(ET) In one of the biggest deals in the renewable energy space, International Finance CorporationBSE -4.94 % (IFC), part of World Bank group, is close to investing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar Park in Madhya Pradesh. The investment will be in the form of debt in three companies — Mahindra Renewables, Acme and Actis — that are setting up units in the solar park, a person close to IFC told ET. The 750 megawatt (MW) park has commitments from Mahindra Renewables, Acme and Actis. “This investment by IFC will be in the form of…
Author: Aruna Sharma
(TNIE) The Indian Oil Corporation’s (IOC) Multi-user Liquid Terminal (MULT), which forms part of the `715-crore LPG Import Terminal Project being implemented by the public sector oil giant at Puthuvype, is nearing completion. The LPG Import Terminal Project has two parts – MULT (jetty) and the storage terminal at Puthuvype. The construction of the storage terminal at Puthuvype has been in limbo since February 2017 due to protests from certain environmental groups. The total cost of the jetty, which is coming up about 3 km further to the storage terminal site, is `225 crore, including `183 crore for the construction of…
(HT) Five strategically important roads would soon be aligned along the India-China border touching Uttarakhand under the centrally funded Bharat Mala scheme, Union minister Nitin Gadkari announced. “Besides, seaplanes will soon start landing on the Ganga and other rivers and water bodies like Tehri lake dotting the state under a new project to be introduced nationwide,” the road transport and highways told reporters after reviewing the Chardham all-weather road project and the Namami Gange project on Monday. Gadkari said the Centre set aside a budget of Rs 10, 000 crore for the Baijnath-Tharali-Karnprayag road, the Askot-Dharchula-Malpa-Lipulekh road, Baijnath-Bageshwar-Kapkot-Munsyari-Seraghat-Joljivi road, Pana-Musapani-Mana road…
(Tribune) The Supreme Court today stayed an order of the state High Court directing the completion of construction of roads and bridges destroyed in the 2013 Kedarnath tragedy in a time-bound manner. A Bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud stayed the November 19, 2016, order and issued a notice to petitioners.The Uttarakhand Government had filed the appeal saying the HC had erred in passing several mandatory directions which were not harmonious with the guidelines of the National Disaster Management Authority (NDRF) and the SDRF for rehabilitation of the affected people. He said out…
(FE) Kumar Mangalam Birla is shifting gears. The business tycoon has been feverishly tidying up his cement-to-textiles empire, based around the flagship Aditya Birla Group. Now a $2.5 billion bid from affiliate Hindalco for U.S. aluminium products-maker Aleris, as reported by Bloomberg, suggests growth is back on the agenda. Birla has been busy. Last year he agreed to merge his local telecoms operator, Idea Cellular, with Vodafone India after Mukesh Ambani’s Jio upended the market, and also completed the complex merger of two holding companies. Now Hindalco, his separately listed $10 billion metals giant, is on the prowl, as one of several…
(AU) मंगलवार देर रात पटना-मोकामा पैसेंजर ट्रेन में अचानक आग लग गई। आग लगने से ट्रेन की 6 बोगियां पूरी तरह जलकर खाक हो गईं। इस घटना में ट्रेन का इंजन भी पूरी तरह से जल गया है। दमकल की कई गाड़ियां घंटों तक आग बुझाने में लगी रहीं। ट्रेन बुधवार सुबह में शेड्यूल टाइम 05.35 बजे रवाना होनी थी, इससे पहले घटना के वक्त ट्रेन में कोई भी यात्री मौजूद नहीं था। इस घटना में किसी के हताहत होने की कोई खबर नहीं है। बता दें कि पटना-मोकामा पैसेंजर ट्रेन शंटिंग लाइन पर खड़ी थी तभी रात में ये दुर्घटना हुई। रेल सूत्रों के मुताबिक…
(PTI) US president Donald Trump will attend the World Economic Forum in Davos later this month, opening up a distinct possibility of a meeting with Prime Minister Narendra Modi. This would be for the first time in 18 years that a US president would be attending an annual gathering of global economic leaders. “The president welcomes opportunities to advance his ‘America First’ agenda with world leaders,” White House Press Secretary Sarah Sanders told reporters at her daily news conference. She said Trump looks forward to promoting his policies to strengthen “American businesses, American industries, and American workers”. Details of the president’s trip…
(FE) With an eye to woo youths and prepare the ground for the big 2019 Lok Sabha elections, BJP is planning to hold a mega event in Varanasi which is Prime Minister Narendra Modi’s Lok Sabha constituency. A youth convention ‘Yuva Udghosh’ will be held on January 20. Party president Amit Shah and UP CM Yogi Adityanath will address students at Kashi Vidyapith during the event, which may be attended by Modi, local party leaders said. The main event behind the event is to strengthen the party’s support base among the youth. “It will be an opportunity to renew the youths’ support for Modiji and…
(FE) It is no longer mandatory for cinemas to play the national anthem before every film show after the Supreme Court on Tuesday modified an earlier order and removed the compulsion. Chief Justice Dipak Misra, however, clarified that if a cinema chose to play the national anthem, people would have to stand up to show respect. The order came after the government informed the court that it had formed a 12-member inter-ministerial committee to frame guidelines for occasions on which the national anthem is to be played or sung in theatres. Until the committee submits its recommendations, a process that is…
(FE) The World Bank is estimating India’s economy to grow by 6.7 per cent during the current fiscal year, higher than the 6.5 per cent estimate by the Indian government. The Gross Domestic Product (GDP) growth is expected to rise to 7.3 per cent in 2018-19, making India again the world’s fastest growing economy, according to the World Bank’s Global Economic Prospects report released on Tuesday. The report dropped the growth estimate for 2017-18 by 0.1 per cent from its projection June 2017, because of the disruptions to the economy from the Goods and Services Tax (GST). But it raised…