Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Corporate India

Governance

Government Sanctions ₹6,982 Crore Additional Capital for BSNL’s 4G Expansion

In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.

Business & Economy

NHPC achieves record quarter-I standalone profit after tax

News Orbiter Bureau13 August 202301 mins

NHPC Limited, India’s leading hydropower company, has announced its highest-ever Standalone Profit after Tax (PAT) for Quarter-I of the financial year 2023-24, reaching an impressive Rs. 1,053 Crore, compared to the PAT of Rs. 1,050 Crore for the corresponding quarter in the previous year. The NHPC Board officially endorsed the Q-1 FY23-24 results during their meeting on August 11, 2023.

NHPC boasts a robust total installed capacity of 7,097.2 MW in renewable power, encompassing both Wind and Solar sources, achieved through its 25 power stations, which includes a significant contribution of 1,520 MW generated via subsidiaries.

News Orbiter Bureau

News Orbiter runs a 24/7 news bureau that tracks the intersections of governance, policy, business & economy, infrastructure & real estate with specialised insights into India’s growth story. The bureau manages a policy-business-intelligence hub, delivering clarity, context, and depth on the decisions shaping India’s governance, economy, and industry.