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Business Standard
CAG to audit oil ministry records - Business Standard
A senior official in CAG, who spoke on the condition of anonymity, said the audit agency was waiting for a status report from the ministry over the government's action on the report that was tabled in Parliament on September 8. ...
AP to pay penalty for tapping Tamil nadu share - Business Standard
It said we will have to pay $23 per MBTU thereafter as per the spot RLNG prices,” a senior government official said while explaining the difficulties in accepting the above offer. The state utilities are currently generating about 119 million units a ...
Maharashtra's 'investor after care' exercise to maintain pre-eminence - Business Standard
A senior government official, who did not want to be identified, told Business Standard “Investors have brought to the government's notice concerns on poor infrastructure, issues involved in land acquisition, constraints in the availability of skilled ...
I-T tribunal to hear Maharashtra sugar co-ops' appeal on notice next week - Business Standard
An official of the Federation of Cooperative Sugar Industries in Maharashtra, who did not want to be identified, said: “The recovery of such huge tax demands will adversely affect the mills' finances. The demand is for tax on payments made over and ...
Wen concedes trade worries with India Inc - Business Standard
According to a senior Indian official who was part of the meeting and who spoke on the condition of anonymity over the phone from Beijing, Wen agreed that the two Asian powers did have trade concerns, but it was equally their responsibility to address ...
Karnataka embarks on massive expansion of fishing ports - Business Standard
The mega investment plan includes the upgrade of several existing ports and development of many greenfield projects, a senior government official said. “This is the first time that the department of fisheries has received an approval from both the ...
L&T set to build india's first pre-cast residential high rise - Business Standard
... structures and office buildings, no one has attempted a high-rise residential project because it is very complex to build a structure with so many elements (wall, windows, balcony, girders and beams)" said an official close to the development. ...
Minimum wage sparks inter-ministerial debate - Business Standard
A senior officer in the labour ministry, who requested anonymity, said as different states had different working conditions, the finance ministry believes the minimum wage should vary accordingly. It was also wary of a rise in minimum wages triggering ...
Greece denies reports on default scenarios - Business Standard
"Greece denies the reports," a senior government official said on condition of anonymity. Separately, the Finance Ministry said, in reaction to the reports, that the country was committed to implementing a second, 109 billion euro bailout agreed with ...
Sugar industry, Maha govt fresh plea to Centre - Business Standard
A senior government official, who did not want to be identified, told Business Standard, “At the time of enactment of the Act, it was necessary for the imposition of levy. However, the situation has changed dramatically. Moreover, the nominee states ...
ACC-Ambuja merger deferred indefinitely - Business Standard
Said an official close to the development, “ACC was keen on a swap ratio of four or five shares of Ambuja to one share of ACC, which Ambuja has rejected.” In the run-up to the merger, Holcim had first hired Hewitt Associates in August last year, ...
Top executives of large private infra firms can now head NHAI - Business Standard
... secretary rank bureaucrat and any class one officer of a public-sector undertaking are the other two sections allowed to apply for the chairman's post in the highways authority,” said a senior ministry official, who did not want to be identified. ...
Paramount seeks nod to resume flying - Business Standard
Whether Paramount's return should be considered as its first year of operation or not is a matter being discussed by the Directorate General of Civil Aviation (DGCA),” said a senior civil aviation ministry official, who did not want to be identified. ...
AI board refers Dreamliner delivery issue to panel - Business Standard
“The board discussed the need of Boeing 787 Dreamliners, an important component of the turnaround plan,” said a senior airline official, who did not want to be identified. The airline management said Boeing 787 being a medium-haul aircraft would help ...
AI may defer deliveries of Boeing planes - Business Standard
“The orders are not likely to be cancelled, but deferment of deliveries could be one of the possibilities that the airline may look into,” said a senior civil aviation ministry official, who did not want to be identified. Cancellation might not happen ...
NHAI plans to build 1000 km of expressways - Business Standard
“We have started preparing the alignment and also acquiring land for the Vadodara-Mumbai section,” said a senior NHAI official, who did not want to be identified. The other three sections where expressway work is expected to be taken up are ...
Disclose black money kept abroad, pay less - Business Standard
“They said some form of incentive should be there through disclosure schemes to bring back black money kept in tax havens,” said a finance ministry official, who did not wish to be identified. The idea of a voluntary disclosure of income scheme was ...
Yahoo! board to meet, weigh options after Bartz's ouster - Business Standard
Investment bank Allen & Co would outline various scenarios for Sunnyvale, California-based Yahoo!, said the person, who requested anonymity because the meeting was private. The board, led by chairman Roy Bostock, would also decide whether or not to ...
Uttarakhand finds new star hotel investor amid flops - Business Standard
A government nod to this effect has already been given by principal secretary revenue PC Sharma, a government official said. The company is expected to invest Rs 100-200 crore in the five-star hotel. Interestingly, Sir Biotech India's plan to set up a ...
Sahara transfers part of OFCD funds to cooperative society - Business Standard
According to the second official, who did not wish to be identified, the company has enrolled most investors under the recurring deposit schemes of OFCDs as members of the cooperative, by paying a fee of Rs 5. Each branch office of Sahara has been ...
NHAI for realty development to attract expressway bids - Business Standard
It would require incentives to attract private participation,” said the official, who did not want to be identified. The UP government has announced plans to build expressways across the state. Their developers get a longer concession period and ...
MFIs' Andhra loans recast plan likely to be delayed - Business Standard
There is a possibility that it could be delayed for a long time,” said an industry player, who requested anonymity because of the sensitivity of the issue. Another microfinance official confirmed the development. “The state government wants ...
PSUs cut Brent crude oil imports - Business Standard
Only a few private refiners have the sophisticated technology in the refineries to process entirely either light crude (Brent) or heavy crude (Dubai crude variety),” said an official of a major PSU oil refiner, on the condition of anonymity. ...
Co-op sugar units, farmer bodies at loggerheads - Business Standard
A senior state government official, who did not want to be identified, told Business Standard, “The chief minister-led committee has asked cooperative mills not to pay in excess of the FRP as first advance, with a view to avoid unnecessary competition ...
'Facebook phone' for Vodafone users - Business Standard
The partnership, according to sources close to the development, is expected to bring affordable pre-paid and post-paid data plans to allow users to surf, upload pictures, update status messages and chat with their Facebook friends. ...