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NEW DELHI: Power companies have sought intervention from the power ministry to ensure that coal supply is maintained to power plants through the memorandum of understanding (MoU) route until fuel supply agreements (FSAs) are signed. This comes after the Central Coalfields Ltd (CCL), a Coal India Ltd subsidiary, recently...
LONDON: Nuclear energy should be considered a clean energy source, Mr Montek Singh Ahluwalia, Deputy Chairman Planning Commission, said that at the end of the 23-Government Clean Energy Ministerial meeting that took place in London this week. Mr Ahluwalia, who represented India at the third CEM conference, said that...
NEW DELHI: In a twist to the unending drama over coal supply, Coal India Ltd (CIL) has refused to supply to power plants commissioned since December 2011. The move is set to stall investment worth Rs 40,000 crore in new power capacity of 8,156 Mw. This includes a 300-Mw...
MUMBAI: Power generators who do not have power purchase agreements (PPA) with electricity distribution companies will not get Coal India supplies. A senior power company official said about 20,000 MW of merchant power projects will be stranded if the Government does not review its decision. The Government has directed...
NEW DELHI: India is all set to add another swift but silent lethal punch to its blue-water arsenal by inducting a new stealth frigate with weapons and sensors for three-dimensional warfare. The 3,970-tonne INS Teg frigate , armed with the 290-km BrahMos supersonic cruise missiles among other weapon systems...
NEW DELHI: Even as the Bofors gun scandal continues to haunt India years after it was unearthed during the 1980s, the good news is that these guns may soon be produced at home. The country’s largest power equipment manufacturer, state-owned Bharat Heavy Electricals Ltd (BHEL), which is already making...
CHENNAI/BANGALORE: French engineering company Altran Technologies, which operates across 20 countries in Europe, Asia and the Americas, plans to expand its Indian operations, by tapping the Indian market and also serving global customers in the aerospace, automotive, railways and energy verticals from India, a senior company official said here...
The European Union has sought India’s help to build the maritime capacities of coastal countries in the Horn of Africa to strengthen their ability to fight piracy in the world’s most dangerous waters for commercial shipping. The EU Military Staff (EUMS) wants to scale up engagement with the Indian...
NEW DELHI: Defence, investment and nuclear energy will dominate the biggest exchange between Indian and Japanese leaders when Japanese foreign minister Koichiro Gemba arrives here on Sunday. Gemba is leading a high-profile delegation including several cabinet ministers and senior officials. The union cabinet is expected to approve a proposal...
A Bangladeshi Air Force cadet, who force-landed his trainer plane on the Indian side of the border in West Bengal due to bad weather, will be returned to Dhaka, an official said here Thursday. The cadet, identified as Rashid Sheikh, had taken off on the PT6 trainer aircraft from...
Early Thursday morning, an Indian rocket successfully launched into orbit a microwave Radar Imaging Satellite (Risat-1) from the spaceport here in Andhra Pradesh, some 80 km from Chennai. With the launch of Risat-1, India has now joined a select group of nations who possess such sophisticated technology. The indigenously...
NEW DELHI: Defence Minister AK Antony today said movement by Army troops in January this year was undertaken for training purpose and was aimed at refining mobilisation drills and preparedness of the force during foggy and wintry conditions. In a written reply to the Rajya Sabha, Antony said, “The...
NEW DELHI: Anti-corruption activists on Thursday released a set of documents alleging involvement of middlemen in key government deals in defence and telecom sectors. They suspected dubious involvement of Abhishek Verma, an accused in the 2008 Navy war room leak case and a New York-based company Ganton Limited. The...
NEW DELHI: Endemol India, makers of popular reality television shows such as Bigg Boss, Khatron Ke Khiladi and The Great Indian Laughter Challenge, is getting into Bollywood film production. The Indian subsidiary of the Netherlands-based independent television producer is close to signing up two movies involving some of the...
MUMBAI: Foreign institutional investors (FIIs) are increasingly getting edgy as recent policy actions, or the lack of it in several cases, have dampened their enthusiasm to buy Indian shares. Tax uncertainty due to the proposed general anti-avoidance rules (GAAR), policy flip-flop on foreign direct investment (FDI) in multi-brand retail,...
NEW DELHI: The government plans to kick off the disinvestment programme in 2012-13 with a Rashtriya Ispat Nigam (RINL) initial public offering (IPO) in June. A senior Department of Disinvestment (DoD) official told Business Standard the groundwork for the IPO of the government’s 10 per cent paid up equity...
NEW DELHI: India will likely receive normal monsoon showers for a third straight year in 2012, boosting prospects of farm production and providing relief to an inflation-wary government, which is preparing to widen subsidised grain sales to the poor under the Food Security Act. Rainfall in the June-September season...
NEW DELHI/MUMBAI: In a push to financial sector reforms, the Cabinet on Thursday cleared the much awaited Banking Law (Amendment) Bill. It approved a proposal to cap shareholders’ voting rights in private banks at 26 per cent irrespective of their total holding. To find common ground with the Opposition,...