HindustanTimes Wed,20 Aug 2014


Jindal’s JSW Energy eyes JP Group’s power projects in MP

The Sajjan Jindal-led JSW Energy is evaluating the prospects of a deal to purchase two-coal based power projects of the Manoj Gaur-led JP group in Madhya Pradesh, sources said.

Poll vault? Gas price hike may be delayed

With the forthcoming state elections expected to begin by September-end or October and the Election Commission effecting the model code of conduct for the same, chances are that the announcement of the new gas price may get deferred once again.

Bankers’ nominee to oversee Bhushan Steel’s operations

Bankers have also ordered a forensic audit into the accounts and audit books of Bhushan Steel and has asked promoters to inject more money to remain solvent.

Dreamliner woes: Raju to meet Boeing execs

With the Boeing 787 Dreamliner continuing to give sleepless nights to Air India (AI), aviation minister Ashok Gajapathi Raju Pusapati has decided to take matters into his own hands.

Sensex, Nifty hit new highs on Modi's I-day pledge

Rising for the fifth day, benchmark Sensex on Monday gained over 287 points to log a new closing peak of 26,390.96 and the Nifty soared about 83 points to close at new record of 7,874.25 as investors cheered PM Narendra Modi's August 15 pledge.

SpiceJet shares jump on June quarter operating profit

Low-cost carrier SpiceJet jumps 13.5% after April-June results. June quarter operating profit at Rs. 90 million ($1.48 million) before restructuring and certain one-off costs, helps the rally.

Ministry rebukes ONGC for making 'frivolous allegations'

Rebuking ONGC for making 'frivolous allegations' against the government, the petroleum ministry has told the Delhi high court that the state-owned firm woke up from slumber to allege that its gas may be flowing out of wells of Reliance Industries' KG-D6 fields.

Mercedes-Benz accused of 'price-fixing': China media

China has accused Mercedes-Benz, a unit of German car giant Daimler, of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.

Heat on defunct Radia firm over Rs. 1,700cr Tata-Unitech loan deal

CBI has registered a preliminary inquiry to probe into an alleged Rs. 1,700 crore land deal between Tata Realty and Unitech in 2007 to purportedly fund the latter's telecom project.

SAIL lines up Rs. 1,35,000-crore plan to triple capacity in 10 yrs

Steel Authority of India Ltd, will embark on the biggest expansion drive in its history to more than double its capacity to 50 million tonnes by 2025, a move that is likely to involve an an investment of Rs. 1,35,000 crore.

What’s cooking? 77 more towns set to receive piped gas access

Lakhs of customers and households will now have access to piped natural gas (PNG) with the government readying a roadmap to cover 77 new towns and cities across India over the next four to five years.

Insurance sector is hot again, global cos revive India plans

With foreign direct investment (FDI) limit in insurance set to go up to 49% from the current 26%, several global insurance giants are likely to revive their plans to enter the under-penetrated Indian market.

RBI forms committee to monitor shadow banking; realty in focus

With a large number of financial scams coming up in recent years, the Reserve Bank of India (RBI) has decided to take the growing phenomenon of shadow banking head on.

Tatas may invest in Navi Mumbai airport

The aviation ministry recently allowed the Navi Mumbai airport, to be built through public-private partnership (PPP), to raise 26% of its equity from airlines against the 10% allowed in PPP airports.

Female bank staff may soon get transfers of their choice

The finance ministry has asked banks to formulate women-friendly transfer policies so that they can relocate to places where their husbands are working or parents are living, sources said.
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