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Pulling all stops
The government is taking no chances with its proposed divestment. The disinvestment department has hired a public relations firm to put out news of NTPC’s follow-on public issue. Clearly, the department feels NTPC’s own communications wing is not up to the job.

Built for air force, Kaveri engine chosen by navy
The indigenous Kaveri aircraft engine, soon to make its debut flight, lacks the muscle needed by India’s Tejas light combat aircraft, which the engine was designed to power. In its present form, the Kaveri will never power a modern fighter.

News of the day

India hopes to ape 2003 'sweetheart' deal, Doha not yielding
India may be looking at Qatar for a ‘sweetheart’ gas deal, but Doha appears in no mood to sell liquefied natural gas (LNG) at anything less than $9-11 per mBtu — at more than double the domestic gas price.
Small Business

Govt to invite bids for three mega road projects by yr-end

The government will invite bids by this year-end for three mega projects worth around Rs 14,500 crore in the road sector, Road Transport and Highways Minister Kamal Nath said today. - Mahindra-Nevistar to launch 1st commercial vehicle in Jan"10 - Two new cars from BMW to meet sales target of 3,000 units - Mercedes-Benz sales may dip in 2009 - India Inc to hard-sell itself to the EU - Rs 19k-cr highway projects to be awarded soon - Highways projects worth Rs 19,000 cr to be awarded soon "We will invite bids for three mega projects by the end of this year, we are looking at mega projects in which each project for building 500 km of road will be worth $1 billion," Nath told reporters on the sidelines of the SIAM annual convention here. "We are going to put in place 11,000 km of roads worth Rs 1 lakh crore in 2009-10 under Work Plan I," Nath said, adding that challenges in capacity building will be addressed and all corrections will be made by September 30. He said India"s automobile industry should aim at producing 250 lakh vehicles by 2015 for which his ministry will build the necessary road network. Earlier, he had said that 20 km of roads will be built in a day in the next two years amounting to an investment of Rs 2,00,000 crore.


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