The government today approved a Rs 1,060 crore project for building a dry bulk terminal at the Kandla Port Trust on build, operate and transfer (BOT) basis. The decision was taken by the Cabinet Committee on Infrastructure (CCI). “The capacity of the project is 14.112 million tonne per annum for catering to four vessels...
India
Air India pilots call off strike on 10th day
Air India pilots on Friday night called off their 10-day-old strike after Government agreed to reinstate sacked and suspended pilots and look into their demands within a time-frame. Air India operations will commence tonight and is expected to be normalised over the next two days, an airline official said. Over 800 pilots, belonging to...
Reliance infra commissions Limbdi-Ranchhodpura transmission line
Reliance Infrastructure Limited has commissioned 400KV double circuit transmission line part of the country’s first 100% privately owned transmission project on the build, own and operate basis in Gujarat’s Limbdi and Ranchhodpura passing . The 103 km long transmission line is a part of the WRSS project that has an outlay of about INR...
Repo rate, reverse repo rate up by 50 bps, savings bank deposit rates to 4% :RBI credit policy
In a bid to check inflation, which is hovering around 9 per cent, Reserve Bank of India on Tuesday raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 per cent for the current fiscal. The RBI has also increased the...
Live webcast of Nasscom Social Media Summit
Presented above is live video webcast of Nasscom Social Media Summit. The webcast can also be seen on this address Agenda 0830 – 0930 hrs: Registration 0930 – 0940 hrs: Opening Remarks by Rajendra S. Pawar, Chairman, NASSCOM 0940 – 1015 hrs: Opening Keynote: The Reach & Impact of Social Media Speaker: Shashi Tharoor,...
Silver, Gold prices down further continuously on second day
Silver and gold prices fell further today because of lesser domestic demand, sustained selling by stockists and weakening global trend of decline. In the global markets, gold declined by 0.01 per cent to $1,506.90 an ounce and silver fell by 0.24 per cent to $45.49 an ounce. Silver prices fell further today by Rs...
SC quashes Airport Development Fee in Delhi and Mumbai airports
The Supreme Court today quashed levying of Airport Development Fee (ADF) by private airport developers in Delhi and Mumbai on international and domestic passengers. A bench of justices Cyriac Joseph and A K Patnaik passed the order on a petition filed by the NGO, Consumer Online Foundation, contending that the fee was illegal, as...
Finolex to start PVC facility at Vadodara in this fiscal
New reports suggest that Pune-based Plyvinyl Chloride(PVC) pipe maker Finolex will start production at its new Rs 100 crore facility near Vadodara in Gujarat within this fiscal. New 31-acre facility will enjoy capacity to produce 50,000 tonne per annum(tpa) of PVC pipes. This would be company’s third PVC pipe making unit after Ratnagiri and...
After 30 days of partial labour strike at General Motors plant in Halol
Video uploaded on Youtube by one of the protesters It is the longest labour strike in any company of Gujarat in recent years. However not all labours are on strike. The strike is partial as there are two unions in Halol plant and the newer one which is the labour union affiliated with the...
GM launches new Chevrolet Cruze with ‘Jet Black’ interiors
Making amends to the original Cruze’s facile interiors, General Motors India, now introduces its stylish ‘diesel rocket’ in an all new ‘Jet Black’ avatar, contrasting titanium coloured stitch lines and some other additional features, thus giving the sedans interiors a much needed refreshing and luxurious appeal. Launching the new model, Mr. Karl Slym, President...
Amul turns ‘Amul Baby’ controversy into ad campaign
Eighty-seven-year-old Kerala Chief Minister VS Achuthanandan’s famous ‘ Amul baby’ remark, attacking 40-year old Congress leader Rahul Gandhi’s relative youth, has now made it into the annals of advertising. Dairy brand Amul, known for its advertising based on contemporary events, has issued an ad featuring the veteran Communist Party of India (Marxist) leader driving...
BBC VIDEO of RIM CEO Mike Lazaridis calling a halt to interview when asked about BlackBerry’s India problems
THE VIDEO IS AVAILABLE ON THIS LINK AT BBC SITE Research In Motion (RIM) founder Mike Lazaridis ordered a BBC reporter to stop the interview after he was asked questions about his problems with India and Middle East countries which are seeking access to BlackBerry enterprise emails in view of national security issues. “That’s...