Gujarat sets Rs 8,000 crore cap for guarantees
The Gujarat government has capped guarantees for various projects in the state at Rs 8,000 crore. This is probably the first instance of any state fixing a ceiling on the guarantees it will offer. The state government's contingent liabilities have already touched Rs 6,000 crore.
MSEB mulls joint ventures for upgrading old plants
Maharashtra State Electricity Board (MSEB) plans to go in for joint ventures to refurbish and maintain (R&M) old power plants. Paras power plant will be taken up first for the planned revamp. Details for the proposed joint venture are being worked out, according to chairman Asoke Basak.
Call for lower limit on capital good imports under EPCG
The Indian Cotton Mills' Federation (ICMF) has called upon the Union textile ministry to reduce the threshold for duty-free import of capital goods under the EPCG scheme from Rs 20 crore to Rs 5 crore. This will help many existing units to undertake technological upgradation on a continuous basis.
Mobil Corporation woos buyers for LNG project
Mobil Corporation is courting prospective customers for liquefied natural gas (LNG). Mobil, along with RasGas, is bidding for what proposes to be the country's first liquefied natural gas (LNG) import project. Mobil Power plans to simply provide an assured supply of liquid fuels, to which LNG could prove an alternative at a later date.
Bailable warrants against Baron directors issued
A sessions court has issued bailable warrants to the directors of Baron International in connection with a case filed by the director general of investigations and registration (DGI&R) of the Monopolies and Restrictive Trade Practices Commission (MRTPC).
Pepsi loses its cool, drags Coke to court
Pepsi has dragged arch rival Coca-Cola to court for snatching employees, bottlers and agents, who are under contract with it. The former has claimed that a dozen middle-level managers and three territory managers broke their contracts with Pepsi to join Coke.
