Business News – Newsletter for August 22, 2010
Sunday, August 22, 2010
Jindal Steel gets 3,000 acres for Bolivian project
NEW DELHI – The Bolivian government has provided 3,000 acres of additional land to Naveen Jindal-led Jindal Steel for its $2.1 billion steel and power plant in the south American country.
“Bolivian government has now provided 3,000 acres for the project in addition to around 1,000 acres provided earlier,” Jindal Steel said in a statement, …. Source : Gaea News Network.
We want to work with India; Gambian foreign minister
NEW DELHI – India’s experience in development is a crucial learning tool for Africa’s smallest mainland nation, whose president is an admirer of India, to develop its own economy and social sectors like education, Gambian Foreign Minister Mamadou Tangara said here.
Visiting at the invitation of the Indian government, Tangara was here last week sason a …. Source : Gaea News Network.
Algeria invites India Inc for $10-bn gas pipeline project
NEW DELHI – Oil-rich Algeria, the second largest country in Africa, has invited Indian companies to participate in a $10-billion project to build an ambitious trans-Saharan gas pipeline originating from Nigeria via neigbouring Niger.
“We need more foreign partners outside Europe for this 4,000-km-long project,” Algerian Ambassador to India Echarif Mohammed-Hacene said, referring to the pipeline, …. Source article : Algeria invites India Inc for $10-bn gas pipeline project.
BlackBerry standoff: Some questions and answers
While India’s 800,000 BlackBerry users struggle to figure out what the government wants and what its Canadian developer Research in Motion (RIM) has featured in these devices, here are some answers:
Q: What are BlackBerry services? Which aren’t?
A: Mobile push-email and messenger. RIM delivers these two services through mobile operators, such as Airtel and Reliance …. Source article : BlackBerry standoff: Some questions and answers.
Ahmadinejad inaugurates Iran’s first unmanned bomber
Iran inaugurates nation’s first unmanned bomber
TEHRAN, Iran – Iranian President Mahmoud Ahmadinejad has inaugurated the country’s first domstically-built long-range unmanned bomber.
The 4-meter long unmanned plane, dubbed as Karrar or striker, was inaugurated by Ahmadinejad on Sunday, the national day for the country’s defense industry.
The ceremony was aired live on state TV.
Iran has been producing its … Read : Ahmadinejad inaugurates Iran’s first unmanned bomber.
Dodgers broadcaster Vin Scully to announce his future plans in the booth
Dodgers broadcaster Vin Scully to announce future
LOS ANGELES – Vin Scully is expected to announce his future plans in the broadcast booth for the Los Angeles Dodgers.
The team confirmed Saturday night that an announcement would be made before Sunday’s game against the Cincinnati Reds.
The 82-year-old Hall of Fame announcer is nearing the end of his [..] Read the original article: here.
Beijing’s Forbidden City can accomodate more tourists
BEIJING – More tourists will be able to visit China’s Forbidden City after a renovation project to double the size of this heritage complex in the heart of Beijing is completed in 2020.
An annual budget of about 100 million yuan ($14.73 million) has been allocated for renovation since 2002. It will ease congestion and help …. Original article : Beijing’s Forbidden City can accomodate more tourists.
In Calif., a rural county’s struggle to maintain its hospital leads it to seek a state bailout
Rural California county seeks bailout for hospital
ALTURAS, Calif. – Modoc County is wedged into California’s far northeastern corner, a land apart from much of the rest of the nation’s most populous state.
Little visited, the sparsely populated region of cave-riddled lava beds, sagebrush-covered plains and rolling ranch land has much in common …. Source article : In Calif., a rural county’s struggle to maintain its hospital leads it to seek a state bailout.
Iran starts first nuclear plant, says its intent peaceful and a triumph over Western pressure
Iran starts nuclear reactor, says intent peaceful
BUSHEHR, Iran – Trucks rumbled into Iran’s first reactor Saturday to begin loading tons of uranium fuel in a long-delayed startup touted by officials as both a symbol of the country’s peaceful intentions to produce nuclear energy as well as a triumph over Western pressure to rein in its … Read more : Iran starts first nuclear plant, says its intent peaceful and a triumph over Western pressure.
Navy to stop escorting ships in Mumbai harbour from Monday
MUMBAI – The Indian Navy will stop providing escort to ships coming in and out of the Mumbai harbour from Monday necessitated in the wake of collision of two foreign cargo ships off the port Aug 7, an official said.
A decision to this effect was taken after a high-level review meeting chaired by Shipping Secretary …. Source article on Gaea Times at : Navy to stop escorting ships in Mumbai harbour from Monday.
Recession sends pricey US golf clubs into the rough; many close as golfers rethink their costs
US golf clubs in the rough as members drop away
MAMARONECK, N.Y. – A few weeds have popped up on the fairways, and summer’s heat has scorched the grass here and there, but the golf course at the Hampshire Country Club is still tidy and scenic, its little waterfall still burbling through the rocks.
Not that there’s …. Source : Recession sends pricey US golf clubs into the rough; many close as golfers rethink their costs.
Lok Ayukta lends ear to Congress on Uttar Pradesh mills’ deal
LUCKNOW – Uttar Pradesh Lok Ayukta (ombudsman) Justice N.K. Mehrotra has assured the Congress of looking into its allegations of a scam involving the sale of four state-owned sugar mills at throwaway prices, a party leader said Saturday.
All India Congress Committee (AICC) general secretary Digvijay Singh said here “the Lok Ayukta has assured us that … Read more : Lok Ayukta lends ear to Congress on Uttar Pradesh mills’ deal.
Policy on manufacturing by year-end: Sharma
JAIPUR – Union Commerce and Industry Minister Anand Sharma Saturday said a national manufacturing policy (NMP) is likely to be in place by this year-end.
“The draft of the policy is in the final stage of consultations with all the stake holders,” he told reporters here.
He added that encouraging the manufacturing sector was necessary to …. Read the original article : Policy on manufacturing by year-end: Sharma.
Chamber of Commerce, mainly helping Republicans, emerges as formidable political force
Chamber emerges as formidable political force
WASHINGTON – At times subtle, at times loud, the U.S. Chamber of Commerce is spending record amounts on lobbying and in election battlegrounds, elbowing into the nation’s politics in unprecedented ways for the business community.
The country’s largest business lobby has pledged to spend $75 million in …. Original article : Chamber of Commerce, mainly helping Republicans, emerges as formidable political force.
Vedanta commissions power plant in Orissa
BHUBANESWAR – Sterlite Energy Limited, a subsidiary of London-listed Vedanta Resources Plc, Saturday commissioned the first unit of its 2,400 MW independent power plant in Orissa.
Chief Minister Naveen Patnaik inaugurated the unit of 600 MW at Jharsuguda, 374 km from state capital Bhubaneswar, a senior official of the company told IANS.
The Vedanta group has …. Read the original article : Vedanta commissions power plant in Orissa.
Bihar will make centre pay back dues, says Nitish
NEW DELHI – Bihar Chief Minister Nitish Kumar Saturday said the central government will have to repay Rs.1,000 crore that his government spent to repair and maintain national highways in the state.
“I will see, the people of Bihar will see, how the centre does not pay back the money. We will not let them live … Read : Bihar will make centre pay back dues, says Nitish.
GOP candidate for governor in NY would house welfare recipients in converted prisons
NY candidate: Prison dorms for welfare recipients
NEW YORK – Republican candidate for governor Carl Paladino said he would transform some New York prisons into dormitories for welfare recipients, where they could work in state-sponsored jobs, get employment training and take lessons in “personal hygiene.”
Paladino, a wealthy Buffalo real estate developer popular with many tea party … Read the original article on Gaea Times at : GOP candidate for governor in NY would house welfare recipients in converted prisons.
Japan backs n-pact with India, warns against tests
NEW DELHI – Japanese Foreign Minister Katsuya Okada Saturday made it clear that if India were to conduct a nuclear test, Tokyo will be forced to suspend bilateral nuclear accord and urged New Delhi to ratify the Comprehensive Test Ban Treaty (CTBT).
Calling for a 10-fold increase in bilateral trade which is estimated to be …. Original source : Japan backs n-pact with India, warns against tests.
Pro tennis stop in New Haven could be the city’s last unless a sponsor steps forward
New Haven, Conn., scrambles to keep tennis stop
NEW HAVEN, Conn. – Some of the top players in tennis are heading to Yale this week for the final tournament before the U.S. Open – along with representatives of about a half-dozen companies being wooed in an effort to keep the event alive.
Pilot Pen is dropping its …. Source : Gaea News Network.
ONGC project to help end northeast’s power crisis
AGARTALA – The state-owned Oil and Natural Gas Corporation’s (ONGC) 726-MW project coming up in Tripura will help to resolve the power crisis in the electricity-starved northeastern region by 2012, ONGC officials said Saturday.
India’s hydrocarbons exploration major has been setting up the gas-based power project — its biggest so far — in south Tripura’s Palatana, …. Original article : ONGC project to help end northeast’s power crisis.