Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to EverEnviro Resource Management (EverEnviro), an arm of the PE major Everstone Group, the companies said in separate statements. Though the value of the deal was not specifically disclosed, the crippled IL&FS -- which is under bankruptcy proceedings in NCLT -- said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group's environment businesses. IL&FS Environmental Infrastructure & Services (IEISL) is one of the leading integrated waste management companies that is into municipal solid waste management apart from presence across various segments including construction and demolition, collection and transportation and waste to energy and currently manages over 8,400 tonnes per day solid municipal waste.
The study showed that those who ate less salty food have as much as 25 per cent less chance of cardiac arrest or stroke, and consequently a 20 per cent lower risk of early death
The central bank will appear vacuous if it holds fire next week following its ultra hawkish guidance at the last monetary policy review.
'It's our duty to arrange food and other things for them. Some of them have diabetes and BP, that's why we arranged everything here'
Dietician Komal Jethmalani provides the right answer.
For the first time in the country, Tata BP Solar India Ltd, a joint venture of Tata Power and BP Solar, has installed and commissioned a megawatt-scale solar power plant under the rooftop and other small solar power generation plant scheme as part of Jawaharlal Nehru National Solar Mission (JNNSM).
Sodium is the most important parameter that people with hypertension should monitor.
The way the government treated miner Vedanta Resources' proposal to buy majority of UK's Cairn Energy in Cairn India and RIL selling 30 per cent of its stake in 23 properties, including the prolific KG-D6 gas block to BP, goes to the heart of the mistrust between India Inc and United Progressive Alliance-2 in 2011.
India's third biggest state-owned refiner Bharat Petroleum may invest in oil and gas blocks in South East Asia as it expands it production assets, especially in the view of soaring demand for fuel.
After agreeing to sell 30 per cent stake in the 23 blocks in India to BP, Mukesh Ambani is reportedly looking for buyers for its gas transportation and marketing company.
The KG-D6 fields, which began production in April 2009, hit a peak output of 69.43 mmscmd in March 2010 before water and sand ingress led to more than a third of the wells shutting down.
India is in favourable position to attract foreign firms planning to relocate their manufacturing bases due to trade tension between the US and China, says Nomura.
A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
Asked about the reason behind the appointments, Sinha said they will help meet the goal to develop NMML into a centre of research as envisioned by the present government.
Restructured debt from Indian power distributors lures investors
The rating affirmation reflected RIL's strong business profile - a large-scale refinery with a capacity of around 1.2 million barrels a day and dominant market position in petrochemicals.
Ambani played the role of a quintessential and successful Indian businessmen - confident, yet very meek.
BP will pay $7.2 billion for 30 per cent stake in exploration blocks.
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
The world's biggest filmmaker has offered his fleet of private submarines to BP (formerly British Petroleum), to assist the company in stopping the massive oil flow threatening the Gulf of Mexico, caused by its leaking oil rig, the Deepwater Horizon.
State-run gas firm Gas Authority of India Ltd has joined hands with Tata Power Co Ltd and British Petroleum to bid as a group for bankrupt US energy firm Enron Corp's Dabhol power plant and LNG import terminal in Maharashtra.
The CBI has alleged that Justice Shukla received illegal gratification from Justice (Retd) Quddusi and B P Yadav, chairman of Prasad Education Trust which runs a medical college in Lucknow, for getting a favourable order to prevent delisting from counselling sessions for admitting students in 2017.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
British scientists have identified the master gene, called E4bp4, that causes blood stem cells to turn into disease-fighting 'natural killer' (NK) immune cells.
Moody's said together, proceeds from these transactions will result in a $ 16 billion reduction in RIL's net debt.
Dietician Komal Jethmalani provides expert help.
The government on Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Do Uddhav Thackeray, Aditya Thackeray, Sanjay Raut, and Sharad Pawar want the deaths of the Bhima Koregaon accused to be associated with their regime? asks Jyoti Punwani.
The committee will also be suggesting measures for making the code acceptable to all the stakeholders so that a balance is struck between autonomy of National Sports Federations.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Indian Oil Corporation and ONGC Videsh Ltd have tied up with BP and Occidental, the global oil majors, to bid for oilfields in Kuwait.
Salil Verma shares the simple formula that worked for him.
Gas price hike seems to be a distant dream for Reliance Industries and its partners--Niko Resources and BP.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
Post-cessation, activities related to the safe shutdown of the field are underway.
Markram's good form augurs well for the Proteas
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