Ahead of privatisation of Bharat Petroleum Corporation (BPCL), the board of the fuel-retailer-cum-refiner on Monday approved sale of the company’s 61.65% stake in Numaligarh Refinery (NRL) which will garner about Rs 5,232 crore to the Centre as special
Based on Monday's total bids worth Rs 77,146 crore, the government would receive an upfront amount of about Rs 13,000 crore. Operators need to pay 25% of the total bid amount for spectrum below 1Ghz like 800 MHz, 900 MHz, and 50% for above 1 GHz like 2300
From a monthly low of just over Rs 32,000 crore in April 2020, the collections had gradually picked up; since September 2020, the mop-up has been higher than the year-ago levels and for the last five months, the revenues have been above the Rs 1-lakh-cror
To be fair, the BoB management has signalled that the restructuring scheme may have been unable to address stress in the retail and micro, small and medium enterprises (MSME) segments, and there may be pain ahead.
“We do not have concrete information yet about the kind of outlet they will introduce here, whether it will only be a beauty store like the ones they have at the airport or if it will be a full lingerie store. If they only set up a beauty store, it will
Improvement in the speed of freight trains and a number of concessions/discounts given by IR to make freight movement attractive have given a boost to IR’s freight performance. The average speed of freight trains in February 2021 was 46.09 kmph against
Disagreeing with the contrary view taken by the Bombay and the Calcutta High Courts, a Bench led by Justice R F Nariman in a batch of cases led by P Mohanraj v. M/S Shah Brothers Ispat Pvt Ltd said that moratorium under Section 14 of IBC also includes cri
The three-year-old Aspirational Districts Programme—following a triple-C framework of convergence, collaboration and competition—has set an example for state governments to extend this template of development to the block or gram panchayat level. The
Such a decision could mean cities with a poor record would lose out on the large doses of spending injected by thousands of visiting scientists and physics enthusiasts who gather for its annual meetings.
“Sugar mills are “facing difficulties in lifting of ethanol by OMCs”, even though they have allocated about 325 crore litres of supplies in 2020-21. It seems that OMCs and their depots are not fully geared up, especially in newer depots and states,
Jaguar brand will be positioned as an all-electric (by FY25) modern luxury brand with focus on radical design and best-in-class technology to attract a younger customer base vis-à-vis its past. The management also expects ~60% Land Rover sales to come fr
Divestment, delays and lukewarm interest, still looks likely to complete in FY22F; BPCL’s divestment, initially planned for FY20, has been delayed. Investor interest has also been lukewarm. We believe the current environment is not the best one to fetch
Speaking at a CII event, the minister said the country was able to quickly build up the capacity for testing, reflecting its efforts towards self-reliance. Also, today various countries are looking at India for the supply of vaccines.
During 2020, due to the COVID-19 pandemic, such LTC (leave travel concession) related travel was not possible. The government introduced an alternate way to avail this exemption by procuring goods or services subject to a set of conditions.
Addressing stakeholders of agriculture, dairy and fisheries from both public and private sectors (including cooperatives) at a webinar on Budget provisions related to this segment of the economy, Modi said: “Today, it is the need of the hour that the fa
Shedding the historical, costly bias in favour of small companies, the government has earmarked big bucks for big firms under the PLI schemes. The total incentives under 13 such schemes, covering sectors including telecom, electronics, auto part, pharma,