Need for more indigenisation of India’s oil and gas sector: Petroleum secy


Petroleum Secretary Tarun Kapoor believes that a large number of products, which are used in the oil and gas sector, and are imported at present, should be manufactured in India.

“We are looking at a large number of products which are currently being imported. We want them to be made in India. We have asked Engineers India Ltd (EIL) to work on vendor development. The government sector alone in the oil industry has a capital expenditure of over Rs 1 trillion a year, there is operating expenditure also and the private sector is spending too. In all around Rs 1.5 trillion to Rs 2 trillion is spent by this sector annually,” Kapoor said while addressing the Energy Startup Summit 2021 organised by Tata Motors and Repos Energy.

Kapoor gave the example of gas meters and said that presently there is not enough capacity in the country to manufacture them.

Speaking at the event earlier, Chief Executive Officer of NITI Aayog, Amitabh Kant, said, “There is focus on new technologies like solid state batteries and direct solar wafers which are the future. The world is on the cusp of a mobility revolution which is

Expect 2021 to be better in terms of sales: Toyota Kirloskar Motor


expects its sales to be better in 2021, against 2020, on the back of various factors such as new product launches and expectations of an economic revival, a senior executive has said.

The company witnessed a 6 per cent rise in wholesales in the December quarter, reporting a 14 per cent rise in December wholesales at 7,487 units against 6,544 in December ‘19.

“We believe demand will carry forward in January as well. We have already introduced three products, which gives us confidence that 2021 will be better in terms of sales,” TKM senior vice-president (sales and service) Naveen Soni told PTI.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues

Getting to know your business credit score


If you’re not sure how your business credit score may be affecting your organisation, you’re not alone.

Ben Buckton at Experian explains that recent research the carried out revealed almost a fifth of small business owners admitted that they felt they had an insufficient understanding of business credit scores.

For that reason, many small businesses are harming their chances of gaining access to credit, getting better deals from suppliers, and securing additional funding to help grow their business.

When looking to extend a company’s credit facility, a business credit score forms a key part of the decision-making process for financial and commercial lenders, service providers and suppliers.  So, here are some tips on how to improve your credit score:

Tip 1: Be aware of what impacts your credit score

Knowing what impacts and helps your credit score is vital. Bankruptcy, numerous applications for credit accounts in a short time period, and County Court Judgments can harm your score. Prompt payment to suppliers, filing annual accounts, and registering your business with a credit reference agency or directory, all have a positive impact on your credit score.

If you are a company director keep an eye on your own personal finances; if

Subscribe Now