IPA Special

Petronet Terminal Likely To Be Commissioned By Nov-Dec 2012

KOCHI: The Petronet LNG Terminal (PLL) at nearby Puthu Vypeen is likely to be commissioned by November-December this year, a top company official has said. “Completion of the Kochi LNG terminal is on track and satisfactory. We hope by November-December we should be looking at commissioning of the terminal....

Mar 15 · >

Brahmaputra Cracker And Polymer Limited To Implement Project On Schedule

DIBRUGARH: Brahmaputra Cracker and Polymer Limited (BCPL) was set to implement the Gas Cracker project at Lepetkata in Assam’s Dibrugarh district on schedule, according to Secretary, Ministry of Chemical and Fertiliser K Jose Cyriac. “The progress of the project has improved and is now proceeding as scheduled with mechanical...

Mar 15 · >

Oil Mixed In Asian Trade

SINGAPORE: Oil prices were mixed in Asian trade today, as investors weighed concerns over a supply disruption in the West Asia and a surge in US crude stockpiles, analysts said. New York’s main contract, light sweet crude for delivery in April was up 25 cents to $105.68 while Brent...

Mar 15 · >

Mid-Quarter Monetary Policy Review: March 2012

Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility...

Mar 15 · >

Highlights Of Economic Survey 2012

Here are the highlights of the Economic Survey 2012 that will put forth the challenges that Pranab Mukherjee faces ahead of the Union Budget 2012, to be presented tomorrow. Highlights: * Growth estimated at 6.9% for the Current financial year * Growth estimated at 7.6% for FY’12 –’13 and...

Mar 15 · >

Biz Jet Maker Gulfstream Upbeat On India

HYDERABAD: Aircraft maker Gulfstream Aerospace Corp has garnered a big chunk of business jets business in the Asia-Pacific region and sees India as the next big opportunity along with China. Taking part at the India Aviation Show 2012 being held at Hyderabad, top executives of Gulfstream stated that their...

Mar 15 · >

IAF Initiates Process Of Inducting LCA

The Indian Air Force has initiated the process of inducting the Light Combat Aircraft (LCA) ‘Tejas’ and has placed an order for 40 aircraft with HAL. The Initial Operational Clearance-1 (IOC-1) for the aircraft was achieved in January, 2011. The advance version of the LCA, Tejas Mark-II aircraft is...

Mar 15 · >

Statement on Mid Quarterly Review by Mr Chandrajit Banerjee, Director General, CII

With industrial (IIP) growth in the April – January 12 period at 4 percent, industry needs strong easing signals from the RBI in order to ensure that investments pick up. Capital creation in the economy has been growing at a negative pace and this does not bode well for...

Mar 15 · >

EADS Arm Cassidian Gets India CEO

BANGALORE: Cassidian, the defence and security arm of European aerospace major EADS, has named the first chief executive for Indian operations. Dr Peter Gutsmiedl will be based in Bangalore, where Cassidian started an engineering centre a year ago. “Based in the heart of India’s aerospace and defence industry, he...

Mar 15 · >

Leased Russian N-Submarine To Reach India By Month-End

NEW DELHI : A nuclear-powered submarine India has leased from Russia will reach Indian shores by this month-end, a defence ministry official said here Wednesday. “The submarine will be here in a fortnight,” the official said on condition of anonymity, on the sidelines of a defence investiture ceremony at...

Mar 15 · >