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By B.K. Chum in Chandigarh Situations never remain static. The latest example is of Himachal Pradesh. The state’s ruling BJP leadership was euphoric over the Akali-BJP’s recent electoral victory in Punjab hoping it would favourably impact the party’s prospects in the state Assembly elections to be held by 2012...
NEW DELHI: The government is likely to define the term “joint venture” for the purpose of Foreign Direct Investment (FDI) under which it would be mandatory for at least two partners to have minimum 25% stake each in the JV company. The definition of “joint venture” would be incorporated...
NEW DELHI: Notwithstanding a tight monetary policy that is continuing and adverse reactions to some of the Budget proposals, a larger number of players sense a growth in the manufacturing sector to have revived in the last quarter of 2011-12, says a study. They expect a healthy expansion of...
MUMBAI: Private equity funds are looking to list their portfolio companies on overseas stock exchanges as the volatile Indian stock market offers them lower returns. “We have made structures for some of our portfolio vehicles in such a way that the listing of the holding company on the foreign...
MUMBAI: A weakening rupee and higher hedging costs are prompting foreign institutional investors (FIIs) to pare their positions in the Indian debt market. That apart, some investors are apprehensive of how the General Anti-Avoidance Rules (GAAR) would impact their exposures. GAAR, which is part of the proposed direct taxes...
MUMBAI: Faced with a shortfall in gas production from its KG-D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas. India Gas Solutions, the equal joint venture between RIL and British Petroleum (BP) set up to source and market natural...
NEW DELHI: Free pricing and supply security will be key to the growth of natural gas sector, according to Dr Abdul Rahim Hashim, President, International Gas Union, Malaysia. For the liquefied natural gas sector to grow, studies have suggested that, prices should be at least $6 a mmBtu, perhaps...
CHENNAI: The Tamil Nadu government is planning to set up two 500-Mw LNG-based power plants to address the electricity shortage in the state. One of the plants would be set up near the five-million-tonne-per-annum Indian Oil Corporation terminal that was set up after a memorandum of understanding was signed....
NEW DELHI: The Aadhaar-linked pilot project on direct transfer of subsidy for kerosene in Rajasthan has been quite successful in weeding out ghost customers. Initial trends of the project, being implemented since December 2011 in a block in Alwar, show a significant drop of kerosene being sold under the...
With dependence on imported natural gas (LNG) on the rise, interest in creating infrastructure at ports — such as terminals and re-gasification units — has seen a spurt. This dependence on imported gas is due to continued drop in domestic gas output, and no new producing fields are expected...
Unavailability of natural gas and destruction of forests and water bodies due to our inability to use our coal fields optimally is having a huge impact on our health and environment NEW DELHI: Two monopolies. One private; the other public. One in gas; the other in coal. Both equally...
By 2017 theU.S.could be the largest exporter of liquefied natural gas in the world, surpassing leading LNG exportersQatarandAustralia. There is one big “if,” however.Americacan produce more gas, export a surplus, improve the trade deficit, create jobs, generate taxable profits and reduce its dependence on foreign energy if the marketplace...
SINGAPORE: Oil prices slid in Asian trade today, underpinned by weaker-than-expected unemployment data from the United States, the world’s largest economy, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, shed $1.21 to $102.10 per barrel. Brent North Sea crude for May settlement was...
LONDON: Talks between some of the world’s richest oil consuming nations over whether to release billions of barrels in emergency oil reserves are moving to a question of “when” rather than “if” to act. The view in the oil markets is that the US, UK, France and Japan are...
NEW DELHI: Against the backdrop of coal shortages impacting the power sector, increasing hydro power generation capacity would help in strengthening India’s energy security, says a report. Many hydro power projects are grappling with delays and cost overruns, mainly due to geological as well as geopolitical obstacles. “Given India’s...
KOLKATA/BHUBANESWAR: Orissa is set to get power allocation of up to 50 per cent from the second and third Ultra Mega Power Plants (UMPPs) proposed in the state, Union minister for power Sushilkumar Shinde said here. The minister, however, ruled out possibility of allocation of 50 per cent power...
BHUBANESWAR: Union Power Minister Sushil Kumar Shinde on Saturday announced establishment of a medical college in Sundargarh district and promised allocation of 50 per cent electricity from the two proposed ultra mega power projects. “The National Thermal Power Corporation (NTPC) will set up a medical college and hospital with...
CHENNAI: Power equipment company Bharat Heavy Electricals (BHEL) has urged the Tamil Nadu government to reconsider its decision to cancel the joint venture with it for the R8,000-crore Udangudi power project in Tuticorin. AK Ghosh, chief executive officer, BHEL Power Sector Southern Region (PSSR), said, “We have written to...