Britannia Industries will replace HPCL in the Nifty50 index from March 29, the NSE said Shares of Hindustan Petroleum Corporation (HPCL) fell by nearly 3 per cent Tuesday after the National Stock Exchange (NSE) said Britannia Industries will replace the oil marketing company in the Nifty50 index from March 29. The company’s shares opened the […]
Day: February 26, 2019
India and China will be prominent drivers of LNG demand, says Shell
India’s dependence on imported Liquefied Natural Gas (LNG) exceeded 50 per cent of its consumption for the first time in 2018, according to the Shell LNG Outlook 2019. “India is also using LNG to meet its increasing needs for a secure energy supply. Domestic gas production dropped and the resulting increase in demand for imported […]
Asian demand propels LNG growth in 2018
Shell: India, China will be prominent drivers of future growth India’s dependence on imported Liquefied Natural Gas (LNG) exceeded 50 per cent of its consumption for the first time in 2018 according to the Shell LNG Outlook 2019. “India is also using LNG to meet its increasing needs for a secure energy supply. Domestic gas […]
Raychem RPG to soon roll out energy storage inverters
Raychem RPG, one of the largest suppliers of components and systems for automotive, energy, oil and gas and other sectors in India, will start commercial production of energy storage inverters and power conversion systems at its factory in Halol, Gujarat, by the end of February. Raychem RPG, a 30-year-old joint venture between the RPG Group […]
JSPL lowest bidder in RVLN’s 4.45 LT rail tender: MD
The company operates 1 million tonne per annum (MTPA) rail mill at its Raigarh plant in Chhattisgarh Steel maker Jindal Steel and Power (JSPL) on Monday emerged as the lowest bidder in a tender worth approximately Rs 3,300 crore, floated by Rail Vikas Nigam (RVNL) for supply of 4.45 lakh tonnes of rails. RVNL functions […]
No decision taken on moving NCLT against Jet Airways, says State Bank
State Bank of India (SBI) on Monday termed as “totally speculative” reports that it has taken a decision to refer Jet Airways to the National Company Law Tribunal (NCLT) to recover debt. In fact, SBI, as the lead bank of a consortium of banks, is understood to be looking at sanctioning a Rs. 500-crore working […]
Adani lands 5 airports with winning bids
Gautam Adani’s infrastructure conglomerate Adani Group has entered the airports business by emerging the highest bidder for five of the six non-metro airports being privatised by the National Democratic Alliance (NDA) government. Adani Enterprises Ltd bid aggressively to claim the top slot for the five airports, quoting a per-passenger (domestic) fee of Rs. 177 for […]
Court issues production warrant against Gautam Khaitan in AgustaWestland case
A Delhi court on Tuesday issued a production warrant against lawyer Gautam Khaitan, who is an accused in the Rs 3,600-crore AgustaWestland VVIP chopper case. Special Judge Arvind Kumar issued his production warrant and posted the matter for hearing on May 9. Khaitan had been arrested by the Enforcement Directorate (ED) and the CBI a […]
VVIP chopper case: Court extends judicial custody of Christian Michel by one day
Michel, extradited from Dubai, was arrested by the ED on December 22, 2018 A Delhi court on Tuesday extended the judicial custody of alleged middleman Christian Michel, who was arrested in the AgustaWestland VVIP chopper case, by one day. Special judge Arvind Kumar extended his custody in the case lodged by the Central Bureau of […]
No NPA tag for IL&FS accounts without our nod, says NCLAT
No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing assets without the NCLAT’s permission, the appellate tribunal said Monday. A two-member National Company Law Appellate Tribunal (NCLAT) Bench, headed by Chairman Justice S J Mukhopadhaya, said that this is done in the interest of the IL&FS […]
Four Indian IL&FS employees held hostage in Ethiopia released after three months
The three-month-long captivity of four Indian IL&FS employees in Ethiopia came to an end with their release on Saturday night. The four have reached India. They had been held captive by Ethiopian employees of ITNL-Elsamex JV Bure. “IL&FS Transportation Network Ltd (ITNL), a part of the IL&FS Group, confirms that it has been able to […]
Jet Airways pilots to stick to roster hours from March 1; operations to be hit
MUMBAI: Jet Airways’ operations are likely to be hit from next month with its pilots’ union NAG deciding to adhere to the duty roster from March 1 over non-payment of salaries, union sources said on Monday. Members of the National Aviator’s Guild will not fly over and above roster hours from March 1, they said. […]