State-owned power giant NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects. "Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, [...]
A Delhi court on Thursday dismissed the bail applications of the National Stock Exchange’s (NSE) former boss Chitra Ramkrishna and group operating officer Anand Subramanian in the co-location case. Denying the relief, Special Judge Sanjeev Aggarwal said there was no sufficient ground to grant them bail. The court reserved its order after hearing arguments from [...]
Pune, Maharashtra, India – Business Wire India Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology today unveiled the conclusion of 7,200 sqm expansion in its factory in Chakan, Maharashtra. The state-of-the-art factory now houses a total floor space of 11,700 sqm. and supports the MR Radio Frequency Coil, Mobile Surgery Systems, [...]
Doorstep diesel services startup Humsafar India on Thursday said it plans to expand its services to 200 more cities in the country during this fiscal year in a bid to capture higher market share in the segment. The company also said it is looking to venture into e-mobile vehicle charging stations business and is negotiating [...]
The demand environment for technology "continues to be robust" despite the challenges seen over the last two years, and global clients have a razor-sharp focus on accelerating digital transformation with efficiency, HCL Technologies Chairperson Roshni Nadar Malhotra said on Thursday. North Asia, Central America, Eastern Europe and Africa are newer geographies for the company, she [...]
JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of around Rs 1,300 crore. The fully-mechanised terminal at Paradip Port has an annual handling capacity of 30 million tonnes. Built as a cape compliant terminal, it can handle capesize vessels once the dredging at the [...]
Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in the company. The [...]
Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year. To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling [...]
Power Finance Corporation Chairman Ravinder Singh Dhillon has been given an additional charge of Chairman and Managing Director (CMD) of REC for three months. The development follows the elevation of S K G Rahate to the post of Secretary, Ministry of Power. "Government of India vide order dated May 10, 2022 has communicated that Ravinder [...]
Hitachi Energy India Ltd on Wednesday said it has inaugurated a transformer component manufacturing factory in Vadodara, Gujarat. Located at the company's largest plant in the country, this factory will produce dry bushings using the most reliable technology called 'resin-impregnated paper', Hitachi Energy India said in a statement. This will be the country's first facility [...]
