New Delhi, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited.Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts (MW)."Pursuant to share purchase agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited [...]
New Delhi, Mar 11 (PTI) Finance Minister Nirmala Sitharaman on Friday invited Canadian pension funds to invest in the National Monetization Pipeline and National Infrastructure Pipeline. The finance minister exchanged views on cooperation for promoting bilateral investment and trade during a meeting with Mary Ng, Canadian Minister of International Trade, Export, Small Business & Economic [...]
New Delhi, Mar 11 (PTI) Offices of the income tax department across the country will remain open on all Saturdays this month after Union Finance Minister Nirmala Sitharaman directed them to do so in order to resolve taxpayers' issues and grievances, a senior official said on Friday. Sitharaman early this week rapped the policy-making boards [...]
New Delhi, Mar 11 (PTI) State-owned Indian Bank on Friday said it has declared NPA account Topsgrup Services as fraud for diversion of funds worth Rs 34.08 crore. The non-performing asset (NPA) Topsgrup Services and Solutions Ltd has been declared as fraud and reported to the RBI as per regulatory requirement, Indian Bank said in [...]
New Delhi, Mar 11 (PTI) The government has earmarked Rs 500 crore for a scheme to provide support to the existing pharma clusters and MSMEs across the country to improve their productivity and sustainability, an official release said on Friday.The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, released the guidelines for the scheme -- [...]
Mumbai, Mar 11 (PTI) Amid a massive spike in crude oil prices following Russia's invasion of Ukraine, Reserve Bank Deputy Governor Michael Patra on Friday said the government can slash duties on crude and thus prevent the pass-through effect on inflation and sustain the economic recovery as "our growth story remains as weak as it [...]
New Delhi, Mar 11 (PTI) The government in 2021 eased 79 "burdensome" compliances of the power sector under the EoDB-RCB programme, which were affecting individual consumers and industry, an official statement said Friday.Ease of Doing Business-Reducing Compliance Burden (EoDB-RCB) is a programme of the government to reduce the regulatory compliance burden on citizens and businesses.It [...]
New Delhi, Mar 11 (PTI) The CBI on Friday opposed before a Delhi Court the bail application by Anand Subramanian in National Stock Exchange (NSE) co-location scam case, saying that the former group operating officer (GOO) influenced the decision making of former managing director and chief executive officer Chitra Ramakrishna.CBI counsel said that Subramanian, who [...]
New Delhi, Mar 11 (PTI) Consumers can now get the purity of their un-hallmarked gold jewellery tested at assaying facilities recognised by the Bureau of Indian Standard (BIS)."The charges for testing of gold jewellery upto 4 articles is Rs 200. For 5 or more articles, the charges are Rs 45 per article," an official statement [...]
ICICI Bank on Friday said it has raised Rs 8,000 crore by issuing debt securities on a private placement basis. The board of directors of the bank on April 24, 2021, had approved fund raising through issuance of debt securities. Pursuant to this, the bank has allotted 80,000 senior unsecured redeemable long-term bonds in the [...]
