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Piyush Goyal takes charge, Retains as Railways and Commerce Minister
Fri, May 31, 2019
Known for his corporate network developed during his days as an investment banker, BJP's go-to man Piyush Goyal has been given the charge of Railways, Commerce and Industry ministries in Modi's new cabinet. Goyal first made his mark in BJP as a treasurer and held portfolios in coal, power, railways, and finance.
Earth Hour: Power discoms save 258 MW in Delhi
Sun, Mar 31, 2019
The power distribution companies in the national capital saved 258 megawatt (MW) of electricity during sixty minutes of the Earth Hour observed on Saturday night.
Bihar govt to install prepaid smart meters in all households in next four to five years
Sun, Jan 20, 2019
The Bihar government is set to install prepaid smart meters in all households across the state in the next four to five years, an official said.
HCL Tech commits Rs 160 crore investment under CSR activity
Fri, Feb 23, 2018
The company will also be recruiting about 5,000 people in the years to come, Sanjay Gupta, Executive Vice President HCL Technologies, said.
Govt takes strategic decision to boost supply to thermal power stations
Thu, Feb 08, 2018
The strategy has ensured stock level of more than 21 days of normative stock especially in pit head power stations located in Northern Coalfields.
Market take heavy beating, tumble 983 points for the week
Sat, Feb 03, 2018
The budget proposals of 10% long term capital gains tax on equities and overshooting of fiscal deficit target quashed investor optimism
RInfra moves MERC for sale approval of Mumbai power biz to Adani Transmission
Tue, Jan 09, 2018
The company has sought approvals from MERC for assigning its licenses and transfer the businesses to RInfra's wholly owned subsidiary Reliance Electric Generation and Supply (REGSL), which will then be acquired by Adani Transmission.
Markets positive on last trading day of 2017
Fri, Dec 29, 2017
Lupin, Divis Lab, Eicher Motors, Power Grid and Larsen & Toubro were the top gainers in the benchmark Nifty
Saubhagya covers free electricity but no provision of free power consumption, clarifies Power Ministry
Wed, Sep 27, 2017
As per Saubhagya scheme below poverty line (BPL) households will be provided electricity connections free of cost.
Top five sectors with most exposure to banks NPAs; What can be done?
Tue, Jun 13, 2017
Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.
India Grid Trust to list on BSE, NSE tomorrow; should you invest?
Mon, Jun 05, 2017
India Grid Trust, an infrastructure investment trust (InvIT), is set to get listed on exchanges on Tuesday. It is the second InvIT to debut on bourses after IRB InvIT Fund.
Adani, Tata Power shares plunge on Supreme Court's decision over compensatory tariff
Tue, Apr 11, 2017
Both Tata and Adani Power had sought the regulator’s involvement stating that they suffered losses due to high cost of imported coal.
India becomes net exporter of power for the first time - government
Wed, Mar 29, 2017
April-February power exports of around 5,798 million units were 4% higher than what India bought from Bhutan, which has been a steady supplier of hydro-electricity to the country since the eighties.
Toshiba approves Chapter 11 filing for nuclear unit Westinghouse
Wed, Mar 29, 2017
Toshiba Corp`s board has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday - a move that would limit losses that have plunged the Japanese group into crisis.
Toshiba's Westinghouse seeks U.S. bankruptcy financing - sources
Tue, Mar 21, 2017
Toshiba is reviewing proposals from financial institutions and investment firms about a so-called debtor-in-possession loan, which would carry the company through a potential bankruptcy, said two people familiar with the situation. The size of this financing package is expected to exceed $500 million, the people added.
Coal India's subsidiary approves' shares buy back worth Rs 1244 crore
Sat, Feb 25, 2017
"Since NCL is a wholly-owned subsidiary of Coal India Limited, both pre and post buyback by NCL, Coal India shall hold 100% of the paid-up equity share papital," said Coal India in a BSE filing.
Cash source of black money generation: Piyush Goyal
Sat, Feb 25, 2017
Declaring that he felt disappointed about the happenings in the chartered accountant profession that he himself was earlier part of, Goyal reminded the gathering about what Finance Minister Arun Jaitley had said on the aim of demonetisation.
Jaiprakash Power allots 305.8 crore shares to lenders under SDR scheme
Sun, Feb 19, 2017
In a BSE filing on February 18, 2017, Jaiprakash Power said, "We wish to inform that upon approval of allocation of conversion of part of outstanding debt amount into equity shares amongst banks and financial institutions, the stakeholders relationship committee in its meeting, has alloted 305,80,00,000 equity shares of Rs 10 each at a price of Rs 10 per share to its lenders pursuant to implementation of SDR."
Coal imports decline by 22% to 14 MT in January
Sun, Feb 19, 2017
"In power sector, the state utilities are replete with stock and are aiming to curb imports altogether (except for coast-based plants) by March 2017. This explains the substantial drop....In steam coal imports in January 2017 vis-a-vis the same month last year," mjunction CEO Vinaya Varma said.
Q3FY17: Coal India's net profit down 20% at Rs 2,884 crore
Sun, Feb 12, 2017
The company reported consolidated net profit Rs 2884.46 crore compared to net profit of Rs 3617.17 crore in the similar period of previous year.