Briefly Business: R-Power LNG terminal to spark $1-bn investmenthttps://indianexpress.com/article/news-archive/web/briefly-business-rpower-lng-terminal-to-spark-1bn-investment/

Briefly Business: R-Power LNG terminal to spark $1-bn investment

Royal Dutch Shell,Reliance Power and Kakinada Ports will jointly build a floating terminal off the eastern coast of Andhra Pradesh to receive imported liquefied natural gas

R-Power LNG terminal to spark $1-bn investment

New Delhi/Mumbai: Royal Dutch Shell,Reliance Power and Kakinada Ports will jointly build a floating terminal off the eastern coast of Andhra Pradesh to receive imported liquefied natural gas (LNG) and convert it into gas for supply,a project that could entail investments of $1 billion in the state’s gas sector.

‘Cos to get unique No. to report overseas investments’

New Delhi: To simplify the online reporting framework for overseas investment by Indian companies,the RBI on Thursday said Unique Identification Number will be allotted to them.

US economy expands 1.9% in first 3 months of 2012

Washington: The US economy grew at a slower than expected pace at 1.9 per cent in the first three months of 2012.

India,Bahrain sign pact to curb tax evasion

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New Delhi: Taking yet another step towards tracking black money stashed abroad,India on Thursday signed an agreement with Bahrain that is aimed at curbing tax evasion and avoidance.

WTO warns G20 against protectionism

Mumbai: The head of the World Trade Organisation Pascal Lamy on Thursday warned that protectionist policies across the world’s 20 major economies had hit 4 per cent of the group’s trade.

Alcatel Lucent to create IP network for Airtel

New Delhi: Bharti Airtel has selected Alcatel-Lucent to create Internet protocol (IP) access network based on Carrier Ethernet technology (CEN). The IP network will allow Bharti Airtel to meet user’ surging bandwidth requirements.

Samsung Galaxy S III comes to India

New Delhi: Samsung has launched its flagship handset,Galaxy S III,in India. At Rs 43,180,the phone comes with 4.8-inch super AMOLED display,an 8-MP camera,Android’s latest version (Ice Cream Sandwich).