IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which means it is ready to be sold off.
What it does: ZunRoof offers smart energy solutions for homes. It is the largest solar rooftop solutions provider for homes in India with real-time IOT powered solar monitoring through a mobile app.
It’s not all tailwinds and sunshine for the country’s renewable energy sector. It’s actually time to take stock of the various issues impeding the sector’s progress, say industry watchers.
A High Level Committee (HLC) has submitted recommendations to bring down India’s dependence on crude oil imports. “HLC clearly brought out the strategy to reduce the import dependency of the nation in the report.
Indian exports to Iran are likely to take a big hit over the next few months and may even come down to zero if the new government decides not to resume oil imports from the country in adherence with the US economic sanctions, say exporters.
Shares of oil marketers Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd fell between 2 per cent and 2.5 per cent. Oil prices rose for a fourth day, as rising tensions in the West Asia stoked fears of supply disruptions.
Transporting 23 million passengers daily in 65,000 carriages on 13,500 trains, Indian Railways encounters an enormous challenge in keeping its stations and trains clean and environment-friendly.
Engineers India Limited (EIL) has signed the Project Management Consultancy (PMC) Services Agreement for 1.5 MMTPA Crude Oil Refinery Plant in Mongolia. The agreement was signed with Mongol Refinery State Owned LLC on May 13, 2019.
Iran’s Foreign Minister Mohammad Javad Zarif met External Affairs Minister Sushma Swaraj on Tuesday in New Delhi to discuss bilateral issues, including the fallout of the US decision last month to discontinue the sanction waivers given to eight countries
Private firms are seeking changes to a Railway Ministry scheme introduced last year that allowed them to purchase general-purpose rakes for transporting commodities, which till then was the exclusive right of the Indian Railways (IR).