Category: Corporate

A Paddle Steamer built in 1944 in UK’s Dumbarton Shipyard, named ‘P S Bhopal‘ of length of about 63m and breadth of 9.2m was being used as a training vessel by Syama Prasad Mookerjee Port, Kolkata (erstwhile Kolkata Port Trust) at No.22 KPD. With the completion of the lease agreement with the Training Institute in the year 2019, SMP Kolkata wanted to refurbish this vessel which has a heritage value and open it to Public, said Shri Vinit Kumar, Chairman, SMP Kolkata. Accordingly, SMP Kolkata went for a long term…

On occasion of World Biofuels Day (10th Aug), India’s Hon. Prime Minister Narendra Modi unveiled the first of its kind & Asia’s first 2G Ethanol Bio-Refinery of Indian Oil Corporation Limited (IOCL) at Panipat Haryana. Praj is technology licensor and EPCM partner for this landmark project. This project is based on Praj’s proprietary technology processing Rice Straw as feedstock for production of Ethanol. While dedicating the 2G Ethanol Bio-Refinery to the nation, PM Modi said,” Biofuel for us means green fuel, environment-saving fuel. With establishment of this modern plant, farmers of Haryana, where Rice and…

A high powered meeting was held between Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal and the Union Minister of Railways, Communications and Electronics & Information Technology, Shri Ashwini Vaishnaw in presence of the Union Minister of Health & Family Welfare and Chemicals & Fertiliser, Shri  Mansukh Mandaviya at New Delhi today. The  meeting was held to deliberate and facilitate an eco system for Container production under Make In India programme. In a move to make India ‘Atmanirbhar’ in its requirement for containers, the high-powered meeting deliberated…

Steel Authority of India Limited (SAIL) posted its financial performance for the first quarter of the current financial year 2022-23 (Q1 FY 23). The company saw a growth of 16.4% in its revenue from operations in Q1 FY23 over corresponding period last year. SAIL also recorded the best ever Q1 production. Performance of Q1 FY 23 at a glance:   Unit Q1 22-23 Q1 21-22 Crude Steel Production Million Tonne 4.33 3.77 Sales Volume Million Tonne 3.15 3.33 Revenue from Operations Rs. Crore 24029 20642 Earnings Before Interest, Tax, Depreciation…

Industries Minister of Odisha Pratap Keshari Deb has informed that out of the 286 expression of intent proposals generated through the two Make In Odisha (MIO) programmes held in 2016 and 2018, a total of 164 proposals have been cleared through single window clearance. The Minister said, in a written reply to a question by Congress MLA from Jeypore, Tara Prasad Bahinipati that out of the aforementioned 164 proposals 16 large projects have been established and are partially and fully operational. The Minister added that as close to Rs 5674.56…

After a report said that Indian cab aggregator Ola is in talks with American ride-hailing firm Uber for a possible merger, Ola CEO Bhavish Aggarwal called it “absolute rubbish”. “We’re very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge,” said Aggarwal. Expert says, the concept is truly applicable for OLA also, if there’s no smoke without fire or where there’s smoke there’s fire, However, Bhavish said, “If some other companies want to exit their business…

The MSME department of the UP government has signed an MoU with the Koo app to support the ‘One District, One Product’ initiative. To give a boost to the ‘One District, One Product‘ (ODOP) — the ambitious scheme of Uttar Pradesh Chief Minister Yogi Adityanath — the state’s Micro, Small and Medium Enterprises and Export Promotion Department, on Wednesday, signed a Memorandum of Understanding (MoU) with Koo App. On the occasion, Navneet Sehgal, Additional Chief Secretary, MSME and Export Promotion, Uttar Pradesh said, “Association with Koo is aimed at promoting…

A top official said on Friday that the government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up. Last fiscal (2020-21), about 5.89 crore ITRs (Income Tax Returns) were filed by the extended due date of December 31, 2021. Over the last two financial years, the government had…

On Tuesday, when the rupee breached the 80 mark to a dollar for the first time, SBI Chairman Dinesh Kumar Khara said that an artificial intervention does not have a long-term impact and it doesn’t work. Khara said, “I think that it (intervention by the central bank) really doesn’t work…. Artificial intervention does not really have any long-term impact, it can only have a temporary impact.” He, however, added that India should instead focus on balance of trade. “As compared to that, I would say that, if at all the balance of…

The Indian currency is under pressure since the start of this year in view of the Russia-Ukraine war, and high crude oil prices, among other issues he Indian rupee slumped 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday. The impact? The import of items such as crude oil to electronic goods will get expensive, moreover, overseas education and foreign travel will also get costlier. This could worsen the inflation situation in the country. The Indian currency is under pressure since the start…