Industry News
Govt gets Rs 555 cr TUFS claims
The government stated that under a scheme for technology upgrade of the textiles industry, it received subsidy claims amounting to Rs 554.62 crore.
This was said by the Minister of State for Textiles Panabaaka Lakshmi informed the Lok Sabha in a written reply.
Meanwhile, the textiles industry gets subsidy under the Technology Upgradation [...]
Russia may invite ONGC for energy projects
In order to develop oil and gas fields in Russia, Russia might invite Oil and Natural Gas Corporation (ONGC).
The government said this ahead of Prime Minister Vladimir Putin’’s visit to India.
Meanwhile, ONGC has agreed to cooperate with oil-to-telecoms group Sistema and might also gain its way into lucrative oil and [...]
Audi eyes numero uno position in Indian market by ”15
With a perspective to beat rivals BMW and Mercedes, the Audi is eyeing to acquire the numero uno position in the Indian premium car market in the next 5 years and tripling its sales in the country by then.
Mr. Peter Schwarzenbauer, AUDI AG board member said by 2015, the company is [...]
Oil prices above $82 a barrel
As the world economy recovers from recession, oil prices increased in Asian trade, lifted by signs of stronger demand.
New York’’s light sweet crude for April delivery, added nine cents to $82.20 a barrel while London’’s Brent North Sea crude for April was up nine cents to $80.37.
Victor Shum, an analyst with [...]
Govt to meet pvt steelmakers to review output target
After a meeting with private sector producers like Tata Steel, JSW and Essar, the government will revise the capacity addition target of steel companies by 2012.
A meeting with major private steel producers will be held shortly in the Ministry of Steel.
This will held in order to review the current status of [...]
”Time, cost overruns mar the prospects of infra projects”
A study stated that during the period between 1992 and 2009, time and cost overruns have delayed 850 infrastructure projects out of a 1,035.
Meanwhile, of the 1,035 infrastructure sector projects completed during April 1992-March 2009, 41% faced cost overruns and 82% saw time overruns.
This was said by a joint study by [...]
