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Rail Vikas Nigam Limited Wins Big Contract from South Eastern Railway New Delhi [India], June 22: Public sector enterprise, the Rail Vikas Nigam Limited (RVNL), has won a contract worth Rs 191.53 crore from the South Eastern Railway. The contract involves the design, supply, installation, testing, and commissioning of a 132 KV traction substation and…
India’s Gold Market Update: Festival Surge, Price Trends, and RBI’s Record Holdings The World Gold Council has shared the latest news about India’s gold market. After a big rush during the Akshaya Tritiya festival in May, gold demand has slowed down. However, the market is still strong with rising prices and active investors. Gold Prices…
India’s Oil and Gas Sector: Growth in Production but Challenges in Profits New Delhi, June 22 – India’s oil and gas industry is set for a mixed performance in the fiscal year 2024 (FY24). While profits from refining and selling oil products might drop, the production side is expected to grow strongly, according to Fitch…
IREDA Raises Rs 1,500 Crore to Boost India’s Green Energy Projects The Indian Renewable Energy Development Agency (IREDA) has successfully raised Rs 1,500 crore through a bond issuance. The bond issuance included a base issue of Rs 500 crore and a Green shoe option of Rs 1,000 crore, and it was oversubscribed by 2.65 times….
ONGC and Indian Oil Team Up to Build LNG Plant in Madhya Pradesh State-run Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL) have formalized a partnership to set up a state-of-the-art small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin, Madhya Pradesh. Transforming Energy Dynamics…
New Telecommunications Act 2023: Government Can Control Telecom Services in Emergencies The central government of India will have the authority to take control of any telecommunications services or networks during emergencies starting June 26, 2023, under the new Telecommunications Act 2023. This Act was partially notified on June 22 and includes provisions from sections 1,…
Nirmala Sitharaman Leads Pre-Budget Meeting and GST Council Session Union Finance Minister Nirmala Sitharaman chaired a pre-budget meeting on Saturday morning with Finance Ministers from all States and Union Territories. The meeting, organized by the Ministry of Finance and Corporate Affairs, aimed to gather suggestions for the upcoming Union Budget 2024-25. Key participants included Uttar…
Finance Minister Nirmala Sitharaman Discusses Budget with MSME Representatives On June 21, Finance Minister Nirmala Sitharaman chaired the fifth Pre-Budget Consultation in New Delhi. The meeting aimed to gather important inputs from the Micro, Small, and Medium Enterprises (MSME) sector for the upcoming General Budget 2024-25. Key Discussions Sandeep Jain, representing the Federation of Indian…
G Kishan Reddy Ensures Singareni Collieries Will Stay Public, Launches New Coal Block Auctions Union Minister for Coal and Mines, G Kishan Reddy, has confirmed that the Singareni Collieries Company Limited (SCCL) will remain a public sector undertaking (PSU). Addressing concerns about potential privatization, Reddy emphasized the government’s commitment to keeping SCCL public. He stated,…
Adani Group Plans $100 Billion Investment in Green Energy and Digital Projects The Adani Group, a major Indian conglomerate, has announced plans to invest $100 billion over the next decade. This investment will focus on energy transition projects and digital infrastructure to support the group’s growth. Strong Financial Performance In a recent investors’ meeting, the…