BJP, Cong target each other's allies to get ahead in the number's game
With the BJP and allies falling short of a clear majority in the 12th Lok Sabha, a no-holds-barred battle is in the offing between the Saffron-led forces and the Congress-UF combine for the formation of the next government.
Raasi shares already transferred to India Cements: AP state body cheif
Chairman of the Andhra Pradesh Industrial Development Corporation (APIDC) has confirmed the physical handing over of 3,45,766 Raasi shares to India Cements as against the consideration of Rs 10.37 crore paid through a demand draft. Keeping in view the financial interest of APIDC and considering that RCL had not responded despite repeated efforts, the board had decided to disinvest Rassi shares to ICL at a price of Rs 300 per share.
McKinsey in talks with ONGC board to centralise drilling wing
International consultant McKinsey has kicked off the process of developing a structure and strategy for Oil and Natural Gas Corporation's (ONGC) drilling operations. These are currently being discussed with the corporation's board. A significant recommendation by McKinsey is that drilling be organised as a centralised group that will adopt its own accounts.
International power financing in the country enters a new phase
International power financing in India is all set to enter the "project finance" stage. Haldia Cogen, a captive naphtha-based power facility being set up at Haldia in West Bengal as part of the Haldia Petrochemicals project, is all set to be the first ever power project in India to be financed by international lenders without any financial guarantees, letters of credit, or escrow accounts.
Fractured verdict may embolden Moody's to downgrade India
Possibility of a hung parliament and the prospects of a definite slowdown in the economic reforms process on account of unclear verdict by the people, will jeopardise the chances of India getting a favourable treatment by the international credit rating agency Moody's. Moody's had earlier declared its intention to downgrade the country's rating.
Common minimum plan may turn into ticklish issue for BJP
Evolving a common-minimum programme (CMP) may prove to be be a ticklish issue for the Bharatiya Janata Party (BJP), now that it has decided to go ahead and stake a claim to form the government. It is clear from the manner in which some of the allies have reacted to various contentious issues dear to the BJP.
