The Srikrishna committee has found severe breach of corporate governance and disclosure norms by Chanda Kochhar, ICICI Bank’s former chief executive officer and managing director, in the restructuring of debt of at least six corporate accounts other than that of Videocon Industries, said a person privy to the panel’s findings in the Rs 3,250-crore ICICI-Videocon […]
Category: Power
Power
Chanda Kochhar held guilty in ICICI probe report, will lose her perks
A probe panel headed by former Supreme Court Judge B N Srikrishna has found that former chief executive and managing director of ICICI Bank Chanda Kochhar violated the bank’s code of conduct in the Videocon loan case.
JSW Energy net rises three-fold to Rs 147 cr on strong power demand
Private power producer JSW Energy reported a multi-fold rise in its consolidated net profit at Rs 147.08 crore owing to better operational performance. However, the company’s comprehensive income for the period took a hit due to mark to market losses related to group company holdings.
JSW Energy’s Q3 profit nearly trebles to Rs 147.08 cr on higher revenues
JSW Energy’s consolidated net profit nearly trebled to Rs 147.08 crore for the quarter ended on December 31, 2018, compared to the year-ago period, mainly on account of higher revenues.
Renewable energy set to witness 10,000 Mw capacity addition in FY20: Report
Renewable energy is set to witness 10,000 megawatt (Mw) in fresh capacity addition in FY20, aided by project awards from central agencies and state-owned distribution utilities.
Unused thermal capacity, rising green power may cool spot energy prices
High spot energy prices are unlikely to sustain in the medium terms as unutilised thermal power capacity and a spike in generation from renewable sources will weigh on.
NTPC to synchronise 800 Mw unit of Darlipalli thermal power plant by March
NTPC Ltd, the country’s largest power generating utility plans to synchronise the 800 Mw unit of its 1600 Mw super thermal power station at Darlipalli, near Sundargarh, by March 2019.
Videocon loan case: Uncertainty to keep ICICI Bank’s stocks under stress
Just when things were looking up for ICICI Bank, the FIR filed by the Central Bureau of Investigation (CBI) against the bank’s former managing director (MD) & chief executive officer (CEO) Chanda Kochhar, her husband Deepak and Venugopal Dhoot, MD of the Videocon group, as well as companies related to them, has unsettled investors.
Tata Power’s quarterly profit plunges nearly 67%; hit by higher expenses
Tata Power on Monday reported 67.42 per cent decline in consolidated net profit at Rs 204.61 crore for December quarter 2018, mainly on account of higher fuel and borrowing costs.
Don’t cast net too wide: Jaitley on CBI’s handling of ICICI Bank case
Union minister Arun Jaitley on Friday questioned the Central Bureau of Investigation’s (CBI’s) approach to the ICICI Bank-Videocon loan case, and said that including too many bankers in the first information report (FIR) could hurt the interests of the banking industry.
Videocon loan case: CBI officer who lodged FIR against Kochhar transferred
The CBI officer-in-charge who lodged FIR in the alleged irregularities pertaining to the sanctioning of loans by the ICICI bank, has been transferred out.
Info on searches was leaked: CBI justifies transfer of Chanda probe officer
The Central Bureau of Investigation (CBI) has transferred the investigating officer in the ICICI Bank case as its “discreet inquiry” suggested his role in leaking information related to searches, officials said on Sunday.