After steel and telecom, lenders brace for NPAs in power sector

Losses at Gujarat based plants: Tata, Adani, Essar stare at huge writedowns

Adani Group attributed the ruling to a 'technical legal error'; Commonwealth Bank withdraws from the project

SAIL, Tata Steel earnings to fall due to Jharkhand mine closure

Last week, after Greenpeace activists targeted the Essar offices here and in London on the issue of environmental damage at Mahan in Madhya Pradesh, the Ruia-owned group slapped a Rs 500-crore defamation suit (Rs 1,000-crore suit, says Greenpeace) against the global pro-environment group in the high court (HC) here.

Even as companies take legal steps against environmental groups, chief executives say they realise the importance of the concerns raised by environmental groups; they insist they have taken initiatives themselves, too, in the area.

15% allowance on capital expenditure would help PSUs, too

India Inc has a good reason to step up capital expenditure (capex). With the Budget proposing an additional investment allowance of 15 per cent for assets acquired and installed in the next two years for over Rs 100 crore in capital spending, companies are expected to get a total benefit of Rs 25,000 crore.
According to an estimate by the Centre for Monitoring Indian Economy (CMIE), India Inc plans fresh capital expenditure of around Rs 5,00,000 crore in 400 projects in the next two financial years.