Indronil Roychowdhury

Kerela government ropes in Olectra-BYD to operate electric buses

Kerala takes a step ahead to put electric mobility in vogue by roping in Olectra-BYD, a leading player in electric public transport system, to run its fleet of electric buses in the state.

Infrastructure News

GAIL struggles to find gas buyers in West Bengal

With GAIL (India) putting its gas pipeline projects on the fast track, the company has gone on an overdrive to get customers, even though the response has been poor in states such as West Bengal.

Industry News

Coal fetches 102% premium in e-auction, surpassing the earlier highest of 95%

This price discovery is owing to the demand-supply mismatch, although coal production has achieved a double digit growth during the first six months of the fiscal.

Commodities News

‘FAME II subsidy not enough for transition to electric mobility’

The Union power ministry has asked all state distribution companies to evaluate a business model to set up charging stations for electric vehicles.

Industry News

What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion

The IBBI should consider the expansion of the committee of creditors (CoC) so as to take care of the dues of the unsecured and operational creditors, in particular, the workmen, according to legal professionals.

Committee of Creditors, IBBI, Insolvency and Bankruptcy Code, NCLT, resolution, legal professionals News

WBPDCL to mine its own coal to avoid spot power purchase

With the day-ahead power market achieving higher volumes (306 million units for Saturday delivery) and prices going haywire (Rs 10.54 at evening peak) on the Indian Energy Exchange, the power ministry has asked state discoms

coal, coal industry, coal sector News

Tata Steel inks 5-yr pact to supply steel to Usha Martin

This agreement is being viewed as part of the transaction that would take place while Tata Steel will complete the acquisition in six-eight months.

Industry News

GRSE enters civil construction sector

The government of West Bengal has banked on the PSU warship builder Garden Reach Ship Builders and Engineers (GRSE) to set up two set of bridges that have recently collapsed.

Industry News

NTPC plans boosting utilisation of low-cost power plants

While the power ministry is exerting pressure on the coal ministry to relax fuel and regulatory issues, the PSU power producer wants to operate its pit head plants at higher plant load factor, keeping the plants away from pit

Industry News

SREI Infrastructure moots defence offset funds

SREI Infrastructure Finance has mulled floating defence offset funds to provide equity to MSMEs manufacturing defence equipment.

SREI Infrastructure Finance, MSME, MSME in defence manufacturing, defence sector, defence equipment News

Track maintenance: Safety and speed the priorities

Indian Railways is aiming to mechanise the process on its entire network by 2024.

Infrastructure News

TCG mulls shifting project from West Bengal to Tamil Nadu on land delays

Purnendu Chatterjee-controlled the Chatterjee Group (TCG), which runs Haldia Petrochemicals and Mitsubishi Chemicals in Haldia, is planning to set up a refinery in Tamil Nadu.

Industry News

Policy parity: Retailers’ apex body wants FDI across all channels

Major retail chains such as Future Group, Spencer's Retail, Titan Industries, Shopper's Stop, TRRAIN and Hyper Market, among others, have demanded that the Centre should allow 25% FDI in retail across all channels to start wi

Industry News

Why FY19 is critical for Modi government’s ambitious Sagarmala success

As many as 160 projects with investment of Rs 71,000 cr are lined up for implementation in the ongoing fiscal.

Infrastructure News

Future Group to sell non-PDS items at ration shops in tie-up with Bengal government

West Bengal food and civil supplies secretary Manoj Agarwal said this wouldn’t be a subsidy scheme and would be open to all consumers irrespective of being a ration card-holder or not.

Industry News

Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo

The chairperson of Insolvency and Bankruptcy Board of India (IBBI) MS Sahoo on Saturday advocated that the focus regarding cases under the Insolvency and Bankruptcy Code (IBC) should be on resolution and not liquidation to ma

Insolvency and Bankruptcy Code, Bankruptcylaw, ibc, National Company Law Tribunal News

Visa Steel case: NCLT asks SBI to file ‘mentioning petition’

By mentioning petition means that lawyers will have to make a mention of the vacation of the interim stay order so that the case can be fast-tracked.

visa steel, Visa Steel case, NCLT, SBI News

NCLT puts off FACOR liquidation, gives more time for resolution

The Kolkata bench of the National Company Law Tribunal on Thursday directed the resolution professional (RP) for Ferro Alloys Corporation, the corporate debtor who stood guarantor for Facor Power, to file an application seeki

NCLT, kolkata, RP, ferro alloys, FACOR News

Hearings on Binani Cement conclude, order in a week

The CoC of the beleaguered cement company approved Rajputana Properties’ Rs 6,600 crore resolution plan on March 14 following the Dalmia Bharat controlled company being declared as the H1 bidder on February 27.

The hearing of 14 applications in the resolution process of Binani Cement at National Company Law Tribunal (NCLT), Kolkata, concluded on Tuesday, and the order is expected in about a week’s time. News

There’s no scope for H2 bid: Dalmia Bharat, CoC to NCLT

While SK Kapoor, the counsel for Dalmia Bharat, argued that UltraTech flouted the provisions of the IBC by submitting two resolution plans, one in February and another in March, Pratap Chatterjee, counsel for the CoC, argued

dalmia bharat, CoC, NCLT News

Ferro Alloys case: RP gets more time for resolution plan

The Kolkata bench of the National Company Law Tribunal (NCLT) on Monday directed the Resolution Professional (RP) in the case of Rural Electrification Corporation versus Ferro Alloys Corporation to continue to manage the affa

National Company Law Tribunal, nclt,Ferro Alloys case News

Transport creditors urge NCLT to appoint RP in Binani case

Five operational creditors — Om Transport, Amit Road Lines, Meel Transport, Mahavir Transport and Sri Choudhary Road Lines — that had dragged Binani Industries, the promoter company of Binani Cement, to the Kolkata bench

NCLT, binani case, RP, transport creditors News

NCLT reserves winding-up order for Burn Standard

The Kolkata bench of the National Company Law Tribunal (NCLT) has reserved the order for winding up the Kolkata-based railway PSU Burn Standard, although it has announced an insolvency resolution package of Rs 417 crore to pa

NCLT, burn standard, PSU burn standard, CCEA News

Tea Board for preferential trade pact between India, China

The Tea Board of India has urged the Centre to sign a preferential trade agreement with China so that both the countries can tap each other’s market to trade in tea.

Tea Board, India, china, Dali, Kolkata, Bengal Global Business Summit, Communist Party of China, Kunming University News

Bengal budget focuses on rural sector

Presenting his budget on Wednesday, West Bengal finance minister Amit Mitra announced a number of schemes to give a booster to West Bengal’s rural sector and socioeconomy at large.

budget 2018, bengal budget, west bengal budget, amit mitra budget News

Narendra Modi’s recent sea plane ride turns SpiceJet, Zoom Air’s eyes towards West Bengal

Narendra Modi's recent ride on a single engine sea plane from Sabarmati in Ahmedabad to Dharoi Dam in Mehsana of Gujarat, during the Gujarat Assembly polls, might just have given a big boost to the prospect of sea planes in t

narendra modi, spicejet, zoom, sea plane, sabarmati sea plane, west bengal, boost to sea plane News

West Bengal’s no to APMC Act, Centre’s no for e-mandi

West Bengal's 17 applications for setting the Centre's electronic National Agriculture Market (eNAM) is still pending with the union ministry of agriculture since the state has not brought the changes in the APMC Act, require

West Bengal, AMPC, e-mandi, eNAM, Niti Aayog, Bharat Chamber of Commerce, agriculture produce, Radha Mohan Singh News
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