New Delhi: The Prime Minister on Friday approved setting up of an Investment Tracking System to speed up the implementation of projects. A statement from the Prime Minister's Office said that the tracking system has been set up to address the issue of major investment projects being delayed for a variety of reasons. The issue had come up in the last meeting of the Prime Minister's Council on Trade and...
01:26 PM, Jun 01, 2012
Ahmedabad: Bollywood actor Ajay Devgan on Tuesday met Gujarat Chief Minister Narendra Modi and showed keenness to enhance participation in the solar power generation projects in the state, official sources said. After setting up a 25 MW solar power plant through a joint venture in Gujarat's solar park at Charanka, the actor evinced interest to partner in the state's canal-based solar power generation project. Devgan thanked Modi for the government's...
02:42 AM, May 16, 2012
Thiruvananthapuram: Noted innovator, tech evangelist and policymaker Sam Pitroda has drawn up some 10 major projects for Kerala's resurgence that promise to change the face of the state, says Chief Minister Oommen Chandy. "We are confident that given Pitroda's acumen in projects that he will present, this is certainly going to change the face of the state in the near future," Chandy, currently in Mumbai to promote investments to the...
01:07 PM, May 15, 2012
London: India does not figure among ArcelorMittal's top investment priorities as its $30 billion steel projects face long delays, Chairman L N Mittal said on Thursday. However, the country from where UK-based billionaire comes from remains a priority for the world's largest steel producer. "India is always in our top of the list in terms of priority because we see so much of potential and growth and we see the...
11:10 PM, May 10, 2012
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. "We continue to experience difficulties in India. My belief is that the Indian projects may not see the light for five to 10 years," Lakshmi Mittal told the company's annual shareholder meeting. Asked by Reuters later to expand on this view, Mittal said he might have overstated the...
10:52 PM, May 08, 2012
New Delhi: The Empowered Group of Ministers on ultra mega power projects (UMPPs), headed by Finance Minister Pranab Mukherjee, is likely to meet on Saturday. Various issues related to UMPPs such as competitive bidding norms and fuel supplies are expected to be discussed, sources said. Power Minister Sushilkumar Shinde, Coal Minister Sriprakash Jaiswal, Law Minister Salman Khursheed and Planning Commission Deputy Chairman Montek Singh Ahluwalia are also part of the...
12:51 AM, Apr 28, 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
Tirupati: Apparently, with an eye on the by-election to the prestigious Tirupati assembly seat, the ruling Congress government has cleared several new projects and also fast tracked many other projects in Tirupati before election notification takes places. Many of these projects had either slowed down or come to a halt for lack of money.Disclosing the slew of schemes in the pipeline, municipal corporation commissioner T Prasad said that Rs 125...
11:05 AM, Apr 02, 2012
New Delhi: Execution of certain big ticket railway projects suffered because of delayed execution during the last nine months, Railways Minister Mukul Roy said on Friday in a veiled attack on his predecessor Dinesh Trivedi. Roy, who took over this month after the unceremonious exit of Trivedi, made it clear that availability of funds was not the reason for these delays. "There was delay in execution of certain rail projects....
05:17 AM, Mar 31, 2012
Lucknow: While emphasising for employment generation in developmental projects, Uttar Pradesh Chief Minister Akhilesh Yadav on Wednesday asked officials to ensure completion of bridges started before May 2007 in an year's time. "The bridge projects whose foundation stone were laid before May 2007, be completed in an year's time while those which were started after 2007 be also completed as per the schedule in keeping with the conditions of the...
08:58 PM, Mar 21, 2012
Mumbai: A trust controlled by Wipro's billionaire founder Azim Premji plans to sell up to 35 million shares or around a 1.4 per cent stake in the Indian software company on the stock market via a new auction process to fund education projects. Premji and his family own about 79 per cent of India'a third-largest software exporter through various units that include the Azim Premji Trust, which will sell the...
04:39 AM, Mar 13, 2012
Chennai: The Shipping Ministry proposes to undertake over 22 new projects worth about Rs 16,000 crore in 2012, Shipping Minister GK Vasan said on Monday. "Around Rs 16,000 crore we have planned for around 22 projects this year. By end March, around five to six projects will positively come out. Already projects for Rs 6,700 crore in Mumbai has come out positively," he said at a press conference in Chennai....
08:24 PM, Feb 20, 2012
Valerie Casey Age: 39 Designation: Founder-CEO, Necessary Projects, a design venture Career: Held positions at IDEO, frog design, and Pentagram. Founded Designers Accord in 2007 Education: MA, Cultural Theory and Design, Yale University, BA, Swarthmore College Interests: Reads 3-4 books a week (she calls that her biggest passion), cooking organic foods, hiking around craggy, cold beaches in California, camping You founded Designers' Accord (DA) in 2007. At that time it...
10:01 AM, Jan 28, 2012
Chicago: Finance Minister Pranab Mukherjee will visit Chicago on Saturday to look for future investment possibilities between India and United States. During his two-day visit, Pranb Mukherjee will look for investments in power, infrastructure, ports, highways etc. With an aim to invest $1 trillion in infrastructure for the next five year plan 2012-2017, Mukherjee will seek suitable partners for building the Indian economy. The finance minister had visited Washington DC...
02:20 AM, Jan 28, 2012
Thiruvananthapuram: At a brain-storming session with Kerala Chief Minister Oommen Chandy and members of his cabinet here on Wednesday, adviser to the prime minister Sam Pitroda suggested 10 projects which he said can add to the state's growth. Later addressing reporters, Pitroda said that he and his team will come up with a white paper on these projects in 90 days. "Of the 10, may be five could be possible,...
06:39 PM, Jan 25, 2012
Greater Noida: Uncertainty continued to loom large over Noida Extension home projects with the NCR Planning Board yet to clear the Greater Noida Master Plan 2021. "There is no chance of resuming construction of Noida Extension projects in the next four months as it will take at least 3-4 months for getting approval of the Greater Noida Master Plan," NCR Planning Board member secretary Naini Jayaseelam told Noida Extension Flat...
10:41 PM, Jan 23, 2012
New Delhi: Prime Minister Manmohan Singh on Thursday assured the industry that his government is committed to giving a big push to investment in infrastructure projects which will also help the economy to recover from slowdown. Singh gave this assurance to CII President B Muthuraman and Director General Chandrajit Banerjee who called on him. "The Prime Minister told us that he is committed towards infrastructure projects...," Banerjee said. He said...
08:41 PM, Jan 05, 2012
Seattle: Microsoft Corp co-founder Paul Allen is planning to build a spaceship that could replace the Space Shuttle and put paying passengers into orbit this decade. Lifelong space enthusiast Allen is hoping to launch unmanned rockets from a massive flying carrier plane to put government and commercial satellites into space and eventually evolve to human space missions. The initiative comes only months after the United States retired the Space Shuttle...
11:09 AM, Dec 14, 2011
San Francisco: Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts. Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal as well as a Wikipedia-like online encyclopedia service known as Knol. The plans, which Google announced on its...
10:26 AM, Nov 23, 2011
DHRGM may read like the acronym of an upcoming Bollywood flick, but, in reality, stands for the states - Delhi, Haryana, Rajasthan, Gujarat, Maharashtra - through which runs the country's most profitable stretch of highways. On a map at the National Highways Authority of India office in Delhi, a red line runs from Delhi to Mumbai, marking out a new six-laning project. The 1,375 kilometres is one of the four...
12:00 PM, Oct 07, 2011
