(ET) State-owned Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) have got two new directors on their respective boards to replace ones superannuating. ONGC in a statement said Rajesh Kumar Srivastava has taken over as the new director (exploration), replacing A K Dwivedi who superannuated last week. Separately, IOC said Sandeep Kumar Gupta has taken over as the director (finance) of the company. He replaces A K Sharma who retired from service in May. A postgraduate from Lucknow University with a Masters Degree in Engineering Geology from Indian Institute of Technology, Kanpur, Srivastava joined ONGC as a geologist in…
Author: Amit Bhanot
(ET) State-owned oil companies have issued letters of intent for more than 9,000 new petrol pumps as part of their biggest-ever expansion of fuel retail network. The companies are moving quickly to select dealers for new pumps that would help double their retail network in just a few years, serve customers better in less-penetrated micro markets and meet the growing challenge from the private sector. In November 2018, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd (HPCL) had launched the process to select petrol pump dealers at about 78,500 locations across the country. Companies received…
(Hindustan) वित्त मंत्री निर्मला सीतारमण ने सोमवार को सरकारी और निजी क्षेत्र के बैंक प्रमुखों के साथ बैठक की। वित्त मंत्रालय के मुताबिक, बैठक में बैंकों को रिजर्व बैंक द्वारा रेपो दर में कटौती के बराबर लाभ ग्राहकों को देने को कहा गया। बैंक ब्याज दर में इसके मुताबिक कमी पर विचार करने को राजी भी हो गए हैं। आरबीआई दिसंबर 2018 से ब्याज दर में 0.75 फीसदी की कटौती कर चुका है, लेकिन बैंकों ने महज 0.15 से 0.20 फीसदी की कटौती ही ब्याज दरों में कमी की है। रिजर्व बैंक सोमवार से शुरू मौद्रिक नीति में भी ब्याज…
(ET) The government on Monday said it has begun the process of auction of 27 coal mines and allotment of 15 blocks to public sector undertakings. “The Ministry of Coal has started the process of auction of 27 coal mines and allotment of 15 coal mines to central PSU and state PSUs (public sector undertakings),” the coal ministry said in a statement. According to the objective of auctioning of coal blocks, the government said it is auctioning 21 coal mines for end-use non-regulated sectors and six coking coal mines for end-use iron and steel sector, the ministry said. In case of…
Shri Dharmendra Pradhan launches Atal Community Innovation Centre; Urges for innovative mechanism to harness and support traditional knowledge in the country Minister of Petroleum and Natural Gas &Steel Shri Dharmendra Pradhan today launched Atal Community Innovation Centre (ACIC) in New Delhi, to encourage the spirit of innovation at the community level. This initiative aims to encourage the spirit of innovation through solution-driven design thinking to serve society. Speaking on the occasion, Mr Pradhan said, Atal Innovation Mission has a key role to perform in order to achieve the target of five trillion dollar economy by 2025. He urged the NITI…
(ET) State discoms buying from Tata Power’s 4,000-mw Mundra project are in agreement to the plant’s requirement of imported coal cost pass through but have not yet given their formal approvals. A top government official from one of the states said every state was waiting for other states to take the plunge. “There is some hope for the project now. At a recent meeting, we gauged that everyone is interested and exchanged notes,” he said on condition of anonymity. The required approvals have not come from four of the five consumer states of the project though it has been seven…
(Hindustan) देश के किसी भी हिस्से में फर्जी पते पर कंपनी बनाकर कारोबार करना अब आसान नहीं होगा। कंपनी के पंजीकृत पते की गहन जांच के बाद ऐसे मामलों में कड़ी कार्रवाई की जाएगी। जांच का अधिकार कंपनी रजिस्ट्रार के पास रहेगा। कंपनी संशोधन विधेयक-2019 में ये प्रावधान किए गए हैं। मंगलवार को राज्यसभा में यह विधेयक पारित हो गया। लोकसभा इसे पहले ही मंजूरी दे चुकी है। वित्त मंत्री निर्मला सीतारमण ने राज्यसभा में इस विधेयक पर चर्चा का जवाब देते हुए कहा कि नया कानून बनने के बाद कारोबार में सुगमता बढ़ेगी। मौजूदा व्यवस्था में पते के नाम…
(TH) The Rashtriya Ispat Nigam Limited (RINL), the corporate entity f the Visakhapatnam Steel Plant (VSP), has launched an initiative called ‘Project Parivartan’ with a view to enhancing the performance and efficiency of the organisation to bring about a change for continual and sustainable growth. The project is primarily a transformation initiative for the employees towards achieving a turnaround. The project is a 14-month transformation journey for achieving the desired objectives/results, based on four aspects – bottom-up planning, turnaround implementation, performance management and change management aiming at long-term sustainable improvement. A communication session was organised by the Corporate Strategic Management Department…
(APNNews) NITI Aayog’s flagship initiative, the Atal Innovation Mission (AIM) will launch a new programme for Community Innovation in New Delhi. It will be jointly inaugurated by Union Ministers Ramesh Pokhriyal Nishank and Dharmendra Pradhan. The new initiative aims to encourage the spirit of innovation in the country. Speaking about it, AIM Mission Director, R Ramanan, said, the purpose of the programme is to make innovation eco-system socially inclusive as well as to ensure equitable distribution of infrastructure for innovation across the country. He stressed that the new programme has been specifically designed for underserved, unserved regions of Tier 1, Tier…
(ET) Reliance Jio Info comm is getting ready to borrow about $1 billion to buy telecom equipment, start a range of financial services to complement what it already offers subscribers and unveil its home broadband pricing. The mobile phone operator plans to raise about $1 billion (Rs 6,871 crore) via offshore loans that will be guaranteed by the Korea Trade Insurance Corporation to fund purchases from South Korean companies, said three people with knowledge of the matter. Reliance Industries, Jio’s parent company that’s controlled by Mukesh Ambani, is set to provide details on the gamut of financial services at its upcoming…