ASHWANI lOHANI, CHAIRMAN RlY BOARD VISITS ElECTRIC lOCO SHED, GHAZIABAD
Ashwani lohani, Chairman of Railway Board visited Electric loco Shed, Ghaziabad on Wednesday. He was accompanied by Vishwesh Chaube, General Manager, Northern Railway, R.N. Singh, Divisional Railway Manager, Delhi and other senior officers. The Chairman conducted an intensive inspection of the Electric loco Shed. He also chaired a review meeting with the General Manager and the other Managers and officers present. He also planted a sapling in the Electric loco Shed premises.
BHEl Signs MOU 2018-19 with Government
Bharat Heavy Electricals limited (BHEl) signed a Memorandum of Understanding (MoU) with the Government of India outlining the performance targets for the year 2018-19 in New Delhi. The MoU was signed by Dr. A.R.Sihag, Secretary, Department of Heavy Industry (DHI), Ministry of Heavy Industries & Public Enterprises and Atul Sobti, CMD BHEl in the presence of senior officials of DHI and BHEl.
NBCC inks MOU with Gujarat State Road Transport Corporation
NBCC (India) ltd, a Navratna CPSE under Ministry of Housing and Urban Affairs (MoHUA) has been appointed as Independent Engineer by Gujarat State Road Transport Corporation (GSRTC) for supervision of development of seven bus terminal facilities in the State of Gujarat. The MoU was signed between Ajai Kumar, General Manager (Engg) on behalf of NBCC and Hitesh J.Parmar, Chief Civil Engineer,GSRTC. The State owned GSRTC has been developing these bus terminals in Rajkot, Patan, Modasa, Navsari, Amreli, Bhuj and Bharuchon DBFOT(design, build, finance, operate and transfer) basis with estimated cost of approx Rs 100 crore for which concessionaires have already been appointed by GSRTC. “Our endeavor will be to ensure that quality construction is achieved in compliance with technical requirements for the iconic bus terminals of Gujarat State,” said Dr. Anoop Kumar Mittal, Chairman-cum- Managing Director, NBCC (India) ltd.
AAI to modernise India's Air Traffic Management ComMUNICATION Infra
The Airports Authority of India (AAI) has signed a 15-year contract worth Rs 945 crores with Harris Corporation for its Futuristic Telecommunications Infrastructure initiatives. Harris Corporation will serve as the prime contractor and systems integrator for the same. This initiative will upgrade network operations, enhance security, and improve the performance, reliability and quality of India's air traffic management communications network, while reducing telecommunications costs. The contract was signed by A.K. Banerjee, ED (CNS-OM) and Rick Simonian, VP, Harris Corporation at the 6 th U.S.-India Aviation Summit, at the Taj Mahal Palace Hotel in Mumbai. “The Futuristic Telecommunications Infrastructure provides a dedicated nationwide telecommunication network to support air traffic management operations, with an emphasis on safety and high reliability and the ability to expand for growth” said Dr. Guruprasad Mohapatra, Chairman, AAI. .
EAZY Business Solutions announces 65% growth
EAZY Business Solution well known for its flagship product EazyERP, the leading provider of ERP software for B2B companies announced 65 % this fiscal year. Delivering a wide spectrum of enterprise solutions across multiple verticals of business for over 10 years Eazy ERP has over 250 clients including: MDH, Pigeon, Kamdhenu Group, Hindustan Pumps, Ujala Pumps, SHEll, Good Year, Interglobe Technologies, Relaxo. “With consistent growth throughout FY-17- 18, EAZY ERP has paved the road for innovation in 2018. Our focus this year will be on EazyDMS” said CA Kunal Singhal, MD of EAZY ERP. EAZY-DMS is distributor management software for tracking Secondary Sales, up-to end level, helping organizations streamline key factors of channel sales from faster stock replenishment, reduction in inventory carrying costs to better production planning. EAZY-DMS allows you to achieve greater channel visibility without the hassle of changing systems at the distributors end.
CRISIl Upgrades JSPl Credit Rating to Stable Outlook
The credit ratings of Jindal Steel and Power limited (JSPl) have been upgraded by leading rating agency CRISIl to Stable Outlook. The credit rating upgrade by CRISIl comes soon after similar upgrades by CARE and ICRA. “The credit rating by 3 leading rating agencies CRISIl, ICRA and CARE is a clear reflection of the promise for growth by JSPl. The 5 MTPA integrated steel plant at Angul will be harnessed to optimal capacity utilization levels during this fiscal”,NA Ansari, CEO - JSPl said. “JSPl is well poised to continue the superlative performance and growth curve during this fiscal”, he added. JSPl reported its highest ever steel production and sales in Q4 2018 and for the Financial Year 2017-18 with the 5 MTPA integrated steel plant at Angul getting fully commissioned. The company posted a net profit of Rs 145 crore and emerged back to the black after 13 quarters. In the Q4 FY 2018 results reported yesterday, JSPl's standalone EBIDTA saw a 66% rise on a year-on-year basis and clocked an EBIDTA margin of 26%, as the consolidated EBIDTA traced a growth of 38%.
DTC staff saves senior citizen's life
During the hustle bustle of the city life, Sahdev, Rajesh Rathi, a Driver of the Delhi Transport Corporation along with Vijay a Conductor, saved the life of Mahender Singh, a Senior Citizen who was travelling in the bus, plying on Route No.192. As reported Singh, fell unconscious due to consumption of some toxic eatables offered by the criminal elements. It was with the quick action of Sahdev who gave an artificial breathing and also with the help of Rajesh and Vijay, the unconscious man came alive. The Chief Minister, Government of NCT of Delhi congratulated and commended these three employees for their act of bravery, courage, honesty and cooperation to mankind. The commendation letters duly signed by the Chief Minister was handed over to the employees and also announced a cash prize of Rs 1100 to each of them.
SCOPE begins green initiatives
little effort can bring large saving of electricity as power saved is power produced. This has been reflected by SCOPE who has brought down energy consumption substantially in two of its towers at lodhi Road and laxmi Nagar, New Delhi. These two towers accommodate corporate and regional offices of 65 public sector enterprises. Dr. U.D. Choubey, Director General, SCOPE informed that during 2017-18 savings in power consumption was around 1.60 million units equivalent to saving worth Rs 1.72 crore. In the last six years, such efforts by SCOPE and its Constituents have resulted into a saving of 8.18 million unit's equivalent to Rs 8.33 crore.
DoT says Bharti-Telenor deal clearance in a month
The telecom department today assured that the Airtel-Telenor deal will be approved in less than a month and asserted that clearances related to the mega merger of Vodafone and Idea Cellular too are being expedited.Telecom Secretary Aruna Sundararajan said she did not foresee any hurdles in the clearances pertaining to the Vodafone-Idea merger (a move that would create India's largest telecom operator dislodging Bharti Airtel from the top slot) and that it “should get done” in the timeframe of June outlined by the two companies. On Thursday, the Supreme Court had dismissed the Department of Telecom (DoT) plea that challenged telecom tribunal order directing it to clear Airtel's takeover of Telenor India, without insisting on bank guarantee of about Rs 1,500 crore as a pre-requisite.
NTP draft based on strong telecom fundamentals: DoT
The draft new telecom policy (NTP) is not overly ambitious and is backed by industry's strong fundamentals and headroom for market growth, Telecom Secretary Aruna Sundararajan said on Thursday.The industry has “not done its bit” on innovation and IPR front yet, she said nudging states to move more swiftly to accelerate digital infrastructure.The draft unveiled earlier this month for public comments, has been termed by some stakeholders as too ambitious against the backdrop of deep financial stress and erosion of revenue in the sector. Among other things, the policy proposes broadband access for all with 50 mbps speed, 5G services and 40 lakh new jobs in the sector by 2022. The 'National Digital Communications Policy 2018' also proposes to attract USD 100 billion in the sector by 2022 with help of regulatory reforms.