-The Economic Times NEW DELHI: Narendra Modi's Gujarat government, lauded by India Inc for being business friendly, has stumped industry as it seeks to back out of the high tariffs contracted for nearly 1,000 MW of solar plants of the Tatas, GMR, Adani, Bollywood star Ajay Devgn, Lanco and others. Industry leaders said the move was shocking as it raised issues about the consistency of the state's policy, but the business-savvy Gujarat...

-The Business Standard Under-recovery estimated to touch Rs 1.5 lakh cr in FY14 due to rising crude oil prices & falling rupee The fall in the rupee to a new low this week has made the government jittery, as the under-recovery on petroleum products is threatening to touch Rs 150,000 crore in 2013-14, despite phased diesel decontrol and capping of subsidised cooking gas cylinders. According to the petroleum ministry's estimates, for every rupee...

-The Indian Express Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a "premium", instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning...

-IANS LUCKNOW: The flood situation in Uttar Pradesh has worsened following heavy rains, and officials said on Wednesday that 116 people have died in the disaster in the past fortnight. Ten districts have been severely hit by flooding. Sharda, Ghaghra and Saryu rivers are flowing above the danger mark in several districts. Heavy rains continued on Wednesday in many places. People and livestock are being evacuated from the flooded areas and several Companies...

-The Economic Times CHENNAI: India's patent appeals board has denied Monsanto a patent for a genetically-engineered method of increasing climate resilience in plants. The decision is significant not only for Monsanto's loss of possible exclusivity in an increasingly important segment but also for the interpretation of India's home-grown clauses in patent law - these are unpopular with global Companies - for the first time in the case of plants. The Intellectual Property...