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Ministry of Corporate Affairs revises threshold limits for value of Assets and Turnover for purposes of combination filings under Competition Act, 2002 as a step towards ‘Ease of doing Business’

The Ministry of Corporate Affairs has revised the existing threshold value of assets and turnover mentioned under Section 5 of the Competition Act, 2002 (the ‘Act’). Earlier, the threshold limits prescribed under Section 5 of the Act were revised in year 2011 vide notification S. O. No. 480 (E) dated 4th March 2011. Subsequently, the threshold limits were reviewed and revised ...

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Measures by Government shall lead to three-fold increase in Natural Gas consumption by 2030: Petroleum Minister Hardeep S Puri

In a significant stride towards achieving 100% coverage of country’s area for the development of City Gas Distribution (CGD) network, the Petroleum and Natural Gas Regulatory Board (PNGRB) hosted a Concluding Ceremony for the 12th CGD Bidding Round here today. The event was inaugurated by Shri Hardeep Singh Puri, Minister for Petroleum and Natural Gas & Housing and Urban Affairs, ...

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Coal India Limited Signs MoU with Indian Institute of Managements (IIM) to boost PM’s mission Gati Shakti

The Coal India Limited entered into a Memorandum of Understanding (MoU) with Indian Institute of Managements (IIM) Mumbai and Sambalpur, today, i.e., 1st March, 2024, marking a crucial step in multimodal connectivity infrastructure for coal transportation in alignment with the PM Gati Shakti National Master Plan 2021.   The collaboration, through a Memorandum of Understanding (MoU) signed between the two ...

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ODISHA THE LAND OF OPPORTUNITIES

 A 3600 APPROACH Odisha has become a destination for investors and entrepreneurs from across the globe to create value for all the stakeholders (business, community, working class) by leveraging several advantages that Odisha offers. The state has industry-friendly policies, enabling infrastructure, and ensures swift and agile administration to enriching experience for the industry players. The state has been able to ...

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South Eastern Coalfields Ltd Plans to Develop Solar Power Projects of 600 MW

South Eastern Coalfields Ltd (SECL), one of the largest coal-producing subsidiaries of Coal India Ltd, will be developing rooftop and ground mounted solar power projects of 600 MW capacity in the coming years as part of the company’s strategy to expand and diversify its business and achieve the “Net Zero Energy” goal. The strategy is in line with the larger ...

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NALCO surpasses past production records, posts Net Profit of Rs. 1544 crore and Clocks all time High Revenue from Operations at Rs.14, 255 crore in FY 22-23

National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of India,has reported robust performance across all its business units, with best-ever annual production and sales during the Financial Year 2022-23. According to the financial results, taken on record in the Board of Directors meeting held today, NALCO has posted a net profit of Rs. 1544 ...

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1,67,080 companies registered in FY 2021-22 as compared to 1,55,377 in FY 2020-21

Limited Liability Partnership (LLP) and Companies are incorporated under the Ministry of Corporate Affairs as per the provisions of LLP Act, 2008 and Companies Act, 2013. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Lok Sabha . Giving more details, the Minister stated that during ...

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Ministry of Coal with the support of Power, Steel and Mines Ministries organizes National Mineral Congress in Bhubaneswar

The Ministry of Coal organized the National Mineral Congress in Bhubaneswar today with the support of Power Ministry, Steel Ministry and Mines Ministry. Addressing the Congress through virtual mode, Shri Anil Kumar Jain, Secretary, Ministry of Coal, wished all success to the National Mineral Congress and hoped to get valuable outcome through the deliberations of the stakeholders. Addressing the National ...

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Retail Outlets are set up by Public Sector OMCs at identified locations based on field survey and feasibility studies

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Lok Sabha today informed that the Retail Outlets (ROs) are set up by Public Sector Oil Marketing Companies (OMCs) at identified locations based on field survey and feasibility studies. Locations having sufficient potential and which are economically viable are ...

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NALCO Registers Highest Ever Quarterly Total Turnover and Export Turnover in Q3 of FY22  

National Aluminium Company Limited (NALCO), one of India’s largest integrated manufacturer and exporter of alumina and aluminium, has surpassed several milestones in its journey of business excellence in Q3 of financial year 2021-22. The Company registerednearly 3.5-fold increase in Net profit to clock Rs. 831 crore in Q3 of FY22, a jump of 246%compared to Rs. 240 crore in Q3 ...

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