(ET) India’s gas imports are set to rise as GAIL (India) Ltd has reopened its western India imports facility after months of shutdown during the monsoon and as local demand has returned to pre-pandemic levels, its head of marketing said on Monday. GAIL had stopped importing liquefied natural gas (LNG) cargoes at its 5 million tonnes/year Ratnagiri terminal in western India in May, as the start of the monsoon season makes operations difficult without a breakwater to protect the harbour from large waves. “Now our imports will be normal as the shutdown is over,” E.S. Ranganathan told Reuters. GAIL on an average receive 5 LNG cargoes a month at the terminal…
Author: Aruna Sharma
(MC) Oil prices fell 3 percent on Friday after US President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatens to overwhelm the market’s weak recovery.Benchmark Brent and US crude were both headed for a second straight week of losses. The uncertainty surrounding the US president’s health added to a series of jitters, including a lackluster US unemployment report and increased supply from major world oil producers. “It’s been a rough week – and now the president’s diagnosis sends a shudder through markets,” said John Kilduff, partner at Again Capital in New York.…
(PTI) The government’s collection of Goods and Services Tax (GST) climbed to ₹ 95,480 crore in September, in signs of economic revival and return of demand due to lifting of COVID-19-related restrictions. That marked the highest level of GST collection in a month since the beginning of the lockdown to curb the spread of GST. The latest reading was 4 per cent higher compared to the corresponding month last year, and nearly three-times the mop-up in April 2020. Gross GST revenue collected in September 2020 stood at ₹ 95,480 crore, the Finance Ministry in a statement. That included collection of ₹ 17,741 crore under Central GST, ₹ 23,131 crore under…
(Hindustan) रालोसपा प्रमुख उपेंद्र कुशवाहा द्वारा बसपा संग मिलकर बनाए गए मोर्चे में सीट बंटवारे पर आपसी सहमति बन गई है। बसपा बिहार में करीब 90 सीटों पर चुनाव लड़ेगी। बाकी की 153 सीटें रालोसपा को दी जा रही हैं। इसमें उसे जनवादी पार्टी सोशलिस्ट के अलावा इस गठबंधन में शामिल अन्य दलों को भी समायोजित करना होगा। अभी गठबंधन में कई अन्य छोटे दलों के भी शामिल होने की संभावना है। सूत्रों का कहना है कि ओवैशी की पार्टी से भी बातचीत चल रही है। अपने नए गठबंधन को रालोसपा व बसपा ने कुछ नाम भले न दिया हो…
(MC) Reliance Industries Ltd (RIL) is set to raise Rs 7,350 crore from two investors — Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in the group’s retail arm. Through two separate deals, Reliance Industries will sell 1.63 percent stake in Reliance Retail Ventures Limited (RRVL). GIC will invest Rs 5,512.5 crore for 1.22 percent share in RRVL, while TPG will invest Rs 1,837.5 crore to buy 0.41 percent stake in the retail arm. The investments value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. In less than three…
(PTI) India’s COVID-19 death toll crossed one lakh and the infection tally climbed to 64,73,544, while the number of people who have recuperated from the disease crossed 54 lakh pushing the recovery rate to 83.84 per cent, the Union Health Ministry said on Saturday. The total coronavirus cases mounted to 64,73,544 with 79,476 new infections being reported in a day, while the death toll climbed to 1,00,842 with the virus claiming 1,069 lives in a span of 24 hours, data updated at 8 am showed. The total recoveries have surged to 54,27,706, while there are 9,44,996 active cases of coronavirus infection…
(AU) प्रधानमंत्री नरेंद्र मोदी ने अटल टनल रोहतांग का उद्घाटन कर दिया है। बीआरओ के महानिदेशक लेफ्टिनेंट जनरल हरपाल सिंह ने पीएम मोदी को टनल के बारे में जानकारी दी। यह 10040 फीट ऊंचाई पर बनी दुनिया की सबसे लगी सुरंग है। रोहतांग टनल से लोग मनाली से केलांग मात्र डेढ़ घंटे में पहुंच सकेंगे। इसके बाद पीएम मोदी की सिस्सू में रैली होगी। टनल शुरू होने से अब लाहौल के लोग सर्दियों में बर्फबारी के चलते छह माह तक शेष दुनिया से नहीं कटेंगे। सेना इस मार्ग से चीन से सटी सीमा लद्दाख और पाकिस्तान से सटे कारगिल तक आसानी से पहुंच…
(PTI) No steel company has shown interest in bidding for four coking coal blocks of 38 mines put on auction for commercial mining as they have concern about fuel quality and high capital cost, officials said on Friday. Of the four blocks with coking coal, a key raw material for manufacturing of the metal, two received bids from companies which do not make steel, they said. “Steel companies did not show interest in bidding for the coking coal blocks as the quality of the fuel from these mines is not very good and capital expenditure for mining is high. “Availability of capex (capital expenditure) funds is also limited during the…
(PTI) Chief Minister Naveen Patnaik on Friday inaugurated three power transmission units in Odisha’s Kalahandi district which will enable the local people to get power directly from Indravati Hydro Electric Project after about 20 years of its commissioning. Patnaik launched the three projects, a 220/132/ 33 KV grid substation at Baner and two 33-KV feeder lines from the grid to Badkutru and Ladugaon villages, through video conference. The local people will get electricity directly from the Indravati project after its operation about 20 years ago. Around 121 villages of Jaipatna, Koksara and Kalampur blocks of Kalahandi will get direct power supply from Indravati project which will benefit 30,000…
(LiveMint) The government has for the fourth time extended the deadline for bidding for privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by one and a half months to November 16. While the Cabinet, in November last year, had approved the sale of the government’s entire 52.98% stake in BPCL, offers seeking expression of interest (EoI) or bids showing interest in buying its stake were invited only on March 7. Initially, the EoI submission deadline was May 2, but it was first was extended up to June 13, then to July 31 and later to September 30. “In view…