MA Bhaskarachar, the new Chairman of Ennore Port wants to improve the utilization of various berths and increase the portÂ’s capacity to handle cargoes other than coal. By June this year, the entire port, including the approach channel and turning circle, will have a draft of 18 m
Tag: business
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India on course to meet $1 trillion infra investment target
G Padmanabhan, Executive Director of Reserve Bank of India (RBI) remarked that the country is on course to meet its infrastructure investment target of $1 trillion during the ongoing 12th five-year plan (2012-17). Speaking at a conference in London, he said the funding process was working in a seamless manner and thing
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Container traffic at NMPT rises
New Mangalore Port Trust (NMPT) has reportedly handled 37,101 Twenty Foot Equivalent Unit (TEU) of container cargo so far during 2012-13 compared to 35,792 TEU handled during the corresponding period of 2011-12. This represents a growth rate of 3.66 percent. The port expects the container traffic to rise going forward once
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DP World’s business recast may facilitate fund raising
Some analysts and industry watchers feel that DP World has restructured its India operations in order to facilitate fund raising in the country, if required in future. Some analysts feel that the restructuring exercise is intended to raise the companyÂ’s valuation with an eye to tap the local capital market for funds
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UP CM assures policy revamp to attract private investment
Uttar Pradesh Chief Minister Akhilesh Yadav asked companies to invest in the state by assuring them that his government would revamp the investment related policies across sectors and create an enabling and business friendly environment. He made this appeal at the CII Partnership Summit in Ag
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Rangarajan favours non corporates for bank licenses
Agency reports suggest that C Rangarajan, Chairman of Prime Minister's Economic Advisory Council wants the Reserve Bank of India (RBI) to give first priority to non-corporate applicants for banking licenses. Rangarajan has reportedly said that the central bank must look at various types of financial institutions that
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Stiglitz cautions against bank license to corporates
At a time when Reserve Bank of India (RBI) is planning to give banking licenses for new players, some experts caution against allowing corporates to set up banking business. Highliting the risk of conflict of interests, Nobel laureate Joseph Stiglitz said corporates should not be allowed to enter banking
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Industry divided on prospects for box terminals
Industry watchers are divided on the business prospects of container terminals in Ennore Port. Some argue that there would be enough business for the proposed new container terminal in the port as handling of cargo globally moves towards containers from
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Dena Bank to provide support to viable units
Dena Bank proposes to provide financial support to those small and medium businessmen whose projects are viable but are facing short-term liquidity constraints. In this regard, the bank plans to evaluate the scheme for the SME (small and medium enterprises) and r
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Earnings of banks came under pressure in FY12
Key earnings parameters of scheduled commercial banks (SCBs) came under pressure during 2011-12 because of slowdown in the