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Govt Plans 'Rooftop' Solar Power Policy

MUMBAI/AHMEDABAD: After dedicating to the nation 600 megawatts (Mw) of solar power projects in different parts of Gujarat, state chief minister Narendra Modi on Thursday hinted to come out with a rooftop solar power plant policy to encourage people to produce their own electricity and earn by selling the...

Apr 20 · >

How Gujarat made its place in the Sun?

Solar-powered State: The Gujarat Chief Minister, Mr Narendra Modi, dedicated Asia’s largest solar power park, set up with an investment of Rs 9,000 crore by private companies to produce 214 MW daily at a single location at village Charanka in Patan district on Thursday As the hot summer triggers...

Apr 20 · >

Gujarat Has Attracted Rs 8,000 Crore Investment In Solar Energy

says Mr D.J. Pandian, Principal Secretary (Energy), Gujarat Government. Over the last decade, Gujarat has emerged a power-surplus State and carried electricity to nearly all of its 18,000 villages through the Jyotigram Yojana. Most of its areas now have a round-the-clock electricity supply. Its biggest cities such as Ahmedabad...

Apr 20 · >

Gujarat Solar Park: Asia's Largest Solar Power Park Opens

AHMEDABAD: A 600 MW solar power park, touted as Asia’s first and largest, was Thursday dedicated to the nation by Gujarat Chief Minister Narendra Modi in the state’s Patan district, in a boost to India’s efforts towards low carbon growth. The Gujarat Solar Park, spread across a desolate swath...

Apr 20 · >

Govt, Coal India Working At Cross-Purposes

It is not common for the government to issue a Presidential order, forcing Coal India to sign fuel pacts with power producers. Now, the board of directors of CIL has created a chapter in the history of corporate governance in government-owned companies in India. It has effectively ensured that...

Apr 20 · >

Can coal india increase production sufficiently?

MUMBAI: With the initial heat and dust around Coal India Ltd’s (CIL) fuel supply agreements (FSAs) having settled, experts are now saying these are unlikely to improve the situation dramatically. For starters, there is no clarity on how much of the 80 per cent coal supply guaranteed would be...

Apr 20 · >

India Launches 5,000-KM Range Agni-5 Missile Successfully

NEW DELHI: The tension sharpened at the launch area at Wheeler Island on the Odisha coast this morning as the massive, 50-tonne, 17.5-metre-high Agni-5 missile was elevated into the vertical launch position, and the pre-launch checks began. The previous evening, exactly at this stage, lightning and thunder in the...

Apr 20 · >

Atlas Elektronik Pitches For Indian Navy Torpedo Upgrade

Marine-defense giant Atlas Elektronik is looking at new ways to target the booming Indian defense market. Atlas Elektronik is now focused on winning the torpedo upgradation program for the Indian Navy which has been using the German-made SUTs torpedoes (Surface and Underwater Torpedo). Designed to counter the threat of...

Apr 20 · >

India Welcomes Pak's Call On Siachen

Minister of State for Defence MM Pallam Raju on Thursday welcomed Pakistan Army Chief General Ashfaq Parvez Kayani’s call for both nations to demilitarise the world’s highest battlefield at the Siachen glacier on their international border. Demilitarisation of Siachen will save millions of valuable dollars and the money can...

Apr 20 · >

India’s Newest Big Boy

In the early morning of April 19, Agni V,India’s new big boy, stood tall on the launch pad on Wheeler Island off the Odisha coast. The sun peeped out dispelling the overnight clouds and exposing an azure sky. The missile was glistening white, interspaced with black, red and orange...

Apr 20 · >

Missile Mélange: Behind The Scenes At The Launch Of Agni V

It’s  been a tradition of the missile team to say a little prayer and even do a ‘puja’ before every major launch. So, soon after Agni V was readied for launch, a pundit was called to the pad itself to invoke God’s blessings. As he chanted the ‘mantras’, senior...

Apr 20 · >

‘No Race; It’s Counter-Threat Measure’

The Tribune Editor-in-Chief Raj Chengappa in conversation with Vijay Kumar Saraswat, DRDO chief, and Avinash Chander, DRDO’s chief controller, R&D (Missiles and Strategic Systems) at the Agni V launch What has Agni V demonstrated about India’s missile prowess? India is now a missile power. It means we are completely...

Apr 20 · >

Don’t Overestimate Your Might: China

India should not overestimate its strength even if it has missiles that could reach most parts of China, the state-run Global Times of China said today, reacting sharply to the launch of Agni V missile by India. ”India should be clear that China’s nuclear power is stronger and more...

Apr 20 · >

Nandas Buy Escorts Shares Amid Buzz Rivals Eyeing Stake

MUMBAI: Amid market speculation of rival groups looking to buy into Escorts Ltd, the promoters on Thursday bought 4.2 million shares in the company from Reliance Asset Management. Escorts Group promoters, the Nanda family, raised stake in Escorts Ltd to 31.67 per cent from 27.67 per cent. Notably, Escorts...

Apr 20 · >

PNB, ICICI Bank reduce lending, deposit rates

MUMBAI: There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years. Punjab National Bank, the second largest lender in the country, and ICICI Bank, the largest private sector lender, on Thursday reduced their base rate...

Apr 20 · >

No Free Mines With Ultra Mega Power Plants Anymore: Coal Ministry

NEW DELHI: Bidders for upcoming ultra mega power plants in Odisha and Chattisgarh will have to pay a reserve price to the state government for coal mines that come bundled with the project, ending a long established policy regime in which the mines were allotted free. The coal ministry...

Apr 20 · >

Better Times Ahead For Airlines

NEW DELHI: Loss-making Indian airlines should see better times in 2012-13 due to an improvement in pricing power after the gradual but substantial cancellation of flights by crisis-hit Kingfisher Airlines. However, they may not make profit in the fourth quarter of 2011-12, as high costs, especially of aviation turbine...

Apr 20 · >

FIIs Will Get Time To Set Investments Right, Says Gujral

NEW DELHI: The finance ministry on Thursday said it would give foreign institutional investors (FIIs) time to convert their “impermissible arrangements” into “permissible” ones to escape the provisions of the proposed General Anti-Avoidance Rule (GAAR). Finance Secretary R S Gujral said, “FIIs had raised concern that if currently these...

Apr 20 · >
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