(ET) India’s Oil and Natural Gas Corp plans to buy out the rest of a western Indian petrochemical project it does not already own and launch a public offering if it fails to find a strategic partner for it, its head of finance said on Tuesday. ONGC Petro additions (OPaL), majority-owned by ONGC, is primarily a polymer manufacturer, a chemical compound used in everything from textiles to plastics and packaging. “We are looking at various options. Our first preference is to convert OPaL into a subsidiary by converting share warrants and debenture into equity if we don’t get a strategic partner,” Subhash Kumar, ONGC’s…
Author: Aruna Sharma
(LiveMint) Businesses are likely to get extra time for filing their Goods and Services Tax (GST) annual return and audit report for FY19, the first full year of the indirect tax reform. Federal indirect tax body, the GST Council, is likely to extend the due date from 31, December to enable businesses to comply as companies are currently busy with meeting the deadline for FY18, the first year of GST roll out, said a person privy to discussions in the Council. Businesses have time till 30 November to file the annual return and audit report for the July-April period of FY18, for which they were given…
(AU) प्रदेश में बिजली की नई दरें बृहस्पतिवार से लागू हो जाएंगी। राज्य विद्युत नियामक आयोग ने सभी श्रेणी के उपभोक्ताओं की बिजली दरों में औसतन 12 फीसदी तक इजाफा किया है। शहरी घरेलू उपभोक्ताओं को अब फिक्स चार्ज के रूप में 10 रुपये प्रति किलोवाट के साथ ही बिजली के लिए 50-60 पैसे प्रति यूनिट ज्यादा भुगतान करना पड़ेगा। अनमीटर्ड ग्रामीण घरेलू उपभोक्ताओं की दरों में 25 फीसदी की वृद्धि की गई है। किसानों, कॉमर्शियल व औद्योगिक उपभोक्ताओं की जेब पर भी बोझ बढ़ जाएगा। अलबत्ता 4.28 फीसदी रेगुलेटरी सरचार्ज खत्म होने से थोड़ी राहत मिलेगी। राज्य विद्युत नियामक आयोग…
(PTI) The Oil and Natural Gas Corporation (ONGC) on Wednesday announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years. The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state.This investment is being made for drilling more than 220 oil and gas wells across the state, it said. “ONGC is giving impetus to its activities in alignment with the prime minister’s call for reducing import by 10 per cent by…
(AT) भारत और चीनी सेना एक बार फिर लद्दाख में आमने-सामने आ गए हैं. दरअसल, बुधवार को पैंगॉन्ग झील के उत्तरी किनारे पर दोनों सेनाओं के जवानों के बीच नोकझोंक हुई. हालांकि, इसके बाद दोनों पक्षों के बीच प्रतिनिधिमंडल स्तर की वार्ता हुई. इस वार्ता के बाद हालात सामान्य हो गई है. न्यूज एजेंसी एएनआई के मुताबिक, बुधवार को भारतीय सेना के जवान पैंगॉन्ग झील के उत्तरी किनारे पर पेट्रोलिंग कर रहे थे. इस दौरान उनका सामना चीन के पीपुल्स लिबरेशन आर्मी के जवानों से हुआ. चीनी सेना, भारतीय जवानों की मौजूदगी का विरोध कर रहे थे. इस दौरान दोनों…
(ET) The Centre has no objection on states bringing down penalties for traffic violation under the new Motor Vehicles Act, Union Minister of Road Transport and Highway Nitin Gadkari said. Gadkari said that states are free to make changes in penalties given the subject is the concurrent list. This comes as several states have objected to implementing the new Motor Vehicles Act in totality, which led penalties for traffic violations increase manifold from September 1. The Gujarat state government has slashed the new fines by up to 90%, citing humanitarian grounds. Tamil Nadu government has also decided to bring down penalties under…
(FE) Terming the current economic slowdown a temporary phenomenon, Union minister for law and justice, communication and information technology Ravi Shankar Prasad on Wednesday claimed that all parameters of the Indian economy are strong and would grow further. The GDP growth rate remained healthy right from 2013-14 and never went below 6%, though in the first quarter of current fiscal it was 5.1% due to global factors, said Prasad during a press conference on ‘100 days of bold initiatives and decisive actions’ of the Modi 2.0 government. “Inflation rate is 3.1%, coupled with as low as 3.4% of fiscal deficit. Foreign…
(AU) प्रधानमंत्री नरेंद्र मोदी आज झारखंड जाएंगे और चुनावी अभियान का शंखनाद करेंगे। झारखंड यात्रा के दौरान नवनिर्मित विधानसभा भवन का उद्घाटन करने के साथ पूरे देश को तीन बड़ी योजनाओं की सौगात देंगे। प्रधानमंत्री मोदी रांची के प्रभाततारा मैदान में आयोजित समारोह में प्रधानमंत्री किसान मानधन योजना, खुदरा व्यापारिक एवं स्वरोजगार पेंशन योजना एवं एकलव्य मॉडल विद्यालय का शुभारंभ करेंगे। इसके साथ प्रधानमंत्री झारखंड विधानसभा के नए भवन एवं साहेबगंज में मल्टीमॉडल बंदरगाह का उद्घाटन करेंगे और 1238 करोड़ रुपये की लागत से बनने वाले झारखंड सचिवालय के नए भवन का शिलान्यास करेंगे।प्रधानमंत्री नरेन्द्र मोदी ने ही अप्रैल 2017 में साहिबगंज मल्टी-मॉडल टर्मिनल…
(FE) The country’s largest lender, State Bank of India (SBI), approved to divest at least 3.5% stake in SBI Life Insurance through the offer for sale (OFS) route. SBI Life in the notice to exchange said that SBI proposes to sell 3.5 crore shares in aggregate representing 3.50% of the total issued and paid-up equity share capital of the company. The floor price for the offer shall be Rs 770 per equity share and offers open on September 12. With this, the bank will raise around Rs 2,695 crore. On Wednesday stock of SBI Life closed at Rs 798.75 down…
In the quest to make India the Skill Capital of the World, Dr. Mahendra Nath Pandey, Union Minister for Skill Development and Entrepreneurship (MSDE), today laid the foundation stone of Indian Institute of Skills (IIS) at Mumbai to provide skill training in highly specialized areas to students who want to pursue technical education after completing Class X and Class XII, making them employable and industry ready for the New India and the global market. The vision behind setting up IIS was to build world-class skill training centres in line with reputed educational institutes like Indian Institute of Technology (IIT) and…