NTPC denies interest in Tilaiya ultra mega power plant following Reliance Power’s exit
Posted on 4th May 2015 |
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| State-owned National Thermal Power Corporation (NTPC) has denied any plan to step into the 4,000-mega watt (MW) Tilaiya ultra mega power plant (UMPP) in Jharkhand after Reliance Power pulled out of the project citing undue delays in acquiring land for the project. NTPC has clarified that it was not interested in taking over the project contrary to the prevailing “wrong impression that NTPC is very keen to step into the Tilaiya project”. The clarification from NTPC came after the company’s chairman Arup Roy Choudhury was reported as having said that the company was more than willing to come on board for the Tilaiya project. NTPC was the second lowest bidder for the project, which was bagged by Reliance Power in 2009. Total land requirement for the project was over 17,000 acres, but the state had managed to acquire a little more than 400 acres for the project. RPower had, in August 2009, won rights to set up the 3,960-MW power plant at Hazaribagh in Jharkhand after bidding a levelised tariff of Rs 1.77 per unit. However, it could not start work on the project as the state government had not provided the required land even after more than five years. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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