As part of an IIT-Guwahati initiative, Oil India today signed agreements with two start up firms - Innovative Interventions and RD Grow Green - for working in Assam.
“Implement creeping increase in passenger fares’, said one of the pointers, in a dictate issued by the Prime Minister’s office. The passenger’s segment which is very subsidized will see a tiptoeing hike in the tariff from September.
The financial sector registered a loss of Rs 16,770 crore in 2016-17 owing to banking frauds. This was a rise of 72 percent over the last five years, finds an RBI report.
The list would be sent to the Department of Financial Services to get Appointments Committee of Cabinet (ACC) clearance, sources said. The ACC is headed by Prime Minister Narendra Modi.
Of its total holding of 80 per cent in Rashtriya Chemicals and Fertilisers (RCF), the government is selling 5 per cent, or over 2.75 crore shares, at a floor price of Rs 74.25.
MTNL has argued that its mobile licence for the two service areas remained underused in the first four years of the permit's lifespan, for various reasons.
Several transition issues relating to procedures to be followed on registration, migration, refund, credit for duty paid on stock, etc were discussed in detail during the meeting, which was also attended by Revenue Secretary Hasmukh Adhia.
As per guidelines of the Securities and Exchange Board of India (SEBI), government stake in PSUs should be 75 per cent or less by August 2017.
A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.
The Rail Vikas Nigam Limited (RVNL), a railway PSU, has been entrusted with the task of undertaking the final survey for rail connectivity to Chardham - Gangotri, Yamunotri, Badrinath and Kedarnath - through Dehradun and Karanprayag.
"To get higher returns from GoI (Government of India) investments, DIPAM asks CPSEs to follow guidelines on capital restructuring and expedite exemption proposals," DIPAM Secretary Neeraj Kumar Gupta tweeted.
In an interview to CNBC-TV18, Sandeep J Shah, Associate Director of Motilal Oswal Private Wealth Management shared his readings and outlook on specific stocks and sectors.
Coal India paid Rs 12,353 crore as dividend in FY17, a 190 percent payout compared to its net profit in the first nine months of the year. Other state owned firms like NMDC, Nalco, ONGC, NHPC and Bharat Electronics have announced huge dividends in the last two years.
As of 1425 hours, as against 7.73 crore shares offered to institutional buyers, bids came in for over 12.60 crore shares. The share sale for today will continue till the close of market hours.
Commerce Ministry today said it has spent Rs 2,454 crore under various plan schemes, which is 99.45 percent of the allocation -- the highest in last five fiscals.
Steel Minister Chaudhary Birender Singh said the country's steel output is at around 120 million tonnes and the government is aiming to achieve 300 million tonnes by 2030.
The MoU was signed between senior officials of the two companies in the presence of TSRTC Managing Director G V Ramana Rao at Bus Bhavan here, an official release said.
The companies listed so far include National Textile Corporation, Fertilisers and Chemicals Travancore, Hindustan Antibiotics, Scooters India and Hindustan Fluorocarbons.
Under the agreement with the Bengaluru-based R&D laboratory, MIDHANI will process nickel titanium shape memory alloys (NiTi-SMAs) on exclusive basis for engineering and bio-medical applications, a release said here.
The centre has jumped to the rescue of state-owned oil companies Oil India andONGC, who are liable to pay royalty dues to states of Assam and Gujarat.
UP Power Corporation has raised Rs 6,510 crore by issuing bonds on private placement basis through BSE's electronic book mechanism, making it the highest ever fund raising by a PSU on such platform.
"The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded," one of the officials said.
The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
The government is very clear in its approach of getting all profit making central public sector enterprises (CPSEs) listed in a time-bound manner to open them up for public scrutiny and higher transparency, DIPAM Secretary Neeraj Gupta told PTI in an interview.