The power sector has been supplied more coal than the committed quantity and all-possible measures are being taken to augment the production of dry fuel in the next season also, a top official said on Thursday. Speaking with reporters here, Coal Secretary Amrit Lal Meena said that the coal ministry has plans to supply more [...]
Food regulator FSSAI for the first time has come out with comprehensive standards for the identification of basmati rice as part of efforts to ensure fair trade practices and check adulteration. Basmati rice should have a natural fragrance characteristics of basmati rice and there should be no artificial colouring, polishing agents and artificial fragrances. These [...]
The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital's lenders and administrator to file a response by January 16 on Torrent Investments' plea to halt their plans to hold a fresh auction for better realisation. Torrent Investments -- one of the bidders for the Anil Ambani-promoted Reliance Capital -- has offered Rs [...]
Capital markets regulator Sebi has slapped penalties totalling Rs 15 lakh on three entities and also barred them from the securities markets for one year for flouting insider trading rules with respect to the shares of Veeram Securities Ltd (VSL). The regulator has imposed a fine of Rs 5 lakh each on entities -- Rakshit [...]
The government's proposed policy to re-power old windmills can attract investments worth over Rs 40,000 crore, including the cost of acquiring and dismantling old plants, over the next three to five years, says a report. The wind power capacity has been stalling since 2018 when solar power took off at a faster pace and between [...]
Infosys on Thursday posted a 13.4 per cent year-on-year increase in consolidated net profit at ₹ 6,586 crore for the December quarter as against ₹ 5809 crores (after minority interest) in the corresponding quarter last year. The Bengaluru-based IT firm logged a 20 per cent year-on-year increase in consolidated revenue in the third quarter of [...]
India's imports of vegetable oils, comprising edible and non-edible oils, rose 28 per cent to 15.66 lakh tonnes in December, driven by higher shipments of refined palmolein and crude palm oil. In a statement, the Solvent Extractors' Association of India (SEA) said the import of vegetable oils during December 2022 stood at 15,66,129 tonnes compared [...]
Capital markets regulator Sebi on Thursday allowed stock exchanges to launch multiple contracts in the same commodity in a bid to encourage broader participation of investors in commodity derivatives market. This would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. The move came after the [...]
India can become the number one automotive manufacturing hub in the world within five years, but auto companies need to enhance safety features to reduce deaths due to road accidents, Union Minister Nitin Gadkari said on Thursday. In his inaugural address at the Auto Expo 2023 here, the minister for road transport and highways asserted [...]
Gujarat's Bharatiya Janata Party government on Thursday announced a new policy which seeks to regularise unauthorised constructions inside industrial estates controlled by the Gujarat Industrial Development Corporation (GIDC). This new policy will cover nearly 70,000 industrial units currently functioning in 220 GIDC estates. Any unauthorised construction done by the owners of Micro, Small and Medium [...]
