The document provides a weekly media update comprising news clips from various media sources related to Balmer Lawrie and other public sector enterprises (PSEs). It includes news on the Indian economy, industries that Balmer Lawrie operates in, earnings of companies, policy changes impacting PSEs, and investments in oil and gas exploration. The update is intended to be uploaded on the intranet and website of Balmer Lawrie every Monday.
The Economic Survey has stressed the need for continued capital expenditure spending by the government to boost growth and private sector investment. The Survey noted that government capex generates demand and creates conditions for private investment, while also highlighting that revenue collection has been strong allowing the government to meet its fiscal deficit targets. It said targeted spending on capex will be vital to sustaining economic growth as the economy recovers.
- India's GDP for FY22 is estimated to grow 9.2% to Rs. 147.5 lakh crore, up from Rs. 135.6 lakh crore in FY21. Several major reforms were implemented to boost investment and GDP growth.
- RBI projected India's economic growth at 7.8% for FY23 and retained growth estimate for FY22 at 9.2%. Retail inflation projection for FY23 is 4.5%.
- India's industrial production growth slowed to a 10-month low of 0.4% in December 2021 due to restrictions related to the Omicron variant and high base effects from the previous year.
This document provides a weekly media update from Balmer Lawrie with news clips from September 3, 2018 related to the Indian economy and Balmer Lawrie's business sectors. Key points include:
- The RBI expects India's GDP growth to reach 7.4% in the current fiscal year due to increased industrial activity and a good monsoon.
- GDP growth accelerated to an over two-year high of 8.2% in the first quarter of 2018-2019, driven by expansion in manufacturing, agriculture, and consumer spending.
- India is projected to become the world's fifth largest economy in 2019 by overtaking Britain.
This document provides a weekly media update with news articles from August 20th, 2018 related to the Indian economy and key industries. Several articles discuss India's trade deficit widening to over a five-year high in July due to higher oil and gold imports. Other articles report on the government's plans to meet its divestment target through share buybacks in 6-8 public sector companies and potential sales of stakes in Coal India and other power sector firms. Inflation rates declined in July while the weakening rupee is expected to increase India's oil import bill.
This document provides a weekly media update from Balmer Lawrie, an Indian public sector enterprise. It includes news articles from September 17, 2018 mentioning Balmer Lawrie as well as other news related to public sector enterprises, the Indian economy, and Balmer Lawrie's business sectors. The update also lists several online news articles with links. Key topics covered include Balmer Lawrie's annual general meeting, strategies for container freight station operators in response to direct port delivery, measures to control India's current account deficit and inflation rates, industrial production and export/import figures.
This document provides a weekly media update from Balmer Lawrie, summarizing several news articles related to the Indian economy, government policies, and Balmer Lawrie's business sectors. Key points include: industrial growth slowed in January while inflation increased slightly; retail inflation rose to a 4-month high in February; exports in 2018-19 are on track to surpass 2013-14 levels despite recent sluggishness; private manufacturing firms reported a 24.9% rise in net profits for Q3; and the government plans to raise over Rs. 3,500 crore through an additional offering of its CPSE ETF fund.
The UN projects India's economy to grow by 5.7% in the current fiscal year and 6.6% next year, higher than the World Bank's forecast. India's wholesale inflation reached a 7-month high of 2.59% in December due to higher food prices. Exports declined 1.8% in December to $27.36 billion due to currency volatility and falling commodity prices. The government is seeking Rs 19,000 crore in dividend from state-owned oil companies, about 5% more than last year.
The document provides a summary of various news articles related to the Indian economy and public sector enterprises (PSEs). It mentions that India's GDP grew 8.4% in Q2 FY22, led by farm and services sectors. The finance ministry expects double-digit GDP growth for FY22 and 6.5-7% growth in FY23. Strategic sales of 22 PSEs are planned, with 17 transactions ongoing, including BPCL and Concor. Manufacturing and services PMIs remained elevated in November, indicating continued economic recovery, though Omicron risks remain. Fiscal deficit for April-October was 36.3% of the annual target due to higher revenues and lower expenditures.
The Economic Survey has stressed the need for continued capital expenditure spending by the government to boost growth and private sector investment. The Survey noted that government capex generates demand and creates conditions for private investment, while also highlighting that revenue collection has been strong allowing the government to meet its fiscal deficit targets. It said targeted spending on capex will be vital to sustaining economic growth as the economy recovers.
- India's GDP for FY22 is estimated to grow 9.2% to Rs. 147.5 lakh crore, up from Rs. 135.6 lakh crore in FY21. Several major reforms were implemented to boost investment and GDP growth.
- RBI projected India's economic growth at 7.8% for FY23 and retained growth estimate for FY22 at 9.2%. Retail inflation projection for FY23 is 4.5%.
- India's industrial production growth slowed to a 10-month low of 0.4% in December 2021 due to restrictions related to the Omicron variant and high base effects from the previous year.
This document provides a weekly media update from Balmer Lawrie with news clips from September 3, 2018 related to the Indian economy and Balmer Lawrie's business sectors. Key points include:
- The RBI expects India's GDP growth to reach 7.4% in the current fiscal year due to increased industrial activity and a good monsoon.
- GDP growth accelerated to an over two-year high of 8.2% in the first quarter of 2018-2019, driven by expansion in manufacturing, agriculture, and consumer spending.
- India is projected to become the world's fifth largest economy in 2019 by overtaking Britain.
This document provides a weekly media update with news articles from August 20th, 2018 related to the Indian economy and key industries. Several articles discuss India's trade deficit widening to over a five-year high in July due to higher oil and gold imports. Other articles report on the government's plans to meet its divestment target through share buybacks in 6-8 public sector companies and potential sales of stakes in Coal India and other power sector firms. Inflation rates declined in July while the weakening rupee is expected to increase India's oil import bill.
This document provides a weekly media update from Balmer Lawrie, an Indian public sector enterprise. It includes news articles from September 17, 2018 mentioning Balmer Lawrie as well as other news related to public sector enterprises, the Indian economy, and Balmer Lawrie's business sectors. The update also lists several online news articles with links. Key topics covered include Balmer Lawrie's annual general meeting, strategies for container freight station operators in response to direct port delivery, measures to control India's current account deficit and inflation rates, industrial production and export/import figures.
This document provides a weekly media update from Balmer Lawrie, summarizing several news articles related to the Indian economy, government policies, and Balmer Lawrie's business sectors. Key points include: industrial growth slowed in January while inflation increased slightly; retail inflation rose to a 4-month high in February; exports in 2018-19 are on track to surpass 2013-14 levels despite recent sluggishness; private manufacturing firms reported a 24.9% rise in net profits for Q3; and the government plans to raise over Rs. 3,500 crore through an additional offering of its CPSE ETF fund.
The UN projects India's economy to grow by 5.7% in the current fiscal year and 6.6% next year, higher than the World Bank's forecast. India's wholesale inflation reached a 7-month high of 2.59% in December due to higher food prices. Exports declined 1.8% in December to $27.36 billion due to currency volatility and falling commodity prices. The government is seeking Rs 19,000 crore in dividend from state-owned oil companies, about 5% more than last year.
The document provides a summary of various news articles related to the Indian economy and public sector enterprises (PSEs). It mentions that India's GDP grew 8.4% in Q2 FY22, led by farm and services sectors. The finance ministry expects double-digit GDP growth for FY22 and 6.5-7% growth in FY23. Strategic sales of 22 PSEs are planned, with 17 transactions ongoing, including BPCL and Concor. Manufacturing and services PMIs remained elevated in November, indicating continued economic recovery, though Omicron risks remain. Fiscal deficit for April-October was 36.3% of the annual target due to higher revenues and lower expenditures.
This document provides a weekly media update for Balmer Lawrie, summarizing news related to the company, PSEs, and industries Balmer Lawrie operates in. It includes news clips from various media sources between May 31 and June 4, 2018. Key topics covered include the Indian economy growing at 7.7% in Q4 FY2018, forecasts for 7-7.5% GDP growth in FY2019, and updates on PSE policies regarding promotions, sabbaticals, and reducing government stakes in CPSEs.
The document provides a weekly summary of media articles related to topics of interest to Balmer Lawrie, including news about the Indian economy, oil and gas sector, and public sector enterprises. Several articles discuss signs that the Indian economy may be slowing down further, as seen in declining oil imports and consumption. Other articles report on retail inflation rising slightly in April, exports growth declining, and the government looking to restructure central public sector investments.
The World Bank forecasts India's GDP growth to accelerate to 7.5% in 2019-20, driven by continued investment strengthening, improved exports, and resilient consumption. The IMF also estimates India's growth at 7.3% in 2019 and 7.5% in 2020, enabling it to retain its status as the fastest growing major economy. However, the IMF has revised downward its forecasts slightly compared to last year. Industrial production growth slowed to 0.1% in February, its lowest in 20 months, as manufacturing contracted amid muted demand. WPI inflation rose to 3.18% in March due to higher food and fuel prices.
This summary provides the key details from the document in 3 sentences:
The document comprises various news clips from media about topics related to the Indian economy, including GDP growth rates, impact of demonetization, cuts to growth forecasts, fiscal deficits, core sector growth, and services PMI growth. It also includes articles on GST rates, stock options for PSU chiefs, central PSU pay revisions, and Dharmendra Pradhan showcasing India's oil and gas discoveries in the US. The majority of the articles discuss recent economic indicators and statistics coming out of India along with some policy decisions around topics like GST rates and PSU compensation.
This weekly media update from Balmer Lawrie provides summaries of recent news articles related to the Indian economy, key industries, and Balmer Lawrie. The articles discuss India's GDP growth remaining unchanged at 7.1% for FY17 despite a sharp rise in investment, expectations that growth will exceed 8% in the coming quarters but double digit growth remains difficult, and the government likely meeting its fiscal deficit target for FY18 while increasing the FY19 divestment target. Core sector growth slowed in December and PSU dividend payout is expected to be lower in FY19. India also scored slightly higher than the global average on budget transparency.
This document provides a weekly media update from various news sources mentioning Balmer Lawrie and related topics. It includes articles discussing projections for India's economic growth in the coming fiscal years, recent industrial production and inflation data, export growth rates, and other business and economic news. This media update is meant to be shared internally on the company intranet and externally on the company website.
The document provides news clips from various media sources mentioning Balmer Lawrie and related industries. It discusses India's strong Q4 results beating expectations, economic recovery since late May according to RBI governor, eight core sectors growing 16.8% in May due to low base effects, manufacturing contracting for the first time in 11 months due to lockdowns, current account ending FY21 in surplus for the first time in 17 years, and stronger recovery expected post-September as vaccinations increase and festivals begin.
The analysis of corporate performance for the second
quarter of FY18 signals mixed trends, with the top-line
growing at a respectable rate even as the bottom-line
of firms is getting crimped due to the rising operating
costs and GST related uncertainty.
- Business activity in India hit a record high in the week ending August 8 according to Nomura's Business Resumption Index, nearing pre-pandemic levels as mobility increased.
- The finance ministry said the economic impact of the second COVID wave is likely to be muted with signs of economic rejuvenation and sustained vaccination could reduce severity of future waves.
- India's industrial production grew 13.6% in June from a year ago due to low base effects as lockdowns last year halted activity, while retail inflation eased to 5.59% in July.
This document provides a weekly media update from Balmer Lawrie, summarizing several news articles from the previous week related to the company's business sectors. The articles discuss topics such as a rise in wholesale inflation due to increasing fuel prices, a decline in industrial growth, growth in exports offset by a widening trade deficit, Fitch maintaining India's credit rating, planned share buybacks and sales from public sector companies, and reduced oversight of PESB in selecting directors for public sector boards.
M&A dealscape highlights the M&A deal activity in India over the last 4 quarters (July 2017 to June 2018), together with insights on macro-economic scenario and key deal rationales by sector.
This document provides a weekly media update containing news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. The key news stories discussed are:
1. Prime Minister Modi stated that making India a $5 trillion economy by 2024 is a "challenging but achievable" goal and outlined priorities like job creation and poverty alleviation.
2. India's industrial output grew 3.4% in April, rebounding to a six-month high. Retail inflation rose slightly but remained below the central bank's target rate.
3. Exports grew 4% in May while imports rose 4.3%, widening the trade deficit to a six-month high of $
- Nomura expects India's GDP growth to rebound in Q3 but sees risks to growth in Q4 from supply constraints. Industrial production may contract in September and October due to chip and coal shortages.
- India's fiscal deficit in the first half of FY22 hit a 4-year low of Rs. 5.26 lakh crore, helped by strong tax revenues which were over 60% of budget estimates.
- The finance ministry has approved an 8.5% interest rate on employees' provident fund deposits for 2020-21, affecting over 6.4 crore subscribers.
SBI Research has raised its forecast for India's FY22 GDP growth to 9.3-9.6% due to wider COVID vaccination coverage and slowing case growth. HDFC Bank economists project Q2 GDP growth at 7.8% due to the low base from last year's contraction. India's crude oil production fell 2.15% in October while natural gas output rose 24.7% driven by KG-D6 fields. State-run oil companies are preparing roadmaps to achieve net-zero emissions to support India's climate commitments.
The document provides news updates from various media sources related to the Indian economy. Key highlights include:
- The Economic Advisory Council to the PM estimates India's economic growth at 7-7.5% for FY23 and expects private investment to recover as capacity utilization improves.
- Business resumption in India reached a record high last week according to a private index, indicating strong festive season demand.
- The Finance Minister urged companies to increase investments and risk-taking to support India's growth ambitions.
- The government aims to complete the privatization of 5-6 PSUs including BPCL this fiscal year.
- Wholesale inflation rose to a 5-month high of 12
The document provides a weekly media update with news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It includes articles discussing the Modi government's plans to sell stakes in BPCL and other PSEs to raise funds, declining growth in India's manufacturing sector, falling oil and commodity prices, and India's strategy to leverage oil imports to gain access to overseas markets for its energy companies.
This document provides a summary of news articles from various media sources related to the Indian economy. It discusses the IMF projecting India's growth rate to be 7.7% in 2018-19, India's factory output slowing in March 2017, retail inflation falling to 2.99% in April 2017 due to lower food prices, the government revising the base year for key economic indices like IIP and WPI to 2011-12 to provide more accurate data, and the oil and gas minister inaugurating a national conference on skill development in the hydrocarbon sector in Bhubaneswar, India.
This document provides a weekly media update from Balmer Lawrie, including news related to the company, PSEs, and industries relevant to Balmer Lawrie's business. Key articles summarize reports on the biolubricants market size and growth, Seychelles tourism events that recognized Balmer Lawrie, forecasts for India's GDP growth in 2016-17, updates on manufacturing and services sector growth, and discussions on India's proposed GST structure and rates. The document also includes brief snippets on other topics like business confidence, credit availability, global business optimism rankings, and the role of the private sector in energy security.
EUpDates—A Monthly Statistical Bulletin of Economic IndicatorsEcofin Surge
Monthly statistical e-bulletin comprising a Quick Review of the Economy and about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
ChoiceBroking - Q2FY16 GDP growth at 7.4%; robust manufacturing expansion indicates revival in economic scenario. To read our monthly economic outlook please click here http://bit.ly/1QTqJKI
Fitch and Crisil have lowered their GDP growth forecasts for India to 7.2% and 7.4% respectively due to higher financing costs, reduced credit availability, and lower global trade. Meanwhile, manufacturing and services PMIs rose in November, indicating expansion. The CAD widened to 2.9% of GDP in Q2 due to a rise in trade deficit. The government will continue its plan to merge CPSEs like PFC-REC to meet disinvestment targets and is providing funds to loss-making PSU insurers. It has also raised its contribution to the National Pension Scheme to 14% of basic salary.
The document provides news updates from various media sources related to the Indian economy. Key updates include:
- The IMF forecasts India's growth to increase to 7.4% in FY19, making it the fastest growing major economy.
- The IMF and World Bank both say India is reclaiming its place as a growth leader after a brief slowdown.
- India's exports grew 12.4% in December while the trade deficit reached a 3-year high due to higher imports.
- China's GDP growth accelerated to 6.8% in Q4 2017, the first annual growth increase in 7 years for China.
This document provides a weekly media update for Balmer Lawrie, summarizing news related to the company, PSEs, and industries Balmer Lawrie operates in. It includes news clips from various media sources between May 31 and June 4, 2018. Key topics covered include the Indian economy growing at 7.7% in Q4 FY2018, forecasts for 7-7.5% GDP growth in FY2019, and updates on PSE policies regarding promotions, sabbaticals, and reducing government stakes in CPSEs.
The document provides a weekly summary of media articles related to topics of interest to Balmer Lawrie, including news about the Indian economy, oil and gas sector, and public sector enterprises. Several articles discuss signs that the Indian economy may be slowing down further, as seen in declining oil imports and consumption. Other articles report on retail inflation rising slightly in April, exports growth declining, and the government looking to restructure central public sector investments.
The World Bank forecasts India's GDP growth to accelerate to 7.5% in 2019-20, driven by continued investment strengthening, improved exports, and resilient consumption. The IMF also estimates India's growth at 7.3% in 2019 and 7.5% in 2020, enabling it to retain its status as the fastest growing major economy. However, the IMF has revised downward its forecasts slightly compared to last year. Industrial production growth slowed to 0.1% in February, its lowest in 20 months, as manufacturing contracted amid muted demand. WPI inflation rose to 3.18% in March due to higher food and fuel prices.
This summary provides the key details from the document in 3 sentences:
The document comprises various news clips from media about topics related to the Indian economy, including GDP growth rates, impact of demonetization, cuts to growth forecasts, fiscal deficits, core sector growth, and services PMI growth. It also includes articles on GST rates, stock options for PSU chiefs, central PSU pay revisions, and Dharmendra Pradhan showcasing India's oil and gas discoveries in the US. The majority of the articles discuss recent economic indicators and statistics coming out of India along with some policy decisions around topics like GST rates and PSU compensation.
This weekly media update from Balmer Lawrie provides summaries of recent news articles related to the Indian economy, key industries, and Balmer Lawrie. The articles discuss India's GDP growth remaining unchanged at 7.1% for FY17 despite a sharp rise in investment, expectations that growth will exceed 8% in the coming quarters but double digit growth remains difficult, and the government likely meeting its fiscal deficit target for FY18 while increasing the FY19 divestment target. Core sector growth slowed in December and PSU dividend payout is expected to be lower in FY19. India also scored slightly higher than the global average on budget transparency.
This document provides a weekly media update from various news sources mentioning Balmer Lawrie and related topics. It includes articles discussing projections for India's economic growth in the coming fiscal years, recent industrial production and inflation data, export growth rates, and other business and economic news. This media update is meant to be shared internally on the company intranet and externally on the company website.
The document provides news clips from various media sources mentioning Balmer Lawrie and related industries. It discusses India's strong Q4 results beating expectations, economic recovery since late May according to RBI governor, eight core sectors growing 16.8% in May due to low base effects, manufacturing contracting for the first time in 11 months due to lockdowns, current account ending FY21 in surplus for the first time in 17 years, and stronger recovery expected post-September as vaccinations increase and festivals begin.
The analysis of corporate performance for the second
quarter of FY18 signals mixed trends, with the top-line
growing at a respectable rate even as the bottom-line
of firms is getting crimped due to the rising operating
costs and GST related uncertainty.
- Business activity in India hit a record high in the week ending August 8 according to Nomura's Business Resumption Index, nearing pre-pandemic levels as mobility increased.
- The finance ministry said the economic impact of the second COVID wave is likely to be muted with signs of economic rejuvenation and sustained vaccination could reduce severity of future waves.
- India's industrial production grew 13.6% in June from a year ago due to low base effects as lockdowns last year halted activity, while retail inflation eased to 5.59% in July.
This document provides a weekly media update from Balmer Lawrie, summarizing several news articles from the previous week related to the company's business sectors. The articles discuss topics such as a rise in wholesale inflation due to increasing fuel prices, a decline in industrial growth, growth in exports offset by a widening trade deficit, Fitch maintaining India's credit rating, planned share buybacks and sales from public sector companies, and reduced oversight of PESB in selecting directors for public sector boards.
M&A dealscape highlights the M&A deal activity in India over the last 4 quarters (July 2017 to June 2018), together with insights on macro-economic scenario and key deal rationales by sector.
This document provides a weekly media update containing news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. The key news stories discussed are:
1. Prime Minister Modi stated that making India a $5 trillion economy by 2024 is a "challenging but achievable" goal and outlined priorities like job creation and poverty alleviation.
2. India's industrial output grew 3.4% in April, rebounding to a six-month high. Retail inflation rose slightly but remained below the central bank's target rate.
3. Exports grew 4% in May while imports rose 4.3%, widening the trade deficit to a six-month high of $
- Nomura expects India's GDP growth to rebound in Q3 but sees risks to growth in Q4 from supply constraints. Industrial production may contract in September and October due to chip and coal shortages.
- India's fiscal deficit in the first half of FY22 hit a 4-year low of Rs. 5.26 lakh crore, helped by strong tax revenues which were over 60% of budget estimates.
- The finance ministry has approved an 8.5% interest rate on employees' provident fund deposits for 2020-21, affecting over 6.4 crore subscribers.
SBI Research has raised its forecast for India's FY22 GDP growth to 9.3-9.6% due to wider COVID vaccination coverage and slowing case growth. HDFC Bank economists project Q2 GDP growth at 7.8% due to the low base from last year's contraction. India's crude oil production fell 2.15% in October while natural gas output rose 24.7% driven by KG-D6 fields. State-run oil companies are preparing roadmaps to achieve net-zero emissions to support India's climate commitments.
The document provides news updates from various media sources related to the Indian economy. Key highlights include:
- The Economic Advisory Council to the PM estimates India's economic growth at 7-7.5% for FY23 and expects private investment to recover as capacity utilization improves.
- Business resumption in India reached a record high last week according to a private index, indicating strong festive season demand.
- The Finance Minister urged companies to increase investments and risk-taking to support India's growth ambitions.
- The government aims to complete the privatization of 5-6 PSUs including BPCL this fiscal year.
- Wholesale inflation rose to a 5-month high of 12
The document provides a weekly media update with news related to Balmer Lawrie and other public sector enterprises (PSEs) in India. It includes articles discussing the Modi government's plans to sell stakes in BPCL and other PSEs to raise funds, declining growth in India's manufacturing sector, falling oil and commodity prices, and India's strategy to leverage oil imports to gain access to overseas markets for its energy companies.
This document provides a summary of news articles from various media sources related to the Indian economy. It discusses the IMF projecting India's growth rate to be 7.7% in 2018-19, India's factory output slowing in March 2017, retail inflation falling to 2.99% in April 2017 due to lower food prices, the government revising the base year for key economic indices like IIP and WPI to 2011-12 to provide more accurate data, and the oil and gas minister inaugurating a national conference on skill development in the hydrocarbon sector in Bhubaneswar, India.
This document provides a weekly media update from Balmer Lawrie, including news related to the company, PSEs, and industries relevant to Balmer Lawrie's business. Key articles summarize reports on the biolubricants market size and growth, Seychelles tourism events that recognized Balmer Lawrie, forecasts for India's GDP growth in 2016-17, updates on manufacturing and services sector growth, and discussions on India's proposed GST structure and rates. The document also includes brief snippets on other topics like business confidence, credit availability, global business optimism rankings, and the role of the private sector in energy security.
EUpDates—A Monthly Statistical Bulletin of Economic IndicatorsEcofin Surge
Monthly statistical e-bulletin comprising a Quick Review of the Economy and about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
ChoiceBroking - Q2FY16 GDP growth at 7.4%; robust manufacturing expansion indicates revival in economic scenario. To read our monthly economic outlook please click here http://bit.ly/1QTqJKI
Fitch and Crisil have lowered their GDP growth forecasts for India to 7.2% and 7.4% respectively due to higher financing costs, reduced credit availability, and lower global trade. Meanwhile, manufacturing and services PMIs rose in November, indicating expansion. The CAD widened to 2.9% of GDP in Q2 due to a rise in trade deficit. The government will continue its plan to merge CPSEs like PFC-REC to meet disinvestment targets and is providing funds to loss-making PSU insurers. It has also raised its contribution to the National Pension Scheme to 14% of basic salary.
The document provides news updates from various media sources related to the Indian economy. Key updates include:
- The IMF forecasts India's growth to increase to 7.4% in FY19, making it the fastest growing major economy.
- The IMF and World Bank both say India is reclaiming its place as a growth leader after a brief slowdown.
- India's exports grew 12.4% in December while the trade deficit reached a 3-year high due to higher imports.
- China's GDP growth accelerated to 6.8% in Q4 2017, the first annual growth increase in 7 years for China.
The document provides a summary of recent news articles mentioning Balmer Lawrie and related topics. It discusses India's GDP growth slowing to 4.1% in the last quarter due to pandemic impacts, supply issues, and high commodity prices. It also reports SBI revising India's FY23 growth forecast upward to 7.5% and mentions risks of global stagflation increasing. Exports grew 15.46% in May while the trade deficit widened to a record level.
The document provides updates on the Indian economy from various news sources. It mentions that Fitch forecasts India's GDP growth at 7.1% for the current fiscal year and 7.7% for the next two years. It also reports that Crisil forecasts a mild recovery for the Indian economy in fiscal 2018 with GDP growth of 7.4%. Industrial growth in India rebounded to 2.7% in January 2017. The government is working on a National Master Plan for manufacturing clusters to boost manufacturing.
India's economic growth is expected to remain near trend levels in 2019 despite external and domestic challenges, according to Moody's. While India and Indonesia are projected to grow near their potential rates, other emerging markets like Argentina, Brazil and South Africa may see below trend growth. Growth in the G-20 emerging markets as a group is expected to be slower in 2019 than 2018. Several factors like higher oil prices, currency depreciation and rising interest rates are expected to limit India's economic growth to around 7.3% in 2019 and 2020, compared to an estimated 7.4% in 2018. Services sector growth in India accelerated to its fastest pace in three months in October driven by new business orders.
This document provides a summary of 3 news articles:
1) Moody's cuts India's GDP growth forecast to 6.2% for 2019 due to slowing business sentiment and credit availability.
2) Nomura report estimates India's GDP growth will slow to 5.7% in April-June quarter due to contraction in consumption, weak investments, and underperforming services sector.
3) An ET survey estimates India's GDP growth was between 5.2-6% in April-June quarter, slower than previous quarter due to weak industrial growth, muted investment and spending before elections.
This document provides a summary of 3 news articles:
1) Moody's cuts India's GDP growth forecast to 6.2% for 2019 due to slowing business sentiment and credit availability.
2) Nomura report predicts India's GDP growth will slow to 5.7% in April-June quarter due to contraction in consumption, weak investments, and underperforming services sector.
3) An ET survey estimates India's GDP growth was between 5.2-6% in April-June quarter, slower than previous quarter and China's growth, due to weak industry, muted spending and investment, and high base effect.
- India's economy is projected to grow at a slower rate of 6.5% in 2017-18, which would be the lowest in 4 years, due to slower growth in agriculture and manufacturing.
- Several reports and indicators show signs of recovery in India's industrial growth, with core sector growth hitting a 13-month high and manufacturing PMI rising to a 5-year high.
- Global stock markets hit new record highs and oil prices rose to their highest since 2015, driven by strong economic data from major economies.
This document provides a weekly media update from Balmer Lawrie, summarizing news related to the company, GOI, PSEs, and industries relevant to Balmer Lawrie's business. It includes news about the Indian economy's projected growth rate, industrial output, inflation rates, trade deficits, energy markets, and the government's disinvestment activities. The update comprises news clips from various business dailies between February 9-16, 2019.
- RBI governor Shaktikanta Das said that India's GDP growth for the second quarter of FY24 is likely to surpass expectations based on early indicators, and may be higher than the projected 6.5% growth.
- Growth in India's core sectors slowed to 8.1% in September, lower than the previous month but remained robust, led by a 16.1% expansion in coal production.
- India's manufacturing activity fell to a 8-month low in October due to the slowest rise in new orders in a year, though the sector continued to expand. Services activity also fell to a 7-month low in October.
- RBI governor Shaktikanta Das said that India's GDP growth for the second quarter of FY24 is likely to surpass expectations based on early indicators, and may be higher than the projected 6.5% growth.
- Growth in India's core sectors slowed to 8.1% in September, the lowest in four months, led by a 16.1% expansion in coal production.
- India's manufacturing activity fell to an eight-month low in October due to the slowest rise in new orders in a year, while services activity declined to a seven-month low due to softer increases in output and orders.
- India remained the world's fastest growing major economy in 2018 despite volatility, with GDP growth of 8.2% in the first quarter and 7.1% in the second quarter. However, growth is projected to slow to 7.2% for the full fiscal year.
- The growth of India's core infrastructure sectors slowed to a 16-month low of 3.5% in November 2018 due to weaker output in cement, electricity, and coal.
- The government raised a record Rs. 77,417 crore from the sale of stakes in public sector undertakings in 2018 and plans to privatize Air India in 2019 to meet its disinvestment target. However, it may fall short of its Rs
This document provides a weekly summary of news related to the Indian economy and key industries. It includes the following highlights:
1) The Asian Development Bank projects India will be the fastest growing Asian economy in 2018-19 and 2019-20 at 7.3% and 7.6% growth respectively.
2) A Harvard University report predicts India will be the world's fastest growing economy this decade, growing at 7.9% annually ahead of China and US.
3) India's services sector continued expanding in April, with the strongest job creation in seven years as new orders grew. Manufacturing activity also improved with rising new orders and output.
4) Infrastructure sector growth slowed to a three-month
- India's GDP growth slowed to 5% in April-June 2019, the slowest pace in over 6 years, missing market expectations. High-frequency indicators show a slowdown in private consumption.
- Several reports and surveys predict continued economic slowdown in India over the next 2-3 years due to falling household savings, rising bad loans, weak global trade, and domestic factors like falling consumption.
- The government fiscal deficit for April-July 2019 period reached 77.8% of the target for the fiscal year, with a decline in capital expenditures compared to the same period last year. The government has identified over a dozen state-run firms to potentially dilute stake in to raise disinvestment funds.
- The Indian economy is projected to contract by 7% in the current fiscal year 2020-21, improving from the 23.9% contraction in the first quarter and 7.5% contraction in the second quarter. Some analysts believe the recession may have ended in the third quarter as business activity picks up.
- Retail inflation slowed to a 16-month low of 4.1% in January due to lower food prices, while industrial output growth returned to positive territory at 1% in December, providing some signs of economic recovery.
- The government is targeting conclusion of the strategic sale of BPCL by June quarter and has received three preliminary bids for the company.
Weekly Media Update_18_12_2023 - news clips from various media in which Balme...BalmerLawrie
- The document provides news clips from various media sources related to Balmer Lawrie and other public sector enterprises (PSEs) in India.
- It mentions that India's economic growth is projected to exceed 8% in fiscal year 2025 according to industry group FICCI. Several reports also raised India's growth projections for the current fiscal year to between 6.7-7%.
- The document is intended to be uploaded on Balmer Lawrie's intranet and website every Monday to share recent news.
Weekly Media Update_19_02_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_19_02_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
The document provides a summary of recent news articles mentioning Balmer Lawrie and related topics. It includes reports that:
1) The IMF says the global economic outlook is gloomier than previously projected due to high inflation, China's slowing growth, and disruptions from the Ukraine war.
2) An analysis by Deloitte India estimates India will see 6.5-7.1% economic growth in the current fiscal year despite rising inflation and global slowdown risks.
3) The RBI estimates India's economy grew between 6.1-6.3% in the second quarter, putting annual growth on track to be around 7% for fiscal year 2023.
Moody's cuts India's 2020 GDP growth forecast to 5.4% from 6.6% previously due to the economic impact of the coronavirus outbreak. Wholesale inflation in India rose to 3.1% in January from 2.59% in the previous month due to higher food prices. The Government e-Marketplace portal has facilitated public procurement transactions worth Rs. 40,000 crore.
The document provides a weekly media update with news related to the Indian economy from various sources. Some key points from the articles:
1. The RBI said India's economy remains resilient and is on track to become the fastest growing in the world, despite global headwinds. Inflation is expected to moderate further if commodity prices remain stable.
2. Industrial production grew 19.6% in May, the highest in 12 months, boosted by a low base last year. However, retail inflation remained above 7% for the sixth month in a row in June.
3. While economic growth momentum is holding up, risks remain from global monetary tightening, geopolitical tensions, and rising prices.
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational GazzettBalmerLawrie
The Buddhist monk gathered his young students and told them to steal purses from wealthy people in the nearby city to raise money for their temple. All the students were uncomfortable with this except one boy. The boy realized there was no place he could steal without seeing himself, so he told the other students not to go. The monk was pleased with this boy, as he had wanted to teach the students a lesson about integrity.
The document then discusses events at Balmer Lawrie related to observing Vigilance Awareness Week and Constitution Day. It also summarizes new partnerships, projects, and training programs launched by various divisions of the company during this period.
The document provides information on various topics happening in India and at Balmer Lawrie & Co. Ltd. in February 2024. It discusses the upcoming Indian general elections, International Women's Day theme of inclusion, National Safety Day celebrations, regional new year festivals, and Balmer Lawrie business updates including new appointments, awards received, and events/conferences hosted. The newsletter aims to keep employees informed of company and national news and events on a monthly basis.
The document discusses Balmer Lawrie's celebration of various events in February 2024 and announcements. It summarizes that Balmer Lawrie celebrated its 158th Foundation Day on February 1st across India. It also announced positive third quarter results for FY2023-24 with increased profits. The 53rd National Safety Week will be observed from March 4th-10th with programs centered on safety leadership.
Daily Media Update - 26.02.2024. This document comprises news clips from vari...BalmerLawrie
Daily Media Update - 26.02.2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
Weekly Media Update_05_02_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_05_02_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
The document provides an overview of India's accomplishments in 2023 and upcoming events being celebrated in early 2024. Some key points:
- India successfully shouldered its G20 Presidency and launched various initiatives. Domestically, it achieved several milestones in space, rail, and sports.
- On January 26th, 2024, India will celebrate its 75th Republic Day.
- In early February 2024, Balmer Lawrie will celebrate its 158th Foundation Day with events being organized across various regions for employees and families.
Weekly Media Update_02_01_2024. This document comprises news clips from vario...BalmerLawrie
Weekly Media Update_02_01_2024. This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in.
The document provides an overview of the various awards and accolades received by Balmer Lawrie SBUs and functions in the past year for their work and achievements. It recognizes the contributions of different divisions in implementing official language policies, delivering excellent customer service, health and safety practices, and developing innovative logistics solutions. The summary also highlights key business partnerships, expansion of operations, and employee engagement initiatives undertaken during the period.
Weekly Media Update - December 26, 2023 - Balmer LawrieBalmerLawrie
This document provides a weekly media update comprising news related to the Indian economy from various sources. Key highlights include:
1) Domestic rating agency Icra revised India's FY24 GDP growth forecast upwards to 6.5% from 6.2% previously.
2) The IMF projected India's economy to grow at 6.3% in the current fiscal year and the next, supported by macroeconomic and financial stability.
3) Leading credit rating firm Fitch Ratings expects India's resilient economic growth will boost corporate demand. Several sectors are expected to see strong demand.
4) Parliament approved additional spending of Rs. 58,378 crore in the current fiscal to support programs like M
BLOG ISSUE 43 _ July 2023 - Quarterly House JOurnal of Balmer LawrieBalmerLawrie
This document provides an editorial and overview of the Balmer Lawrie Start-up Fund initiative. It discusses how Balmer Lawrie launched a Start-up Fund in 2017 aligned with the Government of India's Startup India initiative to promote entrepreneurship and innovation. It highlights how Balmer Lawrie has supported various startups over four rounds of funding. The document also provides updates on significant events at Balmer Lawrie, including new partnerships and handling of logistics for sports teams.
Balmer Lawrie - Weekly Media Update - Monday, 11.12.2023BalmerLawrie
This document provides a weekly media update from various Indian news sources. It summarizes key news related to the Indian economy from the past week, including:
- Nomura projecting India will be one of the fastest growing Asian economies in 2024.
- S&P Global Ratings forecasting India will become the world's third largest economy by 2030.
- The Finance Ministry stating India will become a $5 trillion economy early in the 'Amrit Kaal' period to 2047.
- The RBI keeping interest rates unchanged but raising its FY24 growth forecast to 7%.
The update covers news from several economic indicators such as GDP growth, inflation rates, industrial production, and assessments from
India's GDP is projected to surpass the US to become the world's largest economy by 2052, reaching $45 trillion according to a CLSA report. By 2027, India will surpass Japan to become the third largest economy. However, CLSA expects a slowdown in India's growth until September 2024 followed by a recovery in 2025. S&P Global Ratings also projects India's GDP growth to rise to 7% by 2026, higher than China's projected 4.6% growth. The OECD forecasts India's growth slowing to 6.1% in FY2025 from an estimated 6.3% in FY2024.
The document discusses the defeat of the Indian cricket team in the ICC Cricket World Cup 2023 final against Australia. It notes that while this was disappointing for Indian fans, important life lessons can be learned from setbacks like embracing challenges positively, valuing teamwork, and improving through reflection and learning. It also provides updates about Balmer Lawrie's financial performance, observance of Vigilance Awareness Week, and personnel changes and new recruits.
This weekly media update from Balmer Lawrie provides summaries of recent news articles related to the Indian economy, GOI policies and PSEs, and Balmer Lawrie's business sectors. Key articles discuss S&P raising India's FY24 growth forecast to 6.4% due to robust domestic demand, estimates that Q2 GDP growth will be 6.7-7% driven by services and government spending, and forecasts that FY24 will see strong economic growth and macroeconomic stability according to the Finance Ministry.
This document provides a weekly summary of media articles relevant to Balmer Lawrie and key industries. It includes several articles about Balmer Lawrie's financial performance, economic forecasts from rating agencies maintaining India's growth at 6-6.7% for 2023 and 2024 due to strong domestic demand, and industrial growth slowing to 3-month low of 5.8% in September impacted by unfavorable base effects and rainfall. It also summarizes articles on inflation coming under control, GDP growth estimates for Q2 seen above RBI's projection, and higher oil prices potentially pushing inflation higher for India in 2024.
- India's economy is projected to grow to $30 trillion by 2047, propelled by policy reforms by 2030, making India a developed nation in its 100th year of independence.
- NITI Aayog is finalizing a 'Viksit Bharat @2047' vision document outlining India's development goals for key sectors like agriculture, infrastructure, and technology.
- Air passenger traffic in India has surpassed pre-Covid levels for the first nine months of the current fiscal year, reaching 183.27 million passengers as of September.
13062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
1. (This document comprises news clips from various media in which Balmer Lawrie is mentioned, news
related to GOI and PSEs, and news from the verticals that we do business in. This will be uploaded on
intranet and website every Monday.)
Recovery cue in economy data
The economy seems to be getting back its vigour
with factories growing at a fast clip in December
and retail prices rising at a slower pace in January
than last month. Retail inflation eased in January
to 5.07 per cent — after touching a 17- month high
of 5.21 per cent in December — as food price rise
showed some moderation. The Index of Industrial
Production (IIP) showed the growth of 7.1 per cent
in December was mainly on account of an uptick
in the manufacturing sector, which constitutes
77.63 per cent of the index. It grew 8.4 per cent
in December last year compared with just 0.6 per
cent in December 2016. Capital goods, a
barometer of investments, showed a sharp
increase in output by 16.4 per cent in December
against a decline of 6.2 per cent a year ago. The
IIP had grown at 2.4 per cent in December 2016.
The growth for November 2017 was revised
upwards to 8.8 per cent from provisional
estimates of 8.4 per cent released last month.
Assocham said the domestic market would be the
driving force in the coming months. "While the IIP
growth eased sequentially in December 2017 and
was modestly lower than our expectation (8.0 per
cent), it nevertheless remained healthy at 7.1 per
cent, benefitting from the favourable base effect
that contributed to a double- digit growth of
capital goods and consumer non- durables," Aditi
Nayar, principal economist with Icra, said.
The Telegraph - 13.02.2018
https://epaper.telegraphindia.com/detail/167588
-15249722.html
Earnings Growth Rises to 6-Qtr High
India Inc. reported strong earnings growth in
the December 2017 quarter after declines in the
previous two quarters. This was largely
expected given the lower base effect due to
demonetisation in the year-ago quarter. What’s
more encouraging is that some analysts believe
that the momentum will continue in the coming
quarters. Improved sales volume, ability to
increase product prices to pass on higher input
costs, better project execution and increasing
order books are some of the factors that support
the optimism. In the December quarter, net
profit of a sample of 2,043 companies rose to a
six quarter high of 27.5% year-on-year. Net
sales rose by 11.5%. In the previous quarter,
sales had risen by 8.7%, while net profit had
fallen by 1%. The sample excluded banking and
finance companies. After excluding oil and gas
companies along with banks and finance
entities, sales and profit growth in the
December 2017 quarter was 8.8% and 25%,
respectively. The performance was driven by a
stellar show by consumer-focused businesses.
On the other hand, sectors including cement,
capital goods, IT, pharma, power, public sector
banks and private banks with high corporate
exposure and telecom continued to show stress.
The Economic Times - 15.02.2018
https://epaper.timesgroup.com/Olive/ODN/Th
eEconomicTimes/shared/ShowArticle.aspx?doc
=ETKM%2F2018%2F02%2F15&entity=Ar0090
3&sk=45569FC6&mode=text
Wholesale inflation slows to 6-mth low
of 2.8% in Jan
Wholesale price inflation slowed to a six-month
low in January as food and fuel prices moderated.
Data released by the commerce and industry
ministry on Thursday showed the annual rate of
inflation, based on the wholesale price index
(WPI), stood at 2.8% compared to 3.6% for the
previous month and 4.3% during the
corresponding month of the previous year. The
government revised the November WPI inflation
upwardly to 4% from previously announced 3.9%.
Food inflation slowed in January and rose an
annual 3%, slower than previous month’s 4.7%.
Fuel and power prices increased 4.1%, lower than
Exports Up 9% in Jan, Trade Deficit
Widens to 3-Yr High
India’s exports grew by 9% to $24.38 billion in
January, helped by a healthy growth in
shipments of chemicals, engineering goods and
petroleum products, even as the trade deficit
widened to an over three-year high. The trade
gap soared to $16.3 billion in January on
account of a 26.1% increase in imports to
$40.68 billion due to increased inbound
shipments of crude oil, according to data
released by the commerce ministry on
Thursday. The country’s trade deficit — the
difference between imports and exports — had
touched the figure of $16.86 billion in November
WEEKLY MEDIA UPDATE
Issue 333
19 February, 2018
Monday
2. previous month’s 9.2%. Vegetable prices also
softened (40.1%) compared to previous month’s
56.5%. Data released by the Central Statistics
Office (CSO) on Monday showed inflation, as
measured by the consumer price index (CPI), rose
an annual 5.1% in January, slower than previous
month’s 5.2%. Consumer food prices also cooled
(4.7%), slower than near 5% increase in
December. Housing prices remained firm and rose
8.3% during the month.
The Times of India - 16.02.2018
https://epaper.timesgroup.com/Olive/ODN/Times
OfIndia/shared/ShowArticle.aspx?doc=TOIKM%2
F2018%2F02%2F16&entity=Ar01803&sk=FBB13
8BE&mode=text
2014. The trade deficit in January last year
stood at $9.90 billion. “Exports have been on a
positive trajectory since August 2016 to January
2018 with a dip of 1.1% in the month of October
2017,” the ministry said in a statement.
Cumulative value of exports for April-January
2017-18 grew by 11.75% to $247.89 billion as
against $221.82 billion in the year-ago period.
Imports during the ten-month period of the
current fiscal amounted to $379 billion as
against $310 billion, a growth of 22.21%.
The Economic Times - 16.02.2018
https://epaper.timesgroup.com/Olive/ODN/Th
eEconomicTimes/shared/ShowArticle.aspx?doc
=ETKM%2F2018%2F02%2F16&entity=Ar0130
7&sk=4D612629&mode=text
Centre to change base year for GDP, IIP
to 2017-18
The government will change the base year to
2017-18 for the calculation of GDP and IIP
numbers while for retail inflation the year will be
revised to 2018, Union minister D V Sadananda
Gowda said today. "During 2018-19, the ministry
is proposing to initiate steps to revise the base
years of gross domestic product (GDP), Index of
Industrial Production (IIP) and Consumer Price
Index (CPI) to accommodate and factor the
changes that take place in the economic scenario
of the country," the statistics and programme
implementation minister said at a conference on
budget provisions. The statistics ministry has
proposed the new base year for GDP and IIP as
2017-18 while for CPI it will be 2018. Gowda said
the ministry will undertake various steps in the
next fiscal beginning April that will improve the
statistical system that will help meet the data
requirements in the emerging socio-economic
scenario. The Ministry of Statistics and Programme
Implementation (MOSPI) has been allocated Rs
4,859 crore in the Union Budget 2018-19.
The Economic Times - 15.02.2018
https://economictimes.indiatimes.com/news/eco
nomy/indicators/centre-to-change-base-year-for-
gdp-iip-to-2017-18/articleshow/62930897.cms
Independent Directors may be held
more accountable
The government wants to create a mechanism
to make independent directors more
accountable and ensure that they are
discharging their duties. The Ministry of
Corporate Affairs is considering provisions in the
Companies Act to measure compliance by
independent directors. “Independent directors
are so central to better corporate governance.
As a nation of half a million independent
directors, a strong system should be in place,”
a senior government official told ET. “There is
so much reliance on this entity as a separate
class of directors and no one is looking at their
code of conduct,” the official said. The ministry
could designate an institution for maintaining a
database for independent directors of listed
companies and describe the eligibility criteria
and indexation method for them. It could also
serve as a reporting mechanism for
independent directors for listed companies.
“Independent directors (IDs) are supposed to
keep an eye on the board, flag non-promoter
group issues. Many IDs have no idea about their
role and responsibilities. He should know
everything about disclosures, related-party
transaction, etc.,” the senior official said.
The Economic Times - 19.02.2018
https://epaper.timesgroup.com/Olive/ODN/Th
eEconomicTimes/shared/ShowArticle.aspx?doc
=ETKM%2F2018%2F02%2F19&entity=Ar0130
5&sk=56796022&mode=text
As usual, profitable PSUs may pay higher
dividends
Often trailing their privately owned peers for most
of the year, stocks of government companies
become star buys as the financial year draws to a
close. The reason? Dividends. Historically,
February and March have seen companies pay
Delisting of some Sick CPSEs likely for
better valuation
The government may delist some loss-making
enterprises as it expects them to fetch a better
valuation during strategic sales. Besides, there
isn’t much trading in the shares of some of
these companies, making it difficult to bring
3. higher dividends. With North Block needing to
balance its books, high dividend budgets and cash
in hand make profitable PSUs the best bets in the
spring. This year, Coal India and Hindustan Zinc
may give higher than expected dividends in the
next two months. In the first ten months of the
fiscal, the government has received only 5% of the
budgeted dividend income for 2017-18. Coal
India, ONGC, Hindustan Zinc (HZL), NMDC and
NALCO together accounted for more than half of
the government’s dividend income last year.
However, with the recent ONGCHPCL merger and
capex requirements of Nalco and NMDC, the
burden will likely be on Coal India and HZL.
Although promoted by Anil Agarwal, the
government still owns about 30% of HZL. It has
been paying heavy dividends for the last two years
– dividend pay-out ratio was 150% and 144% in
the last two fiscals.
The Economic Times - 15.02.2018
https://epaper.timesgroup.com/Olive/ODN/TheEc
onomicTimes/shared/ShowArticle.aspx?doc=ETK
M%2F2018%2F02%2F15&entity=Ar01006&sk=A
D2615A3&mode=text
down the government’s holding to 75% as
required. A senior government official
confirmed that three-four central public sector
enterprises (CPSEs) are being considered for
delisting but didn’t reveal any names. The
Securities and Exchange Board of India (Sebi)
has mandated a minimum 25% public float for
all listed companies. State owned firms have to
meet this deadline by August 2018, following a
second extension for public sector units, which
had been given three years to meet the norm.
Some of the companies in which the
government holding continues to be around
90% or more include Fertilizers and Chemical
Travancore Ltd (FACT), Andrew Yule &
Company Ltd and HMT Ltd. FACT and HMT are
loss-making companies. Scooters India, in
which the government holds a 93% stake, made
a Rs. 10.28 crore net loss in FY17 after three
years of profits.
The Economic Times - 13.02.2108
https://epaper.timesgroup.com/Olive/ODN/Th
eEconomicTimes/shared/ShowArticle.aspx?doc
=ETKM%2F2018%2F02%2F13&entity=Ar0130
2&sk=19468FB6&mode=text
Eight PSUs including HAL, RITES to hit
capital markets next fiscal: DIPAM
Secretary
As many as 8 public sector companies, including
Hindustan Aeronautics and RITES, will hit the
capital markets next fiscal as the government
intends to unlock the real value of PSUs and bring
in greater accountability. Department of
Investment and Public Asset Management
(DIPAM) Secretary Neeraj Gupta said these initial
public offerings (IPO) will be done in a "staggered
manner" depending upon the size of the issuance.
"Eight companies are at different stages of
preparation (for an IPO) and will enter market at
an appropriate time," Gupta told PTI. Of these,
HAL has already secured market regulator Sebi
nod for floating an IPO. The government plans to
sell 10 per cent stake in the defence PSU. Besides,
four PSUs -- RITES, IREDA, Bharat Dynamics and
Midhani -- have filed their draft papers with Sebi
and are awaiting its go-ahead to launch public
issue. Through RITES IPO, the government plans
to sell 12 per cent stake to raise an estimated Rs
600 crore. The government will sell 13.90 crore
shares in Indian Renewable Energy Development
Agency (IREDA), while 12 per cent and 25 per cent
would be sold in defence PSUs Bharat Dynamics
and Mishra Dhatu Nigam (MIDHANI), respectively.
The Economic Times – 19.02.2018
https://economictimes.indiatimes.com/markets/s
tocks/news/eight-psus-including-hal-rites-to-hit-
capital-markets-next-fiscal-dipam-
secretary/articleshow/62968267.cms
India to get $25 billion investments in
oil and gas E&P by 2022: DGH
India will attract about $25 billion investments
in oil and gas exploration and production by
2022, Atanu Chakraborty, director general,
Directorate General of Hydrocarbons (DGH)
said. “Of these, about $22 billion worth of
investments have already received necessary
technical approvals. We are expecting another
$3-4 billion investments from auctions under
open acreage licensing programme (OLAP),” he
said. India’s total oil and gas production was
65.1 million metric tonnes of oil and oil
equivalent in 2016 and the DGH’s plans are in
lines with the government’s vision to reduce the
country’s import dependency in oil and gas by
10% by 2022, he added. India is the third
largest consumer of oil in the world and the
country’s total consumption of oil and oil
equivalent was 257.8 MMT in 2016. The
government plans to take India’s production to
more than 100 MMT of oil and oil equivalent by
2022, said a senior DGH official who did not
wish to be named. Chakraborty, along with
senior government officials was in Ahmedabad
on Thursday to conduct a workshop on OLAP
which was attended by representatives of E&P
companies, investors and entrepreneurs.
Mint - 16.02.2018
http://www.livemint.com/Industry/oTzbdgsygg
O9kLIli4a2sK/India-to-get-25-billion-
investments-in-oil-and-gas-EP-by-2.html
4. A year into OPEC's production cuts,
Asia's oil markets have tightened
Just over a year into production cuts lead by OPEC
and Russia, oil markets in Asia have tightened
noticeably as significant amounts of excess crude
have been taken off tankers used for storage and
delivered to customers across the region. Shipping
data shows about 15 super-tankers are currently
filled with oil floating off the coasts of Singapore
and surrounding Malaysia, Asia’s main trading and
storage hub for crude coming from the Middle East
to Asia. That’s slightly less than last November,
and half the number of tankers used for storage in
mid-2017. Traders say onshore tanks in the
region, including at Vopak’s site in Johor,
Malaysia, are also not booked out any more,
marking a turnaround from 2016/17 when a
situation known as tank-top was feared in which
oil markets are so bloated that they run out of
storage. The fall in storage is a sign production
restraint started by the Organization of the
Petroleum Exporting Countries (OPEC) and allies
including Russia in January 2017 is having the
intended effect of reducing a global glut. The main
impact of OPEC withholding supplies has been to
change the structure of the oil price curve.
Reuters - 16.02.2018
https://www.reuters.com/article/us-asia-oil/a-
year-into-opecs-production-cuts-asias-oil-
markets-have-tightened-idUSKCN1FZ0IR
India set to buy more oil from Iran
Iranian President Hassan Rouhani’s visit
appears to have smoothed the creases in
bilateral energy ties that had developed over
the delayed Farzad-B gas field deal, with both
sides going back to the negotiating table as well
as New Delhi agreeing to buy more Iranian
crude and Tehran reciprocating by offering
“good incentives”. Looking beyond Farzad-B,
India also used the newfound bonhomie created
by Rouhani’s visit to seek stake for its state-run
companies in Iran’s South Azadigan oil field to
transform their crude buyer-seller relationship
into that of strategic investors in each other’s
oil economy. After a meeting between oil
minister Dharmendra Pradhan and his Iranian
counterpart, Bijan Namdar Zanganeh, on
Saturday, both sides were brimming with
positive vibes. “I am very optimistic about the
future of the relationship between the two
countries and our companies, especially for
developing oil and gas fields,” Zanganeh told
reporters after his meeting. He also expressed
optimism on the signing of an agreement
awarding development rights for Farzad-B to
ONGC Videsh Ltd, which had discovered the
field a decade ago.
The Times of India - 18.02.2018
https://epaper.timesgroup.com/Olive/ODN/Ti
mesOfIndia/shared/ShowArticle.aspx?doc=TOI
KM%2F2018%2F02%2F18&entity=Ar01019&s
k=A03995BE&mode=text
India's oil imports from Iran down 10.7
percent y/y
India shipped in 10.7 percent less oil from Iran in
January than a year earlier as the nation boosted
purchases from Iraq, ship-tracking data from
sources and data compiled by Thomson Reuters
Oil Research & Forecasts showed. About 495,000
barrels per day (bpd) of oil from Iran were
imported by India in January, a decline of about
3.4 percent from the previous month, the data
showed. For April-January, the first ten months of
the financial year, India imported about 17
percent less oil from Iran at about 442,800 bpd,
the data showed. Indian state-refiners last year
decided to reduce intake of Iranian oil after Tehran
decide to award a giant gas field to a Russian
company. India's overall oil imports in January
rose 13.6 percent from a year earlier to 4.9 million
bpd. Increased purchases from Iraq lifted imports
from the Middle East while imports from Latin
America and Africa declined, the data showed. The
table shows India's oil imports by country,
according to tanker arrival and Thomson Reuters
data.
Private Indian refiners likely to get
stake in crude oil reserves
The government is planning to take private
Indian refiners as partners for the next phase of
building strategic crude oil reserves. The
project, estimated to cost Rs 100 billion, is likely
to be done on a public-private partnership
mode. Private refiners Reliance Industries and
Essar might join hands with the government to
build and run these reserves. According to a
person close to the development, Cabinet
clearance would be required to take private
refiners as partners. Indian Strategic Petroleum
Reserves (ISPRL), that runs these underground
caverns, has already received interest from
some of these companies. “Such storage
capacities will help private players to minimise
the risk of volatility in international crude prices.
There could also be swapping of crude oil by
private companies, if required,” said an industry
official. India has oil stored in three
underground rock caverns at Visakhapatnam
(1.33 million tonnes), Mangaluru (1.5 mt) and
Padur (2.5 mt). The second phase is to come up
5. The Times of India - 16.02.2018
https://timesofindia.indiatimes.com/business/indi
a-business/indias-oil-imports-from-iran-down-10-
7-pct-y/y-trade/articleshow/62936421.cms
at Chandikhol in Odisha and through an
extension in Padur.
Business Standard - 19.02.2018
http://www.business-
standard.com/article/economy-policy/private-
indian-refiners-likely-to-get-stake-in-crude-oil-
reserves-118021900017_1.html
India's finished steel export slides over
30% in January
India's export of finished steel shrank by over 30
per cent to 0.616 million tonnes (MT) during
January 2018, according to the government's Joint
Plant Committee (JPC). The country had exported
0.890 MT of finished steel during the same month
a year ago. Exports should account for 6-7 per
cent of India’s total steel production in the next
few years, up from the 1.5 per cent at present,
Union Steel Minister Chaudhary Birender Singh
had earlier said. The import of finished steel too
fell by 44.5 per cent to 0.335 MT in January 2018
from 0.604 MT during January 2017. In spite of a
drop in exports number as well as imports, India
managed to maintain its position as a net exporter
of finished steel. "India was a net exporter of total
finished steel in January 2018 as also during April-
January 2017-18," the JPC said. However, for
April-January 2018, the data compiled by the JPC
-- the only organisation to maintain a record on
steel and iron sector -- shows a rise 40.2 per cent
at 8.22 MT, as against 5.86 MT of finished steel
exported during the same period in the ten-month
period a year ago.
The Economic Times - 19.02.2018
https://economictimes.indiatimes.com/news/eco
nomy/foreign-trade/indias-finished-steel-export-
slides-over-30-in-
january/articleshow/62968377.cms
Crude steel output melts 0.4% to 8.77
mt in January
The country's crude steel production declined
marginally by 0.4 per cent to 8.77 million tonne
(MT) in January 2018, according to official data.
India had produced 8.81 MT of crude steel in
January 2017. The output in January this year
was lower 0.2 per cent month-on-month.
However, the total output of crude steel during
April- January 2017-18 at 84.42 MT shows a
growth of 4.2 per cent as compared to 81.08 MT
produced during the same period a year ago.
The report by Joint Plant Committee (JPC)
under the steel ministry further said overall
production for sale of total finished steel in
January 2018 was at 9.54 MT, up 5.7 per from
the year-ago period. During April-January
2017-18, production for sale of total finished
steel stood at 88.59 MT, up 5.3 per from the
year-ago period, it said. The overall hot metal
production in January 2018 (5.74 MT) was up
6.2 per cent year-on-year and higher 0.6 per
cent month-on-month. During April-January
2017-18, hot metal production was 55.21 MT, a
growth of 2.1 per cent over the same period of
last year. India is the third largest producer of
crude steel in the world after China and Japan.
Millennium Post - 13.02.2018
http://www.millenniumpost.in/business/crude-
steel-output-melts-04-to-877-mt-in-january-
284756
Domestic Air Travel Up 20% in Jan
Indian airlines registered about 20% growth in
domestic passengers during the month of January,
shows passenger data released by the Directorate
General of Civil Aviation (DGCA) on Friday. Data
shows that airlines carried 11.4 million passengers
during the month over 9.5 million carried during
the same period last year. On the back of the
increase in number of passengers travelling during
the month, all key scheduled carriers flew its
planes with over 80% of their seats full. Gurgaon
based SpiceJet continued to maintain its pole
position on the load factor front by flying its planes
95% full followed by GoAir, which flew its planes
with 90% seats full. IndiGo and Jet Lite both came
third by flying their planes with 89.7% seats full.
“A lovely start for Indian aviation in 2018. January
records a growth rate of 20%. We continue to be
Government transforming aviation
sector: Narendra Modi
The government is transforming the aviation
sector and focusing on providing connectivity
and making air travel affordable, Prime Minister
Narendra Modi said today. "Our aviation sector
is growing tremendously. This makes quality
infrastructure in the aviation sector important.
Our government brought an aviation policy that
is transforming the sector," he said. "Aviation
will also boost the tourism sector in the
country," Modi said at an event in Navi Mumbai
after performing the ground-breaking ceremony
of Navi Mumbai International Airport and
dedicating the 4th container terminal at
Jawaharlal Nehru Port Trust to the nation.
"Around 450 aircraft are now operational in
India, including those owned privately. This is
6. the fastest growing aviation market in the world,”
aviation minister Ashok Gajapati Raju tweeted. In
terms of operating flights in time, Jet Airways
performance was the worst among all carriers for
the fourth consecutive month. While Jet operated
62.4% of its flights in time, IndiGo topped the list
by operating 75.4% of its flights in time
The Economic Times - 17.02.2018
https://epaper.timesgroup.com/Olive/ODN/TheEc
onomicTimes/shared/ShowArticle.aspx?doc=ETK
M%2F2018%2F02%2F17&entity=Ar00419&sk=2
0FEE396&mode=text
the figure since Independence. However, just
within last one year, there have been orders for
900 new planes," Modi said. Modi stressed the
need to enhance aviation infrastructure capacity
to meet the rising demand for air travel. The
Sagarmala project for port development is
ushering not only development of ports but also
port-led development, Modi said.
The Economic Times - 19.02.2018
https://economictimes.indiatimes.com/news/p
olitics-and-nation/government-transforming-
aviation-sector-narendra-
modi/articleshow/62972292.cms
Civil aviation in India: Flying high despite
Glitches
The civil aviation sector in India, in 2017, came on
primetime news for all the wrong reasons. There
were two main issues that were highlighted in the
print and electronic media. One was the strategic
disinvestment of Air India while the other was on
the incidents of clashes between the passengers
(some high profile ones) and the airlines crew. But
the good news which is yet to capture the public
eye is the rapidly increasing size and growth of the
sector. According to the Director General of Civil
Aviation (DGCA), the first 11 months of 2017,
recorded 10.6 crore people who flew within the
country compared to 9.9 crore during the whole of
2016, improving further when the December 2017
value gets added. In fact, there could be a better
rise, in view of the fact that the November 2017
passenger count of domestic travellers recorded a
phenomenal growth of 17 per cent over its
corresponding figure for November 2016. While
these statistics can be considered healthy, there
are skeptics who suspect base effect as the reason
for such a growth in November 2017 because of
November 2016 being the famous ‘demonetisation
month’. But such skepticism is unwarranted as the
Government of India’s official figures, released at
the end of December 2016 did specify that
demonetisation had very little, if at all any, effect
on air travel.
The Pioneer - 18.02.2018
http://www.dailypioneer.com/sunday-
edition/agenda/miscellany/civil-aviation-in-india-
flying-high-despite-glitches.html
Tourism Industry Bets Big on
Expansion in Outbound Travel
Tour operators and travel service providers in
India are betting big on an expansion in
outbound travel, although New Delhi still trails
other Asian hotspots in tourist arrivals. Besides
the metros, visa and other travel services
providers like VFS Global, BLS International and
Cox & Kings Global Services are expanding their
reach to other cities across the country. It also
helps that many countries have simplified the
visa processes for Indian travellers over the
past few years. “Globally, the year 2017 saw us
add eight new client governments to our
portfolio, of which three (Georgia, Algeria and
Ukraine) signed on for services in India as well.
In India, we processed over 4.5 million visa
applications and opened centres in Pune, Kochi,
Jalandhar, Ahmedabad, Chandigarh, Jaipur and
Puducherry,” said Vinay Malhotra, COO, middle
East and South Asia at VFS Global. Karan
Anand, head of relationships at Cox & Kings,
said globally different countries are looking
toward Indian travellers to drive growth of their
tourism markets and are simplifying their visa
processes. The easing of travel requirements
and better air connectivity have led to more
Indians going overseas.
The Economic Times - 16.02.2018
https://epaper.timesgroup.com/Olive/ODN/Th
eEconomicTimes/shared/ShowArticle.aspx?doc
=ETKM%2F2018%2F02%2F16&entity=Ar0080
0&sk=0ED4B5D8&mode=text
Airlines to pay for overbooking: DGCA
Aviation regulator DGCA has told Delhi High Court
that it does not permit the practice of overbooking
of flights and airlines are liable to compensate the
passengers who are denied boarding despite
having confirmed tickets. Air India conceded
before the court that not permitting a passenger
holding confirmed tickets to board a flight would
amount to deficiency of service and the consumer
PM Modi opens Rs 7,900 crore 4th
terminal at JNPT
Prime Minister Narendra Modi on Sunday
dedicated the first phase of the Rs 7,900-crore
4th terminal project of the JNPT to the nation,
which will raise the cargo handling capacity of
the nation's largest container port by 50 per
cent. The fourth terminal project seeks to
double JNPT's capacity to nearly 10 million
7. had the right to seek compensation. After noting
the unequivocal stand of the Directorate General
of Civil Aviation (DGCA) and Air India, Justice
Vibhu Bakhru said it was not necessary to examine
the question whether the aviation regulator had
the jurisdiction to issue civil aviation regulations
(CAR) on the issue. The replies of the DGCA and
Air India came on a petition filed by a person
questioning a 2010 CAR issued by the regulator
that recognises the concept of overbooking by
airlines. The petitioner claimed that the CAR allows
overbooking of flights, which should not be
permitted. The court said a plain reading of the
CAR provision relating to denied boarding
indicated that the DGCA had recognised that
certain airlines followed the practice of
overbooking.
The Telegraph - 16.02.2018
https://www.telegraphindia.com/india/airlines-
to-pay-for-overbooking-dgca-208744
standard container units and will make it the
33rd biggest port globally. In contrast, the
global export powerhouse China already has 15
ports with over 20 million TEUs capacity. The
nation's largest port JNPT has a capacity of 4.8
million standard container units capacity now
and with this inauguration 2.4 million standard
container units are added. On completion of the
second phase by 2022, which will also have a
capacity of 2.4 million standard container units,
total capacity will go up to almost 10 million.
Inaugurating the first phase of the fourth
terminal of the JNPT, to be operated by the
Singapore Ports, through a remote control,
Modi, who also laid the foundation stone for the
first phase of the Rs 16,700-core Navi Mumbai
international airport here, said his government
is focusing on port-led development.
The Times of India - 18.02.2018
https://timesofindia.indiatimes.com/india/pm-
modi-opens-rs-7900-crore-4th-terminal-at-
jnpt/articleshow/62971024.cms
India, Iran Sign Lease for Chabahar Port
Operations
In a major development, India and Iran on
Saturday signed a lease for the Shahid Beheshti
Port at Chabahar between Iran’s Port and Maritime
Organisation and India Ports Global Limited,
besides inking a slew of 12 other pacts across
areas like trade promotion, agriculture, medicines
and easy travel. Chabahar Port lies just 90 km
from the China built Gwadar Port in Pakistan and
gives India a strategic foothold in the region. The
project in south-eastern Iran is significant as it
gives a transit route between India, Iran and
Afghanistan, bypassing Pakistan. It will also give
India transit to Central Asia, Russia and other
parts of Eurasia. Besides, Iran agreed to convene
a meeting in the near future to operationalise
INSTC. India and Iran also agreed to expand
counterterror cooperation as both agreed that
conditions that give rise to extremist ideologies
must be addressed as well as states that support
terror must be condemned. As per the agreement
on Chabahar, Iran is leasing to India a part of the
area of the multipurpose and container terminal
for 18 months to take over operations of existing
port facilities in the first phase of the port
development project.
The Economic Times - 18.02.2018
https://epaper.timesgroup.com/Olive/ODN/TheEc
onomicTimes/shared/ShowArticle.aspx?doc=ETM
%2F2018%2F02%2F18&entity=Ar00212&sk=EB
E68E8D&mode=text
Cargo traffic at 12 major ports up
4.58% at 561 MT in Apr-Jan
Buoyed by a demand revival, India's 12 major
ports witnessed a 4.58 per cent rise in cargo
traffic at 561 million tonnes (MT) during April-
January of this fiscal, according to ports' body
IPA. These top ports had handled 536.41 MT
cargo during the corresponding 10-month
period of the last fiscal, as per the latest data
by the Indian Ports Association (IPA). The
growth in the cargo traffic was mainly attributed
to increase in handling of coal, mainly coking
coal, containers and petroleum, oil and
lubricants (POL). POL traffic grew by about 8 per
cent during the period under review while
containers saw cargo traffic growth of more
than 7 per cent. Coking coal traffic volumes
grew to 42.63 MT during the ten-month period
as against 39.46 MT in the corresponding
months of the previous fiscal. Kandla port
handled the highest traffic volume at 90.98 MT
during the April-January period of the current
fiscal followed by Paradip Port at 84.57 MT,
JNPT Port at 54.51 MT, Mumbai at 52.70 MT and
Visakhapatnam at 52.44 MT, the IPA said.
Chennai port handled 43.57 MT of cargo while
Kolkata Port, including Haldia handled 47.08 MT
of cargo.
Business Standard - 19.02.2018
http://www.business-standard.com/article/pti-
stories/cargo-traffic-at-12-major-ports-up-4-
58-at-561-mt-in-apr-jan-
118021800105_1.html
8. Exporters Ask for Clarity on e-way Bill in
Letter to Finance Ministry
Exporters have sought clarity from the
government on the functioning of the e-way bill
when goods move from dry ports to sea ports for
export and when they move between special
economic zones within the same state. Exporters
have shot off a letter to the finance ministry
seeking clarity on a number of issues so as “to
avoid problems at a later stage” at a time when
the RBI pointed out that the implementation and
refund delays under the Goods and Services Tax
(GST) regime seem to have led to working capital
constraints for companies, which in turn might
have hurt their exports in October 2017. Days
after the government deferred the roll out of the
e-way bill due to technical glitches, exporters
asked if any exemption in customs clearance
would be given to goods when they move from
inland container depots to ports on the lines of
such relief given to imports. A similar leeway has
been given to imports when goods move from
ports, airports, air cargo complex and land
customs stations to an inland container depot or a
container freight station. “This may be looked into
so as to facilitate exports,” said Ajay Sahai,
director general, Federation of Indian Export
Organisations (FIEO).
The Economic Times - 14.02.2018
https://epaper.timesgroup.com/Olive/ODN/TheEc
onomicTimes/shared/ShowArticle.aspx?doc=ETK
M%2F2018%2F02%2F14&entity=Ar01310&sk=D
B160E28&mode=text
Liquid cargo terminal in Haldia
The Calcutta Port Trust has signed a concession
agreement with a private player to set up a
liquid cargo handling terminal at Haldia for Rs
172.5 crore. To be developed over the next
three years, the terminal will facilitate the
movement of petroleum cargo such as LNG, LPG
as well as vegetable oil. The new facility will
come up at Shalukhkhali, where a second dock
system was being planned at one stage.
Hooghly Oil & Gas Terminal Pvt Ltd, a wholly
owned subsidiary of IMC Ltd, will set up the
jetty on a public- private- partnership basis.
According to a master plan prepared by the
port, the liquid cargo handling (POL, vegetable
oil and chemicals) has been projected to handle
16.4 million tonnes by 2020 and 20 million
tonnes by 2025. The proposed terminal is
expected to augment the liquid cargo handling
capacity of Haldia by at least 2.5 million tonnes
per year. It is also expected that the project will
encourage investment towards the
development of storage and distribution
facilities of LPG and LNG in particular on CPT
land in Shalukkhali and other locations of Haldia
Dock Complex as well as the state government's
land in the vicinity.
The Telegraph - 16.02.2018
https://epaper.telegraphindia.com/detail/1682
70-153623928.html
J C Nakra takes over as CMD of Engineers
India
J C Nakra has assumed charge as Chairman &
Managing Director of Engineers India Ltd (EIL)
w.e.f. February 12, 2018. In a career spanning
over 36 years, Nakra has worked in a wide array
of domains including Projects, Construction &
Marketing. He joined EIL in 1983 in Construction
Division (Offshore). Subsequently, he served in
various capacities in Marketing and Project
Divisions. Nakra has steered the Marketing
initiatives of EIL for business development in India
and abroad and has also led Project teams for
implementation of major projects. Nakra
possesses a Post-Graduate Diploma in
Management Studies from Jamnalal Bajaj Institute
of Management Studies, Mumbai.
Millennium Post - 13.02.2018
http://www.millenniumpost.in/business/j-c-
nakra-takes-over-as-cmd-of-engineers-india-
284759
B V Rama Gopal takes over as IndianOil
Director (Refineries)
B V Rama Gopal has taken over as Director
(Refineries) on the Board of Indian Oil
Corporation Ltd. (IndianOil) with effect from
February 12, 2018. Earlier, he was Executive
Director (In-Charge) of the Company's Panipat
Refinery & Petrochemicals Complex. Rama
Gopal joined IndianOil in 1982 as a Graduate
Engineer Trainee, and has since worked at
various refinery locations, including Haldia,
Vadodara, Mathura and Panipat. His experience
spans several specialised areas of the oil & gas
sector like Operations, Technical Services,
Production, Planning & Coordination and Project
Implementation.
Millennium Post - 13.02.2018
http://www.millenniumpost.in/business/b-v-
rama-gopal-takes-over-as-indianoil-director-
refineries-284753
9. NTPC-Farakka gets new GGM
Kunal Gupta has taken over as Group General Manager of 2100 MW Farakka Super Thermal Power
Station of NTPC Limited with effect from February 10, 2018. An Electrical Engineer by profession, Gupta
was the Group General Manager of NTPC Kayamkulam. Gupta started his career in NTPC as Executive
Trainee in 1981 and was regularised at Korba and posted in Electrical Maintenance Department.
Millennium Post - 14.02.2018
http://www.millenniumpost.in/business/ntpc-farakka-gets-new-ggm-284936