(ET) Diesel prices across the four metro cities declined for the fourth straight day, with prices falling by 8 to 9 paise on Sunday, data on the Indian Oil Corp website showed. Petrol prices, however were unchanged during the day, according to the data. In the national capital, diesel was priced at Rs 66.14, down from Rs 66.22 per litre on Saturday. In Kolkata, diesel was sold for Rs 67.92, against the previous level of Rs 68 per litre. Price of the fuel in Mumbai and Chennai declined by 9 paise to Rs 69.27 and Rs 69.88 on Sunday, from the previous levels…
Author: Aruna Sharma
(AU) जम्मू-कश्मीर के पुलवामा जिले के लस्सीपोरा इलाके में सोमवार को आतंकवादियों और सुरक्षाबलों के बीच मुठभेड़ हुई। सुरक्षाबलों ने मुठभेड़ के दौरान चार आतंकी ढेर कर दिए हैं। समाचार एजेंसी एएनआई के मुताबिक, सुरक्षाबलों ने इलाके को सील कर दिया है। सुरक्षाबलों को खुफिया सूत्रों से जानकारी मिली थी कि, एक घर में कुछ आतंकी छिपे हैं। इसके बाद उन्होंने इलाके को घेर लिया। आतंकियों ने खुद को घिरा देख सुरक्षाबलों पर फायरिंग की। सुरक्षाबलों ने भी मुंहतोड़ जवाब दिया। अभी तक मारे गए आतंकियों की पहचान नहीं हो सकी है। उनके पास से दो एके राइफल, एक एसएलआर और एक पिस्टल बरामद…
(ET) State-run construction major NBCC is open to acquiring more distressed assets in the real estate sector, provided there are no corporate governance issues, chairman Anoop Kumar Mittal has said. NBCC has already bid for Jaypee Infratech, which is being resolved through the corporate insolvency process. “There are a few other projects where we have been approached. We are examining the commercial viability but we won’t take up projects where there are corporate governance issues,” Mittal said, refusing to name the projects the firm is interested in. NBCC has been directed by the Supreme Court to complete the stalled projects of Amrapali Group on the project management consultancy (PMC) model.…
(PTI) State-owned Power Finance Corporation (PFC) completed acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government and is hopeful of merger of the two firms in 2019-20. The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. “We are hopeful about merger of the two firms (PFC and REC) during 2019-20. We have to get directionfrom the government in this regard and then we would appoint consultant for the purpose,” PFC Chairman and Managing Director Rajeev Sharma told reporters in a press conference…
(AU) ब्रिटेन की अदालतों में भारतीय भगोड़े कारोबारियों के प्रत्यर्पण संबंधी मामलों की सुनवाई को लेकर अगले कुछ दिन काफी अहम साबित होने वाले हैं। हीरा कारोबारी नीरव मोदी की दूसरी जमानत याचिका पर शुक्रवार को वेस्टमिंस्टर मजिस्ट्रेट कोर्ट में सुनवाई होगी। साथ ही शराब व्यापारी विजय माल्या के खुद के प्रत्यर्पण को हाईकोर्ट में चुनौती देने वाली अपील भी जज के फैसले के लिए आगे बढ़ाई गई है। ब्रिटिश न्यायपालिका के एक प्रवक्ता ने माल्या के आवेदन पर कहा कि सभी दस्तावेज प्राप्त हो गए हैं और अब इस मामले की सुनवाई के लिए एकल जज की नियुक्ति का…
(ET) The government has transferred Rs 5,940 crore as the first instalment of Rs 2,000 each to 29.7 million small and marginal farmers across the country, which is set to fuel the rural economy during the poll season. Over one-third of the beneficiaries – 11.1 million farmers – were in Uttar Pradesh. “States had sent data of 47.6 million farmers before the code of conduct was enforced. Out of that, we expect to transfer money to 40 million farmers during the election phase. The remaining 7.6 million farmers have been ruled out due to data discrepancies,” a senior agriculture department official…
(ET) Full storage tanks of liquified natural gas (LNG) in India have prompted GAIL India to sell a U.S. cargo bound for the Asia nation to northwest Europe, industry sources said. The sale of a cargo already on the water is the latest example of an oversupplied LNG market that has resulted in Asian spot LNG prices falling to an almost three-year low of around $4.30 per million British thermal units (mmBtu) this week. It also signals that India’s LNG demand, considered substantial compared to northeast Asia, is weaker than expected.Europe has become a top destination this year for cargoes that cannot find a home…
(PTI) Five state-owned banks, including PNB, Bank of Baroda and Union Bank, received shareholders’ approval for capital infusion to the tune of Rs 21,428 crore in lieu of preferential allotment of shares to the government. This capital infusion is for the current fiscal ending March 31, 2019. Punjab National Bank (PNB) in a regulatory filing said that an extraordinary general meeting of shareholders was held on March 28 for obtaining shareholders’ approval to issue and allot 80,20,63,535 equity shares at a premium of Rs 71.66 per share amounting up to Rs 5,908 crore on preferential basis to the government. Bank of Baroda…
(FE) The government may not pay around Rs 32,000 crore of kerosene and LPG subsidy dues for FY19 before March end, in a bid to meet the revised fiscal targets. The total bill for LPG subsidy under direct benefit transfer and kerosene for the current financial year has come to Rs 36,500 crore. Of this, Rs 4,000 crore is on account of kerosene and the rest Rs 32,500 crore is due to LPG. After adding the carried forward amount from last year, the total subsidy demand for the current year comes to around Rs 48,500 crore. However, the petroleum ministry has received…
(ET) Indian Oil, Hindustan Petroleum, Bharat Petroleum, and GAIL have exceeded their capital expenditure targets for the current fiscal, having spent heavily on refinery upgrades, pipelines, and marketing infrastructure. The combined capex target set for all staterun oil producers, refiners and marketers for 2018-19 is Rs 89,335 crore, of which they have collectively spent Rs 82,711 crore, or about 93%, in the 11 months through February. Explorer Oil and Natural Gas Corp, which typically has much higher spending budget every year than the refiners, has spent about 80% of its annual target of Rs 32,000 crore. Its overseas arm, ONGC Videsh,…