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Punjab's Rs 65,000-crore investment: Is it for real?

Thursday, 06 March 2014 16:05
Chandigarh, March 6: In the last three months, Punjab's powerful Deputy Chief Minister Sukhbir Singh Badal has been preening over the success of last December's "Progressive Punjab Investors' Summit", claiming that the creme-de-la-creme of Indian industry had promised to invest…

Indian tractor maker plans expansion in Africa, tap land bank

Thursday, 06 March 2014 16:02
New Delhi, March 6 : Indian tractor manufacturer Sonalika International, which annually exports 6,000 units to Africa, is planning to add two more assembly plants to build on the three existing facilities in order to tap the potenial of the…

Ukraine crisis will worsen if Russia stops gas supplies

Wednesday, 05 March 2014 19:30
New Delhi, March 5: The Ukrainian crisis that has economic roots will become worse if Russia stops supplying highly subsidised gas to that country, a Mumbai-based think tank said Wednesday."Equally important is the issue of what happens to the Ukrainian…

Karnataka clears Rs.13,770 crore of investment projects

Tuesday, 04 March 2014 21:42
Bangalore, March 4: The Karnataka government Tuesday cleared 18 projects with a combined investment of Rs.13,770 crore to create employment to 44,726 people across the state.The projects were approved at the 34th state high level clearance committee meeting, attended by…

Hindustan Powerprojects signs 25-year PPA with UP

Tuesday, 04 March 2014 19:49
New Delhi, March 4: The thermal arm of Hindustan Powerprojects (HPPPL) has signed a 25-year Power Purchase Agreement with state-run Uttar Pradesh Power Corporation Ltd (UPPCL), HPPPL announced here Tuesday"Hindustan Powerprojects, as part of its PPA, will transmit 361 MW…

Essar Telecom plans to sell Kenya business

Tuesday, 04 March 2014 19:45
New Delhi, March 4: Essar Telecom is planning to sell its Kenya business to Indian telecom service provider Airtel and Kenya's operator Safaricom."Airtel Networks Kenya Limited has sought approval from the Communications Authority of Kenya to acquire the telecommunications licences…

ONGC expects peak gas output of 25-30 mscmd from KG basin

Tuesday, 04 March 2014 19:43
New Delhi, March 4: State-run Oil and Natural Gas Corp (ONGC) expects a peak gas output of 25-30 million standard cubic metres per day (mscmd) from its KG basin block on the country's east coast, exploration director N.K. Verma said…

Reliance Cement to set up facility in Himachal

Tuesday, 04 March 2014 19:40
Shimla, March 4 : Reliance Cement will set up a cement plant in Shimla district at an investment of Rs.3,400.72 crore. The Himachal Pradesh government Tuesday gave its nod to the project, a government spokesperson told IANS.Reliance Cement Company Pvt…

Reliance Jio, Bharti Infratel to share tower infra

Tuesday, 04 March 2014 19:21
New Delhi, March 4: Reliance Jio Infocomm would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country, the company said here Tuesday after the two firms signed an agreement in this regard."This agreement is…

Vizag-Chennai industrial corridor to attract Rs.1 lakh crore investment

Tuesday, 04 March 2014 19:16
Guntur (Andhra Pradesh), March 4 : The proposed industrial corridor between Visakhapatnam and Chennai is likely to attract an investment of Rs.1 lakh crore in 10 to 15 years, Rural Development Minister Jairam Ramesh said Tuesday.The corridor, on the lines…