NEW DELHI: Amid global economic uncertainty, state-owned NTPC remains sanguine about domestic electricity demand and has planned a total capacity addition of 24 GW entailing an investment of Rs 1.6 lakh crore.

"Various projects of the company having an aggregate capacity of around 24 GW are under implementation at 23 locations across the country," NTPC CMD Gurdeep Singh said while addressing the company AGM today.

Infrastructure major Larsen and Toubro (L&T) has bagged orders worth Rs 1,726 crore across various business segments.

"The construction arm of L&T has won orders worth Rs 1,726 crore across various business segments," L&T said in a BSE filing today.

NEW DELHI: In a move to make rail travel comfortable for elderly, differently-abled and ailing travelers, Railways has launched 'Yatri Mitra Sewa' to facilitate access to wheelchairs, battery operated cars and porter services.

'Yatri Mitra' or 'Passenger Friend' can be a "Sahayak (assistant)" or any other person nominated for the purpose.

State-run NTPC has entered into a pact with Energy Efficiency Services Ltd (EESL) to implement energy efficient LED lighting solutions for all its projects, stations and offices across the country.

“NTPC and EESL have joined hands for implementation of energy efficient LED lighting solutions for all NTPC’s projects, stations and offices across the country with an MoU signed by S K Roy, ED (OS), NTPC and A K Gupta, Director (Finance), EESL,” the company said in a statement.

NEW DELHI: State-owned Indian Oil Corporation's (IOC) Rs 1.8 lakh-crore capital investment plan over the next six years will not affect the company's credit profile, Fitch Ratings said today.

"The large investment plans announced by IOC are in line with the agency's expectations that are incorporated in the assessment of its standalone credit profile of 'BB+'. Fitch equalises IOC's rating with that of its largest shareholder, the state of India, due to their strong operational and strategic linkages," it said in a statement here.

State-owned term lender IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (IFCI) to Axis Bank for Rs 22.72 crore.

"IFCI has signed a share purchase agreement with Axis Bank for divesting its entire stake in ACRE (13.67 per cent)...Resulting in total cash consideration of Rs 22.72 crore," the company said in a BSE filing.

Infosys executive vice-president (EVP) and the former global head of consulting Sanjay Purohit has resigned from the company , making it the seventh EVP exit since Vishal Sikka took over as CEO two years ago.Purohit, who was previously the head of the products & platforms subsidiary EdgeVerve, moved to the US last year as the head of consulting, but was replaced within 18 months and was asked to relocate to India to work on strategic initiatives alongside COO U B Pravin Rao.

In spite of consumer inflation falling to a five month low of 5.05% (y-o-y) in August, with State Bank of India dropping deposit rates further, real interest rates are now well and truly in negative territory, reports Shakti Patra in Mumbai. SBI has lowered deposit rates from September 1 and offers just 7.15% for one year money which, after a 30% tax rate, yields just 5%.

To provide live updates of S&P BSE Sensex, the Bombay Stock Exchange has tied up with Twitter, which will give its investors live status, opening and closing figures of the market and stock prices, reported Economic Times.

This makes it the first collaboration in Asia between a stock exchange and a social networking site. BSE has been running a Twitter handle since 2012 but gives no real time updates and hence has comparatively less impact.

Union Consumer Affairs Minister Ram Vilas Paswan said 2.33 crore bogus ration cards have been weeded out all over the country, that nearly paralysed the public distribution system, due to Aadhaar seeding.

Addressing a conference on reforms in Public Distribution System (PDS), Pawan revealed that this weeding led to ‘Rightful Targeting of Food Subsidies’ of Rs 14,000 crore.

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