New Delhi: IRB Infrastructure Developers NSE -9.99 % on Tuesday reported a consolidated net profit of Rs 42 crore for the second quarter ended on September 30. The company had posted a consolidated loss of Rs 20 crore in the corresponding quarter of the previous fiscal, it said in a statement. Total income during the […]
Category: The Economic Times
Economictimes
IEX seeks shareholders nod to issue bonus shares
New Delhi: Indian Energy Exchange NSE 0.76 % (IEX) will seek shareholders’ approval to issue bonus shares through postal ballot notice. The company has issued postal ballot notice to seek approval of shareholders on a proposal to issue bonus shares to members, a BSE filing said. The board had approved and recommended on October 21, […]
IEX starts trade in Energy Saving Certificates
New Delhi: The country’s premier energy trading platform Indian Energy Exchange (IEX) on Tuesday said it has commenced Energy Saving Certificates (ESCerts) trade. IEX NSE 0.73 % has started trade in “ESCerts under the perform, achieve and trade cycle-II (PAT-II) scheme apropos the notification dated 31 March, 2016, as issued by the Bureau of Energy […]
IRB Infrastructure to raise Rs 5,347 crore via preferential issue of shares
IRB Infrastructure NSE -9.99 % Developers (IRB) will raise Rs 5,347 crore through preferential allotment of shares to a subsidiary to Spanish infrastructure company Ferrovial S.A and an affiliate of Singapore’s sovereign wealth fund GIC, the Mumbai-headquartered company said on Tuesday. The transaction, among the largest equity fund raising by a listed infrastructure company, will […]
Centre release traffic management framework for drones
Bengaluru: India will onboard multiple public and private service providers for managing drone traffic in airspaces below 1,000 feet, as it moves forward with its plans to boost wider adoption of unmanned aircraft across sectors such as healthcare, logistics and agriculture in the next few years. The recently released National Unmanned Aircraft System Traffic Management […]
PSUs to compete with private firms in open market for rail contracts following Railway Board’s new order
The Railway Board has issued an order that will now make public sector companies, including those under the national transporter, compete with the private sector in the open market for rail contracts. The order on Tuesday, in effect, takes away a level of protection the PSUs enjoyed under a policy formed in 2019 which gave […]
After two-day pause, petrol and diesel prices are up again. Check the pinch
After a two-day pause, fuel prices are up again on Wednesday. In Delhi, petrol and diesel rates were up by 35 paise to cost Rs 107.94 and Rs 96.67 per litre, according to Indian Oil Corporation. A litre of petrol will cost you Rs 113.80 in Mumbai, and for diesel you will have to shell […]
India receives first direct shipment of Russian LNG under long term contract
India received its first direct shipment of Liquefied Natural Gas (LNG) from Russia’s Yamal LNG project over the last weekend. The shipment was supplied by Russian gas company Gazprom under its long-term (20 year) LNG contract with GAIL NSE -0.72 % (India) Ltd, it was been learnt. The shipment travelled through the Northern Sea Route, […]
IOC Haldia refinery to go for planned shutdown in December
Indian Oil Corporation’s (IOC) Haldia refinery will go for planned maintenance shutdown in December, company officials said. There will be no maintenance shutdown of the refinery, which caters mostly to the eastern region, in November due to the festival season. However, the increase in demand for fuel will be marginal during the festive period, they […]
Reliance BP Mobility Limited launches first mobility station in Navi Mumbai
Reliance Industries NSE -0.08 % (RIL) and bp’s fuel and mobility joint venture, Reliance BP Mobility Limited, launched its first Jio-bp branded mobility station at Navde, Navi Mumbai, Maharashtra on Tuesday. The joint venture operates fuel retail stations under the Jio-bp brand and is in the process of rebranding the existing 1400 fuel pumps. “The […]
Mahindra Electric Mobility launches Treo in Nepal
Mahindra Electric Mobility Ltd, part of the Mahindra Group, on Tuesday said it has launched its electric three-wheeler Treo in Nepal priced at Nepalese rupee 8.4 lakh (around Rs 5.40 lakh) (ex-showroom). The lithium-ion-powered Treo is being imported to Nepal through the Completely Built Unit (CBU) form and is being manufactured at Mahindra’s Bengaluru facility […]
India targets major global firms for local battery manufacturing
India plans to pitch to companies such as Tesla Inc, Samsung and LG Energy to encourage them to invest in manufacturing batteries locally, as it looks to establish a domestic supply chain for clean transport, two government sources told Reuters. India will host five roadshows starting next month in countries including the United States, Germany, […]