Even as a parliamentary panel, and to some extent, the finance ministry have pressured the Reserve Bank of India (RBI) to relax its February 12 circular mandating one-day default trigger for resolution of stressed assets exclusively for power projects, the central bank has shot back and virtually blamed the government for the current crisis in…
With a view to “having better access to foreign capital and have a global reach,” the government is considering listing state-run oil explorer ONGC on an overseas stock exchange. The idea was discussed last week during a meeting called by Prime Minister Narendra Modi to review developments in the energy and mining sectors, sources said.
An embarrassed finance ministry on Monday suspended the implementation of a safeguard duty on imported solar cells as the Orissa High Court last week reiterated via an interim order an earlier direction in this regard, which the ministry apparently did not heed.
The committee of creditors (CoC) of Bhushan Power and Steel are scheduled to meet on Tuesday to select the most preferred bidder for the bankrupt company as the deadline for submitting revised quotes ended on Monday midnight.
If you are planning to fly from Delhi anytime soon, here is some news! Due to runway repairs at Indira Gandhi International Airport in New Delhi, flight operations at the airport are likely to be affected for a week i.e., from November 16 to November 23, 2018.
Jet Airways share price surged over 6% in morning trade deals on Tuesday despite the company reporting losses for the third straight quarter. Earlier on Monday, the Naresh Goyal-led airline reported a loss of Rs 1,297 crore for the September quarter on rising fuel costs and foreign currency losses. On Tuesday, Jet Airways shares rose…
The Q2 EBITDA for Indraprastha Gas at Rs 3.1 bn was in line with our/street estimate and PAT at Rs 1.9 bn was 3% beat on our estimate (-3% vs. street) on higher other income.
Oil prices have fallen sharply since passing a cyclical peak at the start of October, amid surging production and mounting concerns about the state of the global economy and the outlook for consumption growth in 2019.
Petrol, diesel prices today: After days of continuous cut, the oil marketing companies (OMCs) kept the prices of petrol and diesel unchanged on Wednesday. In Bengaluru, petrol can be availed at Rs 78.05 per litre and diesel at Rs 72.58 per litre today.
Terming reports of discussion with Tatas for acquiring Jet Airways speculative, the Jet management, in an earnings call on Tuesday, said the airline is in talks with multiple entities for offloading part stake in its miles programme, JetPrivilege and also for equity infusion into the airline.