Business & Economy
Gail gets incentive to make
Dabhol plant operational
What is India News Service,
Tuesday, 30 November 2004, 1700 hrs IST
The public sector gas major Gail (India) has obtained a
major incentive from the union government to make the Dabhol Power Plant operational.
It has received a 12-year contract for the supply of gas.
Gail, along with NTPC, SBI Caps and IDBI, has been entrusted with the task of reviving the Dabhol Power Plant. This group plans to get the plant going in all probability by the 3rd quarter of the next calendar year, said Prashanto Banerjee, chairman and managing director of Gail (India) on Tuesday.
Gail has also signed a pact with
a Russian institute. The Skochinsky Mining Institute of Russia and GAIL are entering into a Memorandum of Collaboration for undertaking in-situ gasification of lignite in Mannargudi, Tamil Nadu, and
Barmer, Rajasthan.
No hike in petrol price:
The Government today decided against changing petrol and diesel prices for now.
"The public sector oil companies have decided against revising prices this fortnight,'' an official of Indian Oil Corporation said.
Rel Info mobile number changes: Reliance Infocomm has successfully completed the conversion of its mobile subscriber numbers to its unique ten-digit 93-series in 17 out of the 20 circles. The old numbers
cease on December 1.
Reliance Group shares recover:
Reliance group shares recovered further on Tuesday on strong institutional buying amid hopes of an early end to the ongoing feud in the Ambani family.
Sensex at all time closing high: Recording its best closing high ever, the Bombay Stock Exchange 30-share sensitive index (Sensex) gained 76.52 points today from its previous close of 6234.29 with frontline stocks recording strong gains.
FM happy as long as sensex is driven by fundamentals of economy:
Finance Minister P Chidambaram said he would be happy as long as the BSE sensex, which touched 6,200 points, was driven by the fundamentals of the economy.
Emerging phase in retail banking:
They don't want their customers to be physically present in their branches. This is the message from senior officers of successful private banks such as Citibank.
Telecom authority's bid to improve mobile services:
The Telecom Regulatory Authority of India (TRAI) has started engaging mobile phone companies on a one-to-one basis to persuade them to improve their services.
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