PFC and REC reduce lending rates

PFC and REC reduce lending rates

🕔19:53, 31.Mar 2021

New Delhi, Mar 31  PFC and REC, Navratna CPSEs under Ministry of Power, are the prime financiers of Indian Power Sector capturing a significant market share in financing Indian Power Sector. PFC and REC as group companies have been aligning

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Cost of Domestic LPG  cylinder to reduce by Rs. 10/- cylinder effective 1st April 2021

Cost of Domestic LPG cylinder to reduce by Rs. 10/- cylinder effective 1st April 2021

🕔18:53, 31.Mar 2021

New Delhi, Mar 31  Prices of crude oil and petroleum products in the international market have been on a constant uptrend since November 2020. As India is largely import-dependent on crude oil and the prices are market-linked, the increase in

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India’s Apr-Feb fiscal deficit reaches 76% of revised estimate

India’s Apr-Feb fiscal deficit reaches 76% of revised estimate

🕔18:38, 31.Mar 2021

New Delhi, March 31 India’s budgetary fiscal deficit for the April-February 2020-21 period stood at Rs 14.05 lakh crore, or 76 per cent of the revised estimates (RE). The 2020-21 deficit — the difference between revenue and expenditure — had been

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Sterling & Wilson’s US arm bags Rs 890cr contract

Sterling & Wilson’s US arm bags Rs 890cr contract

🕔18:37, 31.Mar 2021

Mumbai, March 31  Sterling and Wilson Solar Solutions, Inc (SWSS), the US subsidiary of Sterling and Wilson Solar Ltd (SWSL) has announced that it has signed an order worth $121.7 million (Rs 890 crore) in the Pacific Northwest region of

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GE to provide maintenance services for 718-MW power plant in Bangladesh

GE to provide maintenance services for 718-MW power plant in Bangladesh

🕔18:36, 31.Mar 2021

Dhaka, March 31  GE on Wednesday announced that it will be providing maintenance services and a suite of digital solutions for the upcoming 718-megawatt (MW) combined cycle power plant at Meghnaghat, Narayanganj, Bangladesh owned by Reliance Bangladesh LNG & Power

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Huawei logs $136 bn sales in 2020 despite US sanctions

Huawei logs $136 bn sales in 2020 despite US sanctions

🕔18:34, 31.Mar 2021

Shenzhen (China), March 31  Despite operational difficulties brought about by US sanctions, Chinese conglomerate Huawei’s sales in 2020 reached 891.4 billion yuan ($136 billion), up 3.8 per cent year-on-year, and its net profit reached 64.6 billion yuan ($9.86 billion), up

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IGL SIGNS LONG TERM AGREEMENT WITH DTC TO SUPPLY CNG

IGL SIGNS LONG TERM AGREEMENT WITH DTC TO SUPPLY CNG

🕔18:23, 31.Mar 2021

New Delhi, March 31, 2021: Indraprastha Gas Limited (IGL), the largest Compressed Natural Gas (CNG) distribution company in the country today signed a long term gas supply agreement with Delhi Transport Corporation (DTC), to supply CNG for a period of ten

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PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd. with handover to NHPC Ltd

PFC completes successful resolution of 120 MW Rangit-IV HEP of Jal Power Corporation Ltd. with handover to NHPC Ltd

🕔18:17, 31.Mar 2021

New Delhi, Mar 31 Power Finance Corporation (PFC) as lead FI and PNB as co-lender of the consortium, completes successful resolution of stressed asset – 4×30 MW Rangit-IV HEP of Jal Power Corporation Ltd (JPCL) and handed over the project

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GE to provide maintenance services for 718-MW power plant in Bangladesh

GE to provide maintenance services for 718-MW power plant in Bangladesh

🕔15:22, 31.Mar 2021

Dhaka, March 31  GE on Wednesday announced that it will be providing maintenance services and a suite of digital solutions for the upcoming 718-megawatt (MW) combined cycle power plant at Meghnaghat, Narayanganj, Bangladesh owned by Reliance Bangladesh LNG & Power

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71.7% of all payment transactions in India to be digital by 2025

71.7% of all payment transactions in India to be digital by 2025

🕔15:19, 31.Mar 2021

Mumbai, March 31  By 2025, digital payments collectively in India would account for 71.7 per cent of overall payments volume, leaving cash and cheques at 28.3 per cent, said a new report on Wednesday. In 2020, the transaction volume share

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SBI raises additional $1B untied loan with JBIC

SBI raises additional $1B untied loan with JBIC

🕔15:18, 31.Mar 2021

Mumbai, March 31  Lending major State Bank of India (SBI) has entered into a loan agreement amounting up to $1 billion with Japanese government owned financial institution, JBIC. According to the lender, the loan is intended to promote ‘smooth flow

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Samsung TV Plus arrives in India, available on Galaxy phones too

Samsung TV Plus arrives in India, available on Galaxy phones too

🕔15:17, 31.Mar 2021

Gurugram, March 31 The South Korean giant on Wednesday announced the launch of Samsung TV Plus, a service which offers consumers ad-supported select live channels and on-demand videos, with no additional device such as a set top box, in the

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Airtel earns CERT-In empanelment for cyber security services

Airtel earns CERT-In empanelment for cyber security services

🕔15:15, 31.Mar 2021

New Delhi, March 31 Bharti Airtel on Wednesday announced it has received empanelment by Computer Emergency Response Team (CERT-In) – national incident response centre for cyber incidents across the country. With this empanelment, Airtel will be able to offer its cyber

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NBFC-MFIs to charge 7.81% average base rate in April-June

NBFC-MFIs to charge 7.81% average base rate in April-June

🕔15:14, 31.Mar 2021

Mumbai, March 31  The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The

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Vedanta to set up new copper smelter plant; to exit Tuticorin?

Vedanta to set up new copper smelter plant; to exit Tuticorin?

🕔15:13, 31.Mar 2021

Chennai, March 31  Vedanta Ltd is planning to set up a 5,00,000 ton per annum (tpa) copper smelter plant in a coastal region in India. Is Vedanta Ltd planning to shift its 400,000 tpa copper smelter plant in Tuticorin —

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HP to join leading smartphone chip brand for new Chromebook

HP to join leading smartphone chip brand for new Chromebook

🕔15:12, 31.Mar 2021

New Delhi, March 31  PC and printing major HP is all set to partner a leading Taiwanese smartphone processor brand for their new Chromebook device that will arrive in India early next week at a starting price of nearly Rs

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China launches new Earth observation satellite

China launches new Earth observation satellite

🕔15:10, 31.Mar 2021

Beijing, March 31  China sent a new Earth observation satellite into space from the Jiuquan Satellite Launch Center in northwest China at 6.45 a.m. on Wednesday (Beijing time). The satellite, Gaofen-12 02, was launched aboard a Long March-4C rocket and

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Last date today for submitting bids for unified bank licences

Last date today for submitting bids for unified bank licences

🕔15:09, 31.Mar 2021

New Delhi, March 31  March 31 is the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments. The Reserve Bank of India in February had extended the date to March 31 after it received requests

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Higher TDS if PAN not linked with Aadhaar by today

Higher TDS if PAN not linked with Aadhaar by today

🕔15:04, 31.Mar 2021

ew Delhi, March 31  As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders to link their Aadhaar with PAN on or before March 31. ‘If your

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SpiceJet, Avenue Capital Group enter into MoU for aircraft acquisition

SpiceJet, Avenue Capital Group enter into MoU for aircraft acquisition

🕔14:20, 31.Mar 2021

New Delhi, March 31  Budget airline SpiceJet has entered into a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for financing, acquisition and sale and lease-back of new planes. Accordingly, the Avenue Capital Group are specialists in the

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