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Ports modernisation blue print ready; Rs 90K cr expansion projs

Monday, 23 Oct 2017 | PTI | NEW DELHI

Union minister Nitin Gadkari has said a blueprint of 142 expansion projects has been finalised to modernise 12 major ports and develop new harbours at a cost of about Rs 90,000 cr. These 12 ports under the administrative control of the Centre saw a growth of 3.24 per cent in...

HCL Infosystems to raise Rs 500 cr via rights issue

Monday, 23 Oct 2017 | PTI | New Delhi

HCL Infosystems on Sunday said it will raise Rs 499.09 crore from its existing shareholders by way of rights issue. The rights issue committee of the board has decided to issue equity share by way of rights issue to eligible shareholders of the company for an amount aggregating to Rs...

Essar completes construction of Ro-Ro terminals in Gujarat

Monday, 23 Oct 2017 | PTI | NEW DELHI

Essar Projects, the EPC arm of Ruias-led Essar Group, on Sunday said it has constructed and designed the 'roll-on-roll-off' (ro-ro) terminals at both Dahej and Ghogha ports, as part of its Rs 225 crore contract from the Gujarat government. Prime Minister Narendra Modi on Sunday inaugurated the first phase of the...

‘Kotak panel report on corporate governance not a magic wand’

Monday, 23 Oct 2017 | PTI | New Delhi

Focused on evolutionary steps, the Uday Kotak panel report on corporate governance is not a ‘magic wand’ that will cleanse functioning of listed companies overnight but provides for measures that will hold good for next generation of reforms, according to some committee members. As part of proposing far reaching measures for...

Pan-India homebuyers' pressure group seeks Modi’s intervention

Monday, 23 Oct 2017 | PTI | NEW DELHI

A pan-India homebuyers' pressure group has sought Prime Minister Narendra Modi's intervention in stopping banks from collecting monthly instalments on home loans from those buyers whose projects have been delayed. In a letter to Modi, Fight For RERA national convenor Abhay Upadhyay said the move will help provide such homebuyers a...

Mega event in Goa to attract investments in coastal state

Monday, 23 Oct 2017 | PTI | PANAJI

Union Commerce and Industry Ministry will be hosting an international level event in Goa in February 2018 to attract investments in the coastal state in environment friendly sectors, minister Suresh Prabhu said on Sunday. Prabhu, who met Goa Chief Minister Manohar Parrikar at his official residence at Altinho this afternoon, said...

NIA's Rs 10,000-cr IPO to hit market in Nov first week

Monday, 23 Oct 2017 | PTI | MUMBAI

New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs 10,000 crore IPO in the first week of November. The offer comes soon after the Rs 11,370 crore IPO of GIC Re, which will be listed on October 25....

CIL coal supply to power sector up 7% in April-Sept

Monday, 23 Oct 2017 | PTI | NEW DELHI

Supply of coal by state-owned CIL to the power sector in the first six months of the ongoing fiscal increased 6.7 per cent to 204.5 million tonnes even as power producers rued over low coal stock at their plants. CIL's (Coal India Ltd) dispatch to the power sector in April-September 2016-17...

FPIs infuse $2 bn in debt markets this month

Monday, 23 Oct 2017 | PTI | NEW DELHI

Foreign investors have poured a whopping $2 billion into the Indian debt markets so far this month due to lower currency volatility coupled with “positive real interest rates”. Foreign portfolio investors (FPIs) however pulled out Rs 3,408 cr ($523 million) from equities on account of profit booking during this period....

Crude steel output jumps 6.8% in Sep

Monday, 23 Oct 2017 | PTI | NEW DELHI

Domestic crude steel production rose by 6.8 per cent to 8.39 million tonnes (mt) in September 2017 compared to 7.86 mt in the same month last year, according to the official data. “During April-September 2017, crude steel production was 49.764 mt, a growth of 4.5 per cent over the same period...


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Why we think obsessively

22 Oct 2017 | Ajit Kumar Bishnoi

We think that by thinking endlessly, we can find solutions to all our problems, having a wrong idea about our capacity or intelligence. These also are severely limited...

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Rape victim commits suicide

24 Oct 2017 | PNS | Dehradun

A girl of around 18 years who was allegedly sexually assaulted at a sugarcane field by one of her relatives committed suicide by hanging herself from ceiling fan at her residence on Monday. No suicide note was received from the house, said police...

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