Rafale deal: In a sensational expose in the Rafale controversy, The Indian Express on Tuesday reported that businessman Anil Ambani met top French Defence Ministry officials in March 2015 in Paris, just a fortnight before Prime Minister Narendra Modi’s visit to France when the deal to procure 36 Rafale fighter jets was clinched.
Category: The Financial Express
The Financial Express
Has Modi’s UDAY scheme fulfilled its destiny? A review of power sector
With the current estimate of thermal sector stress at over Rs 2.5 lakh crore of investments, the future of the power sector does not look promising. The question is, has UDAY, Modi government’s flagship scheme to alleviate power sector from its distress, worked? This comes in the light of India’s power sector being one of […]
Oil imports: Opportunity for India as sanctions-hit Venezuela seeks to double exports
Venezuela wants to double its oil sales to India and is open to barter payment arrangements with the world’s third biggest crude consumer, Venezuelan oil minister Manuel Quevedo said on Monday. Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s […]
NTPC threatens to cut power supply to Jammu and Kashmir over dues of Rs 2,000 crore
State-run power generation company NTPC has threatened to curtail power supply to Jammu & Kashmir from February 19 unless the state’s power development department clears dues that have shot up to almost Rs 2,000 crore. Of the total outstanding dues, as much Rs 1,626 crore has been pending for more than 60 days.
PFC Q3 profit rises 71 per cent to Rs 2076 crore, borrowing cap raised before REC buy
State-owned Power Finance Corporation (PFC) has reported a net profit of Rs 2,075.8 crore for the quarter ended December 2018 on a standalone basis, recording a year-on-year (y-o-y) rise of 70.6% from the year-ago period on the back of higher interest income and gains from foreign currency fluctuations.
SpiceJet profit down 77% on high fuel costs, weak rupee
SpiceJet on Monday reported a 77% year-on-year decline in profits to Rs 55 crore during the December quarter owing to high fuel expenses and a weak rupee.
NCLAT removes mortarium on 22 Indian, 133 foreign subsidiary of IL&FS
The National Company Law Appellate Tribunal (NCLAT) on Monday lifted the debt moratorium on 133 offshore group entities of IL&FS, partially reversing an earlier decision on October 15 last year.
Spicejet offer extended: Grab domestic flight tickets starting at Rs 899; check details
SpiceJet has extended its previous sale. With domestic flights starting at Rs 899, and International flights starting at Rs 3699, SpiceJet’s ongoing sale is valid for tickets booked till 14 February 2019. The travel period for the same is valid till 25 September 2019.
Hollongi airport: Arunachal Pradesh capital Itanagar to finally be on aviation map! facts you should not miss
With Hollongi airport, Northeast set to fly high! PM Narendra Modi will lay the foundation stone of the Hollongi airport in Arunachal Pradesh on Saturday, a step that will eventually give the region better air-connectivity that is certain to spur economic activities and boost the tourism potential of the state. The Hollongi airport was a […]
Solar power: First mega projects in Ladakh expected to get good response
The Centre IS thinking big as far as tapping the solar potential of Jammu and Kashmir’s Ladakh region is concerned. On its agenda is the creation of 23-GW solar capacity in the region, entailing investments of `45,000 crores. With a single tender for the first phase of the ‘ultra mega’ solar project having been floated, […]
Power ministry seeks extra coal before summer to meet demand
Given the surge in power demand during the summer season, the power ministry has asked the coal and railway ministries to ensure sufficient fuel supplies to the power plants so that they can run at full capacity utilisation levels (PLFs).
All households to soon have clean cooking fuel, says Dharmendra Pradhan
After catapulting LPG coverage by about 40 percent in just 55 months, the government will soon make available clean cooking fuel to all households, Oil Minister Dharmendra Pradhan said Sunday.