'India should take up defence manufacturing in a more serious manner and encourage greater private participation.'
Govt has already approached World Bank seeking termination of contract. The progress of the project was just 20 per cent though the contract was awarded in 2016.
The demand for black oils and specialty products like fuel oil, bitumen, petcoke and sulphur has also shown marked improvement, facilitating increase of refineries throughput.
LIC, EPFO and PSBs are likely to be asked to subscribe to bonds.
Freight earnings too saw a decline of Rs 8,284 crore to Rs 13,412 crore in the first two months of FY21, compared to Rs 21,696 crore during the same period last year.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Several on-site labourers in the city want to take special trains being run to transport workers back home. The rising number of COVID-19 cases in the city has caused anxiety among them.
Of the 171 Mumbai scribes tested on April 15, 53 tested positive on April 20. Of the 53 tested positive, 31 were treated and discharged on April 26. A large number of positive cases and later a quick recovery within less than a week have baffled many. Amritha Pillay reports.
RIL's debt stood at Rs 3.06 trillion as of December 2019, against Rs 2.87 trillion in March 2019.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Retailers and multiplex operators want mall owners to either forgo rent for the period of the shutdown or lower rent in the event the mall is open but footfalls are low.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
In India, 39 per cent of the sample of a survey said 'very comfortable' for a woman heading the government, higher than 34 per cent who replied with 'very comfortable' for a woman heading a company. However, men are less accepting of such appointments.
From Dwight D Eisenhower to Bill Clinton, many American presidents have made sure they're photographed against the backdrop of the Taj. And, now the monument is ready to impress Trump for that family frame. Well, almost ready, reports Shreya Jai.
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
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