Parliament panel suggests new framework for stressed assets in power sector

The RBI's revised framework for resolution of stressed assets has laid down strict timelines after which insolvency proceedings are initiated. Read more »

Leadership void at PSU banks with 10 banks headless by this month end

Along with NPAs, some ten state-run banks stare at the possibility of going headless by the month end. Read more »

India’s spending on health sector has grown: Nadda

Nadda said the funds spent by the government, including that by the states, would further increase when the 'Ayushman Bharat' scheme kicks in. Read more »

Exim Bank targets USD 25 bn lines of credit in FY19: MD

He said the bank is looking to maintain its growth rate at around 10-15 per cent in the current and the following fiscal year. Read more »

Luminous Power aims to double revenue from solar products in five years

Luminous Power Technologies has impacted over 1,00,000 lives through initiatives like Luminous Advanced Mentoring Programme (LAMP) and Luminous Advanced Health Initiative (LAHI). Read more »

Number of power plants facing coal shortage has come down, says govt

As per Daily Coal Report (DCR) there were 13 power plants with critical coal stock and 17 power plants with super-critical coal stock, which has reduced to 6 and 7 respectively on... Read more »

Exide to invest Rs 550 cr for two projects in Bengal

Earlier in the day, West Bengal's Minister for Transport and Environment and Chairman of Haldia Development Authority Suvendu Adhikari laid the foundation for the two plants. Read more »

IndiGo grounds sixth A320 neo aircraft

In the 2017 June quarter, IndiGo grounded nine A320 neo planes due to engine issues. The grounding had also resulted in the airline cancelling 84 flights on a particular day last year. Read more »

India to comfortably achieve 100 GW solar energy target by 2022: Government

The data regarding generation of power from various renewable energy projects is consolidated by the Central Electricity Authority (CEA). Read more »

Indian banks take about Rs 70,000-crore hit due to frauds in last 3 fiscal

Minister of State for Finance Shiv Pratap Shukla said the spurt was due to aggressive lending practices, wilful default, loan frauds, corruption in some cases and economic slowdown. Read more »