(PTI) Prime Minister Narendra Modi arrived at the Palam airport here, early Wednesday morning, after attending the plenary session of the 48th World Economic Forum (WEF) in Davos. Chairman of WEF, Klaus Schwab hosted the session, where Prime Minister Modi showcased ‘New India’ to the global chief executives. He also interacted with the International Business Council and top CEOs, both Indian and international, at a dinner hosted by him, where discussions took place on investment opportunities in India.
Author: Aruna Sharma
(PTI) State-owned Oil and Natural Gas Corp (ONGC) today said it has tied-up over Rs 18,000 crore loan from three banks to part finance its Rs 36,915 crore acquisition of Hindustan Petroleum Corp Ltd (HPCL). In a regulatory filing, ONGC said it had yesterday entered into loan agreements with Punjab National Bank, Bank of India and Axis Bank Ltd for the borrowing Rs 18,060 crore for the acquisition. ONGC said the loans are of one-year duration. The pact with PNB is for loan of up to Rs 10,600 crore and with Bank of India for another Rs 4,460 crore. With Axis Bank…
PM Shri Narendra Modi’s speech at World Economic Forum Plenary, Davos
(TNIE) The Supreme Court will on Tuesday continue hearing a slew of petitions challenging the constitutional validity of Aadhaar card. Earlier on January 18, the petitioners’ counsel pointed out three issues as the Aadhaar matter was being argued before five-judge Constitution bench of the Supreme Court. During the hearing, the petitioners’ counsel Shyam Divan raised three issues before the apex court that included-integrity of the process, the integrity of the information and pervasive violation of fundamental rights.’ The bench, headed by Chief Justice of India (CJI) Dipak Misra, was hearing a batch of petitions filed challenging the constitutional validity of the…
(AU) विश्व आर्थिक मंच की बैठक में हिस्सा लेने सोमवार को दावोस पहुंचे प्रधानमंत्री नरेंद्र मोदी ने अपने पहले आधिकारिक कार्यक्रम के तहत स्विट्जरलैंड के राष्ट्रपति एलेन बेरसेट से मुलाकात की। सूत्रों के अनुसार, ऐसा समझा जाता है कि द्विपक्षीय संबंधों के अलावा दोनों नेताओं के बीच कर सूचनाओं के स्वत: आदान-प्रदान की दिशा में हुई प्रगति पर भी चर्चा हुई। स्विट्जरलैंड की संसद ने इस संबंध में एक कानून भी पारित किया है। इसके तहत अगले साल से दोनों देशों के बैंक और वित्तीय संस्थान आदान-प्रदान के लिए डाटा जुटाना शुरू कर देंगे। विभिन्न बिजनेस एवं व्यापार मामलों के अलावा,…
(ET) Merging ONGC’s refining and petrochemicals units with HPCL was possible to consolidate such businesses under one roof but a call on this will have to be taken by the two companies, Oil Minister Dharmendra Pradhan has said. Following the ONGC’s agreement to acquire HPCL, the talks around regrouping of ONGC assets have become louder with executives of both companies seeing value in bringing all refining assets under HPCL. ONGC owns 71.63%, and HPCL 16.96% in MRPLBSE 2.49 %, which runs a 15 million tonne refinery and petrochemical unit in Karnataka. ONGC also owns another petrochemicals unit, OPAL, which can also…
(FE) Samajwadi Party president Akhilesh Yadav on Monday said he would like to contest 2019 Lok Sabha elections from Uttar Pradesh’s Kannauj constituency. Speaking to media persons in Lucknow’s Janeshwar Mishra park, Akhilesh said his father Mulayam Singh Yadav will contest from Mainpuri. Akhilesh Yadav’s announcement makes Samajwadi Party first to announce candidature for the elections scheduled to be held next year. The three other dominant parties – Bhartiya Janata Party, Bahujanjan Samaj Party, and the Congress – have made no announcements for the high decibel polls yet. This is also an indication towards Yadav’s advance preparations for polls after witnessing a nightmare during…
(Uttam Hindu) पानीपत रिफाइनरी के नाफ्था क्रेकर प्लांट में विस्फोट के कारण दो श्रमिकों के मारे जाने की खबर है। हालांकि प्लांट के सूत्रों ने अभी तक एक ही श्रमिक के मारे जाने की पुष्टि है है जबकि दूसरे को लापता बताया जा रहा है। इस दुर्घटना में चार श्रमिकों के घायल होने की बात भी बताई जा रही है। पानीपत के रिफाइनरी में सोमवार की दोपहर अचानक विस्फोट हो गया और इससे प्लांट में आग लग गई। इसमें दो श्रमिकों के मौत होने की आशंका है लेकिन अभी तक एक के मौत की पुष्टि हो पायी है। चार घायल बताए जा रहे…
The Government of India is pleased to take note that the National Investment and Infrastructure Fund (NIIF) has made its First investment today. NIIF has partnered with DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India. The platform will invest in opportunities in the ports sector, and beyond sea ports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage. The first close of the NIIF Master Fund took place on October, 16, 2017 with contributions from a subsidiary of…
(Indian TV) In yet another industrial accident, an explosion was reported in a boiler of an oil refinery in Haryana’s Panipat on Monday. The blast has left at least two people dead while over six others suffered critical injuries and were immediately shifted to a local hospital. The police is conducting an investigation into the cause of the blast. Boiler blasts have become a common occurrence in the recent past, primarily due to lack of adherence to safety norms by operating companies. In December, a boiler blast at Sasa Musa sugar mill in Bihar’s Gopalganj claimed at least five lives, while several others were…