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State Cabinet Also Clears Rs 500-Crore Package For Development Around Site Housing 2,000-MW Unit CHENNAI: The Tamil Nadu cabinet on Monday gave the nod for the 2,000-Mw Kudankulam Nuclear Power Plant by giving site clearance, which will allow in continuation of construction at the site. The Cabinet headed by...
MUMBAI: Nuclear Power Corporation (NPC) would soon approach Atomic Energy Regulatory Board to load fuel in the first unit, and start sourcing additional investment. The chairman and managing director, S K Jain, of the state-run entity said: “NPC will in the next two months approach Atomic Energy Regulatory Board...
CHENNAI: The Kudankulam Nuclear Power Project’s (KNPP) first 1,000 MW unit will be ready for the atomic energy regulator’s clearance for fuel loading in two months’ time and the Nuclear Power Corporation of India Ltd (NPCIL) is gearing up for it, said a top official. NPCIL chairman and managing...
KOLKATA: Under pressure to step up production, Coal India Ltd (CIL) has sweetened its offers for land acquisition. The new rehabilitation and resettlement (RnR) policy was recently approved by the CIL board. According Mr R. Mohan Das, Director (personnel and IR), in addition to price of land, the Indian...
MUMBAI: In its bid to deepen the equity and debt markets by attracting overseas funds, the Reserve Bank on Monday allowed foreign venture capital investors to invest in securities through private arrangements or purchase from a third party. “It has now been decided to allow foreign venture capital investors...
NEW DELHI: The government, which has extended help to the crisis-ridden power sector by removing duty on imported fuel and opening access to cheap overseas funds, is likely to whittle down the benefit with an impost on imported equipment for mega power projects. A duty of 20.94% will be...
MUMBAI: The optimum utilisation of the enhanced Rs 60,000-crore limit for issuing tax-free infrastructure bonds by companies seems unlikely. This is despite the government trying hard to boost infra development in the country by doubling the issuance limit for such bonds, which received a euphoric response in 2011-12. Firms...
MUMBAI: The government has opened the doors for qualified foreign investors (QFIs) to the developing corporate bond market in India. However, the country would need more than just higher yields to attract fund inflows from this segment. On Friday, Finance Minister Pranab Mukherjee had made the announcement when he...
MUMBAI: The unbridled freedom and powers given to tax authorities in this year’s Budget could spark a furious face-off in the coming months between companies determined to protect their profits in a slowing economy and an equally resolute tax department eager to wrest every last bit of revenue, experts...
NEW DELHI: A little-known Kolkata-based businessman is close to buying a majority stake in Rajasthan Royals for around $200 million, making it the first time an IPL team could change hands in the format’s brief yet eventful fiveyear history. Mannoj Kumar Jain, who heads the obscure Jain Group of...