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NEW DELHI: Gets favourable opinion over legality of government decision allowing Reliance Power to divert surplus coal from captive mines After Reliance Power, the company’s arch rival, Tata Power, too, has independently secured a favourable opinion from the country’s top legal brains, including retired Chief Justice of India M...
JODHPUR: Reliance Power’s photovoltaic solar power plant in Jaisalmer district, Rajasthan, has started commercial operations to provide electricity to thousands of households and businesses in Maharashtra. Under the power purchase agreement, the entire power generated by this plant would be supplied toMaharashtra. The plant is located, 180 km in...
KOLKATA: The shares of Orissa Sponge Iron & Steel Ltd (OSISL) closed at Rs 362 for two consecutive days, which is just above the open offer price of Rs 360 Bhushan Energy Ltd and PACS (person action in concert). Only 3,318 shares changed hands on Friday. Bhushan Energy, a...
NEW DELHI: Ratan Kumar Sinha, director of the Bhabha Atomic Research Centre, was today appointed as the next chairman of the Atomic Energy Commission (AEC). 60-year-old Sinha is expected to assume charge of the country’s nuclear programme from AEC Chairman Srikumar Banerjee on Monday. Banerjee superannuates on April 30....
KOLKATA: The global wind industry will install more than 46 giga watt of new wind energy capacity in 2012 according to a five-year industry forecast published by the Global Wind Energy Council (GWEC). By the end of 2016, total global wind power capacity will be just under 500 GW,...
NEW DELHI: Wind turbine maker Suzlon Group today said it has bagged a contract to set up a wind power project in Rajasthan from UK-based Eoxis group. “Suzlon has signed a contract for a 50.4 MW wind power project with the Indian subsidiary of Eoxis which is backed by...
RANCHI: Coal Minister Sriprakash Jaiswal today said state governments should not have any problems on coal-royalty based on ad valorem, as their coffers grow automatically with increase in coal price. “Based on ad valorem, coal royalty increases on its own as and when rates of coal increase,” Jaiswal told...
BANGALORE: NP-1, the early Navy version of the home-grown Light Combat Aircraft, made its first flight on Friday. The final product, late now by five years, would be another three years away. Public sector company Hindustan Aeronautics Ltd, which is building two prototypes, will have a new naval production...
NEW DELHI: India today inducted first of the three ‘Teg class’ warships built by a Russian shipyard. These are classified as stealth frigates due to their ability to avoid detection from enemy radars and sensors. These are armed with supersonic cruise missile BrahMos, developed jointly by India and Russia....
BANGALORE: A day after the launch of the first indigenously developed radar imaging satellite, the Indian scientists scripted yet another success story: The naval version of the light combat aircraft(LCA) Tejas made its maiden flight today. The LCA Naval Prototype 1 (NP1), which took off from the HAL Airport...
The Indian Air Force (IAF) is short of of 363 pilots, a shortage that has lingered on for some time owing to lack of basic trainers. In 2008 when I had interviewed the then IAF chief Air Chief Marshal Fali Homi Major, he quoted a figure of 400 for...
India’s Prime Minister, Dr. Manmohan Singh, congratulated all the scientists of the Indian Space Research Organization (ISRO), for the successful launch of PSLV-C19 which carried the Radar Imaging Satellite RISAT-1. The following is the text of the Prime Minister’s message: “I would like to warmly congratulate all scientists of...
NEW DELHI: The Tatra trucks being supplied to the Indian Army are obsolete, running on fuel-guzzling old engines with mechanical transmissions that are years behind the rest of the world, Army sources said. The details are believed to be part of Army chief General V K Singh’s inputs to...
CHANDIGARH: Hundreds of Army personnel posted at the Military Engineer Services (MES), who were put in a situation where they had to work under their juniors on repatriation to the Corps of Engineers, have been granted relief by the Armed Forces Tribunal. “When persons working in the MES go...
MUMBAI: Britain’s largest asset management company Schroders has acquired a 25% stake in Axis Bank-promoted Axis Mutual Fund for an undisclosed amount. The deal will help the Indian fund house access Schroders’ global distribution network and advise overseas funds invested in Indian securities. The Economic Times had written on...
MUMBAI: The Cabinet-approved Banking Amendments Bill proposing a rise in public sector bank shareholders’ voting rights may see investors vie for larger stakes and a greater say. The cap on voting rights is proposed to be raised from one to 10 per cent in public sector banks (PSBs) and...
NEW DELHI: Finance Minister Pranab Mukherjee on Friday told Lok Sabha the retrospective amendments to the tax laws proposed in the Budget will not have any impact on foreign investment, just after the new US ambassador to India raised the issue at a business function. The proposed amendments will...
NEW DELHI: An expert panel of the Planning Commission has pulled up the finance ministry for underestimating the food subsidy in the Budget, saying the unrealistic assessment would lead to avoidable payment of arrears and interest payouts. A working group for the 12th Five Year Plan (2012-17) said in...