The ministries of coal and power have agreed to a slew of reforms suggested by the Cabinet Secretary PK Sinha-led panel, including allowing use of Coal India (CIL) contracts for short-term electricity trade, in a bid to resolve fuel stress at power plants.
The National Company Law Tribunal (NCLT) has allowed the former directors of the crippled IL&FS Group to withdraw Rs 2 lakh each per month from one of their bank accounts after intimating the the tribunal.
India’s richest person Mukesh Ambani Friday committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, that may range from energy and petrochemical to new technology and digital business.
Adani announces Rs 55,000 cr investment in Gujarat in next 5 years
Infrastructure Leasing & Financial Services Ltd (IL&FS) on Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19.
Billionaire Gautam Adani-led Adani Group Thursday announced a partnership with German chemical giant BASF for a Rs 16,000-crore factory that will mark its foray into the petrochemicals sector which is currently dominated by Mukesh Ambani-run Reliance Industries.
The Central Pollution Control Board has asked Reliance industries why a fine of Rs 1 crore should not be slapped on it and prosecution not initiated over non compliance of National Green Tribunal
Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the administrative control of the ministry of power has appointed Venkatesh Dwivedi as director (Projects) and S Gopal as director (Commercial).
Former directors of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS) have approached the National Company Law Tribunal (NCLT) to seek clarity over allowing them to operate their bank accounts.
SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. “State Bank of India (SBI) invites expression of interest (EoI) from banks/ARCs/NBFCs/FIs for the