Indian Power Sector News

Tough challenges ahead for renewable energy sector - Business Standard

Tue, 10/05/2016 - 12:12am

Business Standard

Tough challenges ahead for renewable energy sector
Business Standard
Beyond the headlines that the renewable energy sector made since the National Democratic Alliance came to power, there are lofty targets to be met and several unfinished tasks to be accomplished. While India saw record capacity addition in both solar ...

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Sensex earnings may grow 23% or more in FY17 due to low base: Raamdeo Agrawal - Business Standard

Mon, 09/05/2016 - 11:09pm

Business Standard

Sensex earnings may grow 23% or more in FY17 due to low base: Raamdeo Agrawal
Business Standard
Thus, commodity companies in the power sector, the likes of Tata Steel, ONGC (Oil and Natural Gas Corporation) and Oil India might actually do better from here on. The base is so low that Sensex companies may report 23 per cent or higher growth in FY17.

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KV Kamath says NPA worries over-blown, resolution in short-term - Economic Times

Mon, 09/05/2016 - 10:33pm

NDTV

KV Kamath says NPA worries over-blown, resolution in short-term
Economic Times
Comparing the Indian scenario with China's in the early 2000s, Kamath said at USD 500 billion, non performing assets accounted for 50 per cent of the northern neighbour's GDP at that time and now, have recovered to be among the largest banks in the ...
India's bad loan problem overblown, says KamathBusiness Standard

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GMR off-loads 30 pc stake in GMR Energy to pare debt - Times of India

Mon, 09/05/2016 - 7:22pm

The Star Online

GMR off-loads 30 pc stake in GMR Energy to pare debt
Times of India
Furthermore, Tenaga has the right to invest in Chhattisgarh and other assets any time in the next five years, he said, adding that synergies between both the groups will lead to a long and strong partnership benefiting both GEL and the Indian power sector.
GMR divests 30% in energy assetsBusiness Standard
TNB to invest in India's GMR Energy for US$300mThe Sun Daily
TNB subscribes to 30% stake in India's GMR Energy for RM1.2bThe Edge Markets MY
Indiainfoline -The Star Online -The Hans India
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Pakistan must speed up reform, employ more women for growth: World Bank - The Indian Express

Mon, 09/05/2016 - 5:43pm

The Indian Express

Pakistan must speed up reform, employ more women for growth: World Bank
The Indian Express
But he urged faster reform in the energy sector, which has suffered decades of under-investment. Businesses say frequent power outages hurt growth and investment. “To me, the whole story around power reforms is still only half done,” Patchamuthu told ...

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GMR divests 30% in energy assets - Business Standard

Mon, 09/05/2016 - 3:25pm

Free Malaysia Today

GMR divests 30% in energy assets
Business Standard
G M Rao, group chairman, GMR Group, said: “India's substantial and sustained economic growth will require collaboration from all stakeholders in the power sector. We believe our partnership with a major power sector player like Tenaga is one of the ...
GMR off-loads 30 pc stake in GMR Energy to pare debtTimes of India
TNB to invest in India's GMR Energy for US$300mThe Sun Daily
Tenaga Nasional buys RM1.2 billion stake in India firmFree Malaysia Today
The Edge Markets MY -Indiainfoline -The Hans India
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Don't be fooled: Fall in crony wealth more on bad business than political will - Firstpost

Mon, 09/05/2016 - 2:38pm

Business Standard

Don't be fooled: Fall in crony wealth more on bad business than political will
Firstpost
The dictionary meaning of the word crony is a 'close friend or companion', normally used in the context where this companion (a politician in power or a businessman) is willing to give or accept a dishonest help. ... licences they shouldn't have in ...
Crony capitalists' wealth in India shrinks, says The EconomistBusiness Standard

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Sensex firms may grow 23% or more in FY17 due to low base: Raamdeo Agrawal - Business Standard

Mon, 09/05/2016 - 9:09am

Business Standard

Sensex firms may grow 23% or more in FY17 due to low base: Raamdeo Agrawal
Business Standard
Thus, commodity companies in the power sector, the likes of Tata Steel, ONGC, Oil India might actually do better from here on. The base is so low that Sensex companies may report 23% or even higher growth in FY17. Also, falling interest rates will ...

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Piyush Goyal Raps Successive TN Governments for Power Crisis - The New Indian Express

Mon, 09/05/2016 - 6:22am

The New Indian Express

Piyush Goyal Raps Successive TN Governments for Power Crisis
The New Indian Express
The AIADMK and DMK were responsible for the crisis in power sector in the State that has a great potential, he said, alleging that Tamil Nadu has seen only corruption for the past three decades. “It is like a race to the bottom,” he added. In contrast ...
Piyush Goyal slams successive governments for power losses in TNThe News Minute

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Renewable energy gets new lease of life - Business Standard

Mon, 09/05/2016 - 1:31am

The Indian Panorama

Renewable energy gets new lease of life
Business Standard
While record capacity addition and low tariffs in solar power have made headlines, there are several issues that have been overlooked. In a two-part series, Business Standard looks at the bright spots of the Indian green energy sector and looming threats
Cheap Chinese solar and wind power equipment a threat to Indian missionsEconomic Times
Union Minister of State (IC) for Power, Coal, New & Renewable Energy describes government's efforts at improving ...The Indian Panorama

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India's underpowered foreign policy - Livemint

Mon, 09/05/2016 - 12:43am

Livemint

India's underpowered foreign policy
Livemint
To be fair, the complex and chaotic geopolitical scenario confronting India (and every other major power) does not lend itself to easy analysis or response. Nor is the government alone well-equipped to evaluate the challenges and opportunities that the ...

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Do Not Be Lured by Freebies, Mayawati Tells Voters - The New Indian Express

Mon, 09/05/2016 - 12:13am

The New Indian Express

Do Not Be Lured by Freebies, Mayawati Tells Voters
The New Indian Express
While the ruling AIADMK has promised cell phones free of cost and 100 units of power to all if voted to power, DMK has assured free 3G/4G connections. Seeking votes for her party candidates in the Assembly polls to be held here on May 16, Mayawati said ...

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From Plate to Plough: Drop by careful drop - The Indian Express

Mon, 09/05/2016 - 12:00am

The Indian Express

From Plate to Plough: Drop by careful drop
The Indian Express
Bundelkhand and Marathwada are just samples, but in reality more than 250 of India's 680 plus odd districts have experienced severe drought, where even drinking water became a major problem. Illustration by: ... One innovation could be installing ...

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The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis - The Hindu

Sun, 08/05/2016 - 11:28pm

The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis
The Hindu
In November 2015, it agreed to sell a 49 per cent stake in its electricity generation, transmission and distribution business in Mumbai and adjoining areas to Canadian pension fund Public Sector Pension Investment Board (PSP Investments). The ...

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Political risk to markets? - Business Standard

Sun, 08/05/2016 - 11:21pm

Political risk to markets?
Business Standard
Beyond India, there are potential political risks that could affect the global economy, brewing in Brazil, in the United Kingdom, in West Asia and North Africa, in Russia and in China. In Brazil, economic weakness is being ... Debt has exploded as ...

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Why State deficits matter - Hindu Business Line

Sun, 08/05/2016 - 9:44pm

Hindu Business Line

Why State deficits matter
Hindu Business Line
In the mid-2000s, when the Indian economy was growing at a rapid clip of 8 per cent plus, State government finances were well ahead of the Centre in terms of fiscal prudence. Many States even reported a revenue surplus. The combined fiscal deficit of ...

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Managing Saudi's New Energy Mega-ministry May Bring Challenges - The New Indian Express

Sun, 08/05/2016 - 8:23pm

Managing Saudi's New Energy Mega-ministry May Bring Challenges
The New Indian Express
The new Energy, Industry and Mineral Resources Ministry, under Khalid al-Falih, already chairman of state oil company Saudi Aramco, will handle oil and gas extraction, power generation and distribution, mining and industrial development. The changes ...

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Goyal Blames 'Corrupt' DMK, AIADMK for Losses in TN Power Sector - The New Indian Express

Sun, 08/05/2016 - 4:41pm

The New Indian Express

Goyal Blames 'Corrupt' DMK, AIADMK for Losses in TN Power Sector
The New Indian Express
Underlining Centre's commitment for ensuring adequate power supply to Tamil Nadu, Goyal said the transmission network between north and south India has been expanded by 71 per cent and three coal blocks have been allotted for the state to ensure there ...

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FIR against Bhupinder Singh Hooda, four others in AJL plot case - The Indian Express

Sun, 08/05/2016 - 4:14pm

The Indian Express

FIR against Bhupinder Singh Hooda, four others in AJL plot case
The Indian Express
The Indian Express was the first to report — in December 2015 — on alleged irregularities in the allotment of a 3,360-sq-m plot in Sector 6, Panchkula, to AJL. The plot was allotted by the Haryana lodges FIR against ex-HUDA chief Hooda in AJL case ...
Hooda accuses Haryana's BJP government of revenge politicsTimes of India

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First FIR in National Herald land deal in Panchkula, trouble for the Gandhis - Firstpost

Sun, 08/05/2016 - 8:20am

First FIR in National Herald land deal in Panchkula, trouble for the Gandhis
Firstpost
The FIR, which reads like a synopsis of the Firstpost expose translated in Hindi, alleges abuse of power to fraudulently prepare false records to allot the plot at a lower rate, causing a loss of Rs 62 lakh to the state exchequer. ... As per the ...

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