Oil prices were mixed on Monday, weighed down by concerns over slowing economic growth but supported by the expected impact of U.S. sanctions on Iran, which will start targeting the petroleum industry from November. Brent crude futures, which act as a benchmark for international oil prices, were at $71.80 per barrel at 0706 GMT, close […]
Day: August 20, 2018
Government defers Coal India stake sale again as stock falls
The government has advised Coal India that the deadline for a minimum 25% public holding has been deferred by two years since the stock has underperformed, company executives said. The Centre was planning to divest 5%-10% in Coal India to comply with the norm for listed companies. The management had started conducting road shows for […]
TPG Capital in talks to invest in Jet Airways: sources
Private equity firm TPG Capital is considering investing in India’s Jet Airways Ltd but is not close to finalising a deal, two sources with knowledge of the matter said, a plan that could raise money for the beleaguered airline. The investment could be more than $100 million but discussions are at an early stage and […]
Manali Petro adopts strategy to accelerate growth, revamps management
Manali Petrochemicals Ltd (Manali Petro), a part of SPIC Group, has chalked out a two-pronged strategy to accelerate growth by increasing revenue from outside India and improving balance the between commodities and value added. While the company is scouting for acquisitions, it is also focusing on the management team with global expertise and eyeing strategic […]
Commercial flight operations begin from Kochi Naval airport in Kerala
Commercial flight operations from the Naval airport at Kochi commenced today with the first Air India flight from Bengaluru arriving this morning. Small aircraft are being operated from the naval airport as the Kochi International Airport has shut operations till August 26 following flooding in the heavy rains. The first AI flight from Bengaluru arrived […]
Air India disinvestment: After failing to sell stake, government likely to issue fresh bids next fiscal
After failing to find takers for Air India’s disinvestment program, the government plans to seek fresh bids in the next financial year, CNBC TV18 reported citing NewsRise. The proposed disinvestment in the national carrier failed to take off as it couldn’t receive any Expression of Interest (EoI) from potential bidders when the deadline ended on […]
Gurugram-Mumbai Expressway: New 58 km eight-lane road to decongest Delhi
Months after Union Minister for Road Transport and Highways Nitin Gadkari announced that they would start building a new expressway connecting Gurgaon and Mumbai, the government is planning to extend the road to Delhi. According to The Times of India reports, a new eight-lane road would be built connecting the Western Peripheral Expressway (WPE) with […]
Editorial- September 2018
The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) under three categories depending upon number of default days ie 1 to 90 days. The private power […]
Power Stress
The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to “identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA)
Solar Cells
On 30.07.2018, the finance ministry issued a circular levying safeguard duty of 25 per cent to 15 per cent, over a period of two years, for imports of solar cells, assembled in panel or not assembled from China and Malaysia.
2017-18, Thermal coal imports up 8 pc, coking 13 pc
India’s thermal coal imports rose by 8 pc and coking coal imports by about 13 per cent for FY 2017-18.
CIL , Output rises 14 pc to 177 MT in 4 months
CIL said it produced 177.43 mn tonnes of coal in the first four months of the ongoing fiscal, registering a growth of 14 pc. It had produced 155.53 mn tonnes (MT) of coal in the year-ago period. In July CIL produced 40.56 MT coal, against 36.69 a year ago. CIL accounts for over 80 pc […]