India's coal growth driven by state as private funds flee
Friday, August 16, 2019, 8:19 PM
The country will experience the largest increase in coal burning through 2023, according to the International Energy Agency, with a 3.9% annual pace of growth that should be enough to offset falling consumption in developed countries. The curious thing is that when you look at the Indian power sector, there are few signs it's on the brink of a boom.
Rs 10,000 crore worth 6th tranche of CPSE ETF to open on July 18
Wednesday, July 10, 2019, 5:22 PM
The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on July 18, an official said. The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.
ONGC share buyback to open from Jan 29-Feb 11
Tuesday, January 22, 2019, 7:08 AM
State-owned Oil and Natural Gas Corp's (ONGC) Rs 4,022 crore share buyback programme will open on January 29 and close on February 11, the company said in its offer letter to shareholders. ONGC's board had on December 20 approved buyback of 25.29 crore shares for Rs 159 apiece as part of the government plan to get cash-rich PSUs to part with their surplus.