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BANGALORE: With West Bengal chief minister Mamata Banerjee toughening her stand on not granting SEZ status to the proposed Infosys facility in the state, the IT major may have to think in terms of developing alternative centres like Bhubaneswar, the company’s executive co-chairman Kris Gopalakrishnan said. “I am not...
NEW DELHI: A day after the patent controller issued the first compulsory licence in the country to Natco Pharma, top domestic drug firms are gearing up to seek a change in the mechanism through which a compulsory licence is granted in India. The Indian way of granting a compulsory...
NEW DELHI: Finance minister Pranab Mukherjee on Tuesday said the government has set a target of R30,000 crore from stake sales in state-run firms in the next fiscal. The figure is lower than R40,000 crore, which is the target for the current fiscal. In a written reply to a...
NEW DELHI: The telecom department will ask the Empowered Group of Ministers (EGoM), headed by Pranab Mukherjee, to take the final call on all issues related to upcoming auction of second generation (2G) bandwidth following the Supreme Court’s move to cancel 122 licences last month. It has prepared a...
NEW DELHI: A government-appointed advisory group on asset reconstruction firms has favoured $20 billion limit for investments by foreign institutional investors in security receipts (SRs) issued by securitisation firms. The report of the advisory group, which has now been submitted to Finance Minister Pranab Mukherjee, had also recommended that...
NEW DELHI: Railway minister Dinesh Trivedi has started with the presentation of his maiden Railway Budget in Parliament. Safety is my first priority and sole emphasis, Dinesh Trivedi said reading out his budget speech. He said time has come to think in terms of one national policy for Indian...
MUMBAI: State-run Nuclear Power Corporation is pursuing plant development work in Maharashtra,Gujarat, Andhra Pradesh, Madhya Pradesh and Harayana despite opposition to nuclear power generation. These projects are based on procurement of nuclear reactors, especially from Areva, GE-Hitachi, Westinghouse and from domestic suppliers. Moreover, despite stoppage of work at units...
CHENNAI: Aiming to strengthen trade relations with India, Malaysia today offered its expertise and evinced interest in investing in hydro-electric power, Malaysian Second Minster for Resource Planning and Environment Awang Tengah Ali Hasan said here today. “We are looking at investments and sharing our expertise on hydro (electric) power...
MUMBAI: Adani Power synchronized the fifth unit of the Mundra power plant this week, taking its total generating capacity to 4,620MW, making it the world’s largest single-location coal-fired plant in the private sector.China,Poland and Taiwan have three thermal power plants exceeding 5,000 MW but they are all state-owned, making...