logo

News related to
world

NEW DELHI: Private power producers have raised several concerns over bidding norms for ultra mega power plants (UMPPs), particularly the design-build-finance-operate-transfer (DBFOT) model where lenders’ exposure to the project is not fully secured.   Under the model, developers are required to transfer the power plant to the government at the end of the contract period, a provision that makes potential lenders jittery.   Last week, Adani Power, […]

There were six in contention; four were dropped, and one became the Chosen One: The Rafale.   In French, ‘Rafale’ poetically means a ‘sudden gust of wind.’   It was one of the six fighter aircraft in competition for the Medium Multi-Role Combat Aircraft, MMRCA, when the Indian Air Force wanted to acquire 126 polyvalent fighter planes.   In April 2011, the IAF shortlisted two birds — […]

Rescue team members carry avalanche victims to safety at Thorong La pass Photo: AP In the wake of one of Nepal’s worst trekking disasters, the rescue efforts are just beginning. Already, harrowing stories are emerging. Hundreds of tourists and Nepalis have been caught up in the recent snow storms and avalanches in the Himalayan mountains, killing more than 40 and injured nearly 200. One British visitor spoke of […]

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement. “We regret to notify you that Standard Chartered Bank will no longer be able to provide banking services to you, and your account(s) will be closed 30 days from the date of this […]

A “limited fire” broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said. An industry source told Reuters there was no impact on oil operations in the world’s top crude exporter. SPA, citing the spokesman for police in Eastern Province, said authorities were at the scene quickly and had put […]

By Barun Das Gupta   KOLKATA: One of the first priorities of the NDA Government on coming to power was to address the task of speedily narrowing down the asymmetrical gap in India’s defence vis-à-vis China along the entire Himalayan border.  In fact, this should have begun in right earnest more than half a century ago, immediately after India’s disastrous military defeat at the hands of the […]

NEW DELHI: The Narendra Modi government made a volte face of sorts on Friday when it cited the same reasons that the previous Congress-led regime had given to keep secret the names of people who have allegedly stashed black money in overseas accounts.   In an application to the Supreme Court, which had directed the government to reveal those names, the government said such a step would […]

Advertisements

MUMBAI: At one of the customary premonetary policy meetings with industry, former Reserve Bank of India governor Duvvuri Subbarao wanted to know how many of those present would benefit from an interest rate cut. Almost all hands went up. The next question was how many would pass on the lower cost to customers. Almost no one raised their hands. Subbarao kept interest rates unchanged. The voice of […]

NEW DELHI: India Friday called for building the SAARC power grid so that excess power produced in one region of South Asia can be used to meet deficits elsewhere.   Addressing the fifth South Asian Association for Regional Cooperation energy ministers meet here, Power Minister Piyush Goyal said that with the implementation of such a grid, hydel power generated in India’s northeast, for instance, could be transported […]

NEW DELHI: India is likely to next month sign a deal to lay an oil pipeline to Nepal for supply of petrol, diesel and ATF, said Sunil Kumar Thapa, Commerce Minister of the Himalayan nation.   Prime Minister Narendra Modi during his visit to Nepal in August had “assured that India will assist in putting up a pipeline,” he told reporters after meeting Oil Minister Dharmendra Pradhan […]

New Delhi: Shortly after 10 am on Friday, while the prime minister was exhorting an annual meeting of top military commanders from the Army, Navy and Air Force to be ready for any call to arms, India’s newest missile blasted off from a canister at the Chandipur test range on the coast of Odisha.   This was the Nirbhay long-range cruise missile, which can hit a target […]

Hong Kong police clashed with about 9,000 protesters in the Mong Kok district overnight after authorities cleared barricades, and student leaders asked the government to hold promised talks by Oct. 22. Police, some in full riot gear, battled with demonstrators for control of major roads in the busy shopping district north of the city’s harbor, less than 24 hours after authorities had cleared protest barricades and opened […]

|By Rashidul Bari| When I was writing Grameen Social Business Model, a book detailing the search for a weapon to use against poverty and terrorism, Malala Yousafzai played a key, but kind of secondary, role, a supporting character. But I kind of found, when I was writing another article, “Why do they Hate Obama?” that the force of Malala kept trying to take over, kept trying to […]

The morning after: dejected Yes supporters head home up the Royal Mile in Edinburgh  After a lifetime in the business world, Lord Smith of Kelvin is bound to have come across his fair share of chancers. However, I do wonder if he realises what he has taken on in agreeing to hold the coats in the war between Scotland’s political parties over what “extensive” extra powers should […]

By Subrata Majumder   Paradoxically, while Prime Minister Narendra Modi succeeded in persuading the Japanese and Chinese investors, he failed to influence the big American investors. Instead, his political wave and speech impelled the Indian Diaspora only. While a number of billion dollar projects were signed during his visit to Japan and the Chinese President Xi Jinping’s visit to India, no major deal was signed during his […]

NEW DELHI: Having proved himself as a ‘rock star’ abroad and a vote-getting machine at home, Prime Minister Narendra Modi is now going to do what people are telling him to do: Take policy decisions that cannot be put off any longer.   The first of these is a Cabinet reshuffle likely by the end of this month – after Diwali. A brace of decisions on economic […]

NEW DELHI: Fuel stockpiles at the thermal power stations hit a new low in 25 years at 7.2 million tonnes, as Coal India and its subsidiaries failed to meet their production targets, as per latest official data.   According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes. This 7.2 million tonnes […]

New Delhi: Oil companies’ gains on diesel sales jumped 87 per cent within a fortnight on a historic slide in global crude prices. Their profits from diesel, recorded for the first time ever, continue as the government delays a decision on deregulating its price.   “The over-recovery on high-speed diesel (HSD), applicable for the second fortnight effective October 16, is now Rs 3.56 per litre. The over-recovery […]

NEW DELHI: DRDO is developing an air-launched version of the 1,500-km-range Nirbhay sub-sonic cruise missile which would be capable of being fired from the Air Force’s frontline Su-30MKI combat aircraft.   “This Nirbhay missile would be capable of being used from air, land and ships and submarines. An air-launched version of the missile is also being planned,” DRDO chief Avinash Chander told PTI here.   He said […]

Asian stocks clawed back some of this week’s losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.2 percent, though it is likely to log its sixth straight week of losses with a fall of 0.5 percent so […]

Dubai’s Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, refinanced an $880 million loan to take advantage of favorable market conditions and secure a better interest rate, the company confirmed to Reuters on Thursday. As well as reducing the borrowing cost, the loan was also increased in size to $1.1 billion, according to banking sources. The facility is the latest example of […]

An advertisement by the highway outside Dubai’s massive Jebel Ali Port tells firms they don’t need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. “Why go through the Strait when you can go straight to the Gulf,” the billboard […]

NEW DELHI: The telecom regulator has proposed to set the base price of 1800 MHz band in the upcoming spectrum auctions at 10% more than the previous round, a recommendation that operators and analysts say is likely to hurt an industry that is laden with debt and facing an uncertain business environment.   The Telecom Regulatory Authority of India (Trai) has suggested Rs 2,138 crore as the […]

KOLKATA: NTPC is firming up plans to enter power distribution, an area the state-run company has mostly stayed away from so far despite producing more than a quarter of India’s total electricity output.   It plans to bid for distribution rights in cities that may open up the segment to the private sector. Just a handful of Indian cities at present have private distributors, all in joint […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
ADIA subsidiary seeks $7.5 billion private investment financing // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // Dubai details five-year visa benefits for returning visitors // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // HKUST President and Chinese Academy of Sciences Academician Prof. Nancy Ip Receives UNESCO Honor for a Second Time // Vijayan accuses CM of being evasive // Wall Street’s AI Reckoning Offers India A New Opening // Motorola introduces Signature 27 flagship priced at $1,599 // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Employees Up In Arms Against Sale Of IDBI To Canadian Company Fairfax // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // OpenAI introduces GPT-6 Cyber with restricted security access // Greens back Sreedharan plan // Vijayan accuses CM of being evasive // Excise chief shunted out in bar licence dispute // X’mas bumper lottery prize money raised to ₹25 crore // Bail refused to Kochi sex assault accused // Microfinance case trouble for Vellappally // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // X’mas bumper lottery prize money raised to ₹25 crore //