‘NTPC’s regulation may jeopardise grid security’
Posted on 7th May 2016 |
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| A day after NTPC issued notices to Reliance Infra-run BSES discoms in Delhi regarding power cuts starting next week due to unpaid bills, the state transmission utility has directed the company to keep its regulation of power supply notice in abeyance in view of ‘imminent threat’ to the grid. “We are bringing to the kind attention of NTPC that as per regulation 11(2) of the CERC regulations, the state load despatch centre (SLDC) may suspend the implementation of regulation of power supply if it results in danger to grid security,” the letter written to NTPC by SLDC said. SLDC is a part of state transmission utility that is responsible for optimum scheduling and despatch of electricity within a state. On Wednesday, NTPC had issued notices to both BSES Rajdhani and BSES Yamuna over regulation of power supply starting May 10 as the power distribution companies had failed to settle a Rs 1,300-crore power bill. While asking NTPC to not implement proposed regulation, the SLDC’s letter pointed out that if NTPC decided to back down its plants, it will adversely affect the grid frequency and will result in grid collapse. |
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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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