Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
Tesla advisor joins India’s first consultative meeting on new EV policy A host of global and local companies participated in the first consultation on India’s new Electric Vehicle (EV) policy focused on high end cars. Tesla was represented by its advisor, The Asia Group (TAG) India in this meeting, officials aware of the development told ET. Representatives of Vietnam’s VinFAST, which is setting up an EV […]
NALCO posts record cast metal production at 4.63 lakh metric tonne in FY24 State-owned NALCO has made a record production of cast metal at 4,63,428 metric tonne during the financial year 2023-24. The company has also made its highest-ever metal sales of 4,70,108 metric tonne during the fiscal ended March 31, it said in a statement on Tuesday. The excavation of bauxite reached a record high of 7,600,230 […]
Hindustan Petroleum to set up a global oil trading desk State-run Hindustan Petroleum Corp. Ltd (HPCL) plans to set up an international oil trading desk, a company official said. The company is currently in the process of finalizing the location. Hindustan Petroleum Corporation Limited (HPCL) is executing the Visakh Refinery Modernisation Project (VRMP) to modernize and enhance capacity … Post modernization, the refinery will produce […]
Govt looking at differentiated regulatory framework for civilian, industrial use drones The civil aviation ministry will look at having a differentiated regulatory framework for drones used for civilian and industrial purposes, a senior official said on Tuesday as he pitched for indigenous development of the drone ecosystem. Civil Aviation Secretary Vumlunmang Vualnam also emphasised that the government will make efforts to promote drones as well as […]
IRB Infra Trust SPVs make payment of Rs 6,111 cr to NHAI for TOT projects IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]
Indian Railways to run 43% more trains to combat the summer rush Amid severe criticism of the Indian Railways this week, the ministry of railways said on Friday that the national transporter is running 43 per cent more trips than the summer of 2023 to ensure that passenger convenience is not compromised. Over the past few days, numerous videos have surfaced on social media, showing the plight […]
Shubhashish Homes and Gurnani Group’s premium villa project at Ajmer Road, Jaipur marks a strategic alliance between two real estate majors
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More high-speed national highway corridors soon! Government looks to increase average speed to 85 kmph
Coal India Q3 net profit jumps 50 per cent to 4,566 cr on higher income Coal, Deccan Chronicle, Newspapers February 13, 2019 Biju Kumar New Delhi: State-owned Coal India on Tuesday said its consolidated net profit rose 50 per cent to Rs 4,566.81 crore during the third quarter ended December 31, on higher income. Sharing Facebook Twitter LinkedIn Email Print