Gujarat Gas Company to purchase RLNG from GSPC

Gujarat Gas Company Ltd ( GGCL), a City gas distribution player has entered into an agreement with state-run Gujarat State Petroleum Corporation Ltd (GSPC) for purchase of 1.1 million standard cubic meters per day (mmscmd) of re-gasified LNG (RLNG) during January. This translates into about 33 per cent of the company's gas requirements for the month of January.

The company has on December 27, 2012 entered into an agreement with Gujarat State Petroleum Corporation Ltd for the purchase of RLNG

Interest burden of Indian companies at 9 year high

The India Inc’s debt servicing capacity are much below the 2008-09 levels, the Reserve Bank of India (RBI) said in its financial stability report.

The corporate sector’s interest coverage ratio, which reflects the ability to service loans, has fallen, with real estate firms having the highest interest burden in the last four years. Interest expenditure is also on the rise in sectors such as textiles, iron and steel, and construction.
Interest expenditure as a percentage of sales was 3.6

Kolkata Port Trust (KPT) to impose royalty on cargo handlers

Kolkata Port Trust is now planning to impose royalty on cargo service providers at the Haldia Dock Complex (HDC). With this move, the port authorities hope to overcome the losses it incurred due to the exit of ABG Haldia Bulk Terminals from berth No. 2 and 8 at HDC on October 28, 2012.

The Kolkata Port Trust has also sought legal opinion on the matter before it sends the proposal to the shipping ministry for their consent, as mandated by the Major Port Trusts Act. 

Parle plays with price to branded namkeen

Parle Products is adopting the lower pricing strategies to beat the unbranded players in the namkeen or traditional snacks category. The Mumbai based biscuits major is restricting prices at Rs 20 (100 gm) and offering an additional 25 per cent grammage in its Parle Namkeen brand. Playing on the price and value proposition, the purpose is to lure consumers to graduate to branded snacks in the already well penetrated traditional snacks category.
Today competition is mainly from the unbranded

Parle Products, Parle namkeen, snacks portfolio, traditional snacks category, unbranded players Parle, Namkeen Haldiram

DLF Ltd. - buyer agreement abusive, amended CCI

The Competition Commission of India (CCI) has modified the buyer-builder agreement in the case of ‘abuse of dominance’ by the country’s largest realty player DLF. At least 16 sub-clauses, found abusive and unfair have been deleted. The overall architecture of the agreement has been changed, according to the Commission, which changed the pact on the directions of the Competition Appelate Tribunal (Compat). The next hearing of Compat is on January 9, 2012
Calling it a model agreement for

Competition Commission of India (CCI), DLF Belaire, Park Place and Magnolias, buyer-builder agreements, CCI dlf, dlf penalty, Competition Appelate Tribunal dlf, model agreement for the real estate,

500 MW solar power complex in Chitradurga district

Karnataka State Government has decided to construct a 500 MW solar power complex in Chitradurga district, instead of the Bijapur district. The decision to relocate the planned solar park was taken following widespread opposition to the plant in Bijapur. In September 2012, the government had announced plans for the project that was meant to include private sector investment. To be constructed in several phases starting with 100 MW capacity in the first phase, the solar park is part of

Karnataka State Government Solar, US Department of Energy, National Renewable Energy Laboratories (NREL), Solar Energy Research Institute for India and the United States (SERIIUS) , solar Chitradurga district, solar Bijapur district, National Solar Mission,

500 MW solar power complex in Chitradurga district

Karnataka State Government has decided to construct a 500 MW solar power complex in Chitradurga district, instead of the Bijapur district. The decision to relocate the planned solar park was taken following widespread opposition to the plant in Bijapur. In September 2012, the government had announced plans for the project that was meant to include private sector investment. To be constructed in several phases starting with 100 MW capacity in the first phase, the solar park is part of

Karnataka State Government Solar, US Department of Energy, National Renewable Energy Laboratories (NREL), Solar Energy Research Institute for India and the United States (SERIIUS) , solar Chitradurga district, solar Bijapur district, National Solar Mission,