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ClassNK issues SoC to two Indian ship recycling facilities

2015-12-16 01:00:00| Ship Technology

Ship classification society ClassNK has issued South Asia's first statement of compliance (SOC) to two ship recycling facilities in Gujarat, India.

Tags: issues facilities ship indian

Coca-Cola could close Indian plants if 'sin tax' goes ahead

2015-12-15 16:20:52| Beverages - Topix.net

Coca-Cola would have " no option " but to consider shutting down some of its Indian factories if the government accepted a recommendation to place a significantly higher GST rate on aerated drinks. The company said that bracketing the segment alongside tobacco and expensive cars, which have also been slated for the 40% rate, would lead to a sharp decline in consumption and prompt it to review its manufacturing capacity.

Tags: close sin tax ahead

ADB to strengthen Indian power transmission and grid systems with $1bn loan

2015-12-11 01:00:00| Power Technology

Asian Development Bank (ADB) will be offering $1bn as loan to India to improve the countrys transmission and grid systems.

Tags: power systems indian transmission

Indian economy suffers $3 billion loss from recent floods

2015-12-10 16:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes. "New economic developments in Asia are taking place in flood plains and marsh lands with scant attention to drainage, thus increasing run-off and flooding," Adityam Krovvidi, head of impact forecasting, Asia Pacific, at Aon Benfield, said in a statement. "The 100-year rainfall event in Chennai exposed...

Tags: recent loss economy indian