Sujeet Kumar Jha, Author at News Orbiter

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.

Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia,

UPI–UPU Integration Unveiled at Global Postal Summit in Dubai

Sujeet Kumar Jha9 September 202512 September 202504 mins

At the 28th Universal Postal Congress in Dubai, Union Minister Jyotiraditya Scindia launched the historic UPI–UPU Integration project, a transformative step to make cross-border remittances faster, safer, and more affordable. He also pledged USD 10 million to support global postal innovation and confirmed India’s bid for two crucial UPU councils, reaffirming India’s vision of a modern, inclusive, and cooperative global postal network.

India rallies global participation for International Day of Yoga 2025

Sujeet Kumar Jha29 May 202529 May 202505 mins

The government gears up for record-breaking celebrations with over 1 lakh yoga sessions and international outreach With just weeks to go for the 11th International Day of Yoga (IDY), India is stepping up its efforts to transform the annual observance into a truly global people’s movement. An Inter-Ministerial Committee (IMC) meeting was convened yesterday at…

Ministry of Finance claims over 52 Crore PM Jan-Dhan accounts opened under PMJDY

Sujeet Kumar Jha7 August 202402 mins

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, has opened 52.81 crore accounts with a total deposit balance of Rs. 2,30,792 crore as of 19.07.2024. Of these accounts, 29.37 crore (55.6%) belong to women, and 35.15 crore (66.6%) are in rural and semi-urban areas. This initiative, aimed at financial inclusion, focuses on…

L&T secures major contracts for Power Grid and renewable energy projects in India and abroad

Sujeet Kumar Jha9 May 20249 May 202403 mins

Larsen & Toubro’s (L&T) Power Transmission & Distribution (PT&D) business has recently clinched significant contracts for various power grid system projects and renewable energy (RE) initiatives in India and overseas. The company announced this achievement in a statement released on Wednesday. Highlighting the company’s dominant position in the region’s clean energy sector, L&T secured orders…

Union Minister Sarbananda Sonowal launches ₹308 crore waterways development projects in North East India

Sujeet Kumar Jha22 February 202422 February 202404 mins

Union Minister Sarbananda Sonowal spearheaded a significant push for waterways development, unveiling projects worth ₹308 crore for the North East region in Guwahati. The event, which took place simultaneously at Bogibeel in Dibrugarh, Badarpur in Karimganj, IWAI port in Dhubri, and Sonamura in Tripura, marked a milestone in the region’s infrastructure development. The inauguration ceremony…

Empowering growth in Solar Energy sector production linked incentives boosts indigenous solar panel production

Sujeet Kumar Jha18 December 202303 mins

In a bid to elevate indigenous production of solar panels, Union Minister of State for New & Renewable Energy, Bhagwanth Khauba, highlighted the significance of schemes like the Production Linked Incentive (PLI) for High Efficiency Solar Panel manufacturing. With a substantial budget of Rs. 24,000 crores, the PLI initiative is expected to spur growth in…

Goa to receive massive infra push with 1250 crore worth road projects

Sujeet Kumar Jha2 November 20215 November 202103 mins

Union Minister Nitin Gadkari has informed that road projects worth Rs 1250 crore have been approved for Goa by the Road Transport and Highways Ministry (MoRTH) and this include road development work in four new phases in the state. Since 2014, the state has already witnessed Rs 25,000 crore worth development projects under Bharatmala and…

Slowdown in residential real estate market shows signs of abatement

Sujeet Kumar Jha9 July 202110 July 202104 mins

Real estate sector is gradually emerging out of the clutches of the long prevailing slowdown and the fact has come to the fore through the recent FSR report by the RBI. The FSR report highlights that the residential real estate sector has recovered since the unsold inventory level has come down to a two-year low….

Wave Group unveils luxury real estate project ‘Veridia’ at Wave City, Ghaziabad

Sujeet Kumar Jha4 May 202130 May 202103 mins

Real estate developer Wave Group has launched ‘Veridia’, a luxury real estate project at its Wave City township in Ghaziabad. Spread over 24.47 acres, the project encompasses Stilt+6 floors of 4bhk and 5bhk skyvillas. Equipped with high-end amenities including home automation the project fulfills green building requirements, besides being based on modern contemporary architectural trends….

PM Modi inaugurates project of widening Varanasi-Prayagraj section on NH-19 into six-lane

Sujeet Kumar Jha1 December 202004 mins

Prime Minister Narendra Modi launched massive six-lane widening project of Varanasi-Prayagraj on NH-19. Speaking on the occasion, he said, “Unprecedented work has been done on new highways, pull-flyovers, widening of roads to reduce traffic jams in and around Varanasi.” He added that the farmers would greatly benefitted by modern connectivity and that over the years,…