The state-run trading and distribution player reported a widening of consolidated net loss to Rs 121.5 crore in the June 2022 quarter, which was Rs 96.18 crore in the same quarter previous year.

“However, he highlighted that any mis-governance should be taken to management with utmost urgency and also, he asked to them to avoid influencing CPSE decisions while not getting involved in specific cases,” the ministry said in the statement.

The share purchase agreement was signed on March 10, following which the buyer, NINL and the six selling shareholders worked towards satisfying a set of conditions defined in the SPA, including certification of operational creditor's dues, employees' dues, sellers' operational and financial dues.

Tata Steel will leverage its capability in the long products business using its strong brand equity, particularly in the retail construction segment, and its extensive, pan-India retail and distribution network to drive scale in long products. Tata Steel had earlier announced its ambition to increase its capacity to 40 million tonnes per annum by 2030 in India, and the "NINL acquisition strengthens this growth plan over the next decade while providing the enablers to even go beyond the 40 million tonnes target", the company said.

Tata Steel Long Products (TSLP) had in January emerged as the winning bidder, putting in bids worth Rs 12,100 crore for loss-making NINL, which is a joint venture of 4 CPSEs -- MMTC, NMDC, BHEL, MECON -- and 2 Odisha government PSUs -- OMC and IPICOL.

India is a large and heterogeneous market with varying income levels and communication needs. While telecom has been a great equaliser with mobile and internet penetration at 84% and 60% respectively, each of the 22 designated telecom licence service areas (LSAs) continues to be quite heterogeneous in terms of the willingness and ability to pay across the range of digital services from voice telephony to gaming.

The fuel supply agreements approved by the Union Cabinet in 2013 provide that CIL can import coal to meet its contractual commitments. The company is at present able to meet 100% of the requirements and cannot import coal under the current rules.

Rain Industries and Stovec Industries will announce their earnings for quarter ended on December 31, 2021.

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NINL is a joint venture company of four central public sector enterprises which include MMTC, NMDC, Bharat Heavy Electricals Limited and Mecon; and two State PSUs, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) and Odisha Mining Corporation (OMC).

The Directorate General of Foreign Trade (DGFT) in a notification said that in addition to Rashtriya Chemicals and Fertilisers Ltd, import of urea is allowed through National Fertilisers Limited and Indian Potash Limited (IPL).

The brand also plans to open 15 wholly-owned retail stores in the region over the next three years

Forty-five immovable properties of MBS Jewellers Private Limited, MBS Impex Private Limited, Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta and their other group entities have been provisionally attached under various sections of the Prevention of Money Laundering Act, it said in a statement.

The final settlement, the company said, is envisaged out of divestment proceeds of NINL.

The process of privatisation of Air India, BPCL, Pawan Hans, BEML and Shipping Corp has also moved to the second stage after the government received multiple expressions of interest (EoI) for these CPSEs.

The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said.

NINL is a joint venture company, in which four central PSUs -- MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals Ltd (BHEL) and MECON -- and two Odisha government companies IPICOL and Odisha Mining Corporation (OMC) are shareholders.

The cooperative has asked bidders to supply 40 to 60 mm size of red onions from any country of origin at Rs 50 per kg by November 20. They can bid for a minimum quantity of 2,000 tonnes to be supplied in multiple lots of 500 tonnes, it said.

A quarter of the onion buffer stock of 100,000 tonnes is likely to have been damaged due to loss of moisture during storage.