IPA Special

India Inc Eyes Bigger Slice Of Myanmar's Growth Pie

YANGON: Two years ago,Myanmarwas to the Association of Southeast Asian Nations (Asean) what Bihar was toIndia: Dogged in its isolation, a region with low development indices and one the West loved to hate — a state perpetually on the defensive. However,Myanmar’s growth has also been as rapid as that...

May 30 · >

Corpore Debt Recast Referrals Touch All-Time High In April

MUMBAI: In growing evidence of banks’ deteriorating asset quality, the number of corporate loans referred to the corporate debt restructuring (CDR) cell in April was the highest in any month since the cell was set up in 2001. Senior officials said the cell received 18 cases with an aggregate...

May 30 · >

Steel, Power & Cement Firms Likely To Get Alternative Coal Blocks Soon

NEW DELHI: Power, cement and steel companies, which are facing uncertainty due to environmental and other regulatory issues over their captive coal blocks, can now relax. This is because the government will soon come out with a policy on allocation of alternative coal blocks to them. The group of...

May 30 · >

GoM May Address Jaiswal's Concern Over NTPC's North Karanpura Project

NEW DELHI: A ministerial panel on mining in forested areas is likely to take into consideration Coal Minister Sriprakash Jaiswal’s concerns regarding the location of National Thermal Power Corporation’s (NTPC) proposed North Karanpura project in Jharkhand, which he says is situated too near to a huge reserve of dry...

May 30 · >

HPCL Q4 Profit Jumps Four-Fold To Rs 4,630 Crore

NEW DELHI: State-owned Hindustan Petroleum Corp Ltd (HPCL) today reported a four-fold jump in its net profit in the March quarter on back of lump sum subsidy it received from the government to cover for fuel losses in the 2011-12 fiscal. Net profit in January-March quarter rose to Rs...

May 30 · >

HAL Inks Pact With Russia For Multi-Role Transport Aircraft

Hindustan Aeronautics Ltd has signed a tripartite General Contract with United Aircraft Corporation -Transport Aircraft (UAC-TA), their Russian partner and their JV, Multirole Transport Aircraft Ltd (MTAL) for the Multirole Transport Aircraft (MTA) project. HAL will carry out the design & development of its workshare of MTA at Aircraft...

May 30 · >

Global giants eye ING's mutual fund business in India

MUMBAI: Three global giants are interested in purchasing Dutch firm ING Asset Management’s Indian mutual fund business, which may be carved out of the Asian operations and sold separately. South Korea’s Mirae, Vanguard and US-based Pramerica have held talks with ING on the issue, people close to the transaction...

May 30 · >

Pranab to review performance of banks on June 12

NEW DELHI: Finance Minister Pranab Mukherjee will meet the chairmen and managing directors of state-run banks on June 12 to review their performance for the previous financial year and will also discuss the road map for the current financial year. The ministry will review public sector banks’ performance on...

May 30 · >

India Should Finetune Its Dealings With Neighbours

By Ashis Biswas In recent years, a disconcerting ”blow hot, blow cold “ approach on certain issues, has dominated India’s dealings with its south Asian neighbours like Bangladesh, Myanmar and China. This needlessly arcane approach is currently affecting the performance of regional groupings, founded on the basis of collective...

May 30 · >

Ensure Outdoor Play For Children

By Rashmi Saksena Three ‘encounters’ in a span of a month brought home to me the misfortune of today’s child who does not know what it is to go out in the evening to fly a kite, kick a ball with friends  or pile up seven stones and team...

May 30 · >