Corporate India

GRSE Lays Keel for ARS

GRSE achieves a key milestone by laying the keel for the Advanced Acoustic Research Ship (ARS) for DRDO’s NPOL. The vessel, a leap beyond the Sagar Dhwani, will significantly enhance India’s acoustic and oceanographic research, reinforcing the Atmanirbhar Bharat initiative.

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.

Infrastructure and Real Estate

Pandemic hit homebuyers in UP can go for one-time settlement till year-end

Vishal Duggal2 October 20204 October 202001 mins

Giving a major relief to the COVID-19 hit homebuyers in Uttar Pradesh, the state government has extended the one-time settlement scheme for allottees till December 31, 2020. Earlier the scheme had ended last month. The development assumes significance as more and more allottees have defaulted on payments which has caused loss of revenue to the development authorities and housing board. The Housing and urban planning department of UP has in a recent communique sent to housing authorities as well as housing board, laid down amendments in detail in the earlier OTS which started in February this year. The OTS scheme has been extended as per the directions of UP Chief Minister Yogi Adityanath.

Vishal Duggal

Vishal Duggal possesses over two decades of journalistic experience across print and web domains. He headed the editorial team of “Sahara Time” a 48-page general interest English weekly newspaper. He was also a senior editor with Exchange4media group’s real estate magazine “Realty Plus” and prior to that Consulting Editor with “Geopolitics” a magazine on defence and strategic affairs, and Executive Editor with Pravasi Indians, a magazine on the global Indian diaspora. Currently, he lends his professional expertise to several publications and websites.