The deal with regard to buying JSPL’s 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year, JSW Energy has said.
State-owned HPCL will invest Rs 61,000 crore over the next four years in expanding and upgrading its existing refining capacity to meet higher quality fuel norms, the company said in an investor presentation.
The Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system, Union Finance Minister Arun Jaitley said today.
The Competition Commission today ordered a fresh investigation against state-owned GAIL (India) for alleged abuse of dominant position with regard to supply of natural gas.
GVK Power & Infrastructure today exited the Bengaluru airport by selling its residual 10 per cent stake to Canadian NRI businessman Prem Watsa’s Fairfax India Holdings Corporation for Rs 1,290 crore.
In a significant IT initiative, the Railways today launched RailCloud – a virtual server with an inbuilt security system to optimise server usage and faster connectivity.
The government today gave green signal to Reliance Industries Ltd for expansion of its petrochemical complex in Gujarat, entailing investment of Rs 2,100 crore.
Union minister Dharmendra Pradhan today said the government is keen to promote green energy and it will intervene with the Goods and Services Tax (GST) Council to ensure that the GST rates on bio diesel and other green energy products are reduced.
The Supreme Court today declined a plea of power distribution companies seeking setting up of a constitution bench for hearing the issue of validity of an audit by the Comptroller and Auditor General (CAG).
While petroleum is yet to come under the GST, since the dynamic pricing regime came into effect pan-India from last month, petrol prices have fallen by over Rs 2 a litre till date and of diesel by more than Re 1.