Reliance Infrastructure announces FY18 total income of Rs. 28724 crores

Reliance Infrastructure announces FY18 total income of Rs. 28724 crores

Reliance Infrastructure Limited (RInfra) today announced its audited financial results for the quarter and year ended March 31, 2018. Following are the performance highlights: Consolidated results – Quarter ended March 31, 2018 – Q4 FY18 Total Income of Rs. 6,737 crore (US$ 1.0 billion) against Rs. 6,022 crore in Q4 FY17, an increase of 12% […]

HSBC Pulls The Plug On Coal

HSBC Pulls The Plug On Coal

HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling.

Fresh Bids Invited For ABG Shipyard Under Insolvency Law

Fresh Bids Invited For ABG Shipyard Under Insolvency Law

Fresh bids have been invited for debt-ridden ABG Shipyard under the insolvency law after lenders rejected an earlier resolution plan, according to a public notice. ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT. Expressions of Interest (EoIs) have been invited from potential bidders for […]

Dharmendra Pradhan Confident On Reducing Oil Import Dependency

Dharmendra Pradhan Confident On Reducing Oil Import Dependency

In an exclusive interview to TIMES NOW, Union Oil and Gas Minister Dharmendra Pradhan said the government is trying its best to reduce dependency on oil imports. Saying that everyone wants to join India’s growth story, Pradhan hinted that India is on the verge of striking deal with several oil-rich countries,

India’s ONGC Ordered To Pay Rm19.8m To Sime Darby, Swiber Over Claim Dispute

India’s ONGC Ordered To Pay Rm19.8m To Sime Darby, Swiber Over Claim Dispute

The Arbitral Tribunal has ordered India’s Oil and Natural Gas Corporation Ltd (ONGC) to pay US$5.13 million (RM19.8 million) to Sime Darby Bhd’s indirect wholly-owned subsidiary Sime Darby Engineering Sdn Bhd (SDE) and Swiber Offshore Construction Pte Ltd in relation to a dispute over a field development job in India.

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