Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
State govt U-turn four months after agreeing to let MMRDA buy RInfra’s 74% stake in the east-west metro line
Electric two-wheelers lead as India’s EV sales cross 1.7 million in FY2024 India’s electric vehicle (EV) market registered a significant uptick in sales, crossing 1.7 million units in the fiscal year 2024, according to a report by JMK Research & Analytics. The report detailed that electric two-wheelers (E2Ws) constituted over 55% of the annual EV sales, totaling 41,35,077 units by the end of FY2024. The passenger electric […]
Coal India posts 26 pc rise in profit to Rs 8,682 cr in Q4 on higher supplies Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter on the back higher supplies of the dry fuel. The company’s consolidated net profit stood at Rs 6,875.07 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. […]
IGX sees 123 per cent monthly growth in trading volumes in April amid lower LNG prices The Indian Gas Exchange (IGX) recorded a 123 per cent month-on-month increase in gas trading volumes for April 2024, totaling 2.47 million mmbtu (~62 mmscm), which also marked a 38 per cent increase on a year-on-year basis. This surge in trading activity was largely due to price corrections in the international market and the lower […]
IndiGo gets tax demand related to input tax credit IndiGo has received a tax demand following the rejection of an input tax credit that was availed by the company in 2018-19. In a regulatory filing on Wednesday, the company said it has received a “demand of Rs 31,240, including tax of Rs 21,240 and penalty of Rs 10,000 for the FY 2018-19”. The demand […]
India’s Adani Enterprises’ Q4 profit falls 38% as roads business weighs India’s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses. Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group’s flagship company said in an exchange filing. […]
SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways The Indian Railways has awarded a Rs 817.74 crore wagon manufacturing contract to a joint venture of SAIL and RITES. These Bogie Open Wagons (BOXNHL) are aimed at transporting coal and iron ore. According to officials aware of the move, the tender for 2000 such wagons was awarded in the last week of April to […]
Subsidised LPG price cut by Rs 1.46 Business Line, Newspapers, Oil & Gas February 1, 2019February 1, 2019 Binu Mathew Domestic cooking gas (LPG) price was cut by Rs 1.46 per cylinder on Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel. Sharing Facebook Twitter LinkedIn Email Print
