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Kotak to launch $300 m infra fund

By : sustainabilityo..., Mar 11, 2011

The Kotak Mahindra Group on Thursday announced that it is seeking to raise private equity funds of about $300 million from both domestic and international investors to invest in infrastructure projects in India. The fund will invest primarily in power generation, transmission...

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Panel suggests 15% increase in urban development funding

By : sustainabilityo..., Mar 10, 2011

The government needs to scale up urban development funding by at least 15% per annum in the 12th Plan (2011-17) to meet the challenges of rapid urbanisation in the country, an expert committee has said.

Citing the need for an investment of 32.4 lakh crore over a period...

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Subject Tags: Business , Technology

EU plan to double energy efficiency by 2020

By : sustainabilityo..., Mar 9, 2011

The European Union needs to double its efforts to boost energy efficiency in order to cut greenhouse gases, partly by producing better household appliances, renovating public buildings and private homes, and driving improved cars, the EU executive said in a plan adopted...

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Gadkari, Meghe bat for biofuels

By : sustainabilityo..., Mar 7, 2011

BJP national president Nitin Gadkari and Congress MP, Datta Meghe, have launched a drive to promote biofuels in Vidarbha. They have prepared a charter of demands that will be presented to Prime Minister Dr Manmohan Singh. The two leaders feel that in view of rising crude...

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We have to create world class institutions with a soul: Mukesh Ambani

By : sustainabilityo..., Mar 3, 2011

Amid the debate over making it mandatory for companies to spend at least 2 per cent of profits on CSR activities, RIL Chairman and India's wealthiest person Mukesh Ambani today suggested improving corporate social responsibility to Continuous Social Business.

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Subject Tags: Business

Rupert Murdoch: News Corp Is Carbon Neutral

By : sustainabilityo..., Mar 2, 2011

The corporate parent of Fox News, the cable network most closely associated with denying the dangers of climate change, has achieved its goal of becoming carbon neutral three years after making the commitment, its top executive, Rupert Murdoch, announced in a letter to...

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Big push to green technology in automobile sector

By : sustainabilityo..., Mar 1, 2011

Union Finance Minister Pranab Mukherjee's budget proposals for 2011-12 laid special focus on promoting green and clean technology for the fast-growing Indian automobile sector.

He not only announced tax sops to promote environment-friendly vehicles but also...

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Subject Tags: Business , Technology

Loans under JNNSM at 5% not violation of base rate norms: RBI

By : sustainabilityo..., Feb 21, 2011

The Reserve Bank today said banks financing power generation equipment under the Jawaharlal Nehru National Solar Mission (JNNSM) at a concessional 5 per cent interest rate is not violation of norms.
This financing below the base rate would not be considered violation...

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Subject Tags: Business , Labor , Law

Posco and LanzaTech to Collaborate on Renewable Energy

By : sustainabilityo..., Feb 21, 2011

LanzaTech has signed a memorandum of understanding with Posco :  , one of the largest steel producers in the world, covering the implementation of its gas fermentation technology to convert the steel maker’s flue gases to ethanol and other value added products.

Posco...

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MHI and Gujarat State of India Sign MOU Reaching Agreement in the Creation of Smart Community

By : sustainabilityo..., Feb 17, 2011

Mitsubishi Heavy Industries, Ltd. (MHI) has agreed with the Gujarat State government of India and the Delhi-Mumbai Industrial Corridor Development Corporation Limited (DMICDC) to collaborate in the development of an environmentally friendly Smart Community and signed a...

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