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Popular Articles

Jindal Power plans second biggest IPO
In what would be the second biggest initial public offer (IPO), Naveen Jindal-promoted Jindal Power Ltd (JPL) plans to raise up to Rs 10,000 crore in this financial year.

So, who's driving?
Diesel engines, automatic gearboxes, same price range... but worlds apart. You could read the following few lines and be done with this article. Even if you have not driven either of these two cars, the conclusion is foregone. The Skoda Laura 2.0 TDI with the DSG is the driver’s car here, and if you are a chauffeur-driven sethji, the Hyundai Sonata Transform 2.0 CRDI Automatic should be at the top of your list. Game, set and match. It is that simple and if you go to the end of the story, there are no surprises in store for you either. But since you are reading anyway (ostensibly not to make a purchase decision!), let me tell you what these two cars are like.

News of the day

Aerospace SEZ inaugurated
The country’s first Special Economic Zone dedicated to the Aerospace industry has been inaugurated in Belgaum district. The SEZ situated at Hattaragi, 37 km from Belgaum is promoted by Quest Global, an aerospace engineering and manufacturing company. The SEZ houses an engineering services facility, a precision machining unit and Aerospace Processing India, a joint venture between Quest and Magellan, a processing facility, which is critical for the industry.
Small Business

Govt extends RFQ date for metro, again

The ongoing agitation for a separate Telangana and a unified Andhra has impacted the Rs 12,132 crore Hyderabad Metro Rail project with the government further extending the request for qualification (RFQ) date till January 16. - Telangana Cong MPs seek action against Jagan - CCPA meet likely to discuss Telangana issue - Telangana MPs for action against Jagan for joining TDP protest - YSR"s bro Vivekananda Reddy goes on fast for united state - Talks on Telangana after things calm down: Khurshid - Cracks in Cong over Telangana out in the open Earlier, the last date for submission of RFQ documents was December 14. As a result, the shortlisted names would now be announced on January 28, 2010, instead of December 31. This is fifth time the government has extended the RFQ date. “Due to the prevailing conditions in Andhra Pradesh and other administrative reasons, the Authority (metro rail) has decided to extend the application due date for the Hyderabad metro rail project,” the government said on the metro rail website. When contacted, senior officials did not comment on the decision. So far, eight consortiums — L&T, Lanco, India Bulls, DB Group, VNR, GVK, Reliance (Anil Dhirubhai Ambani group) and Essar — have purchased the forms after the government called for fresh bids for the elevated rail project in public-private partnership. Under the new schedule, the sale of bid documents would go on till January 28 and it would receive queries from February 11 next year. The bids would be opened on April 9 instead of March 18 announced earlier. In between, there would be two pre-bid meetings. Hyderabad Metro Rail Limited, the special purpose vehicle set up to implement the project, issued a notification inviting RFQ to prequalify and shortlist the bidders on July 1. It then said the bidding process would be completed by November 15 and the project would be ready in about four years. The state government had called for fresh tenders after the Maytas Infra-led consortium failed to achieve financial closure in March this year Keeping in view its past experience, the government has also enhanced the bid security for the project from 0.5 per cent to one per cent, implying that the successful bidder would have to pay Rs 120 crore to the state government (Maytas paid Rs 60 crore). “The turmoil in the state is recent. The government should have processed the applications it received by now,” said Issac A George, chief financial officer of GVK Power and Infra Limited, one of the bidders. According to him, it’s unlikely that more companies would bid for the project at this stage. The government was intent on launching the project on a design, build, finance, operate and transfer basis by May next year. It planned to open some sections for traffic by March 2014 and complete the entire project by the end of 2014. However, the project is already behind schedule by a year.


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