Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
Thackeray held a meeting on the issue and instructed authorities concerned to ensure there is no recurrence of the episode, an official statement said.
A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
Adani Power expects to reduce its annual interest cost to Rs 1,900 crore, from the current Rs 3,800 crore through low cost funding.
Prime Minister Narendra Modi does not respect farmers and wants to tire out those protesting against the Centre's new agriculture laws, Congress leader Rahul Gandhi alleged.
The state has more power than it needs, a profit-making distribution set-up and separate lines for domestic and farm users.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
India has expressed concern that foreign fighters involved in the conflict in Syria have moved to other places as mercenaries, as New Delhi underlined that it is ready to play a constructive role in the Security Council to help realise the objective of the West Asian country reclaiming its place in the comity of nations.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
Each of the larger states may need less than Rs 10,000 crore each to finance the exercise.
The scheme, which was earlier implemented by the coal companies, has been extended for the current fiscal also.
The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange
He added that the PM has asked to extend all help to eastern states to make them self-reliant in the power sector
Those for power sector to see tussle between prior owners & new challengers
LIC, EPFO and PSBs are likely to be asked to subscribe to bonds.
About $400 billion of investment may be required in the Indian power sector in the next five years to provide improved grid infrastructure.
The cut-off date the RBI chose was March 1, 2018. This meant that by the end of August if these accounts were not resolved, then they would have to proceed through insolvency.
Stating that the government had done a lot of 'introspection' into what was ailing the power sector, the Shinde said many corrective steps were taken to put things back on track.
The manufacturing sector, which constitutes 77.63 per cent of the IIP, contracted by 0.4 per cent in March as compared to 5.7 per cent expansion in the year-ago month.
The sources said questioning revolved around accounts of IDS Tunisia and remittances received by it.
In the 12th five year plan, the total T&D expenditure is projected to be around $88 billion.
The scheme was kicked off in July last year by Prime Minister Modi as part of power sector reforms in rural areas
Factory output as measured in terms of IIP had grown by 7.3 per cent in December 2017.
The top court granted two weeks to the Centre and RBI to file the affidavit and place before it the decisions taken in this regard.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
The need of the hour is to strike a balance between the capability of the conventional and the prospect of the renewable to give a realistic shape to the Prime Minister's vision, says Rajiv Mishra.
'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.'
In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018.
Speaking to reporters after pre-Budget consultation with Finance Minister Pranab Mukherjee, the SBI chief said the bank has an exposure of about Rs 32,000 crore (Rs 320 billion) in the power sector.
IIP down due to poor show by manufacturing, mining and power sectors
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
Adani Power bagged Jitpur mine in Jharkhand.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
MEIL has become one of the fastest growing and most successful infrastructure and engineering, procurement, and construction companies in the country in recent times.
India Inc's investment project announcement falls to Rs 11.3 trillion. In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC.
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