Piramal Finance Limited (PFL), Unit of Piramal Enterprises, has extended sanctioned credit of Rs 700 crore to ACME Solar Holdings Ltd for renewable energy projects. The funding is being done through a Flexi Line of Credit. Under this arrangement, the borrower has the flexibility to draw/repay during the tenure for operational projects. Piramal Finance in […]
Day: July 5, 2017
ONGC Videsh to acquire 30% petroleum participating interest in Namibia
ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30 percent participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B and related agreements (License) out of Tullow’s existing participating interest of 65 percent […]
Oil slips after eight-session bull run on rising OPEC exports, strong dollar
Oil prices fell more than one percent on Wednesday, ending their longest bull-run in over five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish. Benchmark Brent crude futures were down 69 cents, or 1.4 percent, at $48.92 a barrel by 0900 GMT. U.S. WTI crude futures were down 80 cents, […]
Flexible coal utilisation, power dispatch transparency to save Rs 20000 crore in 5 yrs: Piyush Goyal
Optimum utilisation of coal through flexibility in coal utilisation and transparency in merit order power dispatch would save the consumer about Rs 20,000 crores in five years, power, coal, renewable energy and mines minister Piyush Goyal said on Wednesday. The minister also launched two mobile applications – Merit and Coal flexible utilisation app. Goyal said […]
Now, Emirates says US has exempted it from laptop ban in flight cabins
Dubai-based Emirates airlines says the US has exempted it from a ban on laptops in airplane cabins. The Middle East’s biggest long-haul carrier said in a statement on Wednesday that new security measures were in place and the ban had been lifted “effectively immediately.” This follows Abu Dhabi-based Etihad being exempted from the ban. Emirates’ […]