The Allahabad High Court today issued a temporary injunction against a circular issued by the RBI, which gave borrowers 180 days’ time to clear their dues, beyond which the borrowers faced insolvency proceedings under the IBC.
The Ahmedabad Bench of the National Company Lay Tribunal (NCLT) on Thursday said the second round of bidding for bankrupt Essar Steel held on 2 April is invalid and directed the resolution professionals and the committee of creditors (CoC) to reconsider the first round of bids and reconsider offers from ArcelorMittal and Numetal.
Yamaha Motor India Group, a wholly-owned subsidiary of Japan’s Yamaha Motor Co, plans to increase its total rooftop solar capacity to 3,500KW by the end of this year, even as it installed a 1,100KW rooftop solar power plant at its manufacturing facility in Chennai.
Core sector industrial production in India grew at 5.3 per cent in February, helped by a robust performance of refinery products, fertiliser and cement segments.
India is looking at all possible ways of peaceful utilisation of atomic energy and has diversified the use of nuclear technology across various fields, including electricity generation, agriculture and health sectors.
Wind power tariff dropped to an all time low of Rs2.43 per unit kilowatt hour in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) on Thursday, giving a further boost to the government’s clean energy initiatives.
A new train, which is being locally manufactured, will be the fastest train in India, with an average speed of 160 km per hour, and set for launch in December next year.
Adani Transmission, the power sector arm of Infrastructure major Adani Group, is in talks with Reliance Infrastructure for acquiring the latter’s power distribution business in Mumbai, which is estimated to be worth Rs13,000-14,000 crore.
Prime Minister Narendra Modi on Monday constituted an Economic Advisory Council, nearly three years after the economic think tank NITI Aayog he set up only helped to bring in reforms without growth.
The ministry of new and renewable energy has redefined quality norms for photovoltaic (PV) cells and panels in order to contain cheap products from hampering the National Solar Mission.