InvITs can be platform to channelise foreign capital: Harsh Shah, CEO, IndiGrid
Infrastructure investment trusts (InvITs) preside over Rs 70,000-crore of assets under management (AUM) across sectors such as real estate, gas transmission, telecom and power.
Gas exchange to help price discovery, domestic consumption to rise fast: Rajiv Srivastava, CEO, Indian Energy Exchange
But, it can be booked on behalf of buyers and sellers without really the need to own them at present since we have an excess capacity.
Proposed 20% basic customs duty on solar cells to hit units in SEZs
The government is planning to replace safeguard duty introduced in July 2018 to protect domestic manufacturers with a basic customs duty which will rise to 20% in a phased manner over the next 2-3 years.
Fuel sales may reach normal level by July: N Vijayagopal, director-finance, BPCL
N Vijayagopal, director-finance at BPCL, said that the company expects sales to reach normal levels by July, with the progressive easing of the lockdown.
Labour shortage hits JNPT throughput
Most of labourers including truck drivers contracted with JNPT and other labours with export houses have left for their hometowns impacting the operations both at the factories and at the port.
Privatisation of discoms an opportunity, says JSW Energy CEO
The scenario for FY21 will depend on economic recovery defined by three factors: how the MSMEs are going to perform, the issue of migrant labour, and the rate of spread of Covid-19, said Prashant Jain.
Why India’s largest renewable energy producer wants to sell its assets in Karnataka
The company is likely to raise Rs 1,500 crore through the sale at a valuation of Rs 5 crore per megawatt, the people said.
Falling crude: State-run OMCs may report Q4 inventory loss of Rs 33,000 crore
As retail prices of petroleum products are mapped with international rates, the steep fall of global crude prices in Q4FY20 meant that by the time refiners sold their products after processing crude, retail rates had fallen.
Interview | Project executions to see major productivity shift with automation, says Vimal Kejriwal, MD, KEC International
With government mandating only 25% to 50% employee attendance due to social distancing, companies will have to find alternative ways of increasing productivity.
COVID-19 lockdown: Govt gives blanket extension of timeline for renewable projects
The move comes after renewable companies made representations to the government to allow a blanket extension for six months to overcome supply-side disruptions in completing the projects.
Basic customs duty on solar modules being planned: MNRE secy
India currently has solar modules manufacturing capacity of 7-8 gigawatts (GW). This includes the units of players like Adani Solar, Tata Solar, Waaree Energies and Vikram Solar.
Current transportation fuel demand at 30%-40% of normal: R Ramachandran, director, refineries at BPCL
The current transportation fuel demand is around 30%-40% of the normal demand, with ATF demand almost near zero.
Maharashtra electricity company clears dues of Rs 4000 crore to IPPs
MSEDCL owes state run power producer Mahagenco around Rs 7,000 crore, which it plans to pay in due course along with Rs 200 crore of wind power producers' outstanding loans, which is held up for some outstanding issues.
PFC-REC may lend afresh to stressed discoms
Amid the ongoing lockdown across the country, the Centre has provided a breather to state discoms to tide over the current liquidity situation.
Liquidity is the biggest challenge in the present scenario: Raghupati Singhania, MD, JK Tyre & Industries
The domestic automotive industry, which was already passing through challenging times due to unprecedented demand woes, is expected to be further impacted, thereby pushing recovery timelines.
Gas sales by Petronet LNG, GAIL dip by a quarter, firms to invoke force majeure with foreign companies
Given the 21-day lockdown, the two firms may also face issues in lifting the contracted cargoes arriving at ports in the near future and ask foreign suppliers for rescheduling of the shipments.
IOC, HPCL reduce refinery throughput by up to 30%, BPCL to follow
Indian Oil Corporation (IOC) has cut its refined throughput by 25-30% as the demand for petroleum products like petrol, diesel, fuel oil, bitumen, etc fell substantially.
After Q3 gains, oil marketing companies to report big inventory losses in Q4
The OMCs are likely to see inventory loss of $5.6-8/barrel in Q4FY20 given that they bought crude at an average price of $65-$67 in the December quarter, according to analysts.
Global scenario in steel sector indicates slump has bottomed out: JSW Steel Joint MD & Group CFO Seshagiri Rao
For contractors who were awarded contracts in September 2019, disbursement was very inadequate initially, says Seshagiri Rao.
Budget wasn’t the demand driver we had expected it to be: Tata Steel CFO and executive director Koushik Chatterjee
For steel companies, the December quarter was the worst of the last few, says Koushik Chatterjee.
Power, fuel bill of cement companies to fall 13% as coal prices decline
The majority of Indian cement companies including Ultratech Cement, ACC, Ambuja Cement, Sree Cement and Prism Cement source around 70% of their coal requirement from abroad, while close to 30% is met from domestic coal.
Interview | Rural India has felt more of a squeeze from the slowdown, says Adi Godrej, chairman, Godrej Group
While the discretionary spend in rural areas has not risen as per expectations, FY21 is likely to deliver better numbers than the ongoing fiscal, says Adi Godrej, chairman of the Godrej Group, in an interview to Vikas Srivast
BS6 transition likely to be a smoother ride than BS4, here’s why!
In order to avoid a repeat of past mistakes, companies including Tata Motors, Mahindra & Mahindra and Maruti Suzuki had announced production cuts in conformance with reduced consumer demand.
Budget 2020: Expansion of gas grid – Experts say unified tariff to help
Budget 2020-21: CNG and PNG are out of the GST net, it is still unviable for industrial consumers who use fuel oil as a major resource.
NHAI plans fifth TOT auction in Feb to raise Rs 3,000 crore
The fifth package would consist of three to four road projects valued at around Rs 3,000 crore and will be followed up with small packages of two to three road projects after every two to three months, the source added.
CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end
CLP’s India portfolio includes renewable and conventional energy, amounting to over 3,000 mw. CLP India’s 16 wind energy and three solar energy projects span seven states.
National Investment and Infrastructure Fund in advance talks to buy two road assets of Essel Group
The build, operate and transfer (BOT) projects are valued between Rs 2,000 crore and Rs 2,500 crore, and the deal is expected to be completed before February, sources said.
Advertisement
Most Read
- RIL, Kishore Biyani firm speak up on Future Retail stake buy report; check if deal is happening
- Kanpur Shootout HIGHLIGHTS: CM Yogi announces Rs 1 crore ex-gratia to kin of policemen killed during raid, meets injured cops in Lucknow
- International flights like Lufthansa, Emirates and Qatar Airways start operations; India to start next month
- Jio, Airtel, Voda Idea badly need to raise tariffs to survive; here's how much more you should pay
- Modi in Ladakh Highlights: India has never bowed down and will never bow down to any power, says PM in Leh
- How much gold can you keep at home as per income tax rules?
- Ahmedabad-Mumbai Bullet Train Project: A new hurdle for the country's first high-speed rail corridor; details
- Bengaluru lockdown Karnataka Coronavirus latest news: Karnataka is India's fastest growing COVID19 state
- Taxpayer Alert! 5 changes in income tax, personal finance rules effective from July 1
- Hyderabad lockdown, Telangana, Andhra Pradesh coronavirus updates: Telangana, AP, Hyderabad record highest single day cases
Advertisement
Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
Advertisement
