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Tag: indias
India's HCL Tech to buy Geometric Ltd in all-stock deal
2016-04-01 22:58:31| IT Services - Topix.net
India's Geometric Ltd said it will sell its IT services business to HCL Technologies Ltd in an all-stock deal valued at 12.37 billion Indian rupees, as HCL looks to strengthen its engineering and automotive services portfolio. Geometric shareholders will receive 10 shares in HCL for every 43 shares of Geometric as part of the stock-swap.
Will doubling Indias coal tax boost the clean energy sector?
2016-04-01 09:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: In the recently announced Union Budget speech, the Modi government doubled the carbon cess [tax] on coal, lignite and peat from US$ 2.96 per tonne to $5.94 per ton. This is the third time the cess is doubled since it was introduced. A move that began as a minor redistribution policy of taxing production of coal/lignite/peat (both domestic and imported), initially at $0.74 per tonne in 2010, aimed at redistributing revenue to fund clean energy projects in India. A pricing policy which started...
EIB agrees to provide 450m for India's Lucknow metro
2016-04-01 01:00:00| Railway Technology
The European Investment Bank (EIB) has agreed to provide a loan of Rs33bn (450m) to finance construction of the first metro line in the Indian city of Lucknow in Uttar Pradesh.
Tags: provide
metro
agrees
indias
Indias case on its solar policy
2016-03-30 15:08:08| Climate Ark Climate Change & Global Warming Newsfeed
Hindu: The Centre is without doubt justified in saying it will contest the ruling in the World Trade Organisation against Indias policy of local sourcing of components as part of the Jawaharlal Nehru National Solar Mission. The U.S. had taken to the WTO its case against Indias policy of favouring domestic inputs in solar cells and solar modules, arguing that it amounted to a discriminatory trade practice and distorted the game. The verdict, which came last month, is a setback for Indias Solar Mission,...
Tags: policy
case
solar
indias
India's ONGC to invest $5.07bn to develop deepwater oilfields
2016-03-29 01:00:00| Offshore Technology
India's state-owned Oil and Natural Gas (ONGC) is to invest $5.07bn to develop fields in Cluster 2 of the deepwater NELP Block KG-DWN-98/2.
Tags: develop
invest
indias
deepwater
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