Three young rebels, their AK47s propped against wooden stools in the afternoon heat, guard the entrance to the giant Ndassima goldmine carved deep into a forested hilltop in Central African Republic. Sat in a thatched shack at the edge of a muddy shantytown, the gunmen keep the peace – for a price – among hundreds of illegal miners who swarm over the steep sides of the glittering […]
NEW DELHI: Under fire for sitting on foreign investment proposals for singlebrand retailing, the department of industrial policy and promotion has set a maximum time frame of 90 days to process all applications pending with it.
As many as 13 applications from foreign retailers, including Forever 21, Furla and Swarovski, to open single-brand company-owned stores in the country have been pending with the department of industrial policy and promotion (DIPP) for several months.
“We will ensure zero pendency of applications at DIPP and strict compliance to the timeline from now on,” a department official said. DIPP, under the ministry of commerce and industry, is mandated with first-stage vetting
NEW DELHI: Gautam Adani plans to acquire power plants with a total capacity of 5,000 mw, but he will avoid aggressive bids to ensure good returns, a source close to the tycoon said a day after Anil Ambani-led Reliance Group outbid him to buy 1,800 mw hydro power capacity from Jaypee Group.
Gautam Adani is directly involved in evaluating offers and negotiations, something he left to company executives in the past, the source said. The company is in talks with several power sector players, including GMR, Lanco, Indiabulls, Avantha Power and Athena, the source said.
Another person in the Adani Group said there are many sellers in the market, offering projects with a combined capacity of nearly 50,000 mw.
 
Mumbai: State-run Hindustan Petroleum Corporation Limited may go solo on its plans to build its second underground liquefied petroleum gas (LPG) storage facility in Mangalore.
The company which was planning to rope in Total SA of France, to build the cavern jointly, said Total is not interested at present and may join the company at a later stage.
“We see merit in the project and have decided to go ahead. We will commission the detailed feasibility report shortly and then call for tenders in the next four-six months,” said a senior HPCL official.
The cavern, will cost HPCL Rs 700 crore and will store 60,000 tonnes of LPG. HPCL and Total, through their equal joint venture, South Asi
By DAVID E. SANGER July 29, 2014 WASHINGTON — The Obama administration officials engaged in nuclear negotiations with Iran ran into a wall of skepticism at two congressional hearings on Tuesday, with members of both parties insisting on a vote on any final agreement with the Tehran government and administration officials strongly hinting that they have little intention of complying. The disagreements surfaced after Wendy R. Sherman, the under secretary […]
World Briefing By THE ASSOCIATED PRESS July 29, 2014 Insurgents fighting to oust President Bashar al-Assad detonated bomb-packed tunnels under buildings in the contested northern city of Aleppo on Tuesday, killing at least 13 soldiers and pro-government militiamen, said opposition activists at the Syrian Observatory for Human Rights, based in Britain. The explosives were in two tunnels dug under the city’s ancient quarter, they said. This entry passed through the […]
World Briefing By REUTERS July 29, 2014 Militant fighters overran a Libyan special forces base in the eastern city of Benghazi on Tuesday after a battle that killed at least 30 people. An officer with the special forces, which are allied with a renegade general, Khalifa Hifter, said they had to abandon their main camp in the southeast of Benghazi under attack from Islamist fighters and former rebel […]
Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week. Israel’s military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, […]
The U.S. sanctioned three Russian banks and a state-owned shipbuilder that serves Russia’s navy and oil and gas industry, joining with the European Union in escalating the penalties for Russia over its actions in Ukraine. “Russia is once again isolating itself from the international community, setting back decades of progress,” President Barack Obama said at the White House. “We can’t, in the end, make President Putin see […]
A Palestinian displays a portrait of the deputy chief of the Hamas movement, Ismail Haniya, in the rubble of his home in Gaza. By BEN HUBBARD and JODI RUDOREN July 29, 2014 GAZA CITY — Israeli airstrikes flattened the four-story home of Hamas’s top political leader in the Gaza Strip and destroyed offices of the movement’s radio and television station early Tuesday, suggesting a slight operational shift as the battle entered its 22nd […]
Op-Ed Contributors Overblown Fears of Foreign Fighters By CHAMS EDDINE ZAOUGUI and PIETER VAN OSTAEYEN July 29, 2014 BRUSSELS — Since the start of the Syrian civil war, the phenomenon of foreign fighters has been watched warily by Western governments. This is no surprise: Syria is the No. 1 destination for jihadists. Over the last few months, the fear that foreign fighters will return to the West and carry out terrorist attacks has […]
It seems that Generation Y has mistakenly taken its inspiration for matrimony from the short-lived marriages of Hollywood celebrities. Although many of them are in happy relationships now, their early attempts at marriage were famed for their brevity. Take Angelina Jolie and Billy Bob Thornton – they managed two years. Kim Kardashian and Kris Humphries lasted three. Renée Zellweger and Kenny Chesney quit after six months. Till […]
World Briefing By RICK GLADSTONE July 28, 2014 Amir Hekmati, an American of Iranian descent incarcerated in Tehran for nearly three years, spent his 31st birthday in prison on Monday, despite new pleas to Ayatollah Ali Khamenei for his compassionate release sent from prominent Muslim American figures in his home state, Michigan. Letters from the Michigan chapter of the Council on American Islamic Relations and from the Imams’ Council […]
The emirate of Sharjah has appointed HSBC, National Bank of Abu Dhabi and Standard Chartered to manage a debut sukuk transaction, according to two sources away from the transaction. One of the sources said that Sharjah Islamic Bank and the investment banking arm of Kuwait Finance House, KFH Financial, were also mandated on the deal. The transaction could come as early as September. Sharjah would become the […]
A man wrote the names of the dead during funerals at a cemetery in Gaza. By ISABEL KERSHNER and FARES AKRAM July 28, 2014 JERUSALEM — Hostilities in Gaza declined sharply on Monday as both Israel and Hamas entered into an informal hiatus for Eid al-Fitr, the holiday that ends the Muslim holy month of Ramadan. But several rockets and mortars were fired into Israel on Monday. A Palestinian man and […]
By MATT APUZZO July 27, 2014 WASHINGTON — The Obama administration has gone to court to protect the files of an influential anti-Iran advocacy group, saying they likely contain information the government does not want disclosed. The highly unusual move by the Justice Department raises questions about the connections between the American government and the group, United Against Nuclear Iran, a hard-line voice seeking to prevent Iran from obtaining […]
Yvette Cooper addressing the Labour Party conference in Brighton Photo: EDDIE MULHOLLAND FOR THE TELEGRAPH By Cathy Newman, Presenter, Channel 4 News 12:04PM BST 28 Jul 2014 Follow Yvette Cooper has done more than virtually any other MP I can think of to highlight the scourge of domestic violence – and the scandal of the number of brutal men (and some women) who escape justice. So I’ve no […]
Large sections of Gaza, including Gaza City’s Shijaiyah neighborhood, have been destroyed in the current 20-day battle with Israel. By JODI RUDOREN and BEN HUBBARD July 27, 2014 JERUSALEM — Hamas, the militant Palestinian faction that dominates the Gaza Strip, has more to boast about in its current 20-day battle against Israel than ever before. Forty-three Israeli soldiers have been killed in fierce fighting. Gunmen infiltrated Israel through tunnels five times. Rockets […]
MUMBAI: India’s banking sector may be getting ready for a wave of consolidation as the country tries to build institutions of world-class proportions. Four big state-run banks — State Bank of India, Punjab National Bank, Bank of Baroda and Bank of India — have already begun an exercise to identify takeover targets to gain access to franchises that would augment their capabilities, said three top bankers familiar with the move.
The top managements of the four banks are in the process of preparing a blueprint that would explain the rationale for absorbing one or two entities, said the people cited above, none of whom wanted to be named.
Employees at these state-run banks are engaged in the exercise after f
NEW DELHI: In a big push to 31,000-MW of electricity generation plants stranded without fuel, the power ministry has proposed a Rs 5,700 crore subsidy to help operationalise idle gas-based capacity, a loan restructuring scheme for such plants and the supply of coal to projects that will be commissioned before March 2015.
The proposals will benefit 24,148 MW of gas-based projects and 7,230 MW of plants that run on coal, set up at a total investment of about Rs 1,50,000 crore.
An additional 10,930 MW of coal-based plants that will be commissioned before March are also likely to gain. The ministry will approach the Union cabinet with a proposal to pool prices of imported gas and coal with domestic fuels to help stran
New Delhi: GAIL (India), under a petroleum ministry directive, has decided to buy a third of the LNG ships it plans to acquire to ferry the fuel from the US to India, from Indian shipbuilders. Considering that the PSU, whose massive LNG imports from the US would start in 2017, has lined up investments to the tune of $7.6 billion for hiring the required specialised vessels, the move would give a big boost to the Indian shipbuilding industry.
Domestic players such as L&T and Pipavav are among the obvious beneficiaries of the decision, which is in line with the Modi government’s thrust on the domestic manufacturing sector. Although some analysts are doubtful about the feasibility of Indian ship makers meeting such huge demand g
New Delhi: The NDA government has deferred its decision on the procurement of 16 multi-role helicopters for the Indian Navy as one of the two companies in the race for the deal is linked with Finmeccannica– the parent organisation of the scam-tainted firm AgustaWestalnd.
The Defence Acquisition Council headed by Defence Minister Arun Jaitley put off its decision on the procurement of the helicopters for the Navy from vendors including American Sikorsky and European NH Industries, which has Finmeccannica as one of its partners, highly-placed sources said.
Finmeccannica is the parent firm of AgustaWestland firm, whose Rs 3,600 crore contract for supplying 12 VVIP choppers to the IAF has been scrapped by the
Qatar’s state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed on Sunday. Expenditure rose to a record high of 231.7 billion riyals ($63.6 billion) in the year that ended in March, from 205.6 billion riyals in 2012/13, preliminary finance ministry data released by the […]
Slide Show | Surveying the Damage in Gaza Families returned to their homes during a 12-hour cease-fire on Saturday. By BEN HUBBARD July 26, 2014 BEIT HANOUN, Gaza Strip — Families across the Gaza Strip emerged from shelters and returned to their homes during a 12-hour cease-fire on Saturday to survey the damage to their neighborhoods, collect belongings and help dig bodies from the rubble. As the cease-fire expired […]
