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L&T Hydrocarbon Engineering bags over Rs 7,000 crore order from Saudi Aramco

The company specified that as per its classification, the mega project is in the range of over Rs 7,000 crore.25 AM ISTBCCL"This award is received by the consortium of LTHE with EMAS AMC (A Subsea7 company)," L&T stated in a BSE filing.

Essar Steel’s April-June operating profit at a record Rs 1,120 crore

88 million tonnes and the company posted operating profit of Rs 1,120 crore in the quarter ending June.This is more than twice Essar Steel had earned when administrators took over the debt-laden alloymaker about two years ago, according to sources aware of the development.

Vodafone Idea ‘repays’ significant chunk of Rs 4,300 crore loans

KOLKATA & MUMBAI: Vodafone Idea is said to have repaid a sizeable chunk of the almost Rs 4,300 crore of loans due to be cleared in this financial year using a portion of its Rs 25,000 crore rights issue proceeds, people familiar with the matter said.Vodafone Idea is learnt to have concluded repayment of three rupee-denominated domestic loans — Rs 300 crore to Axis Bank and an aggregate of Rs 3,210 crore to State Bank of India.

Enforcement Directorate to examine alleged Rs 1,600 crore siphoning by Unitech promoters

46 AM ISTBCCLIn December 2018, the Supreme Court ordered forensic audit of the Unitech group.NEW DELHI: An alleged siphoning of over Rs 1,600 crore by real estate developer Unitech’s promoters has come under the scanner of the Enforcement Directorate (ED).

IL&FS: Three IL&FS group companies to service Rs 3,300 crore debt

NEW DELHI: Three group entities of debt-laden Infrastructure Leasing and Financial Services with outstanding loans of about `3,300 crore are set to begin servicing them after lenders and IL&FS reached agreements to restructure debt, according to submissions before an appellate tribunal.A two-member NCLAT bench led by Justice SJ Mukhopadhaya, however, asked the IL&FS counsel how the group planned to resolve the debt of 82 other domestic group entities — a total of Rs 61,375 crore.

vedanta: Spent Rs 10,000 crore on capex in FY19: Vedanta

PTI|Jul 11, 2019, 12.50 PM ISTReuters''India currently has a resources' import bill of USD 465 billion".

Beauty & wellness business has market potential of Rs 80,000 crore in India: Skills development minister

18 PM ISTBCCLUnder the Skill India Mission, nearly one crore youth are being presently imparted skills training annually.Skills development minister Mahendra Nath Pandey Tuesday said beauty and wellness business in India has a market potential of Rs 80,000 crore and can provide employment opportunities to lakhs of people.

SBI probe flags Rs 5,500 crore deals among Anil Ambani cos

MUMBAI: A probe commissioned by SBI has flagged transactions worth Rs 5,500 crore in the books of Reliance Communications and two other Anil Ambani-led Reliance Group entities for further investigation, four people with direct knowledge of the matter told ET.The Reliance Group was formerly known as the Anil Dhirubhai Ambani Group.

Bhushan Power & Steel Ltd: PNB reports over Rs 3,805 crore fraud by Bhushan Power & Steel Ltd

15 core has been reported by the bank to RBI, Punjab National Bank said.55 PM ISTAgenciesPNB said its domestic exposure to Bhushan Power & Steel Ltd (BPSL) stood at Rs 3,191.

Budget 2019: Government's grand plan for Indian Railways - Railways need Rs 50 lakh crore till 2030

05 Jul 2019, 12:38 PM IST1/5Railways need Rs 50 lakh crore till 2030 Presenting the the first Budget of the Modi 2.0 government Finance Minister Nirmala Sitharaman said, 657 km of metro rail network has become operational across country while railway infrastructure will need Rs 50 lakh crore investment till 2030.

Indian Railways | Budget 2019: Rail infrastructure requires Rs 50 lakh crore till 2030, says Sitharaman

32 PM ISTBCCLSagarmala will help port and waterways connectivity, the Finance Minister said.NEW DELHI: Finance Minister Nirmala Sitharaman Friday said corporate India is a job creator as well as wealth creator and called for public private partnership to develop rail infrastructure.

Government expects Rs 50,519.8 crore from telecom sector, up 28% on year

The government earns revenue in the form of mainly licence fees and spectrum usage charges (SUC) from telecom operators.20 PM ISTAgenciesSpectrum sales through auction has been main contributor to the government revenue.

Televisions worth Rs 7,224 crore imported in 2018-19

India has a Free Trade Agreement (FTA) with ASEAN (Association of South East Asian Nations) to reduce applied tariff rates.51 PM ISTGetty ImagesIn 2018-19, the imports from the five countries alone were to the tune of Rs 7,011 crore out of the total imports worth Rs 7,224 crore.

RIL to invest about Rs 1,500 crore in 2 years in Jio Institute

In Talks with Experts at Global Institutes
Reliance didn’t respond to queries.The Jio Institute team is learnt to be in discussions with academic and institutional experts at various global institutes.

Air India lost Rs 491 crore till July 2 due to closure of Pakistan airspace: Government

Private airlines SpiceJet, IndiGo and GoAir lost Rs 30.73 crore, Rs 25.

Rs 32,000 crore as unclaimed deposits with banks and insures

Country’s largest insurer, Life Insurance Corporation (LIC) alone holds Rs 12,892 crore as unclaimed deposit.Commercial banks have Rs 14,578 crore as unclaimed deposits in 2018 as against Rs 11,494 crore in 2017.

AAI spent Rs 4 crore in 2018-19 to maintain 26 non-operational airports

The AAI owns and manages around 100 operational airports across the country.However, it also has 26 non-operational airports with it that have no flight operations currently.

Cox & Kings defaults on payments of Rs 150 crore

The company was required to pay Rs 200 crore, however Cox & Kings was able to pay only Rs 50 crore.59 AM ISTOthersThe company is working towards plans to make good its obligations, it said in a statement.

Havells targets Rs 1,000 crore revenue from switchgears in three years

Last year the company’s switchgear segment grew 13% which was more than the industry growth rate of about 8%.44 PM ISTOthersHavells has 27% share in domestic switchgear market of a size of Rs 2,200 crore.

Railways has earned over Rs 400 crore in non-fare revenue during 2017-2019: Government

During 2017-18 and 2018-19, surplus generated by Indian Railways was Rs 1,665.61 crore and Rs 3,774.