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Nov 24, 2014

India’s Jindal Steel shelves $10 bln project after coal setback

NEW DELHI (Reuters) – India’s Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a court decision to scrap coalfields allocated to private firms since 1993.

Jindal Steel’s 1.5 billion ton coalfield in the eastern state of Odisha was among 214 canceled by the Supreme Court in September, when it ruled the practice of selective allocation was illegal and arbitrary. With nine coalfields taken back, the company has been worst hit by the tougher-than-expected verdict.

Nov 24, 2014

Jindal Steel shelves $10 bln project after coal setback

NEW DELHI (Reuters) – Jindal Steel and Power Ltd(JNSP.NS: Quote, Profile, Research) has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.

Jindal Steel’s 1.5 billion tonne coalfield in Odisha was among 214 cancelled by the Supreme Court in September, when it ruled the practice of selective allocation was illegal and arbitrary. With nine coalfields taken back, the company has been worst hit by the tougher-than-expected verdict.

Sep 25, 2014

Interview – Pakistan plans to carve up ailing PIA, in talks with Gulf airlines

NEW DELHI (Reuters) – Pakistan plans to split ailing national flag carrier PIA into two companies and sell control of the core business to a global airline over the next 18 months, but political opposition to the sell-off will be intense, the country’s privatisation czar said.

Financial advisers are now in talks with several airlines about taking over cash-strapped Pakistan International Airlines (PIAa.KA: Quote, Profile, Research), which has some 17,000 employees but just 36 aircraft – and 10 of them are grounded due to a lack of spare parts.

Sep 25, 2014

Pakistan plans to carve up ailing PIA, in talks with Gulf airlines

NEW DELHI, Sept 25 (Reuters) – Pakistan plans to split
ailing national flag carrier PIA into two companies and sell
control of the core business to a global airline over the next
18 months, but political opposition to the sell-off will be
intense, the country’s privatisation czar said.

Financial advisers are now in talks with several airlines
about taking over cash-strapped Pakistan International Airlines
, which has some 17,000 employees but just 36 aircraft
- and 10 of them are grounded due to a lack of spare parts.

Aug 15, 2014

Modi vows to fix government muddle

NEW DELHI (Reuters) – Prime Minister Narendra Modi voiced dismay on Friday at the government in-fighting he found on assuming office in May and vowed to fire up the bureaucracy to deliver results in a country desperately in need of growth and development.

Delivering his first Independence Day speech, Modi emphasised the need for better governance but announced none of the sweeping market reforms that many who handed him India’s biggest election mandate in three decades have been awaiting.

Aug 15, 2014

India’s Modi vows to fix government muddle

NEW DELHI, Aug 15 (Reuters) – Indian Prime Minister Narendra
Modi voiced dismay on Friday at the government in-fighting he
found on assuming office in May and vowed to fire up the
bureaucracy to deliver results in a country desperately in need
of growth and development.

Delivering his first Independence Day speech, Modi
emphasised the need for better governance but announced none of
the sweeping market reforms that many who handed him India’s
biggest election mandate in three decades have been awaiting.

May 25, 2014

Even before he is crowned, Modi struts the global stage

NEW DELHI (Reuters) – Narendra Modi will be sworn in on Monday as India’s prime minister at a glittering ceremony that will be as much a show of his determination to be a key player on the global stage as a celebration of his stunning election victory.

For the first time in India’s history, a clutch of South Asian leaders will be among the guests watching Modi’s inauguration at the presidential palace in New Delhi – including the prime minister of arch-rival Pakistan, Nawaz Sharif.

May 25, 2014

Even before he is crowned, India’s Modi struts the global stage

NEW DELHI (Reuters) – Narendra Modi will be sworn in on Monday as India’s prime minister at a glittering ceremony that will be as much a show of his determination to be a key player on the global stage as a celebration of his stunning election victory.

For the first time in India’s history, a clutch of South Asian leaders will be among the guests watching Modi’s inauguration at the presidential palace in New Delhi – including the prime minister of arch-rival Pakistan, Nawaz Sharif.

May 18, 2014

With a dubious legacy, the “accidental” premier bows out

NEW DELHI (Reuters) – When it was clear that he was set for a stunning election victory last week, Narendra Modi sent a message that read simply “India has won”: It instantly set a record as the country’s most retweeted Twitter post.

And yet two days earlier the top trend on Twitter India had been #ThankYouDrManMohanSingh, a popular tribute to Manmohan Singh, who bows out after 10 years as prime minister with deep respect even if voters thrashed his party in the polls.

May 18, 2014

With a dubious legacy, India’s ‘accidental’ premier bows out

NEW DELHI (Reuters) – When it was clear that he was set for a stunning election victory last week, India’s Narendra Modi sent a message that read simply “India has won”: It instantly set a record as the country’s most retweeted Twitter post.

And yet two days earlier the top trend on Twitter India had been #ThankYouDrManMohanSingh, a popular tribute to Manmohan Singh, who bows out after 10 years as prime minister with deep respect even if voters thrashed his party in the polls.

    • About John

      "John Chalmers is the Reuters' Bureau Chief for South Asia. He was previously a correspondent in London, Paris, Hanoi, New Delhi and Brussels."
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