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 […]
Nissan says it will make next-generation EV batteries by 2028 Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector. But Nissan, like other companies, sees a […]
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 […]
Noida International Airport, BPCL ink deal for 34-Km ATF pipeline to enhance fuel efficiency, reduce emissions In a significant move towards enhancing operational efficiency and reducing environmental impact, Noida International Airport (NIA) has teamed up with Bharat Petroleum Corporation Limited (BPCL) to establish a dedicated aviation turbine fuel (ATF) pipeline. The pipeline, stretching 34 kilometers from BPCL’s Piyala Terminal to NIA’s tank farm, was formalized through an agreement signed on Monday. […]
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 […]
Kolkata Metro’s non-fare revenue soars by nearly 20%, outpacing previous year’s earnings The Kolkata Metro Railways recorded a massive increase of 19.9 per cent in non-fare revenue earnings for the fiscal year 2023-24, generating more revenue than the last year. A spokesperson for the Metro named Kausik Mitra said they earned Rs 43.56 crore from April 1, 2023, to March 31, 2024, which is more than the […]
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Ease of Doing Business Magazine News July 30, 2018July 30, 2018 admin In a bid to make it easier for explorers to find and produce more oil and gas, the government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area. Sharing Facebook Twitter LinkedIn Email Print