Hindustan Petroleum Corp enters into a long-term agreement with HMEL Posted on 22nd September 2018 |
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Hindustan Petroleum Corporation (HPCL) on Friday entered into a long-term agreement with HMEL (HPCL-Mittal Energy) for operations and maintenance of its newly-commissioned bitumen terminal at Bathinda. HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda. The agreement is for storing, handling and dispatching the product. Earlier, HPCL signed a long-term product offtake agreement with HMEL under which it will offtake the entire production. Earlier, HPCL signed a long-term product offtake agreement with HMEL under which it will offtake the entire production. Both the agreements put together will give HPCL 550 million tonne of bitumen in the northern region. As per the agreement, HPCL has agreed to handle HMEL bitumen terminal in addition to the white oil terminal. |
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Dish TV India zooms 15% after clarification on CARE ratings downgrade Posted on 9th December 2019 |
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Shares of Dish TV India surged 15 per cent to Rs 14.44 on the BSE on Monday after the company said the default in debt repayment was on account of a temporary cash shortfall due to peak payment commitments to suppliers.
"The Company's deferral to service the loan amount is due to bunching of repayment obligations and utilization of funds for other business requirements including, both capital expenditure and payment of operating liabilities to broadcasters and suppliers," Dish TV India said in a regulatory filing. |
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Auto stocks gain as Maruti Suzuki increases production in November Posted on 9th December 2019 |
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Shares of automobile companies gained on Monday after Maruti Suzuki India (MSI) increased its production in November. At 10:30 AM, the S&P BSE Auto index climbed 1.5 per cent as compared to a flat benchmark S&P BSE Sensex and was the top gainer among BSE sectoral indices.
Among individual stocks, Maruti Suzuki India, Tata Motors, and Motherson Sumi rose over 2 per cent each. Eicher Motors, Ashok Leyland, Mahindra & Mahindra, TVS Motor, Hero MotoCorp were all up in the range of 1-2 per cent, while Bajaj-Auto was also trading higher. |
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Citizenship (Amendment) Bill to be tabled in Lok Sabha for passage today Posted on 9th December 2019 |
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The controversial Citizenship (Amendment) Bill, 2019, which seeks to grant Indian citizenship to non-Muslim refugees from Pakistan, Bangladesh and Afghanistan, will be tabled in Lok Sabha on Monday.
The Bill, which proposes to amend the Citizenship Act, 1955, will be tabled by Union Home Minister Amit Shah in the lower house of the Parliament and will be taken up for discussion and passage, according to the Lok Sabha's List of Business for Monday. |
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Delhi HC issues notices to exporters over non-payment of IGST on imports Posted on 9th December 2019 |
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The Delhi High Court has issued notices to exporters in cases related to non-payment of integrated goods and services tax (IGST) on imports under an export incentive scheme.
The cases relate to the review petition filed by revenue authorities regarding imposition of IGST on imports of goods under the advance authorisation scheme, which allows exporters to import goods that go into exports without payment of duties. |
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