Virendra Singh Jain has been appointed as an independent director of Essar Oil. With an experience of over three decades at the helm of public and private sector enterprises, including two Maha¡ratnas, his wide ranging experience and financial expertise
Tag: India
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A veteran in power sector
Siddharth Mehta, CEO of DPSC-IPCL, is associated with the company since May 2013. Being at the helm of activities, he is responsible for the entire Transmission & Distribution business of the group along with its wind power vertical.
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Surging ahead
The leading integarted logistics company Allcargo Logistics has appointed Ajit Jangle as its Group Chief Operating Officer. In his career of over 20 years,
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Instrumental in growth
Yogesh Dhingra is Chief Operating Officer and Finance Director (COO & FD) of Blue Dart Express. He has been with Blue Dart for over 20 years with an overall experience of 28 years across diverse industries.
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Govt may regulate preferred seats in flights
In India, the recent ‘unbundling’ of some services such as seat preferences or meals on board might be helping airlines to earn a lot of ancillary revenue, but the government is considering whether it could limit the number of ‘preferred seats’ on sale on each flight. The government has been prompted to step in just days after it unbundled these services, following reports that some airlines were charging for a very large number of seats, with one of them even imposing fees for the ‘congested’ m
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World steel output grows 1.2% in April
Global steel production grew 1.2 per cent in April 2013 to 132.11 million tonne (mn t) compared to 130.50 mn t in the corresponding month of previous year, data from the World Steel Association shows. It is noteworthy that nearly half of the global production has come from China at 65.65 mn t during the month. Steel output in the country grew 6.8 per cent over the same month last year, data the association shows
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LIC Housing to start a new arm in North-East
For undertaking home loans business in the North-Eastern part of India, Life Insurance Corporation of India Housing Finance (LIC Housing Finance) is planning to float a separate subsidiary or special purpose vehicle (SPV). The second largest standalone housing finance company of the country has hit upon this strategy as local laws in some of the North-Eastern States do not allow creation of a mortgage to convey a property as security to a lender against a loan.
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Oil cos’ plea to abolish Shipping Min’s nod for crude import
To get more crude oil to India, oil companies want the Union government to allow them to import crude oil on what is called the cost, insurance and freight (cif) basis, without requiring any approval from the Shipping Ministry. The move is expected to eventually help more foreign flagged vessels to ship crude oil to India. Allowing crude imports on cif basis will transfer the power of how crude oil carriers are chosen to the selling party — that is, firms in other countries.
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ONGC to buy gas detection system
State-run exploration firm Oil and Natural Gas Corporation (ONGC) produces crude oil and natural gas from 110 fields. Of them, 15 contribute 73 per cent of the production. These fields are old.
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KoPT expects Rs 5 cr from ship breaking operation
Kolkata Port Trust (KoPT) expects to earn revenues worth nearly Rs 5 crore a year initially through ship breaking operation, which it decided to resume after a gap of almost three years.