Renewable Energy Retreat India’s ambitious renewable energy targets appear to be faltering as the coal sector experiences a revival. Private-sector coal generators, previously deterred by massive losses and the rise of cheaper renewable power, are now reconsidering their investment strategies. Companies like Adani Power Ltd., JSW Group Ltd., and Essar Power Ltd. are showing renewed …
On March 14, 2024, Railtel Corporation of India Ltd declared that the company had bagged a work order of ₹113.46 crore from the Odisha Computer Application Centre (OCAC). Details of the Order On Thursday, Railtel Corporation of India Ltd announced they got a work order from the Odisha Computer Application Centre. As per the company’s …
On March 14, 2024, evening, the Indian government announced a ₹2 per litre reduction in the price of petrol and diesel in an effort to alleviate the burden of excessive inflation on consumers. The new prices became effective on March 15, 2024, at 06:00 AM. While this price cut would result in a reduction in …
On March 14, 2024, the Ministry of Power announced that National Thermal Power Corporation (NTPC) Ltd, a Central Public Sector Enterprise (CPSE) had crossed the mark of 400 Billion Units (BU) of total electricity generation till March 13, 2024, in FY24. However, in FY23, the company had generated 399.3 BU. This milestone has been achieved …
CRISIL – Company Profile CRISIL Ltd. is a distinguished global analytics powerhouse, known for its comprehensive offerings in ratings, research, risk, and policy advisory services. Operating through diverse segments that address a broad spectrum of financial services, CRISIL underscores its critical presence in the industry. With its roots dating back to 1987 and headquartered in …
Incorporating wholly owned subsidiary Great Eastern Shipping Company (GE Shipping) has received approval to incorporate a wholly owned subsidiary (WOS) in International Financial Services Centre (IFSC) at Gift City, Gandhinagar, Gujarat with the main object of ship leasing which shall include owning, operating and chartering of vessels and other permissible activities. The authorized equity share …
On January 31, 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank from accepting fresh deposits and doing credit transactions after February 29, 2024, which was extended to March 15 2024. RBI stated that the Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed continuous non-compliance and continued …
Refrigeration gas maker Navin Fluorine International Ltd, in an exchange filing on March 14, 2024, stated that the company’s Board of Directors had approved an additional investment of ~₹250 crore in its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). This investment will be made by subscribing to non-cumulative, non-convertible, non-participating, and redeemable preference shares …
On March 14, 2024, IRB Infrastructure Developers Ltd informed that Cintra, a subsidiary of Spanish construction giant Ferrovial, has agreed to acquire a 24% stake in IRB Infrastructure Trust from GIC Affiliates. Details of the Acquisition On Thursday, the Spanish multinational company Ferrovial, which operates in the infrastructure sector, confirmed that the company’s subsidiary, Cintra, …
On 15 March 2024, the shares of Ashok Leyland Limited are in focus after the sale of a minority stake of ~19.6% in Hinduja Tech (a subsidiary of Ashok Leyland) to Creador, a renowned private equity firm. The deal sees Creador investing $50 million in Hinduja Tech. The share price of Ashok Leyland opened at …
