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Hon’ble Governor of Odisha Professor GaneshiLal lays foundation stone for BPCL’s Second Generation Ethanol Bio-Refinery at Bargarh, Odisha

The Foundation Stone for Second Generation (2G) Ethanol Bio-Refinery of Bharat Petroleum Corporation Limited, which is being set up at Baulasingha Village, Bhatli Tehsil, Bargarh district, Odisha, was laid today by His Excellency, Governor of Odisha, Professor GaneshiLal, in the presence ofShriDharmendraPradhan Honorable Union Minister of Petroleum & Natural Gas and Skill Development &Entrepreneurship, ShriPrafulla Kumar Mallik, Hon’ble Minister for ...

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CCI decides another Lesser Penalty case in respect of cartelisation in Indian Zinc-Carbon Dry Cell Batteries Market 

The Competition Commission of India (‘CCI’) passed a final order imposing penalty on Panasonic Energy India Co. Limited (‘Panasonic’) and Geep Industries (India) Private Limited (‘Geep’) for colluding to fix prices of zinc-carbon dry cell batteries in India. In respect of Panasonic, CCI granted 100 percent reduction in penalty by invoking the provisions of Section 46 of the Competition Act, ...

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NALCO announces record 114% dividend amounting to Rs. 1102 crore for 2017-18, highest ever since inception

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1102 crore – an increase from 56 % in 2016-17 to a whopping 114 % in 2017-18, which works out to Rs 5.70 per equity ...

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Dredging Corporation of India Limited Announces 20% Dividend for 2017-18 

The Dredging Corporation of India Limited has declared  a 20% dividend on the paid up capital of Rs.28 Crore for the year 2017-18. A cheque of Rs. 4,11,44,026  (Rs. 4.11 Crore ) was handed over to Shri Nitin Gadkari,  Minister of Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation by Shri Rajesh Tripathi, CMD, DCI  in ...

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Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley

The Committee constituted by Government of India in July 2018  to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to promote better corporate compliance, has submitted its report here today. The report was presented to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley by Secretary, Ministry of Corporate ...

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JSPL Foundation announces two scholarship programmes

JSPL Foundation, the CSR Arm of Jindal Steel & Power Ltd (JSPL), has announced two scholarship programme – OP Jindal Star and OP Jindal Jewel – for economically weaker meritorious students from the vicinity area of its operations across India, including Angul, Barbil and Tensa in Odisha. Through the Scholarship programmes, to be launched on 88th Birth Anniversary of Shri ...

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2,25,910 companies under scanner of MCA for not filing returns for Year 2015-16 & 2-16-17

Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non- filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall be followed ...

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NALCO CMD bats for MSMEs: Chartered Accountants to support MSMEs in tax compliances

India is all set to emerge as the third largest economy of the world with a quantum jump in its GDP by 2030. The role of the Chartered Accountants in this context is very crucial,” said Dr. Tapan Kumar Chand, CMD of Navratna NALCO. He was addressing the gathering of Chartered Accountants from across the country during the National CA ...

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Net Profit of Coal India Limited 

The Profit after Tax of Coal India Limited (Consolidated) for 4thquarter of FY 2017-18 was Rs 1295.34 crores as against Rs2718.80 crores in the corresponding 4th quarter of FY 2016-17 registering a decline of Rs 1423.46 crores which is around 52%. The major reason for dip in net profit was on account of impact of past service cost of Rs 7384.37 ...

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Managing Business Risks in Uncertain Times

  With its vast natural resources, Odisha is ranked as a top investment destination of India, yet the State remains one of the most backward States of India along with other eastern States of Jharkhand, Bihar and Chhatisgarh. Such contradictory situation can be explained by number of causative factors including low levels of entrepreneurship, risk averse mind set and non-application ...

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