The target of $100 billion non-oil trade between India and the UAE by 2030 is ambitious but achievable as huge business opportunities are there in both the nations for sectors such as textiles, jewellery and pharma, CII President R Dinesh said on Sunday. He said that the free trade agreement between India and the UAE, […]
Day: March 4, 2024
PM Narendra Modi flags off first crude oil tanker from ONGC’s KG project
Prime Minister Narendra Modi on Saturday flagged off the first tanker – Swarna Sindhu – carrying crude oil produced in state-owned ONGC’s Krishna Godavari deepwater block. At its peak production, this project will add 7 per cent each to India’s oil and gas production, the national oil and gas company said in a statement. Developed […]
PM Modi unveils oil and gas projects worth Rs 1.62 trillion across India
Prime Minister Narendra Modi on Saturday unveiled a series of oil and gas sector projects worth about Rs 1.62 trillion across the country from Bihar’s Begusarai district. The projects are spread across various states like Bihar, Haryana, Andhra Pradesh, Maharashtra, Punjab and Karnataka. The PM also flagged off four trains, including the Danapur-Jogbani Express (via […]
PM Modi to launch several development projects in T’gana, Tamil Nadu today
Prime Minister Narendra Modi is set to embark on a three-day visit to five states, namely Telangana, Tamil Nadu, Odisha, West Bengal and Bihar, starting Monday. PM Modi earlier on Sunday said that the development works that will be inaugurated during his upcoming visit to the five states cover a wide range of sectors and […]
Here’s why shares of Swan Energy will be in focus on Monday
Shares of Swan Energy will be in focus on Monday, March 4, after the company’s subsidiary, SLPL, pre-paid the entire loan, along with interest till date. According to the company’s exchange filing, SLPL, subsidiary of the company, has pre-paid the entire loan, along with interest till date, to the consortium of Banks, amounting to Rs […]
Swan Energy declines 3.6% on profit booking; Co raises Rs 3,300-cr via QIP
Shares of Swan Energy declined 3.6 per cent to Rs 735 on the BSE in Saturday’s special trading after the company raised Rs 3,319 crore via Qualified Institutions Placement (QIP). It allotted 49.5 million shares to eligible, qualified institutional buyers at the issue price of Rs 670 per share against the floor price of Rs […]
SJVN Green Energy bags 200 MW solar project in an e-reverse auction
State-owned power producer SJVN Ltd on Sunday said its arm SJVN Green Energy has bagged a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam. This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore, a company […]
Iffco moves NCLT against Triumph Offshore, Swan Energy for restrain orders
IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders against loans. Seeking an injunction against any such proposal, IFFCO, in its petition filed before the Ahmedabad bench of the […]
PM Modi to lay foundation of NTPC projects worth Rs 30,000 cr on Monday
Prime Minister Narendra Modi will lay the foundation of state-owned power giant NTPC’s various projects worth Rs 30,023 crore on Monday. The Prime Minister will dedicate to the nation and lay the foundation of a series of NTPC projects on March 4, 2024, signalling a significant leap towards sustainable development and economic growth, an NTPC […]
Uttar Pradesh govt to rake in Rs 80K crore through solar energy push
The Uttar Pradesh government has set an ambitious target of producing 22,000 megawatt (MW) through a slew of solar energy projects by 2027, a move that is expected to rake in investments to the tune of Rs 80,000 crore. The Yogi Adityanath government is planning installations of rooftop solar plants and solar parks to achieve […]
NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr
Shares of NLC India almost hit the 5 per cent maximium limit for the day at Rs 231.85 (as against Rs 231.90) in today’s special trading session on the BSE as ICRA reaffirmed its credit rating. At 9:45 am, the stock traded around Rs 231, up 4.6 per cent on volumes of around 45,000 shares. […]
Jamnagar airport faces huge traffic due to Anant Ambani’s pre-wedding bash
Jamnagar Airport has been getting huge air traffic since February 26 due to the pre-wedding bash of Anant Ambani and Radhika Merchant, a senior official said. According to the official, the airport has handled 4,500 passengers in arrival and departure from February 26 to March 3. “From February 26 to March 3, we have handled […]