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Economy
& Business
Incentives
planned for making power from waste - Govt
What
is India News Service, Monday, September 06, 2004, 1600 hrs IST
The government is contemplating to provide financial incentives to encourage
state governments and local bodies to set up mini power plants based on urban waste, which has a potential of around 2000 MW.
The incentives will include soft loans from the financial
institutions, tax incentives, capital assistance to set up these
projects in all the urban areas across the country.
The Ministry of Non Conventional
Energy Sources (MNCES) will be the nodal agency to implement the
scheme. It has called for a national conference on "Renewable
Energy for Urban Areas" on Monday to work out the package and
chalk out a strategy to implement the scheme.
Managerial
autonomy in PSBs illusory?
Public sector banks have all the potential to be world beaters
provided they are given managerial autonomy.
Indiabulls IPO opens:
Indiabulls Financial Services Ltd (Indiabulls), is entering the capital market tomorrow with a 100 per cent book-building public issue of 2,71,87,519 equity shares of Rs 2 each.
Aiyar
makes exception to MRPL: Even as the Union Petroleum Ministry is
critical of ONGC's plans to foray into "unrelated
spheres", it has made an exception in the case of ONGC
subsidiary Mangalore Refineries & Petrochemicals Ltd (MRPL)'s
entry into the transportation fuel retailing business.
Pawan
Hans posts Rs 53 crore profit: Pawan Hans Helicopters Ltd (PHHL)
has posted profit after tax of Rs 53 crore on a turnover of Rs 224
crore during 2003-04, its chairman and managing director Nagar
Sridhar said.
Indigenisation
a must for HAL's Dhruv: The `Druv' is the world's best utility
helicopter in the 5 to 6 tonne class. It is so good that Eurocopter,
the helicopter manufacturer, was very disappointed when not chosen
to market the chopper internationally.
Finmin
to outsource services to speed up tax recovery: In a bid to
hasten the recovery of taxes dues, the Finance Ministry has decided
to outsource some of the jobs like valuation and auction of land,
plant and machinery of tax defaulters to professional agencies.
Biotechnology:
the revolution begins: India's efforts to attain a leadership
position in biotechnology look achievable given the human
biodiversity that exists here.
Rover
arm to source diesel engines :
In a bid to cut costs, British car maker MG
Rover's engine division - Powertrain Ltd - is driving into India for
producing and sourcing 2-litre common rail diesel engines.
Pak
may source PTA from IOC:
IOC is tying the plastic knot with several
Pakistani companies, which could mark the beginning of 1st big-time
direct trade between the 2 neighbors.
Puncom bags RailTel order:
Puncom has bagged and started implementation of the prestigious Rs 33.6 crore RailTel order for providing Broadband Long Haul STM-16 (SDH) Network in collaboration with Alcatel, Italy.
Entertainment
industry to grow 20% per year: Fuelled by growing global
interest in Indian products, the domestic entertainment industry is
likely to grow by 20 per cent per year during the next three years
with revenues from television contributing the biggest to the pie,
according to a CII study.
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Lifestyle altering contours of real estate:
Access to housing loans and lower interest rates are not only seeing a change in the demands of buyers but also forcing real estate developers to abide by new norms in an increasingly competitive environment.
Eicher
to launch heavy truck Cowl: Truck maker Eicher Motors Ltd will
launch its heavy commercial vehicle, Eicher 20.15 Cowl, for the
passenger segment, said company sources.
Luxor to launch Waterman\92s pens: Despite stiff competition from imported Chinese pens, the Indian Luxor brand has a good share in the domestic and international markets.
Collaborative
projects galore: NetSpeak takes a look at some new/worthwhile
online collaborative projects.
Tanishq
to foray in US, SE Asian mkts: Tanishq, the leading branded
jewellery maker in the country, has planned to foray in the US and
Southeast Asian marts.
Zee eyes Rs 900 cr net, govt Rs 350 cr:
Subhash Chandra-promoted Zee Telefilms is set to
rake in a Rs 900 crore profit over the next 4 years as a result of
winning the TV rights from BCCI.
Essar
Oil plans to hike number of petrol pumps: Essar oil, one of the
two privately owned auto fuel retailing firms in India, plans to
increase the number of petrol stations it owns to more than 750 by
2005.
New
gilts trading platform from RBI: A new trading platform for
gilts is proposed to be introduced. However, there are a few
controversies.
PFC
clears 8 more project:
Power Finance Corporation (PFC) has cleared eight new projects for
financial closure.
Bourses
steady in narrow trade: The Sensex moved up modestly with
institutional investors making selective purchases in index based
scrips.
Overall:
Sops on the avil
for making power from waste: The government plans to provide financial incentives to encourage state governments and local bodies to set up mini power plants based on urban waste, which has a potential of around 2000 MW.
HAL's Dhruv tops the list:
The `Druv' is the world's best utility helicopter in the 5 to 6
tonne class.
Biotechnology: the revolution begins: India's efforts to
attain a leadership position in biotechnology look achievable given
the human biodiversity that exists here.
Rover arm to source diesel engines:
In a bid to cut costs, British car maker MG Rover
enters India for producing and sourcing 2-litre common rail diesel
engines.
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