Central government’s tax collection on petrol, diesel jumps 300% in six years
NEW DELHI: Central government’s tax collections on petrol and diesel have jumped over 300 per cent in the last six years as excise duty on the two fuels was hiked, the Lok Sabha was informed on Monday. The central government collected Rs 29,279 crore from excise duty on petrol and Rs 42,881 crore on diesel […]
Narendra Modi launches ‘Jal Shakti Abhiyan
NEW DELHI: The Prime Minister Narendra Modi launched the ‘Jal Shakti Abhiyan:Catch the Rain’ campaign on World Water Day i.e today via video conferencing. A Memorandum of Agreement was signed between the Union Minister of Jal Shakti and the Chief Ministers of Madhya Pradesh and Uttar Pradesh to implement the Ken Betwa Link Project, the first […]
PGCIL signs agreement to acquire 74% stake in Jaiprakash Power Ventures Limited
NEW DELHI: Power Grid Corporation of India Limited (POWERGRID Or PGCIL), a Maharatna PSE under Ministry of Power, Government of India has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary […]
Mahindra signs contract with Ministry of Defence to supply 1,300 light specialist vehicles to Indian Army
NEW DELHI: Providing further boost to ‘Make in India’, Ministry of Defence (MoD) signed a contract with Mahindra Defence Systems Ltd (MDSL) for supply of 1,300 Light Specialist Vehicles to the Indian Army, at a cost of Rs 1,056 crore, in New Delhi on March 22, 2021. The induction of vehicles is planned to be […]
Piramal Capital & Housing Finance raises Rs 4,050 crore
NEW DELHI: Piramal Capital & Housing Finance Limited (PCHFL), a wholly-owned subsidiary of Piramal Enterprises Limited (PEL or the Company), has raised Rs 4,050 crore through issuance of long-term, five-year Non-Convertible Debentures (NCDs) in two tranches. The first tranche of the NCD issue amounting to Rs 2,000 crore opened on March 10, 2021 with a […]
At $36 billion, FPI inflows into equities at record high since FY13: RBI report
NEW DELHI: Foreign portfolio investors have pumped in a record USD 36 billion into equities so far this fiscal up to March 10, which is the highest since FY13, shows the latest data from the Reserve Bank of India (RBI). On the other hand, net foreign direct investment inflows jumped to USD 44 billion, till […]