India´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal India´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.
Tag: South Africa
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Assets of India´s financial institutions reach $2.8 trillion
According to a report, the total value of assets held by India´s financial institutions touched $2.8 trillion, the third largest among BRICS nations, in 2013.
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GVK gets green nod to import coal
GVK Power (Goindwal Sahib) Ltd, a subsidiary of GVK Power and Infrastructure, has got permission from the Environment Ministry to import coal from South Africa as a ´stop gap´ arrangement in case the company fails to get coal from its captive mines in Tokisud North sub-block in Jharkhand.
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Shriram Capital eyes more acquisitions
Shriram Capital is looking at a possible shift in strategy in favour of more acquisitions to expand its businesses. Apart from the acquisitions, Shriram will also focus on entering newer businesses which may be aligned to the current ones
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Creating financially sustainable cities in India
The HPEC Report on Indian Urban Infrastructure and Services (2011) estimates that India will need urban infrastructure investment amounting to Rs 39.2 lakh crore in 20 years between 2012 and 2031.
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Jet ties-up code share with South African Airways
To offer seamless travel to South Africa-bound passengers Jet Airways has entered into a code share arrangement with South African Airways. The code share agreement comes into effect from April 18, a Jet Airways release said in Mumbai on April 16. Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.
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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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China depends less on India for iron ore
China's dependence on India for iron ore has been declining in recent years. The ban on mining in Karnataka and Goa have exacerbated the decline of iron ore export from India to China. Following this, China started relying more and more on South Africa and Australia for ore supply. In 2012, South Africa overtook India to become China's third-bigg
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ArcelorMittal signs $447 mn sale pact
ArcelorMittal has entered into a sale and purchase agreement (SPA) with the head of its joint venture partner Kalahari Resources for sale of its 50 percent stake
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Analysis: Staring at an increasing resource crunch
In a country where minerals are reported as scarce, comprehensively mapping and identifying available natural minerals will result in a major upward revision of our estimates how much can be mined indirectly curbing illegal mining. Puneet Goel writes.
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