Shri R. Kesavan has taken over as Director – Finance of HPCL effective September 5, 2019. He is also the Chief Financial Officer (CFO) of the Corporation. Prior to his appointment as Director – Finance, Shri Kesavan was Executive Director – Corporate Finance of HPCL for over 4 years. He is a fellow member of the Institute of Chartered Accountants of India (ICAI). Shri Kesavan brings rich experience of over 3 decades in handling various areas on Finance covering Corporate Accounts, Audit, Treasury Management, Risk Management, Budgeting, Pricing, Corporate Strategy & Margin Management, Heads of Commercial in various Marketing SBUs…
Author: Aruna Sharma
(PTI) In a setback to former Union minister P Chidambaram, the Supreme Court on Thursday refused to grant him pre-arrest bail in the INX Media money laundering case lodged by the Enforcement Directorate. The top court dismissed Chidambaram’s plea challenging the Delhi High Court verdict denying him anticipatory bail in the case, saying economic offence has to be dealt with differently as it affects economy of the country. A bench of Justices R Banumathi and A S Bopanna said it is not a fit case to grant anticipatory bail. Grant of anticipatory bail to Chidambaram at this stage will hamper…
(ET) The Centre is learnt to be working on a slew of proposals for J&K in consultation with the state administration. Under discussion is a Rs 1,000-crore PM’s package for education and employment of J&K youth in collaboration with Dell, Intel, Amazon web services and others. Winter internship for students at IITs, creation of sport and fitness infrastructure, provision for mobile theatres that can travel to villages and industrialisation and start up plans are alsobeing discussed, said officials. Last week, the Centre had directed ministries to come up with proposals for J&K and conduct ground visits for latest assessments in consultation…
(PTI) ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has sought yet another two-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea. Officials said OVL has applied for a sixth extension to explore Block-128, the licence for which was valid till June 15, 2019. While India wants to maintain its strategic interest in the South China Sea, Vietnam wants an Indian firm to counter China’s interventions in the contested waters.The officials said OVL had in May applied to the Vietnamese authorities for the sixth extension of the exploration…
(ET) Industry body Indian Sugar Mills Association (ISMA) has welcomed central government’s decision today to increase ethanol prices for 2019-20. Avinash Verma, director general, Indian Sugar Mills Association (ISMA) said, “Government’s decision to increase ethanol price once again, with special emphasis and a higher increase for ethanol made from B-heavy molasses, confirms the Government’s commitment towards encouraging more diversion of the surplus sugarcane/sugar into ethanol.The second very important decision of allowing a single premium price for the ethanol made from partial or 100% sugarcane juice is another big and positive step in this direction. These decisions will help in further increasing…
(FE) Reliance Power has entered into a joint venture with power utility JERA of Japan to set up a 750 MW gas-based power project (Phase-1) at Meghna Ghat in Bangladesh. Reliance Power will hold 51% stake while JERA will hold 49% stake in the joint venture. The agreement includes the power purchase agreement (PPA) and land lease agreement with the Bangladesh government for the power project, gas supply agreement with Titas Gas, a subsidiary of Petro Bangla, and implementation agreement with the Bangladesh’s ministry of power, energy and mineral resources. The project will be set up within 36 months of…
(AU) कांग्रेस महासचिव और पूर्वी उत्तर प्रदेश कांग्रेस की प्रभारी प्रियंका गांधी वाड्रा को पार्टी नई जिम्मेदारी दे सकती है। सूत्रों के अनुसार, पार्टी के केंद्रीय नेतृत्व ने तय किया है कि प्रियंका को उत्तर प्रदेश कांग्रेस का प्रभार दे दिया जाए। अब वो प्रदेश के पूर्वी हिस्से की प्रभारी हैं और पश्चिमी हिस्सा ज्योतिरादित्य के जिम्मे है। लोकसभा चुनाव में पार्टी को मिली करारी शिकस्त के बाद से अब तक लगातार कांग्रेस में आत्ममंथन का दौर चल रहा है। राहुल गांधी ने चुनाव नतीजों के बाद पार्टी अध्यक्ष पद से त्यागपत्र दे दिया था। इसके बाद से पार्टी के…
(ET) Jharkhand Chief Minister Raghubar Das inaugurated Pradhan Mantri Ujjwala Yojna (PMUY) here. “I thank all the officials involved in implementing the scheme and making it possible for the people. From the time I have taken over as the chief minister, Jharkhand is doing well in all the sectors. The strength of this country is in women and they run the house with their strong capabilities and values,” Chief Minister said while addressing the people. Talking about the implementation of Ujjwala Yojana he said, “I request all the panchayats to implement the scheme properly and not a single village should be…
(AU) प्रधानमंत्री नरेंद्र मोदी ईस्टर्न इकोनॉमिक फोरम की बैठक में भाग लेने के लिए रूस पहुंच चुके हैं। वह भारतीय समयानुसार बुधवार तड़के रूस पहुंचे। प्रधानमंत्री नरेंद्र मोदी का व्लादिवोस्तोक अंतरराष्ट्रीय हवाई अड्डे पर जोरदार स्वागत किया गया। यहां उन्हें गार्ड ऑफ ऑनर दिया गया। इसके बाद मोदी व्लादिवोस्तोक के सुदूर पूर्वी संघीय विश्वविद्यालय (FEFU) पहुंचे, जहां भारतीय प्रवासियों ने शानदार स्वागत किया। प्रधानमंत्री रूस की दो दिवसीय यात्रा पर हैं। वह चार और पांच सितंबर की दो दिवसीय यात्रा के दौरान रूसी राष्ट्रपति व्लादिमीर पुतिन के साथ क्षेत्रीय एवं अंतरराष्ट्रीय मसलों पर बातचीत करेंगे। यह बैठक रूस के व्लादिवोस्तोक में हो रही है। मोदी भारत-रूस के 20वें…
(TH) The Appointments Committee of Cabinet (ACC) has approved a proposal to appoint Sushil Chandra Mishra as the Chairman and Managing Director of Oil India Ltd. The proposal was moved by the Ministry of Petroleum and Natural Gas and Mishra is currently an Executive Director at OIL. Mishra will take charge on October 1, 2019 and will hold his post till June 30, 2022. In another approval, Alok Kumar Gupta, an Executive Director at ONGC, has been appointed to the post of Director (Operations) at ONGC Videsh, the overseas investment arm of the oil and gas major. He has also been…