Daily Archives: October 5, 2018

Russian oil firm Rosneft slams Indian taxation system, calls it hurdle

Russian oil firm Rosneft, the biggest foreign investor in India’s energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans. Rosneft and its partners had in August last year completed a USD 12.9-billion acquisition of Essar Oil to enter the world’s fastest-growing energy market, but have

India, Russia sign pact to implement new civil nuclear projects

India and Russia on Friday signed a document for cooperation to implement new nuclear power project (NPP). The document was signed following the discussions between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin during the 19th India-Russia Annual Bilateral Summit in New Delhi. The document called an ‘Action Plan for Prioritisation and Implementation

Kannur International airport to be commissioned on December 9

Kannur International Airport, the second greenfield airport set up under the public-private partnership (PPP) model, near Mattannur in Kannur district would be inaugurated on December 9. The date for the inauguration was fixed as the Director General of Civil Aviation has accorded commercial flight operation licence to the airport, a release from the office of

MPUVN rooftop solar gets lowest ever tariff of Rs 1.38 per unit

Madhya Pradesh Urja Vikas Nigam (MPUVN) Friday announced that it has achieved historic low tariff of Rs 1.38 per unit for central government buildings in its RESCO II rooftop solar tender, an official statement said. State government medical colleges, also a beneficiary in the tender, have got a rate of Rs 1.63 per unit for

No instant fix to the IL&FS mess: Another $4.6-mn debt payment default

Infrastructure Leasing & Financial Services Ltd. is missing more debt obligations, even as the Indian government pledged to prevent further defaults, underscoring the challenges its new board faces in fixing the firm’s mounting debt problems. IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totaling 339 million rupees

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