IBA offers 6% wage hike to bank staff; unions reject proposal

Bank unions are demanding a 25 percent hike and the IBA has agreed to have fresh discussions on the issue by the end of August. Read more »

Uttar Pradesh annuls 1000 MW solar auction without citing any reasons

The UP New and Renewable Energy Development Agency (Upneda) held the reverse auction on July 11, at which winning tariffs varied between Rs 3.48 and Rs 3.55 per unit. Read more »

Solar industry seeks urgent clarity on rate of GST on projects

The problem has genesis in the fact that concessional GST rate of 5% applies to solar power generating system, but solar power generating systems (SPGS) are is not defined in the law. Read more »

NBCC may take up stranded projects of Jaypee, Amrapali

NBCC is likely to take up the projects to ensure their completion, and hand them over to their bona fide owners. Read more »

Essel plans Rs 1,750 cr project for EV charging infra in UP

In a statement here, the Subhash Chandra-led EIL said it plans to launch 250 charging stations and 1,000 battery swapping locations in 20 cities of Uttar Pradesh. Read more »

Air Deccan restarts flight services in Maharashtra

Air Deccan which resumed operations after a gap of almost five years in 2017, had bagged 34 routes to operate in the the first round of the bidding. Read more »

SIS close to acquiring a majority stake in NCR security provider for Rs 300 crore

This would be the first acquisition for BSE listed SIS, that has created a war chest of around Rs 1,000 crore for acquisitions in the sector for next few years. Read more »

Govt constitutes high level empowered committee to revive stressed thermal power plants

The Committee would look into various issues with a view to resolve them and maximise the efficiency of investment Read more »

Auditors should not quit audit work of firms halfway: T V Mohandas Pai

The former Infosys director said now the instances of auditors quitting listed firms "is happening more because Sebi banned Price Waterhouse for two years after the Satyam thing". Read more »

CAIT to launch stir against Walmart-Flipkart deal

CAIT further said it had earlier urged the Competition Commission of India to not pass any order without hearing the submission of the traders' body, which has already filed its objections before... Read more »