New Delhi: Indian companies are expected to continue investing in IT infrastructure despite global economic challenges and the country's IT spending is projected to grow 9.1 per cent to USD 79.8 billion in 2012, according to research firm Gartner. This is against an IT spending of USD 73.1 billion in 2011, it added. "Businesses are increasingly looking to IT to help support the challenges of enhancing customer support, supply chain...
06:35 PM, Nov 21, 2011
Port-of-Spain: Trinidad and Tobago is seeking assistance from India to boost broadband services in the country. Public Administration Minister Carolyn Seepresad-Bachan said: "A critical element for the building of a knowledge-based economy is widespread access to affordable high speed broadband services," She was speaking at a function to mark the ITEC (Indian Technical Economic Co-operation) Day over the weekend. ITEC, launched in 1964, is the flagship programme of India's technical...
08:13 AM, Oct 03, 2011
Mumbai/Nagpur: Investigation Wing of the Income Tax Department on Thursday conducted searches on premises of toll-road firm IRB Infrastructure across Maharashtra. The I-T sleuths said they suspected that the company used to transact using inflated bills. "We conducted searches on around 40 premises of IRB and its subsidiaries across Mumbai, Pune and Nagpur. We suspect there is a possibility of tax evasion caused by the alleged inflated bills," I-T sources...
09:45 PM, Jul 21, 2011
Mumbai: Mukesh Ambani is looking to sell Reliance Gas Transportation Infrastructure Limited, a business that builds pipelines to carry natural gas across the country, the Wall Street Journal reported, citing people familiar with the matter. Ambani, chairman of energy major Reliance Industries, has contacted bankers to help him sell the business and the process is at an early stage, the newspaper said. Two people familiar with the matter said the...
10:27 AM, Jul 06, 2011
New Delhi: India's Remote Sensing Data Policy Year 2011 gives access to high resolution satellite photos, to all public and private agencies who will use them for social development. Commercial use is also permitted, provided companies are cleared by a high powered committee. The Delhi State Spatial Data Infrastructure project has used them to create a three dimensional virtual map of the entire city. Savitur Prasad, Secretary, Department of Information...
09:33 AM, Jul 06, 2011
Mumbai: Two Anil Ambani group firms, Reliance Communications and Reliance Infrastructure, will move out of Bombay Stock Exchange's blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India on the 30-share index. The changes would be effective from August 8, Bombay Stock Exchange (BSE) said in a statement on Friday. Coal India shares have been doing well since the...
10:05 PM, Jun 17, 2011
New Delhi: There are perhaps just a couple of projects that have changed the dowdy image of Indias infrastructure in the past 10 years. For the most part, the Indian infrastructure story has almost been saddled with a continuing narrative: Crumbling roads, creaking bridges, dirty airports, polluted water and unreliable power. The $ 13 billion Golden Quadrilateral project " linking Delhi, Mumbai, Chennai and Kolkata through nearly 6,000 km of...
03:12 PM, Jun 06, 2011
Citizen Journalist Sminu Jindal talks about how public places in Delhi are inaccessible for disabled people. ...
03:53 PM, Jun 03, 2011
New Delhi: Multilateral lending agency World Bank will extend a $350 million soft loan to accelerate development of road network in Karnataka. "The Government of India and the World Bank today signed a $350 million loan to accelerate the development of Karnataka's core road network through the Second Karnataka State Highway Improvement Project (KSHIP II)," the World Bank said in a statement. The agreement was signed in the presence of...
11:15 PM, May 30, 2011
Tonight at 10, Sagarika Ghose asks a panel of experts whether teaching standards at IITs & IIMs have declined.
01:00 PM, May 24, 2011
On the show, third edition of the infrastructure excellence awards. ...
03:56 PM, May 01, 2011
New Delhi: In a move towards allowing large scale private sector participation in the Defence sector, leading power utility Tata Power Company has been awarded the contract to modernise the Airfield Infrastructure of the Indian Air Force (IAF) for an undisclosed amount. In a statement on Monday, Tata Power said it has got the order to modernise the Airfield Infrastructure of Indian Air Force from the Ministry of Defence. "The...
01:33 PM, Apr 11, 2011
New Delhi: Asserting that its shares are undervalued at current levels, Anil Ambani-led Reliance Infrastructure on Monday announced a Rs 1,000 crore share buy-back offer to buy 8.34 per cent shares from public shareholders. Under the offer, the company will repurchase up to 1.38 crore shares from non-promoter shareholders for a maximum price of Rs 725 a piece. At the BSE, the scrip was trading at Rs 664, up 2.05...
01:31 PM, Mar 28, 2011
New Delhi: The Prime Minister-appointed Shunglu Committee has found that over Rs 250 crore of the tax payers money has been pocketed by various contractors executing the Commonwealth Games projects. The high-level committee has estimated Rs 900 crore as "cost of delay" by certain government departments in implementing infrastructure related projects and Rs 300 crore loss to DDA in construction of Commonwealth Games Village near Akshardham temple in New Delhi....
01:06 PM, Mar 27, 2011
Ahead of Budget 2011, Rajan Bharti Mittal, Vice Chairman and MD, Bharti Enterprises suggests ways to amplify GDP growth. ...
09:38 AM, Feb 25, 2011
Mumbai: India's infrastructure firms are hoping the federal budget would bring some sops including a waiver off dividend distribution tax, minimum alternate tax (MAT) and an extension of a tax holiday for the sector. Most infrastructure firms have a maze of subsidiaries and holding companies, and dividend tax is applicable when income is distributed from the lowest level to the next higher level, a Mumbai-based analyst said. Dividend distribution tax...
05:20 PM, Feb 24, 2011
CNN-IBN spoke to citizens about what they want from the Finance Minister this budget. ...
12:45 PM, Feb 21, 2011
New Delhi: Tech hub Bangalore tops the list in a new Morgan Stanley report on how India's booming cities cope with problems from infrastructure to job creation, with Mumbai, India's financial capital, trailing in 21st place. Asia's third-largest economy is home to one-quarter of the world's 20 most densely populated cities but the slow pace of urban development has been a drag on economic growth. The report found that second-tier...
11:01 AM, Feb 18, 2011
In an interview with CNBC-TV18, Inderjeet Singh Bhatia, Macquarie Capital Securities, speaks about his expectation from the Budget for the infrastructure sector. Bhatia doesn't expect much from the government. "I don't expect that the Budget will have much on infrastructure project awards and execution,” he says. According to him, given the mood is so bad, the Finance Minister might want to say that infrastructure is still one of large focus...
04:13 PM, Feb 17, 2011
As the year began, a large congregation of scientists at the 98th Science Congress in Chennai got a dose of Prime Ministerial advice: Enhance the research environment with more public funding and increase linkages with the industry. Exhorting them to think ‘big’, Manmohan Singh ushered in the ‘Decade of Innovation’. Meanwhile, in a quiet ceremony in Bangalore, a new Centre of Excellence in Nanoelectronics (CEN) was opened at the Indian...
04:34 PM, Feb 09, 2011
