MENU 
Coal India Ltd (CIL) has lined up massive plans to ramp up its mining capacity, while also roping in the private players in a big way as mine development operators (MDOs). The state-run miner, which reported elevated capex consistently over the last several years, will keep the pace in...
Disbursements by power-focused infrastructure companies are expected to surpass Rs 2.9 trillion in 2023-24 (April-March), aided by substantial capital expenditure in the power sector and improving balance sheets, CareEdge Ratings said in a report. Disbursements were at Rs 2 trillion in 2022-23. This growth in disbursements is likely to...
NEW DELHI: The country’s power consumption dipped 2.3 per cent to 119.07 Billion Units (BU) in December, marking its first monthly decline in eight months due to lower demand for heating equipment, especially in the north, on account of mild winter, according to government data. Earlier in April 2023,...
NEW DELHI: India’s top oil and gas producer ONGC is seeking global technology partners to cut gas flaring and achieve zero methane emission by 2030 as part of its ambitious decarbonisation plan, its chairman Arun Kumar Singh said on Monday. Oil and Natural Gas Corporation (ONGC) has substantially cut...
NEW DELHI: The share of the private sector in new investment projects rose amid a slowing pace of government investments in the December quarter. But the value of new investment projects declined sharply by 78% on year to Rupees 2.1 trillion. The Centre front-loaded its budget capex in the...
NEW DELHI: In order to give a push to the economy, the government has relaxed norms governing public expenditure exceeding Rs 500 crore during the fourth quarter (January-March) of the current financial year. Instructions to this effect were issued by the finance ministry through an office memorandum last week....
NEW DELHI: The Centre’s dividend receipts from the Central Public Sector Enterprises (CPSEs) stood at Rs 43,843 crore as of January 1, crossing the 2023-24 budget estimate (BE) of Rs 43,000 crore, giving further comfort on the fiscal front. The dividend receipts of Rs 39,086 crore so far in...
NEW DELHI: The plans to increase buoyancy in tax collections, widening the tax base and increasing the compliance by taxpayers seem to have been aided by the new income tax (IT) regime in the current financial year. However, experts feel a few more tweaks in the tax rates in...
NEW DELHI: The audit and non-services offered by the Big Four network and other firms to their clients are under the lens of the National Financial Reporting Authority (NFRA), the regulator for listed and large unlisted companies in the country. The issue has been flagged in several of the...
NEW DELHI: The finance ministry on Friday exuded confidence that the economy will “comfortably achieve” a growth rate upwards of 6.5% in FY24, as it expected the robust economic activity being witnessed in the third quarter of FY24 to continue through the March quarter as well. In an economic...
NEW DELHI: Despite heavy odds and global crises, India showed remarkable resilience to keep inflation under control, Prime Minister Narendra Modi has said, exuding confidence that the BJP was a “natural choice” for the people and will form a majority government for a third time in a row in...
NEW DELHI: The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed. India’s core sector output growth hit a six-month low of 7.8% in November, easing...
MUMBAI: The pace of growth of bank credit to the industrial sector slowed down to 6.1 per cent in November from 13.0 per cent in the year-ago month. However, the growth in credit to industry on a year-to-date basis in November in the current financial year (FY24) was slightly...
NEW DELHI: Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October...
NEW DELHI: The global oil and gas industry is bracing for a year of significant changes in 2024, marked by a complex mix of supply concerns and economic pressures. In the past year, Brent crude, the international benchmark, experienced a notable decline from its summer highs. This trend was...
NEW DELHI: To achieve self-sufficiency in production of coal and reduce the dependence on imports, the coal ministry has drawn up a strategic plan to slash imports of the fuel from over 20% now to 11% by the end of FY26, coal secretary Amrit Lal Meena told FE. The...
NEW DELHI: India’s Mines Ministry has proposed a new set of rules for the auction of offshore mineral blocks. It is also in the process of identifying such mineral blocks, including those in exclusive economic zones beyond territorial waters. The draft rules, put up for public comments recently, has...
Backed by government spending on infrastructure, building, and construction, domestic steel demand is expected to remain strong in 2024. Realisations in the domestic market are expected to remain strong, even though imports could remain elevated. Eports will remain stretched across key markets, beyond Europe, in view of the global...