Gail India subsidiary Mahanagar Gas (MGL) on Friday announced a steep reduction in the retail price of compressed natural gas (CNG) by Rs 8/kg and domestic PNG (piped natural gas) by Rs 5/SCM across its licenced area. The move comes on the heels of the Centre revising the pricing methodology of domestically-produced natural gas on Thursday as proposed by the Kirit Parikh committee and following it with the new price announcement earlier in the day. In February, the city gas distributor reduced its CNG price by Rs 2.5/kg but prices are still around 80 per cent more than those in April last.
In a statement, he said that the government has left most of the print, electronic, and digital media to self-regulation.
Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said. The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.
Had he not taken his final curtain call on April 23, 1992, Satyajit Ray would still, undoubtedly, have been making movies.
The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.
A far cry from his playing-to-the-gallery comedian, Kapil Sharma emerges as a heartfelt picture of aspiration and annoyance, feels Sukanya Verma.
Appearing before cheering fans at the star-studded opening ceremony of the Kolkata International Film Festival in Kolkata on Thursday, Shah Rukh Khan and Amitabh Bachchan spoke of staying positive and alive, and on the new crop of historical films being steeped in 'fictionalised jingoism'.
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies.
The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. Piped cooking gas in Delhi will now cost Rs 50.59 per standard cubic meter, as against Rs 47.96 previously, according to Indraprastha Gas Ltd - the firm that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining towns. The increase is to "partially offset the increase in input gas cost," IGL said in a tweet.
Posters asking non-Hindus to stay away from the ghats of the Ganga and the temples along the river came up in Varanasi, prompting the police to launch a probe.
The Centre is considering relaxing some norms that led to the failure in attracting bids for assets of Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) as they look to restart the auction for their non-core assets. The Department of Investment and Public Asset Management (DIPAM) had listed six properties of BSNL and MTNL for sale through its new e-bidding portal, developed by state-run MSTC, but the auction failed to garner an adequate interest. DIPAM had asked government-appointed property consultants to identify issues in the bidding criteria for resolution.
A man had allegedly fired two shots in the air on February 1 at Shaheen Bagh area in Delhi's Jamia Nagar, where an anti-CAA protest was on. He was taken into custody soon after he opened fire in the air, eyewitnesses had said.
The central government has mandated all ministries, public departments and public sector units to use the telecom services of State-run Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL).
Ross and Rachel end their super long break. Kate Winslet solves Easttown's grimmest mystery. Huma Qureshi gets political in Bihar. All this and more on OTT this week notes Sukanya Verma.
Many residents complained of suspected gas leak from Chembur, Ghatkopar, Powai and Vikhroli areas late on Saturday night, an official of the BMC's disaster management cell said.
Home minister heads several groups of ministers, including the one to decide the revival package for Bharat Sanchar Nigam and Mahanagar Telephone Nigam. His ministry also takes decisive calls on national security in relation to telecom operations as well as equipment and technology used in the industry.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
BSNL will start providing telecom services, both wireless and fixed line, in Mumbai and Delhi on behalf of MTNL from January 1 on a pilot basis for five to six months.
'The announcement has come too late. This should have been done years ago.'
Mobile operators with the exception of Reliance Jio are in a much worse financial condition than expected earlier. The combined borrowing of the four incumbent operators - Bharti Airtel, Vodafone Idea, Bharat Sanchar Nigam (BSNL), and Mahanagar Telephone Nigam (MTNL) - reached an all-time high of Rs 3.85 trillion at the end of March this year. The companies' combined debt was up 22.4 per cent year-on-year last financial year against 8.3 per cent growth in their borrowing in the previous year. As a result, the incumbent operators' debt-equity ratio shot up to an unsustainably high level of 6.83X at the end of March this year from 2.3X at the end of March 2020. This was largely due to big losses reported by all these companies last financial year. The four incumbent operators racked up combined net losses of Rs 70,000 crore in FY21.
The Brihanmumbai Municipal Corporation said late Thursday that the odour was reported from Powai, Chembur, Mankhurd, Govandi, Chandivali, Andheri and Ghatkopar areas.
DoT is even considering measures to urge private telecom operators to bring down their dependence on Chinese-made telecom equipment.
Raja Sen lists movies that would work wonders for any generation lucky enough to see them on the big screen.
Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies
Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos' employee strength by half.
Unlike other top police officers, A A Khan spoke boldly --- be it while defending 'encounters' in many of which he was involved, or in tracing the cause of the ghastly Radhabai Chawl incident, recalls Jyoti Punwani. Encounters were useful, he said, because hardened criminals who were targeted were beyond reform and no good for society.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
Stocks of government probables for divestment or stake sale such as Steel Authority of India (SAIL), Mahanagar Telephone Nigam (MTNL), National Aluminium Company (Nalco) and Container Corporation (Concor) have outperformed the markets in the past one year.
If Netflix and the film's producers thought they would bring younger audiences to the master's works, many who might have aversion to decades-old black and white films, they have failed with the experiment, says Aseem Chhabra.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The administration introduced these "stricter restrictions" in the district, which reported more than 8,000 COVID-19 cases in the past two consecutive days.
Yoga guru Ramdev was on Saturday booked by Uttar Pradesh police for his controversial remarks targeting Rahul Gandhi that drew flak from various quarters with Congress demanding that he give a public apology as he had insulted Dalits.
This was a rare instance when Gandhi raised an issue during the Zero Hour.
Bhumi Pednekar and Konkona Sen Sharma's ode to sisterhood, Robert Pattinson's amusing accent, Satyajit Ray's many masterpieces, Steven Soderbergh's breakout indie, Mark Ruffalo's good fight -- all this and more on Sukanya Verma's recommendation list on OTT this week.
Mahanagar Telephone Nigam Ltd has bagged three licences for offering fixed, GSM-based mobile and international long distance services in Mauritius.
Since UK referendum outcome to exit European Union last Friday, 32 companies have hit record highs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company, which has a subscriber base of 120 million, also plans to raise funds via a bonds issue. The company's impending 4G launch is also expected in the second half of the current financial year for which it would invest Rs 12,000 crore, partly through bonds.
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