#RKSingh Archives - 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.

Gas-based power plants to be activated to meet summer electricity demand

Vishal Duggal22 April 202404 mins

To address the escalating electricity demand during the summer season, the Government of India has announced plans to activate gas-based power plants. In a bid to maximize power generation from these stations, the government has issued directives to all gas-based generating stations under Section 11 of the Electricity Act, 2003. This section empowers the government…

PM launches mega scheme to improve power distribution

News Orbiter Bureau31 July 202231 July 202204 mins

Prime Minister Narendra Modi has launched Power Ministry’s flagship “Revamped Distribution Sector Scheme” with an aim to improve the operational efficiencies, besides ensuring financial sustainability of power distribution companies. With plans to provide 25 crore Smart Prepaid meters to the consumers all over the country, the scheme has an outlay of Rs.3,03,758 crore to be…