The Standing Committee report is being seen as bad news for industrialists while it insists on public welfare as a yardstick for land acquisition. ...
10:35 PM, May 17, 2012
New Delhi: West Bengal has the highest number of red category industries causing high pollution, followed by Maharashtra and Tamil Nadu, while 43 industrial clusters have been identified as "critically polluted", the Lok Sabha was informed on Monday. Environment and Forest Minister Jayanthi Natarajan said during Question Hour that the Central Pollution Control Board (CPCB) and IIT-Delhi had conducted a survey based on Comprehensive Environmental Pollution Index (CEPI) for assessment...
03:58 PM, May 14, 2012
New Delhi: The industrial production has unexpectedly dropped to minus 3.5 per cent as compared to just 4.1 per cent in February. This is the first time since October 2011 that the output has turned negative with a huge fall in manufacturing and capital goods. The falling industrial numbers is likely to have some major impact such as policy paralysis in the government and a negative sentiment in stock markets....
04:49 PM, May 11, 2012
New Delhi: With an eight-fold increase, India attracted foreign direct investment (FDI) of $ 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $ 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth $ 1.07 billion. The $ 7.2 billion Reliance Industries-British Petroleum (BP) deal, announced in...
10:29 PM, May 09, 2012
Mumbai: Reliance Industries on Tuesday reclaimed its position as the most influential stock on the BSE benchmark index Sensex, pushing FMCG major ITC to the second slot. ITC had dethroned Reliance Industries (RIL) from the top position on Monday. However, its leadership position proved to be short-lived and it slipped to the second position in Tuesday's trading session. At close on Tuesday, RIL regained the top slot in terms of...
06:55 PM, May 08, 2012
Mumbai: India has struck down Reliance Industries Ltd's plan to recover about $1 billion invested to develop an offshore gas field as the current output is less than half of that approved under the development plan, an oil ministry source said. Reliance said in a statement late on Friday that the oil ministry has proposed to "disallow certain costs", without quantifying how much the company was planning to recover. These...
11:30 PM, May 04, 2012
Coimbatore: Highlighting the problem being faced by textile industry in Tamil Nadu, such as power and pollution, Karnataka has invited entrepreneurs to invest in that State. Inaugurating a 'global investors meet', a roadshow to showcase advantages for the industries investing in Karnataka, on Friday, Karnataka Textile minister, R Varthur Prakash, said Government has brought out innovative schemes to attract investment in the textile sector. There was no no power cut...
02:17 AM, Apr 22, 2012
Mumbai: Power shortage of 1500 to 2000 MW of electricity in Maharashtra is taking a toll on the industries across the state, especially in the auto hub of Pune. One of Asia's largest auto hubs in Pimpri Chinchwad near Pune, a thriving industrial district is let down by one basic problem - power. This plant using high-tension electricity to melt copper and brass to make engine parts for auto majors...
09:21 AM, Apr 19, 2012
BANGALORE: Look up the classified ad pages in any paper or even magazines, one sees a plethora of employment calls for a variety of skills, needed in sectors ranging from the hospitality to the finance sector. Many companies and industries are in urgent need of skilled labour and go on repeating their advertisements in desperation but all the hunt is in vain as not only the IT hub of India,...
08:52 AM, Apr 18, 2012
Mumbai: FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market's index Sensex, RIL slipped to the second position after ITC. At close on Tuesday, ITC grabbed the top slot in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely...
06:44 PM, Apr 17, 2012
Chandigarh: Like other states in the country, Punjab too is on the brink of a blackout. Punjab is suffering from a shortage of about 2500 megawatt of electricity presently. Acute power shortage is making survival of industries difficult. Rajnish Ahuja's carefully built-up auto spare parts company in Ludhiana is suffering, due to an acute power crisis. And he is not alone. The power crunch in the state has affected other...
06:34 AM, Apr 17, 2012
Kolkata: The West Bengal government was committed to set up heavy industries in the state's backward district Purulia and has already received many proposals, the state assembly was told on Monday. Replying to a question, Industry Minister Partha Chatterjee said proposals from Jai Balaji, Neo Metalics Ltd, SRMB, Srijan Ltd, Shyam Steel Industries and Adhunik Corporation were under consideration, the minister said. While Jai Balaji has proposed to invest Rs...
03:39 AM, Apr 03, 2012
Kolkata: The growth of industry in West Bengal had been slow, but the state has the potential competitive strengths in some industrial activities, RBI Deputy Governor Subir Gokarn on Sunday said. "West Bengal is exploring a long-term strategy for industrialisation as the relative growth performance in the last decade was not encouraging," Gokarn said at a seminar on West Bengal organised by industry body Assocham on Sunday. "In the last...
04:59 AM, Apr 02, 2012
New Delhi: A CAG report in national daily 'The Times of India' says the government lost Rs 10.67 lakh crore by not auctioning coal blocks between 2004 and 2009. CNN-IBN had reported on a potential coal scam about six months ago. CNN-IBN had traveled to Chhattisgarh and Madhya Pradesh. Despite a CBI inquiry, there was no action by either the central or state government on a politically-connected company who allegedly...
11:35 AM, Mar 22, 2012
New York: India is home to over four per cent of the world's billionaires, including the likes of the Ambani brothers, Azim Premji and NR Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine's annual list of the world's richest people. Forbes's list of 1226 billionaires is topped by Mexico's 72-year-old telecom czar Carlos Slim, boasting of a networth of $ 69 billion. Slim retained his title as...
08:26 AM, Mar 08, 2012
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