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JSPL promoters to repay Rs350 cr loans for release of 10 cr shares, stock up 15%

NEW DELHI, April 7 -- Promoters of Jindal Steeel & Power Ltd (JSPL) are repaying Rs.350 crore of loans to ensure release of 10 crore shares of the company from the likes of L&T Financial Services and ... Read More


Distributors told relief on late surcharge, not on payments to power generators

NEW DELHI, April 6 -- The ministry of power Monday clarified that distributors will still have to pay their bills to the generators within 45 days of them becoming due. The ministry had on 28 March ur... Read More


Distributors told relief is on late surcharge, they still need to pay generators

NEW DELHI, April 6 -- The ministry of power Monday clarified that distributors will still have to pay their bills to the generators within 45 days of them becoming due. The ministry had on 28 March ur... Read More


Fin min, PMO officials burn midnight oil for second fiscal stimulus

New Delhi, April 5 -- Finance minister Nirmala Sitharaman, secretaries and staff at the ministry and senior officials in the Prime Minister's Office (PMO) were in hectic parleys all through last week ... Read More


Modi's Sunday, 9pm, 9-min lamp lighting: CBSE wants students to show compliance

NEW DELHI, April 5 -- The Central Board of Secondary Education is leaving no stone unturned to make sure Prime Minister Narendra Modi's call to light a candle/lamp at 9pm tonight is a success. The boa... Read More


Modi's Sunday, 9pm, 9-min lamp lighting: Students told to do it, show compliance

NEW DELHI, April 5 -- The Central Board of Secondary Education is leaving no stone unturned to make sure Prime Minister Narendra Modi's call to light a candle/lamp at 9pm tonight is a success. The boa... Read More


Generators want ministry to intervene as power purchasers invoke force majeure

NEW DELHI, April 4 -- Generation companies have knocked on the doors of the power ministry for immediate intervention as distributors invoke covid-19 as a force majeure event and renege on their purch... Read More


Fed gives all central banks dollar funding facility, RBI wants it

NEW DELHI, March 31 -- The US Federal Reserve has granted dollar funding facility to all central banks in the world including those who don't as yet have currency swap lines in place. This is a big po... Read More


Fed gives RBI what it wants: dollar swap facility

New delhi, March 31 -- The US Federal Reserve on Tuesday gave the Reserve Bank of India (RBI), as well as all other central banks, currency swap facility to help them fund their dollar requirements. T... Read More


Fed gives RBI what it wanted: dollar funding facility

NEW DELHI, March 31 -- The US Federal Reserve on Tuesday gave the Reserve Bank of India as well as all other central banks currency swap facility to help them fund their dollar requirements. The facil... Read More