Deepak Gupta News
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A federal court ruling limiting presidential appointment power could jeopardize a large swath of the work undertaken by the Consumer Financial Protection Bureau in the last year.
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India may abandon the reverse- bidding process used in its first auction of solar permits after criticism that the procedure led to offers that aren’t viable from inexperienced companies.
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India may expand its rules that require solar-power projects to use domestic suppliers for a portion of their equipment, a government official said.
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ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar says it doesn’t seem so long ago that she was worrying that she wouldn’t be able to handle her job at what’s now India’s largest nongovernment lender while managing her household and caring for her infant son.
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India will call for bids within a week for its second national auction of permits for solar plants, while warning the first group of winners that there will be no leniency for delayed projects.
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American companies have spent a decade convincing judges that consumers should keep complaints out of the courts and use arbitration instead. Now business has to persuade a potentially more skeptical group: regulators.
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India rejected two of 37 solar projects awarded in its first national auction, which aims to generate 20,000 megawatts of sun-powered capacity by 2022.
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The Indian government may enlist the help of Oil & Natural Gas Corp. , the state-run explorer, in surveying offshore wind-power potential and setting up the nation’s first two wind farms at sea.
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India plans to hold global bidding by mid 2011 for developers to set up power plants that use a mix of solar and fossil fuels.
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India will cancel licenses for solar projects awarded to companies under its first auction if they don’t obtain loans to build their plants by July 9, an official said today.
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