State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement on Wednesday. The figure is […]
Day: October 4, 2017
Excise duty cut on petrol, diesel adds to fiscal concerns: Nomura
Government’s decision to cut excise duty on petrol and diesel will be a relief for consumers as it will lower CPI inflation by around 8-9 bps, but will add to fiscal concerns of the economy, says a Nomura report. According to the global financial services major, this decision further adds to the risk that the […]
India to renegotiate LNG rate with US, Russia
After getting Qatar and Australia to lower gas price, India is seeking to renegotiate rate of LNG it has contracted from the US and Russia to reflect current market realities, GAIL Chairman and MD B C Tripathi said today. “We have successfully renegotiated, along with Petronet LNG Ltd, two long-term (LNG import) contracts. We are […]
‘India’s renewables to double by 2022, overtake EU expansion’
India’s renewable energy capacity will more than double by 2022, which would be enough to overtake renewable expansion in the European Union for the first time, International Energy Agency (IEA) said in a report. The country’s renewable energy installed capacity is 58.30 GW as per the recent government data. The government has an ambitious target […]