Category: Corporate

In the latest city gas bidding round, Megha (MEIL) won the maximum of 15 licences to retail CNG to automobiles and piped cooking gas to households, while a joint venture of billionaire Gautam Adani’s gas arm and France’s Total got 14 licences. Indian Oil Corporation (IOC) stands to get nine licences and Bharat Petroleum Corporation Ltd (BPCL) six. While Assam Gas Company is winning three licences, Dinesh Engineers Ltd is set to bag licences for four geographical areas (GAs). Furthermore, Hindustan Petroleum Corporation Ltd (HPCL), GAIL Gas Ltd, Think Gas…

The prices of petrol and diesel were kept unchanged across the country on Saturday, January 15, 2022. Check the latest city-wise rates here. There has been no change in prices of petrol and diesel on Saturday, January 15, 2022. Notably, the state-run oil marketing companies (OMCs) have kept fuel rates stable across the domestic market for over two and a half months. Petrol and diesel prices across key cities were last revised in November last year when the central and state governments slashed duties on fuels, providing relief to consumers…

Larsen & Toubro (L&T) said that it has bagged a third order for the Mumbai Ahmedabad High Speed Rail (popularly referred to as the bullet train project) from the National High Speed Rail Corporation Ltd. Without disclosing the exact size of the order, the company said that it was “significant” and in the range of Rs 1,000-2,500 crore. At 10:45 IST, shares of L&T were trading at 1922.95 on BSE, up almost 1% from the previous close. The project, called ‘MAHSR-C-5’, entails design and construction of civil and building works…

A total of 115 companies have filed their application under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India which was notified on 23rd September 2021. The scheme was open for receiving applications till 23:59:59 hours IST on 9th January 2022. Incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1st April 2022 onwards for a period of 5 consecutive years. The Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry…

The country’s foreign exchange reserves declined by $1.466 billion to $633.614 billion during the week ended December 31, 2021, as per the RBI data . Notably, It touched a life-time high of USD 642.453 billion in the week ended September 3, 2021.Forex reserves include foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF. FCA declined by USD 1.48 billion to USD 569.889 billion in the reporting week, the RBI data showed. At the same time, Gold reserves rose by USD 14 million to USD 39.405…

Two malls in Delhi- Select City Walk and DLF Mall in Saket have become the city’s first fully vaccinated markets. All the shop owners and employees working here are fully vaccinated. Two prominent malls at Saket in South Delhi, Select City Walk and DLF Mall in Saket have been declared Delhi’s first fully vaccinated markets in the city. The district administration has declared that all the shop owners and staff are completely vaccinated in these markets. The authorities in the national capital are trying their best to vaccinate all the employees in…

The Heavy Civil Infrastructure business of L&T construction has won a prestigious order from Delhi Metro Rail Corporation Limited (DMRC), for the design and construction of the Underground Metro Project of Phase-1 of Patna MRTS. The major scope of work for the project comprises design & construction of Twin Tunnel by Shield TBM of approximately 6 Km, Tunnel by Cut & Cover, an Underground (UG) Ramp at Rajendra Nagar and six UG Metro Stations viz, Rajendra Nagar, Moin Ul Haq Stadium, University, PMCH, Gandhi Maidan and Akashvani along with other…

Aimed at ensuring a committed supply of raw materials, India is working on acquiring mines of strategic minerals such as lithium and cobalt from countries like Australia, Argentina, Bolivia and Chile. The move, giving further fillip to Atmanirbhar Bharat is especially directed for the renewable energy (RE), e-mobility sectors, medicine, aerospace, aviation among others. The Mines Ministry has created a joint venture (JV) company — Khanij Bidesh India (KABIL) — with participating interest from National Aluminium Company (NALCO), Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL), with an equity participation…

Union minister Piyush Goyal on Monday announced that India has achieved the highest ever exports of $37 billion in December 2021, indicating a 37% jump from December 2020. The commerce and industry ministry said that India is well on its way to achieving an export target of $400 billion, while also saying that the top 10 major commodity groups constituting 80% of exports have grown by 41% over last December. “It is a time for all Indians to feel proud that PM Narendra Modi ji’s clarion call to make exports…

There has been no change in the prices of petrol and diesel in the Indian cities on Monday, January 3, 2022. Check the latest city-wise rates here. There has been no change in the price of petrol and diesel even today, i.e. on January 3, 2022. For a long time, oil companies have kept the prices of petrol and diesel stable. The excise duty on petrol and diesel was cut by the central government during Diwali, after which the oil companies have not increased the prices till now. In the…