BUSINESS
Govt spend will boost infra but concerns around public private partnership not addressed: Vinayak Chatterjee.
Vinayak said that the Budget met 7-8 items on his Budget wishlist and the current government has been consistent in its approach to growing the economy through capital investment.
BUSINESS
Economic Survey 2023 reiterates National Monetisation Pipeline target at 1.6 lakh crore but with a disclaimer
Economic Survey 2023: While the centre met its NMP target in its first year in 2021-22, it may miss the goal in FY23 by a significant margin, according to sector experts.
BUSINESS
L&T may exceed FY23 revenue, order inflow guidance if momentum continues: CFO
L&T had earlier guided it will close FY23 revenue, and order inflow at a growth of 12-15 percent.
BUSINESS
India’s energy imports soar in April-December 2022, Russian crude imports stay high
Imports from Russia rose, due to discounted rates offered, from $6.58 billion from April to December 2021 to $32.88 billion in 2022.
BUSINESS
PTC Financial Services under RBI scanner as corporate governance issue lingers
The PFS management has dismissed the findings of a forensic audit, citing views of E&Y and a former chief justice of India.
BUSINESS
Govt extends commercial coal mining bid deadline by two more weeks from January 13
The sale of tender documents started on November 03, 2022 and the initial bids can be submitted by January 13
BUSINESS
Governance controversy behind us, eyeing to scale up in FY24: PTC India Financial MD
In 2023-24, the company aims to scale up loan sanction to over Rs 6,000 crore, PFS managing director and chief executive officer Pawan Singh tells Moneycontrol. Singh also says the company does not fully agree with the findings of a forensic audit by CNK & Associates
BUSINESS
Joshimath: Stop hydropower projects in Himalayan region, re-evaluate impact: Expert
The return on investment in these hydropower projects is negligible if you consider the ecological costs that have to be paid. These ecological costs are not accounted for, said Dr Anjal Prakash, Research Director and Adjunct Associate Professor of ISB.
BUSINESS
MC Explains: What is National Green Hydrogen Mission and what is India’s policy?
While the first financial commitment towards green hydrogen has only just been announced and details of the policy are yet to emerge, companies are already making plans for it.
BUSINESS
India’s $2-billion green hydrogen mission needs push from government: Industry
National Green Hydrogen Mission scheme guidelines and implementation details yet to be detailed
BUSINESS
NuPower Renewables: What’s up with this company at the centre of Kochhar-Dhoot loan scam?
The company is operational, but could fold up any time. Its liquidity position is precarious. CareEdge Ratings has given a ‘D’ rating to its long-term bank facilities, indicating it is in default or is expected to be in default soon.
BUSINESS
IDPL sale profitable, Hyderabad metro will break even by FY25: L&T development projects head
Dip Kishore Sen expects public capex to be hiked to Rs 10 lakh crore in the upcoming budget, and feels the Centre should incentivise the states and private sector to participate in infra projects
BUSINESS
We have significant dry powder left for more acquisitions after L&T IDPL buy: Edelweiss Alternatives infra funds head
No negative list for investments within infrastructure space other than other coal-fired and gas-fired projects, says Subahoo Chordia.
BUSINESS
Better times ahead for steel, JSW Group to continue expansion: Group CFO
Timelines for plans to take JSW Infrastructure and JSW Cement public are not yet decided.
BUSINESS
RBI’s inflation projection pegs Indian crude oil basket at $100/barrel signaling limited upside expectation
The MPC said that the inflation trajectory going ahead would be shaped by both global and domestic factors.
BUSINESS
MC Explains: Kirit Parikh committee recommended full deregulation of gas prices from January 2027. Here’s all you need to know.
The government-appointed panel, which submitted its report on Wednesday, November 30, has recommended a floor price and a cap for gas from legacy and old fields.
BUSINESS
InBadShape | India needs a national registry and agency to monitor infrastructure, fix accountability: Vinayak Chatterjee
Among the key reasons for our crumbling, collapsing infra are contractors cutting corners, and totally gaming the monitoring system by having the test engineers in their pockets
BUSINESS
Kirit Parikh Committee report on gas prices likely by tomorrow. What are the key expectations?
The draft recommendation will be discussed by members of the committee and finalized on November 29.
BUSINESS
West coast 60 mtpa-mega refinery to be set up in Maharashtra's Ratnagiri
Maharashtra Industries Minister Uday Samant said that the government has so far acquired 2,900 acres of the total 6,200 acres required for the mega refinery-cum-petrochemicals complex project which was first announced in 2015.
BUSINESS
Divestments likely in 12-24 months, in talks with govt for extension of imported coal price pass-through: Tata Power CEO
Praveer Sinha says India may slip a little in meeting renewable energy targets for 2030, but directionally will move ahead despite the delay.
BUSINESS
Energy security, despondency on global warming targets in focus at COP27: ReNew Power head Sumant Sinha
India is doing a lot for clean energy but needs to turbocharge the sector, says Sumant Sinha
BUSINESS
Lower taxes, levies on oil and gas sector can unlock substantial investment: Cairn Oil & Gas CEO Prachur Sah
The company plans to invest $5 billion by FY26, of which $3 billion would be in the Rajasthan block, said Prachur Sah
BUSINESS
Parth Jindal joins JSW Energy board as company focuses on clean energy
The son of Sajjan Jindal joins the board soon after the company said it will acquire 1,753 MW of Mytrah Energy’s renewable energy portfolio for an enterprise value of Rs 10,530 crore. The acquisition will fast-track JSW Energy’s aim to have 10 GW of capacity by FY25.
BUSINESS
Rajasthan block to get major share of Cairn Oil & Gas $5 billion investment by FY26: Deputy CEO
The Rajasthan block, which has had 38 discoveries so far, has an exploration potential resource of 1.3 billion barrels of oil equivalent
