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 states 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
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 worlds 20 major economies had hit 4 per cent of the groups 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,Androids latest version (Ice Cream Sandwich).