11843 stories by IPA Staff
Vedanta to buy aluminium firm in Odisha for Rs 1,811 crore
MUMBAI/BHUBANESWAR: Anil Agarwal of Vedanta has found an ally in Larsen & Tourbo (L&T) to bail himself out of the raw material crisis ailing his flagship Odisha aluminium project. The London-listed Vedanta, promoted by Agarwal, has entered into a tripartite agreement with L&T and its partner Dubai Aluminium Company...
Rs 1.5 Lakh Crore Loan Recast For Power Distribution Companies
NEW DELHI: In one of the biggest-ever restructuring exercise, the Centre has agreed to a loan relief for ailing power distribution companies (discoms) but is insisting that state governments and the utilities take over the entire burden of Rs 1.5 lakh crore, instead of banks taking over half the...
GAIL May Become Partner In TAPI Gas Pipeline Project
NEW DELHI: GAIL (India) may take equity participation in the consortium mandated to construct the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline project, which will transport gas fromTurkmenistan. Sources privy to the development said the Government-to-Government agreement allowsIndiato become a partner in the consortium, if so desired. The road-show to invite players...
Indian Navy Ships In China Next Week
In a sign of renewed momentum in bilateral ties, four Indian Navy ships will be docking inShanghainext week on a goodwill visit, a key step to building trust in the maritime domain asIndiaandChinaThursday decided to fastrack crucial dialogues on Central Asia, West Asia andAfrica. A day after Indian External...
Manmohan’s Personal Integrity Is Not In Doubt
By Harihar Swarup Whatever may be failings of Prime Minister Manmohan Singh, it would be grossly unfair to call him corrupt. Anna Hazare persistently called him a clean leader even as his team member Arvind Kejriwal was dubbing the Prime Minister as corrupt. One does not know what happened...
ONGC Must Inject More Vision In CSR
By Surojit Mahalanobis NEW DELHI: ONGC is expected to earmark Rs 502 crore from its profit after tax (PAT) during 2011-2012 for its corporate social responsibility (CSR) for 2012-2013. This fund would be added to the carried forward money unutilized in previous years. Altogether it should create a...
Missing Political Will And Bureaucratic Hurdles
By Nantoo Banerjee Who says India needs immediate policy changes and fresh financial reforms to pep up its economy? The slow-down in the country’s economic growth and falling industrial production in the last three years have nothing to do with policy constraints, if any. They are not due to...
Pressured Upa-II Puts Itself On A Recovery Mode
By S. Sethuraman UPA-II may have at last reached a turning point – recognising its own follies thus far and resolving to provide a new burst of efficient governance and result-oriented growth reforms to merit a third term in 2014. It is proximity to the critical survival test ahead...
Right To Privacy
By Garga Chatterjee Abhishek Manu Singhvi wants to be forgotten, but not in the way his party is forgetting him, by removing this articulate Cantabrigian from its list of people entrusted to talk to the electronic media. His name seems to have disappeared from the official Indira Congress website....
Anil Ambani eyes Biyani's general insurance venture
MUMBAI: After Future Capital, Kishore Biyani is getting ready to unlock value in his general insurance joint arm. According to three independent sources, Reliance General Insurance, the non-life insurance arm of the Anil Ambani-led Reliance Capital, has initiated talks with Biyani on a potential merger between Reliance General and Future...
Opposition To Pension Bill In Cabinet Meeting
By IRL Correspondent NEW DELHI: The business newspapers of the country as well as the mainline dailies may have gone hammer and tongue at the Trinamool Congress and its leader Mamata Banerjee for postponing the discussion on the Pension Bill at the union cabinet meeting on June 7, but...
China, India & The Us Jostle For Space In Asian Waters
Over the last few decades, the importance of maritime security in the Asia-Pacific region has drastically increased. The sea lines of communication (SLOCs) that connect nations throughout Asia are critically important due to the flow of vital resources and trade goods that nations rely on to sustain their economic...
India Can Get Up To $90 Billion In 2 Years: FinMin
NEW DELHI: The finance ministry has received feedback that the Indian capital markets could witness $20-25 billion inflows on the pessimistic side and $80-90 billion on the optimistic side in the next two years, from the newly announced category of qualified foreign investors (QFIs) route. QFIs include foreign individuals,...
Mukesh Steps On The Gas
MUMBAI: Mukesh Ambani is upping the ante on investment and growth projections for his flagship Reliance Industries (RIL) even in the backdrop of what he has termed two unprecedented economic shocks in the last five years. Seemingly unperturbed by the regular run-ins with the petroleum ministry and the regulators,...
House Panel Wants CSR Mandatory In Companies Bill
NEW DELHI: A parliamentary panel has recommended the Companies Bill make it mandatory for companies above a particular turnover or net worth threshold to allocate two per cent of their net profit towards corporate social responsibility (CSR). Parliament’s standing committee on finance, headed by Bharatiya Janata Party leader Yashwant...
Power Demand Math Goes Horribly Wrong
NEW DELHI: Soaring demand for electricity has thrown the summer plans of power distribution companies into a tizzy. Electricity demand has risen by up to a quarter in the past two months against the anticipated 10-15% rise, adding to the woes of utilities who were already struggling with a...
Pension Bill Put Off To Appease TMC
NEW DELHI: The Union Cabinet on Thursday deferred the long-awaited legislation on pension reforms for fear of upsetting a key ally, in a clear indication that implementing economic reforms would be far from easy in the absence of a political consensus. On Wednesday, the prime minister had presided over...
Anna-Baba Team May Not Click
By Kalyani Shankar Social reformer Anna Hazare and the Yoga Guru Baba Ramdev have come together to fight against corruption and have shown their combined strength on June 4 in the capital. In the scorching June sun supporters of these two ventured to go to Jantar Mantar to attend...
