Indigo inks $2.6 billion deal with Chinese bank


IndiGo, India's budget passenger carrier, has signed a finance and leasing agreement worth $2.6 billion with the Industrial and Commercial Bank of China (ICBC) whereby the bank will finance more than 30 new aircrafts. Wang Hejun, commercial counsellor at the Chinese embassy, made the announcement at a Ficci-organised India-China business meeting here that began soon after … [Read more...]

Himachal Pradesh moves to simplify hydro project clearances

hydro power projects

Himachal Pradesh Chief Minister Virbhadra Singh revealed that his government has simplified the clearance process involved in hydropower projects in the state in a bid to ramp up the completion of currently pending projects and to attract new project proposals. Addressing members of the Himachal Pradesh State Electricity Board Ltd Power Engineers Association at Sundernagar … [Read more...]

Digital India scheme: Centre to focus on three points

big data

Ravi Shankar Prasad, India's Communication and IT Minister, revealed on Saturday last week that the central government was going to focus on three points viz. digital infrastructure, governance and services to drive forward its 'Digital India' scheme. The minister said: "Digital infrastructure, governance and services on demand and digital empowerment of citizens are the … [Read more...]

Tata Odisha plant to start operations by March 2015

Tata Steel

Tata Steel has revealed that the first unit of its 55,000 tonne per annum (TPA) capacity ferro chrome plant slated for Odisha's Ganjam district will start operations by March 2015. The steel major has already got in-principle approvals from the designated authorities to set up an industrial park in the port town of Gopalpur, about 170 km from state capital … [Read more...]

SC to CBI chief: respond to allegations in NGO CPIL


The apex court in India has asked Ranjit Sinha, CBI director, to respond to allegations made by an NGO CPIL, which claims that the CBI chief had been frequently meeting with those accused in 2G case and other such cases. The Supreme court bench headed by Chief Justice designate Justice H.L. Dattu has given a week's time to Sinha to respond to the allegations. The bench said … [Read more...]