FE Bureau

A quarter before deadline, AT&C losses far higher than UDAY target

Inadequate hikes in power tariffs, incremental rise in ‘open access’ transactions, rise in salaries due to the Seventh Pay Commission, late subsidy disbursal by the states and outstanding dues accumulating from state gove

A quarter before deadline, AT&C losses far higher than UDAY target News

7.5 GW solar projects in Leh & Ladakh: Bidders seek more time for site visits

Industry players have sought more time from the Solar Energy Corporation of India (SECI) to complete their site visits in Leh and Ladakh districts, where the government plans to set up solar parks with capacity of 7,500 MW.

Economy News

National electronics policy approved; know key features

Currently, the department of expenditure is being consulted on it after the completion of stakeholders’ consultation.

Finance minister Arun Jaitley addresses the media after a Cabinet meeting, in New Delhi on Tuesday News

SC refuses to interfere in appointment of CBI interim chief M Nageswara Rao

The judgment came on a petition filed by Common Cause. The NGO had challenged the appointment, saying it was done without the approval of the PM-headed panel.

India News

Kerala govt plans Rs 250-cr fillip to tourism, launches Human by Nature brand campaign

The minister launched a new brand campaign titled ‘Human by Nature’, a part of the marketing initiative to refurbish the perception of the southern state’s tourism sector.

Kerala govt plans Rs 250-cr fillip to tourism News

Coming soon: Tata Motors to sell electric cars with of 200-250 km range

Tata Motors is exploring partnerships with various start-ups and Tata group companies to deliver electric mobility as a service.

Tata Motors to bring EVs of 200-250 km range News

Tata Motors staff get Rs 9,000 wage hike under pact

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees that will see workmen get a wage rise of Rs 9,000 per month along with other incentives based on performance.

Tata Motors staff get Rs 9,000 wage hike under pact News

Sajjan Jindal-led JSW plans IPO for cement business in FY 2021

The IPO is conditioned on the achievement of 20 MTPA capacity by December 2020 as part of an aggressive expansion drive.

JSW Cement plans IPO in FY21 News

Gujarat government presents Rs 1.92 lakh crore interim budget

The Gujarat government on Tuesday presented a vote-on-account proposal instead of a full-fledged budget for financial year 2019-20 without changing the current tax structure in the House.

Gujarat govt presents Rs 1.92-lakh-cr interim budget News

Vedanta to file fresh writ in High Court Sterlite Copper row

In its information to the stock exchanges, Vedanta said that the company will be proceeding with the next steps of filing the writ petition before the High Court.

Vedanta to file fresh writ in HC over Sterlite Copper row News

MRF-workers spat continues; management says strike illegal

The workers’ strike at the Tiruvottiyur factory of leading tyremaker MRF continued on Tuesday (the 11th day) with both the management and the union sticking to their stands.

MRF-workers’ union spat continues; management says strike illegal News

French aerospace firm Safran to have engine plant in Hyderabad

Safran had already announced in 2018 the construction of a Safran Electrical & Power factory to produce LEAP engines harnesses and Rafale fighter electrical wiring inter-connection systems.

French aerospace firm Safran to have engine plant in Hyderabad News

ABB wins Rs 270 crore train tech order from railways

The converters are custom designed for Indian Railways and will be manufactured at one of ABB’s largest factories for locomotive applications in Nelamangala, near Bengaluru, in southern India.

ABB wins Rs 270-crore train tech order from railways News

Canara Bank invites merchant bankers for USD350-500 million MTN issue

Canara Bank on Tuesday invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme.

Canara Bank invites merchant bankers for $350-500m MTN issue News

Q3: Promotor share pledging within BSE200 at 8-year high

Rising corporate governance issues across sectors seem to have hurt market sentiments in the past few months which led to a fall in the prices of stocks where promoters pledging is high.

December quarter: Promoter share pledging within BSE200 at 8-yr high News

Rabi foodgrain output to hit a new high in 2018-19

The bumper production for the third consecutive year will be a challenge for the next government to ensure farmers get reasonably good prices, as mandi rates of many kharif oilseeds and pulses were seen 30-40% below their MSP

Rabi foodgrain output to hit new high in 2018-19 News

Are you an engineering student? Here’s a next-generation app for you

The platform will also assist students to stay connected with the organisation, keep up with the latest happenings, and familiarise themselves with Infosys’ culture and value system.

Infosys learning app for engineering students News

RBI to transfer Rs 28,000 crore to government as interim dividend

Arun Jaitley says India needs fewer, larger PSBs; Das says can’t have separate PCA rules for PSBs.

rbi, finance minister arun jaitley, arun jaitley, RBI governor Shaktikanta Das News

Setback to Vedanta! SC refuses reopening of Sterlite’s plant, sets aside NGT order

The judgment has come on a batch of cross-appeals filed by the state government, Vedanta and others.

Setback to Vedanta! SC refuses reopening of Sterlite’s plant, sets aside NGT order

Citing technological interventions, Andhra Pradesh discoms approach regulator to reduce wind power tariffs

The Andhra discoms have recently come under pressure with piling dues to power generators. NTPC’s outstanding receivable from Andhra Pradesh (over 60 days) are pegged at Rs 2,220 crore at the end of 2018.

power sector, power industry, ntpc News

Swachh Bharat: Modi govt forms committee to ease credit flow to water and sanitation sector

The panel led by PNB managing director Sunil Mehta will examine ways to reduce interest rates on loans to household and MSMEs in the sector and also enhance collaboration between banks and state machinery at state and distri

sanitation, water News

Nestle India shifts to ‘aggresive growth strategy’; will maintain pace of advertising

Nestle India will keep the pace of spending on advertising and marketing activities up in 2019, as was the case in the December 2018 quarter.

nestle, nestle india News

Varun Beverages acquires PepsiCo franchise rights for South, West India

Varun Beverages, the bottling partner of PepsiCo India, has acquired the franchise rights for the southern and western regions for bottling, sales and distribution.

varun beverages, pepsico News

Surprise packet: Reliance Jio rakes it in with 4G feature phones, sells close to 5 cr units

Jio has been the fastest to see the opportunity at low price points and adapt the platform to acquire millions of 2G feature phone users to its 4G network.

reliance jio, jio, reliance News

Ashok Leyland launches new Guru 1010 ICV, Boss 1616 and 1916 medium-duty trucks

Ashok Leyland on Monday launched new variants of intermediate commercial vehicle (ICV) GURU 1010 and a medium duty vehicle (MDV) Boss 1616 and 1916.

ashok leyland, automobile sector, automobile industry News

Liquidity deficit during past week at 7-week high

The average liquidity deficit during the week ended Friday, February 15, was at a seven-week high at Rs 86,715 crore, led by fund outflows and a higher credit growth compared to the deposit growth, according to a Care Ratings

stovk markets, banking sector, cash liquidity News

Indian Oil goes up value chain, signs fuel supply deal with US

The state-run oil marketing company said the deal is worth $1.5 billion per year and will be effective for financial year 2019-20.

Indian Oil, IOC, Indian Oil deal for us crude, crude oil import, India crude import, Iran crude oil, BPCL, HPCL, अमेरिकी क्रूड ऑयल, भारत का क्रूड आयात, क्रूड, भारत में कच्चे तेल का आयात, इंडियन ऑयल, भारत पेट्रोलियम, हिंदुस्तान पेट्रोलियम News
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