India

India restricts colour TV imports in move to boost ‘Make in India

The government has imposed restrictions on the import of colour television sets in a move aimed at boosting local production, is in line with Prime Minister Narendra Modi’s call for `Aatmanirbhar Barat’. The import of TVs in certain categories will now require a licence from the government A notification issued by the Directorate General of Foreign Trade (DGFT) on Thursday ...

Read More »

Women Cong MLAs tie Rakhis on CM’s wrist

Jaisalmer — Women Congress MLAs of Rajasthan celebrated the festival of Raksha Bandhan by tying Rakhis on the wrist of Chief Minister Ashok Gehlot. Minister Mamta Bhupesh and legislators Shakuntala Rawat, Ganga Devi and others tied Rakhi on the wrist of the chief minister and offered him sweets. The women MLAs also tied Rakhi on the wrists of other legislators ...

Read More »

SJVN Looking to Acquire Hydro and Solar PV Projects

An EOI has been issued by SJVN The Satluj Jal Vidyut Nigam (SJVN), a joint venture of Government of India and the Government of Himachal Pradesh, is on the lookout for solar PV and hydropower projects for acquisition. With this, SJVN becomes second government agency after NTPC to go for acquisition recently for expansion. SJVN has issued an expression of interest (EOI) ...

Read More »

MMRDA invites bids for developing a common mobility phone app

MUMBAI (Metro Rail News): The metropolitan city has initiated its first step towards contactless travel. As per media reports, The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids for getting a mobile technology partner on its board for development, operation and maintenance of a common mobility application under its integrated ticketing services (ITS) project. Responding to the problems created by the pandemic, the ...

Read More »

Delhi-Mumbai Expressway Project: NHAI invites private players for bidding in three packages

The three packages under Sohna-Mumbai expressway includes a 58-km stretch that passes through Delhi with an aim to decongest Delhi in the coming years. The National Highways Authority of India (NHAI) on Monday invited applications from private players as part of the bidding process for three packages for the Delhi-Mumbai expressway project. The bids have already been invited for two ...

Read More »

HP Management Bribed Indian Govt? Ex-Employee Files Case After Unjust Termination

HP Management Bribed Indian Govt? Ex-Employee Files Case After Unjust Termination As per the reports, a former employee of IT giant, Hewlett-Packard India Sales Pvt. has approached the Delhi High Court against the company alleged ‘illegal and wrongful termination’.  What Are The Charges? Mr. Grover alleged that payment in millions of dollars was paid to government officials in bribe. Further, he claimed ...

Read More »

Rajasthan Electronics Issues Tender for 1 MW of Rooftop Solar Projects in Bihar

The last date for the submission of bids is August 05, 2020 The Rajasthan Electronics and Instruments Limited (REIL) has invited bids for the supply, installation, testing, and commissioning of 1 MW of grid-connected rooftop solar projects across various locations in Bihar. The contract will also include comprehensive maintenance for five years. The last date for the submission of bids ...

Read More »

Cricket Business : Nike declines to renew, BCCI invites bids for Team Kit Sponsor and Merchandise Partner rights

It’s official now. Nike has declined to renew the deal to continue as Indian Cricket team’s Kit Sponsor. That is reason, Board of Cricket Control of India (BCCI) has called for fresh tenders. The BCCI has invited bids for the Indian Cricket’s Team Kit Sponsor and Official Merchandising Partner Rights through a tender process.“The Nike’s was a four-year deal for 370 crore with ...

Read More »

Delhi power discoms see surge in residential rooftop solar power connections

The BSES discoms have so far energised over 2,700 solar net metering connections in the city New Delhi: Power discoms in the national capital are witnessing a “surge” in residential rooftop solar power connections, with more than half of over 3,700 net metering connections installed in recent years falling under this category, officials said. The BSES discoms have so far energised over 2,700 ...

Read More »

Edelweiss withdraws from LIC pre-IPO advisor selection over concerns of conflict of interest

Edelweiss has voluntarily opted out of the process following concerns raised by the government on a potential conflict of interest scenario due to its existing life insurance joint venture with Tokio Marine. Edelweiss Financial Services has withdrawn from a government process to select two pre-IPO transaction advisors for the mega Life Insurance Corporation initial public offering (IPO) after concerns were ...

Read More »

The Rafale Saga: Delayed Timelines, Cost Escalation and An Executive Decision

A proposal for the purchase of 126 MMRCA (Medium Multi Role Combat Aircraft) was first mooted by the IAF to the Vajpayee-led NDA government in 2000. On acceptance, the initial RFI (Request for Information) was issued in 2001. Meanwhile, the Congress-led UPA government came into power in 2004 and the Defence Acquisition Council (DAC) headed by the then Defence Minister ...

Read More »

Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO

The government has picked Edelweiss Financial Services Ltd and Deloitte as the two pre-initial public offer (IPO) transaction advisors for the listing of the country’s biggest insurer – Life Insurance Corporation of India (LIC), whose public offer is expected to be the largest ever in the history of the domestic capital markets, two individuals told Moneycontrol on condition of anonymity. ...

Read More »

Make in India: Indian and Turkish shipyards close contract for building FSS ships for the Indian Navy

The local industries of cable laying, zonal painting and blasting as well as related small scale industries will get a lot of work. This is the first time at a shipyard from Turkey is participating in a defence contract in India. The Hindustan Shipyard Limited (HSL) is going ahead with Turkish shipyard partner M/S Anadolu shipyard after signing a contract ...

Read More »

MNRE Puts ‘One World One Sun One Grid’ on Hold

MNRE has announced that the RfP for the central governments’ One World One Sun One Grid’ initiative has been put on hold until further notice. The Ministry of New and Renewable Energy (MNRE) has announced that the Request for Proposals (RfP) for the central governments’ One World One Sun One Grid’ initiative has been put on hold until further notice. ...

Read More »

Karnataka to Centre: Enhance subsidy for E-buses under FAME II

The Karnataka government has written to the Centre to cut back on the number of electric buses allowed under FAME-II (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) scheme but retain the higher subsidy of ₹1 crore a bus provided under the FAME-I. The State government wanted this change based on its experience of FAME I bidding when the contract ...

Read More »

PM’s Official Website to Get New Look Soon, Will Now be Accessible in 6 UN, 22 Indian Languages

The government on Thursday sought proposals from agencies to redesign the Prime Minister’s official website which will be available in six UN languages and 22. Prime Minister Narendra Modi. The government on Thursday sought proposals from agencies to redesign the Prime Minister’s official website which will be available in six UN languages and 22 scheduled Indian languages. The current website ...

Read More »

NTPC seeks to buy 1000 MW solar projects

A signboard of NTPC  NTPC seeks to buy such projects from promoters, lenders or merchant bankers as part of its strategy to have a 32 gigawatt clean energy portfolio by 2032 New Delhi: State-run NTPC Ltd plans to acquire at least 1000 mega watt (MW) of operational solar power projects and has invited request for proposal (RFP) for the same. ...

Read More »

Corporatization of Ordnance Factories Board: Its time should have long come

Efforts to transform OFB into a globally competitive entity have yet again started on a previous note with same disastrous consequences as a corollary. Interesting non-pandemic developments do occur during difficult Covid times. Such developments can span from miseries of individuals and institutions to states and the globe. While the states do confront such challenges, as part of regular considerations ...

Read More »

‘Irregularities’ in process to hire consultant for corporatisation of OFB: Workers’ federations seek President’s intervention

The Ministry of Defence has invited Expression of Interest (EOI) cum Request for Proposal (RFP) for the selection of a consultant for strategising and implementing the proposed corporatisation of Ordnance Factory Board (OFB). President Ram Nath Kovind The three ordnance workers’ federations have written to President Ram Nath Kovind, seeking intervention in the process of hiring a consultant for the ...

Read More »

Tier 1 consulting firms vie for mammoth solar energy project

Plans for India’s ‘One Sun One World One Grid’ (Osowog) are moving forward, and some of the biggest names in the consulting sector are aiming to get involved.  A request for proposal (RFP) from India’s Ministry of New and Renewable Energy (MNRE) has drawn responses from the likes of McKinsey & Company, Kearney, Boston Consulting Group (BCG), PwC and Deloitte, in addition to a submission from French ...

Read More »