Industry

TOM ZELLER JR. NEW YORK Blasting off mountain tops to reach coal in Appalachia or churning out millions tonnes of carbon dioxide to extract oil from sand in Alberta are among environmentalists’ biggest industrial irritants. But they are also legal and lucrative. For a growing number of banks, however, that does not seem to matter.

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Mahesh Kulkarni / Bangalore September 1, 2010, 0:38 IST For the first time after settling their family dispute and withdrawing the non-compete clause in May, brothers Mukesh and Anil Ambani are again competing face-to-face, in a bid for the Rs 7,500-crore, 1,320-Mw thermal power project at Gulbarga in north Karnataka.

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The Direct Taxes Code (DTC) Bill has said that dealings in carbon credit will be taxable under the new regime. The income through such transactions will attract 30 per cent corporate tax. “Though this tax can, in a way, be considered to be a damper for the industry, it (DTC Bill) has made it clear that carbon credits are a business income.

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Nellore, Aug.

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Nistula Hebbar New Delhi: Vedanta could have another shot at the bauxite mining project in Orissa’s Niyamgiri if it promises to be within the confines of the legal framework, NC Saxena, member, National Advisory Council, who prepared the damning report on the project, told FE. The Orissa government could appeal the matter in court, and if Vedanta restarted the process of taking permissions a

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TATAMotors will roll out the diesel version of the Nano with an extra-powerful micro turbo engine next year or early 2012, a top engine parts vendor said. “The diesel Nano will sport a sub-1,000 cc engine, but the output and performance will be 20-30% better than is usual for that engine size,” said Shane Tedjarati, president & CEO, China & India, of Honeywell, which has developed tur

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Anindita Dey / Mumbai August 31, 2010, 0:24 IST The organic chemical manufacturing industry may have to undergo a complete makeover to comply with the new standards on effluent treatment and emission standards for hazardous wastes. Comprehensive guidelines have been put out by the Union ministry of environment and forests.

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