ONGC investing Rs 83,000 cr in 25 projects

ONGC investing Rs 83,000 cr in 25 projects

Friday, 16 August 2019 | PTI | New Delhi

Energy major Oil and Natural Gas Corp (ONGC) is investing around Rs 83,000 crore in 25 major projects to boost oil and gas production, which has stagnated over last years, its chairman and managing director Shashi Shanker said on Thursday. Addressing ONGC employees on the 73rd Independence Day, he said: “15...

Exports up 2.25% in July

Exports up 2.25% in July

Thursday, 15 August 2019 | PTI | New Delhi

India’s exports growth turned positive in July, spurting 2.25 per cent, while trade deficit narrowed to a four-month low of $13.43 billion, government data showed on Wednesday. Exports increased to $ 26.33 billion in July as against $25.75 billion in the same month last year. Decline in overall imports, including oil and...

udChalo partners with Oyo and Fab Hotels

Thursday, 15 August 2019 | PNS | New delhi

udChalo, a UpCurve Business Services Private Limited, an Air Travel Online portal for Defence personnel has  tied up with OYO and FabHotels to bring the hospitality service offerings on its platform for customers in the Armed Forces with an array of additional services to choose from. udChalo through its new...

WPI inflation in July slips to 25-month low of 1.08% on cheaper food items, fuel

Thursday, 15 August 2019 | PTI | New Delhi

Wholesale price-based inflation declined for the third consecutive month to a 25-month low of 1.08 per cent in July, mainly on account of subdued prices of food items, fuel and manufactured products, government data showed on Wednesday. The wholesale price index (WPI)-based inflation was at 2.02 per cent in June this...

Govt-constituted panel suggests green channel CCI approval for deals under insolvency law

Thursday, 15 August 2019 | PTI | New Delhi

Suggesting substantial changes to competition regulatory framework, a Government-constituted high level panel has recommended a green channel for automatic approval of certain combinations, including those under the insolvency law, by the Competition Commission. Under the Competition Act, combinations (mergers and acquisitions) beyond a certain threshold require clearance from the Competition Commission...

Report: 55 of 169 domestic arms of IL&FS self-sustainable

Thursday, 15 August 2019 | PTI | Mumbai

Of the 169 domestic subsidiaries of the bankrupt IL&FS Group, the resolution professional has classified 55 as green in its fifth progress report submitted to the NCLT as none of them had any defaults/pending overdues, or any issues with cash-flow from its operations. These 169 entities have been classified into three...

More forced lending to NBFCs can land banks in trouble:Fitch

Thursday, 15 August 2019 | PTI | Mumbai

The recent steps by the Reserve Bank to encourage banks to increase lending to non-banking finance companies and retail borrowers are likely to rise risks for the sector, warns a report. Earlier this month, the central bank announced three major steps to encourage banks to lend more to liquidity starved NBFCs...

Wockhardt Q1 net loss narrows to Rs 44.98 cr

Thursday, 15 August 2019 | PTI | New Delhi

Pharma major Wockhardt on Wednesday reported narrowing of consolidated net loss to Rs 44.98 crore for the June quarter. The company had posted a consolidated net loss of Rs 86.18 crore in the year-ago period, Wockhardt said in a regulatory filing. Consolidated revenue from operations was lower at Rs 863.11 crore...

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