An influential Indian farmers’ group said on Wednesday said their movement to arrive at a consensus on agricultural reforms had been upstaged by powerful vested groups, who dared to plant a flag on top of the historical Red Fort and damaged vehicles during a rally held on the country’s Republic Day. Farmer groups had staged […]
State-owned Coal India Ltd said that it is well geared to meet any surge in demand for coal from the power sector. The statement follows power demand touching an all-time high of 187.3 GW last Friday. “CIL (Coal India) is well geared to meet any surge in demand for the dry fuel from the power […]
UK-based Kyma Capital, founded by former Blackstone trader Akshay Shah, is set to complain to US regulators in a dispute with Indian billionaire Anil Agarwal over nearly $1 billion in loans by Vedanta Limited to its parent company, a source familiar with the matter told Reuters. Kyma Capital, a London-based hedge fund that owns shares in […]
The government of India has invited preliminary bids for strategic sale of Neelachal Ispat Nigam Ltd (NINL). The Indian cabinet is also likely to take up the proposal for approval of strategic disinvestment of Rashtriya Ispat Nigam (RINL), the Vizag-based steel public sector unit (PSU) having 6.3 million tonnes per annum (mtpa) steel-making capacity. In […]
Environmentalists and politicians in Goa, India, known globally for its beaches and dense forests, are opposing a plan by Prime Minister Narendra Modi’s government to turn the southwestern coastal state into a coal transportation hub. Protests against the initiative began last year, when New Delhi unveiled three infrastructure projects to increase coking coal handling at the state-run Mormugao Port Trust […]
With shortfall in production and supply of iron ore from a large number of mines auctioned before expiry of leases on March 31, 2020, India’s mines ministry has proposed amendment in Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules (MCR), 2021 which prescribes stricter conditions against defaulting leaseholders. The draft amendment of […]
Reliance Industries Ltd has spun off RIL’s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company said. The oil-to-chemical (O2C) business unit holds Reliance’s oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business. […]
Following a series of meetings chaired by Piyush Goyal, minister for food, consumer affairs, commerce, industry and railways, with FCI and senior government officials, the government of India has proposed to revise archaic grain standards of the FCI, which were set 20-30 years ago. The plan includes keeping with advances in harvesting and handling technologies, […]
Tata Power Solar announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC for setting up of 320 MW ground mounted solar project. Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a “Letter of Award (LoA)” to build 320 MW of ground […]
India may finally shift to the direct benefit transfer (DBT) for delivering fertiliser subsidy to farmers effective FY22. The department of fertilisers and the ministry of agriculture are working out the details of the DBT scheme, which may be announced in the Budget for FY22, Financial Express reports. According to an estimate by the fertiliser […]
