Matthias's Feed
Oct 11, 2013

India’s Welspun Energy to invest $1.6 bln in solar, wind projects by 2017

NEW DELHI, Oct 11 (Reuters) – India’s Welspun Energy, which
will commission the world’s second-largest solar power plant and
two other projects by December, will invest an additional $1.6
billion in new projects over three years, its managing director
said on Friday.

The 151 MW plant in the central Indian state of Madhya
Pradesh is a part of Welspun’s push to capture a slice of the
renewable energy market that the government hopes will nearly
double in the five years to 2017.

Sep 21, 2013

Before PM’s U.S. trip, India rushes to ready nuclear deal

NEW DELHI (Reuters) – India is making a last-minute push to close a nuclear deal in time for a meeting between U.S. President Barack Obama and Prime Minister Manmohan Singh, who has made atomic energy cooperation with Washington a hallmark of his tenure.

Under the proposed deal, India would contract Toshiba’s (6502.T: Quote, Profile, Research) U.S. nuclear unit Westinghouse for preliminary works, including information sharing, a senior Indian official said. The aim is to build nuclear plants in the state of Gujarat.

Sep 20, 2013

India rushes to ready nuclear deal before Singh’s U.S. trip

NEW DELHI (Reuters) – India is making a last-minute push to close a nuclear deal in time for a meeting between U.S. President Barack Obama and Prime Minister Manmohan Singh, who has made atomic energy cooperation with Washington a hallmark of his tenure.

Under the proposed deal, India would contract Toshiba’s U.S. nuclear unit Westinghouse for preliminary works, including information sharing, a senior Indian official said. The aim is to build nuclear plants in the state of Gujarat.

Sep 17, 2013

GMR sells $35 million highway stake to slash debt

NEW DELHI (Reuters) – GMR Infrastructure(GMRI.NS: Quote, Profile, Research) has sold its majority stake in a highway project for about $35 million, as debt-laden companies step up sales of some assets to boost earnings in a sector struggling with a weak economy.

GMR, one of the country’s best known infrastructure groups, whose interests span airports to power plants, said it had sold its 74 percent stake in Ulundurpet Expressways to the India Infrastructure Fund of IDFC Ltd (IDFC.NS: Quote, Profile, Research).

Sep 17, 2013

India’s GMR sells $35 million highway stake to slash debt

NEW DELHI (Reuters) – India’s GMR Infrastructure Ltd (GMRI.NS: Quote, Profile, Research, Stock Buzz) has sold its majority stake in a highway project for about $35 million, as debt-laden companies step up sales of some assets to boost earnings in a sector struggling with a weak economy.

GMR, one of the country’s best known infrastructure groups, whose interests span airports to power plants, said it had sold its 74 percent stake in Ulundurpet Expressways to the India Infrastructure Fund of IDFC Ltd (IDFC.NS: Quote, Profile, Research, Stock Buzz).

Sep 9, 2013

India recommends big cut in mobile phone spectrum price

NEW DELHI (Reuters) – India on Monday proposed a cut of up to 60 percent in minimum auction prices for mobile phone spectrum in a response to lukewarm interest from telecom companies in two previous sales.

The proposed price cuts by the country’s telecoms regulator could get a positive response from carriers such as Bharti Airtel Ltd (BRTI.NS: Quote, Profile, Research, Stock Buzz) and Vodafone Group Plc’s (VOD.L: Quote, Profile, Research, Stock Buzz) local business in India.

Sep 4, 2013

Tata Motors to launch diesel Nano car by end of March

NEW DELHI, Sept 4 (Reuters) – Tata Motors will
launch a diesel-powered version of its ultra-cheap Nano by the
end of March 2014, its managing director said, hoping to
kick-start demand for the model after years of disappointing
sales.

Launched to great fanfare in 2009 as the world’s cheapest
car, the Nano has been dogged by poor sales, which slumped 27
percent in the company’s financial year that ended on March 31.

Sep 1, 2013

Speedier clearances no magic wand for India’s infrastructure logjam

NEW DELHI, Sept 2 (Reuters) – Scrambling for remedies as
investors’ faith in India sagged, the government said last week
it fast-tracked approval for a slew of infrastructure projects
worth $28 billion: but the stroke of a pen in New Delhi will not
be enough.

The government hopes that speeding up the launch of hundreds
of new power plants, highways and oil exploration blocks will
breathe new life into an economy that has fallen off its perch
as an emerging market high-flier.

Aug 25, 2013

Mumbai rape case: police round up all five suspects

NEW DELHI (Reuters) – The police have arrested all five suspects in connection with the gang-rape of a photo journalist in Mumbai last week, a senior official said on Sunday, in a case that has revived uncomfortable questions about women’s safety.

News of the attack on Thursday sparked street protests and uproar in parliament, a reaction reminiscent of the outcry that followed the rape and murder of a student in New Delhi in December.

Aug 25, 2013

Indian police round up all five suspects in Mumbai rape case

NEW DELHI (Reuters) – Indian police have arrested all five suspects in connection with the gang-rape of a photo journalist in Mumbai last week, a senior official said on Sunday, in a case that has revived uncomfortable questions about women’s safety.

News of the attack on Thursday sparked street protests and uproar in parliament, a reaction reminiscent of the outcry that followed the rape and murder of a student in New Delhi in December.