Category «News»

Private Investments in Building Rail Infrastructure

Railways encourage private investments in building rail infrastructure. A new policy for building and strengthening rail connectivity and capacity augmentation has recently been announced. Some of the other areas where railways encourage private investments are development of Private Freight Terminals, Procurement and Leasing of Wagons, Operations of container trains, redevelopment of stations, Loco & Coach …

Sensex, Nifty bounces back on +ve economic outlook

After previous day’s carnage, the Indian equity market ended with smart gains on Wednesday as the benchmark indices bounced back with vengeance. Sentiment got a boost after the Congress-led UPA government raised the growth projection for fiscal year 2013-14. India’s economy may grow at 6.1-6.7% for the year 2013-14, the government forecast in a report. …

Government Approves Nine Proposals of Foreign Direct Investment Amounting to About Rs.1140.14 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on January 21, 2013, the Government has approved nine (9) Proposals of Foreign Direct Investment amounting to Rs.1140.14crore approximately.             In addition, one proposal viz., M/s Ingka Holding Overseas B.V., amounting to Rs.10,500 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA). Following are the details of the proposals considered in the Foreign Investment Promotion Board (FIPB) in itsMeeting held on 21.01.2013 :                        Following Nine (9) …

Boost for intra-African, BRICS trade

South African companies, including foreign companies based in South Africa, stand to benefit from relaxed cross-border financial regulations and tax requirements, Finance Minister Pravin Gordhan announced in Cape Town on Wednesday. Delivering his 2013 National Budget speech in Parliament, Gordhan said that outward investment reforms that applied as part of a new set of “gateway …

Mr. Sanjay Deshmukh, Area Vice President – India Subcontinent, Citrix: on Budget 2013-14

“The Union Budget 2013-2014 has been an affirmative, balanced and realistic one that will boost our economic growth, even though it hasn’t been particularly relevant from an IT hardware and software perspective. On a positive note, provisions for post offices deploying core banking tech and schemes for modernization and technology upgradation in the textile sector; …

Tenova Core Installs Consteel® System at Andec

Pittsburgh, PA, February 27, 2013— Tenova Core has recently completed the installation and commissioning of a Consteel® system for the Ecuadorian steelmaker Andec, at the company’s Guayaquil works. It is the first Consteel® installation in the region and the world’s most compact Consteel system. The Consteel® technology is an important part of a plant “micro-mill” …

Mineral diversity clue to early Earth chemistry

Washington, D.C.— Mineral evolution is a new way to look at our planet’s history. It’s the study of the increasing diversity and characteristics of Earth’s near-surface minerals, from the dozen that arrived on interstellar dust particles when the Solar System was formed to the more than 4,700 types existing today. New research on a mineral …