Fresh bids invited for Uttam Value & Metallics

MUMBAI: Fresh bids are being invited for Uttam Value Steels and Uttam Galva Metallics, after the lenders to the two companies rejected offers from SSG Capital Management and New Zone Intertrade FZE terming them “unsatisfactory”, two people in the know said.The official appointed by the bankruptcy court to resolve their debt issues has invited fresh expressions of interest (EoI) for the companies that together owe Rs 5,500 crore to a consortium of lenders.

Gujarat solar auction: UPC Energy Group, Adani Green Energy, ReNew Power winners

BENGALURU: US-based UPC Energy Group, Adani Green Energy, ReNew Power and Orange Renewables are among the winners in Gujarat’s 500 MW solar auction, which evoked aggressive bids, with the lowest offer of Rs 2.55 per unit.“The tariff appears to be pretty low, and more so for a 50 MW project because scale also plays a huge role.The low tariffs discovered so far have been for largescale projects,” said a developer on condition of anonymity.UPC secured 50 MW at Rs 2.55 per unit while Gujarat’s own public sector company, Gujarat State Electricity Corporation Ltd, and Adani Green Energy won 75 MW

Govt's national electronics policy eyes 1 cr jobs

The Cabinet on Tuesday approved a new electronics policy which aims to create a USD 400 billion electronic manufacturing ecosystem by 2025 and generate 1 crore jobs in the country."We are targeting USD 400 billion (ecosystem) by 2025.

No loan waivers, please: How India can actually resolve its deep agrarian crisis

The political economy calls for a permanent upward shift in many farm prices. To protect consumers, especially the poor, it would be essential to accompany farm price corrections with an income support scheme for the poor.Farmers now have subsidised fertiliser, subsidised power, free irrigation water from canals and support prices that promise to go as high as decibel levels of farmer protest can lift them. Yet, farmers are in distress, committing suicide in droves and political parties and governments panicking into promises of loan waivers and income support.

Are RSS' fears about Tik Tok true? Here's what you should know

NEW DELHI: Should India let Chinese social media apps and telecom companies proliferate in India? Swadeshi Jagran Manch (SJM), the economic wing of the Rashtriya Swayamsevak Sangh has written to Prime Minister Narendra Modi for a ban on these Chinese companies. The statement comes days after the Pulwama attack by terrorists of Jaish-e-Muhammad (JeM). China has repeatedly helped Pakistan by blocking India’s efforts to get Pakistan-based JeM chief Masood Azhar listed by the UN Security Council as a global terrorist.