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FIMI wants govt to encourage investment

FIMI wants govt to encourage investment

Federation of Indian Mineral Industries (FIMI) is an all-India federation registered under the Companies Act, 1956 to promote the interests of mining, mineral processing, metal making and other mineral-based industries

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Expert calls for steps to boost oil and gas output

Expert calls for steps to boost oil and gas output

Metis Business Solutions (Metis BSPL) is a leading analytical highlights, information and marketing intelligence provider for power and coal sector. S Ravishankar, Director - Energy Practice, Metis BSPL, feels that the government must introduce a long term plan to step up domestic oil and gas production by

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BRICS to set up development bank for infra projects

BRICS to set up development bank for infra projects

At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego

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AirAsia-Tata JV gets Indian govt’s nod

AirAsia-Tata JV gets Indian govt’s nod

The Union government on March 26 stated that it had cleared Malaysian budget carrier AirAsiaÂ’s proposal to start a passenger airline in India in partnership with the Tata Group, with an investment of Rs 81 crore. The proposal was cleared by the Foreign Investment Promotion Board (FIPB).

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India to be 3rd largest aviation market by 2020: Govt

India to be 3rd largest aviation market by 2020: Govt

The Union Minister for Civil Aviation Ajit Singh said that India would be the third largest aviation market by 2020. The Minister was addressing senior representatives of the aviation industry in Delhi on the occasion of Aviation Day on March 26. India's airports would be handling 336 million domestic and 85 million international passengers with projected investment to the tune of US$ 120 billion by 2020.

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Steel output contracts marginally in February

Steel output contracts marginally in February

Data from the World Steel Association (WSA) shows that steel output in India contracted a marginal 0.5 per cent to 6.2 million tonne (mn t) in February from 6.229 mn t in the year-ago month. During the same month, global steel production expanded 1.2 per cent to 123 mn t. The US produced 6.7 mn t steel in February 2013, down 11.8 per cent over the same month last year