Business

Kathmandu: Nepal is planning to import up to 1,100 MW of electricity from India during the upcoming dry season to meet peak domestic demand, as recent flash floods, landslides and heavy monsoon rains have damaged hydropower projects and temporarily reduced the country's generation capacity. The...

New Delhi: National Company Law Appellate Tribunal (NCLAT) Tuesday issued notices to creditors on a plea filed by Essel Group Chairman Subhash Chandra and scheduled the matter for hearing on October 29 and 30. Chandra had challenged before the appellate tribunal an order passed on...

Doha: Finance Minister Nirmala Sitharaman has held bilateral meetings with ministers from Saudi Arabia, Switzerland, Jordan and Nepal on the sidelines of the AIIB annual meeting. On the first day of her visit to Qatar September 28, Sitharaman met her Saudi counterpart Mohammed Al-Jadaan who...

San Francisco: OpenAI said Monday it was delaying the release of a new artificial intelligence model out of security concerns voiced by its researchers, the latest in the company's effort to decelerate the pace of the technology's advance. OpenAI's decision to hold back the model,...

Washington: US President Donald Trump has announced that Indian multinational conglomerate Essar Group will build "the largest steel plant" in American history in Iowa, at an investment of USD 15 billion. Trump made the announcement Monday in the Oval Office with Essar Group co-founder Ravi...

Bhubaneswar: The Comptroller and Auditor General has flagged several lacunae in the sanction and execution of projects under Odisha's District Mineral Foundation, meant for the interest and benefits of the mining-affected people and areas in the state. In one of its reports, presented in the...

ARINDAM GANGULY, OP Bhubaneswar: The Comptroller and Auditor General (CAG) of India has flagged significant financial and implementation lapses in the development of tourism in Odisha’s coastal zone, including a loss of Rs 207.68 crore incurred by the Tourism department in organising seven eco-retreats between...

ARINDAM GANGULY, OP Bhubaneswar: As many as 39.55 lakh e-challans involving Rs 1,136.62 crore were pending with regional transport offices (RTOs), courts or police authorities, while enforcement officials failed to impose fines amounting to Rs 640.87 crore for multiple motor vehicle offences, according to a...

Bhubaneswar: Odisha government has invited aluminium downstream manufacturers to invest in the Anugola Aluminium Park, highlighting the availability of raw materials, industry-ready infrastructure and investment incentives to attract industries engaged in value-added manufacturing. The investment pitch was made at a roadshow held in Kolkata Monday,...

Bhubaneswar: The Odisha government borrowed Rs 89,353 crore from different sources and repaid pending loans worth Rs 58,565 crore during the past two-and-a-half years, Chief Minister Mohan Charan Majhi informed the assembly Monday. Replying to a question by BJD legislator Tusharkanti Behera, Majhi said his...