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About 15 results for "adani power rsquo"

Jindal, Adani Power, GMR come under govt scanner
Rediff.com

Jindal, Adani Power, GMR come under govt scanner

The move comes in the midst of a court battle between the Naveen Jindal-promoted Jindal Power and the government. The government was planning to refer the bids placed by Jindal Power, Adani Power and GMR for Gare Palma-IV/2&3 blocks in the recently concluded coal block auction to the Competition Commission of India, people close to the developments said. The move comes in the midst of a court battle between the Naveen Jindal-promoted Jindal Power and the government. Jindal Power had ... Rediff.com, 3 weeks ago
Rediff.com

Adani's Rs 65,000-cr solar power dream

In January, Adani Enterprises signed a pact with US-headquartered SunEdison to jointly invest $4 billion in setting up India’s biggest solar panel factory. This would be now helpful to manage supply for the new project in Rajasthan. Image: Gautam Adani. Photograph: Amit Dave/Reuters Billionaire Gautam Adani can not think small. Adani Enterprises is planning to set up a solar power facility of 10,000 megawatt (Mw) in a joint venture with state-run Rajasthan Renewable Energy Corporation.
 Rediff.com2 months ago
Rediff.com

E-auction of coal mines: Will cartels trump the consumers?

The Modi government’s e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com. Is the Narendra Modi government’s policy for the e-auction of coal sustainable? The question is on ...
 Rediff.com2 weeks ago 'India cannot survive without coal'  Rediff.com1 month ago
Rediff.com

Mukesh Ambani is richest Indian for the 8th year

There are 90 Indians in the Forbes Rich List 2015. Image: Mukesh Ambani tops India’s rich list while Bill Gates remains the world’s richest man. Photograph: Reuters     Mukesh Ambani has retained his position as the richest Indian for the eighth year in a row with a net worth of $21 billion, while moving up one place on the global rich list that has been topped once again by software czar Bill Gates. Image: Dilip Shanghvi bags the 44th rank globally and is India’s ...
 Rediff.com2 months ago
Rediff.com

Gujarat model of development: More hype than substance

The Vibrant Gujarat summit in 2013, under Chief Minister Narendra Modi's watch. With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Thakurta. A report of the Comptroller and Auditor General of India on various socio-economic indicators of ...
 Rediff.com1 month ago
Rediff.com

'Our whole concept of coal mine allocations is wrong'

  ‘I have fundamental problems with mines being allocated to end-users. Mining is a commercial operation. It needs expertise and technology.’ ‘If someone has a power plant, how does he become an expert in mining coal? Someone has a steel plant, his expertise is in making steel and not making coal or the mining of coal.’ ‘There are 3 million people without electricity and it is not that power capacities are not there. Power capacities exist but they do not ...
 Rediff.com1 month ago
Rediff.com

'Investors positive on India despite expensive valuations'

Sanjeev Prasad, senior executive director & co-head, Kotak Institutional Equities, tells Vishal Chhabria why he believes the steps government is taking to revive growth will start showing results and why the markets will not correct significantly even as valuations are expensive.  Edited excerpts:  Post the Budget, the markets went up. But, even as the Reserve Bank (RBI) surprised again by cutting rates, the markets are off almost five per cent from the peak levels. Is there a ...
 Rediff.com1 month ago
Rediff.com

Of Welspun, Cyprus and the FEMA conundrum

The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra. Image: The ED has alleged that the Welspun group violated FEMA in their transactions with Red Lebondal Limited, a company registered in 2007 in Cyprus, a tax haven. Photograph: ...
 Rediff.com1 month ago
Rediff.com

Budget blues: ITC loses Rs 40,428 cr in market value on punitive tax

Analysts suggest making separate firms of tobacco, hotels and FMCG divisions Making it one of the biggest losers post Budget, tobacco-to-hotel major, ITC has lost 13 per cent of its market value or Rs 40,428 crore (Rs 404.28 billion) since Budget Day due to a sharp rise in excise duties on cigarettes proposed by the Finance Minister Arun Jaitley. Analysts say the proposed duty hike will shave off 5 per cent of its earnings per share in the fiscal 2016-17 and have unanimously downgraded the ...
 Rediff.com2 months ago
Rediff.com

A peek into the flashy lifestyles of India's richest businessmen

Indian billionaires do not believe in sitting on their wealth. They'd rather go out and a buy a plane or two, or an expensive car, or maybe a horse. Here's a look at the lifestyles and interests of the rich and famous...  In the saddleNaveen Jindal  Image: Naveen Jindal got his first horse when he turned six. Photograph, courtesy: Naveen Jindal/Facebook     Industrialist-politician Naveen Jindal got his first horse when he turned six. It was a birthday present from his ...
 Rediff.com2 months ago
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