(FE) In its maiden attempt to raise funds from overseas, National Highways Authority of India (NHAI) will raise Rs 5,000-10,000 crore via rupee-denominated (masala) bonds sold in offshore market in the current fiscal year. The funds will come “way cheaper” than its average cost of borrowing of 7.44% from the domestic market. an official said. The highway development authority, which conducted a roadshow in Singapore on Monday to woo investors to subscribe to the masala bond, has got tremendous response, including from the likes of GIC and Temasek, Rohit Kumar Singh, member (finance), NHAI, said. NHAI would also conduct roadshows…
Author: Aruna Sharma
(ET) Oil-to-telecom heavyweight Reliance Industries (RIL) on Monday reported 11.54 per cent year-on-year (YoY) jump in consolidated net profit at Rs 8,053 crore for the March quarter. The oil major had reported a net profit of Rs 7,220 crore in the March quarter of last year. Standalone profit came in at Rs 8,151 crore (up 12.78 per cent YoY), compared with ET Now poll of Rs 8,021 crore. This is the ninth quarter in a row when the company reported a rise in YoY profit growth. Gross refining margin (GRM) for the quarter came in at $11.5 per barrel, compared…
(FE) Finance Minister Arun Jaitley today said India will continue to grow at 7-8 per cent rate, an ‘absolute normal’ for the nation under the current global environment. Jaitley said as far as the economy is concerned, all the decisions taken by the Modi-Government are consistently in one direction. “The aspirational class in India has become very large and therefore, through the decision making of the government there is a popular support. Election results have indicated that. “Most important decisions as a result of this pressure of public opinion are also finally resulting in decisions with larger political support,” said…
(AU) छत्तीसगढ़ के नक्सल प्रभावित क्षेत्र सुकमा में सोमवार को हुई मुठभेड़ में 25 जवान शहीद हो गए। एक स्थानीय न्यूज चैनल के मुताबिक, सीआरपीएफ कमांडर समेत 7 जवान लापता है। हमले में 11 जवानों ने मौके पर ही दम तोड़ दिया था जबकि एक जवान की मौत अस्पताल ले जाते समय हुई। वहीं उपचार के दौरान 12 और जवानों ने दम तोड़ दिया। इस घटना के बाद से सरकार और सुरक्षाबल सकते में हैं। घटना को सीआरपीएफ के लिए झटके के तौर पर माना जा रहा है जो कुछ समय से लगातार नक्सलियों के खिलाफ सफल अभियान चलाए हुए…
(PTI) Stocks made a remarkable comeback today after the benchmark Sensex rebounded 291 points — its biggest single session gain in nearly 6 weeks — to close at 29,656 ahead of RIL earnings, with strong cues from the French presidential race guiding the way. The NSE Nifty too took back the 9,200 level. European markets rallied as investors gave a thumbs-up to the news that pro-EU centrist Emmanuel Macron is leading far- right candidate Marine Le Pen in the French presidential poll, which supported the recovery here.The 30-share Sensex stayed in the green throughout the session and shuttled between 29,681.33 and…
(ET) Sudan has denied India’s Oil and Natural Gas Corporation an extension of licence to operate an oil block after the initial contract expired in November 2016. ONGC Videsh, the overseas arm of the state-run firm, had a 25 per cent interest in the 2B block of Sudan and its share in the block’s output was 7,000-8,000 barrels a day. China National Petroleum Corporation and Malaysia’s Petronas are the other partners in the block. The process of surrendering the block is underway after the Sudan government gave a notice to that effect, a senior ONGC executive said. The notice to…
(LiveMint) BSE Sensex rose on Monday and the rupee strengthened as investors breathed a sigh of relief after the market’s favoured candidate, Emmanuel Macron, won the first round of the French presidential election. The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets, although in India gains were tempered as investors awaited a slew of quarterly earnings reports, including that of Reliance Industries Ltd due later in the day. “There’s a good chance in France for Macron to win, which is positive for global markets,” said Neeraj Dewan, director at Quantum Securities. Macron will now…
(PTI) Jammu and Kashmir Chief Minister Mehbooba Mufti today met Prime Minister Narendra Modi here and pressed for dialogue. Mehbooba, who is under mounting attack in the face of fresh spurt in violence in Kashmir, briefed Modi on the prevailing situation in the state and the way forward.She told the prime minister that the Centre should seriously think about the welfare of the state. “There is no option but to talk,” Mehbooba said. The PDP and the BJP, which are running the coalition government in the troubled state, are not on the same page on the issue of dealing with the growing…
(ET) Workers’s of Sri Lanka’s state-run petroleum firm are set to launch an indefinite strike from tomorrow against the government’s proposed deal with India to jointly operate an oil storage facility at the strategic eastern port town of Trincomalee. Ceylon Petroleum Corporation (CPC) Trade Union Collective workers have threatened to cripple entire transportation sector in the country. Lanka and India are expected to sign an agreement to jointly invest and develop the Trincomalee Port and establish a petroleum refinery and other industries there. The workers have three demands which include getting the government to stop granting outright ownership of some…
(ANI) A crucial Rashtriya Swayamsevak Sangh (RSS)-Bharatiya Janata Party (BJP)-Uttar Pradesh Government coordination meeting will take place here today. Uttar Pradesh Chief Minister Yogi Adityanath, Deputy Chief Minister Keshav Prasad Maurya and Dinesh Sharma, and BJP’s Uttar Pradesh in-charge Om Mathur and Sunil Bansal will attend the meeting. RSS’s Sahkaryavah Dattatreya Hosebole, along with two kshetra pracharaks, is also expected to be in attendance. This is the first such meeting after the formation of the BJP government in UP and is likely to be held at Adityanath’s residence.Topics likely to be discussed in the meeting are better synergy, role of…