC nearly four months to complete the report,” a senior government official said. Officials said that the Nagpur metro will have two lines with a ...
Is Aditya Birla Group closing in on Living Media? - Hindu Business Line
The Aditya Birla Group is close to finalising its deal to buy a stake in Living Media, which is the parent company of TV Today, sources close to the development said. Sources said that the deal is expected to be inked between the two companies within ...
Triumph targets Hero, Bajaj with 125cc model - Hindu Business Line
They had talked about plans for a cheaper, 125cc model, which may be built in India by next year,” a person close to the development said. Triumph Motorcycles, however, did not respond to e-mail queries. At present, the smallest bike in its portfolio ...
TN to adopt Danish mid-sea processing tech for fishing - Hindu Business Line
The ships could cost around Rs 80 crore, with plans to deploy one in Bay of Bengal and the other in the Indian Ocean, according to a senior official in the Fisheries Department who did not want to be identified. A set of baby vessels will also be ...
Govt told to re-do arms procurement norms - Hindu Business Line
That's the reason for inviting the three chiefs along with the Defence Secretary for a presentation on the issue,” the member said on the condition of anonymity. The Defence Secretary told the panel that recently six firms — Singapore Technologies, ...
Govt offices in Karnataka to go green - Hindu Business Line
As part of the process of implementation of the Energy Conservation Building Code (ECBC), all government buildings will be modified to be energy efficient, a government official said. The government of Karnataka will work with the Bureau of Energy ...
Airtel likely to launch 4G services tomorrow - Hindu Business Line
The company was planning to launch this service in March but it got delayed because of the Minister's busy schedule during Parliament session, the source said. Airtel has roped in Chinese telecom equipment maker ZTE to plan, design, supply and deploy ...
New India premium collection at Rs 10000 cr - Hindu Business Line
“We have reached Rs 10000 crore premium collection in the last fiscal year on the back of sound growth in both domestic and international business,” the official told PTI on the condition of anonymity. As per the Insurance Regulatory and Development ...
Export quota divides sugar mills in North, South - Hindu Business Line
According to an industry representative who did not want to be identified, the South Indian Sugar Mills Association represented its views to the Union Food Ministry last week. In 2010-11 when sugar exports resumed after a couple of years break, ...
Fish seller gets calls of help, funds - Hindu Business Line
Another reader, who insisted on anonymity, wanted to send in Rs 3000 right away with offer of more from friends and relatives. He wanted to credit Pushpa's account directly. Only, she didn't have one. When told about this, Pushpa rushed to the branch ...
Damp squib for IT industry - Hindu Business Line
You tell me what was there for the industry, which is worth mentioning,” said an official of a large Indian software company who did not wish to be identified. The industry had a long list for the Finance Minister as it was marching towards achieving ...
Triumph Motors to set up bike assembly plant in Karnataka - Hindu Business Line
Triumph signed a memorandum of understanding with the Karnataka Government about a month back, an official close to the development told Business Line. One of the pre-requisites for the location had been proximity to a port for both importing ...
Blame social networking for falling employee productivity - Hindu Business Line
There is no Internet access in development centres for security reasons, bugs and other threats,” said an official of a Chennai-based software company who did not wish to be identified. So if employees are wasting time instead of working, ...
Infosys inks deal with Glaxo for digital marketing - Hindu Business Line
An analyst who did not want to be identified said such a large deal will help Infosys catch up with its competitors such as Wipro, TCS and Cognizant which already have some exposure to this domain and have bagged some projects as well in the US and ...
20 bidders evince interest in Fidelity Investments India - Hindu Business Line
Twenty bidders have shown interest in purchasing Fidelity Investments India, said a source close to the development. Of those who have submitted their request for proposal document, only two would be finalised, said the source.
Guarseed & gum soar, but traders have no clue why - Hindu Business Line
In fact, no one know and maybe, there is too much of speculation,” said an exporter who did not wish to be identified. Prices of guarseed, which increased 290.85 per cent last year, have nearly trebled since the beginning of the year.
Cabinet allows PSUs to buy back shares - Hindu Business Line
“The reduction in P and K fertilisers are expected to bring down its total subsidy bill by 20 per cent in the next fiscal,” a senior government official said. The subsidy bill of P and K fertilisers alone is seen to touch Rs 52000 crore this fiscal, ...
Okays changes to Motor Vehicle Act, drops plan for import duty on power equipment - Hindu Business Line
“The reduction in P and K fertilisers are expected to bring down its total subsidy bill by 20 per cent in the next fiscal,” a senior government official said. The subsidy bill of P and K fertilisers alone is seen to touch Rs 52000 crore this fiscal, ...
Europe worried over spread of Bt cotton in India - Hindu Business Line
In these circumstances, GMOs and mere non-GMO products could put Indian exports under pressure,” said a global consultant who did not wish to be identified. Home varieties wilt : A file photo of Mahyco's Bt . cotton raised by South India.
Carrefour to expand in North; enter Agra, Meerut - Hindu Business Line
The two stores will be smaller than the Delhi store,” a person close to the development said. In December 2010, Carrefour had set up its maiden outlet in Delhi's Seelampur area. The 56000 sq. ft. store houses over 10000 stock keeping units Carrefour ...
Fertiliser subsidies for 2012-13 may top Rs 60000 crore - Hindu Business Line
So, it can be said that the provision for 2012-13 could be around Rs 60000-62000 crore,” a person close to the development said. At present, the fertiliser market comprises two key product types — urea and NPK (nitrogen-phosphorous-potash) — produced ...