Highlights
Government has received Rs 134 crore from CONCOR as dividend tranche...
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New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..
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New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..
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New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..
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PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
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New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
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New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
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New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
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New Delhi:GAIL honored with Golden Peacock Award..
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New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
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news
Renewable energy accounted for 71 per cent of India's new power generation in FY 24
India has achieved a total installed energy capacity of 442 GW, out of which Renewable Energy (RE) accounts for about 33% or 144 GW, and hydroelectricity contributes 11% or 47 GW, according to a report by CEEW Centre for Energy Finance (CEEW-CEF). The share of coal in India's total installed cap
Posted Date : 06-05-24
Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
Paytm's shares declined over 4.5 percent today following the resignation of its COO and president, Bhavesh Gupta, which was announced in a regulatory filing. The shares of Paytm were trading 3.8 percent lower at Rs 355.25 on the NSE. This year, the stock has fallen 45 percent so far and has sign
Posted Date : 06-05-24
IOB to offload 92 NPA accounts worth Rs 13,472 cr loan outstanding
Indian Overseas Bank (IOB) has announced that it will conduct an e-auction on May 28 to sell off 92 non-performing loans. These loans have an aggregate outstanding amount of Rs 13,471.68 crore.
The public sector lender has invited expressions of interest (EOI) from asset reconstruction companies
Posted Date : 06-05-24
J&K Bank’s annual net soars 48% to reach its highest ever profit of Rs 1767 Cr
In yet another record-breaking performance, J&K Bank has posted a net profit of Rs1767 Cr for the fiscal 2023-24 – a remarkable improvement of 48% over the previous high of Rs. 1197 Crore achieved last year.
The Bank declared its annual and Q4 results after its Board of Dire
Posted Date : 06-05-24
SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
Tata Power Renewable Energy Limited (TPREL), a leading entity in India's renewable energy landscape and a subsidiary of the Company, has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energ
Posted Date : 06-05-24
IREDA holds 16th Stakeholders' Meet
Indian Renewable Energy Development Agency Limited (IREDA) recently held its 16th Stakeholders' Interaction Meet at the India International Centre in New Delhi. The meeting witnessed active participation from business partners across the renewable energy spectrum, including Solar, Wind, Hydro, B
Posted Date : 06-05-24
Kotak Mahindra Bank Standalone PAT for FY24 Rs 13,782 crore, up 26% YoY
The Board of Directors of Kotak Mahindra Bank has approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting. The Bank’s PAT for FY24 increased to Rs 13,782 crore from Rs 10,939 crore in FY23, up 26% YoY. PAT for Q4FY2
Posted Date : 04-05-24
IDBI Bank Limited Financial Results for Q4 FY 2024, reports 55% rise in profits on YoY basis
The financial status of the IDBI bank is categorized as follows-
NIM is at 4.93%, YoY growth 41 bps and the Cost of Deposit stood at 4.30%. CRAR at 22.26%, YoY growth of 182 bps. Return on Assets (ROA) at 1.65%, YoY growth of 45 bps.
Net NPA is at 0.34%, down from 0.92% as of March 31, 2
Posted Date : 04-05-24
Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO
Ujjivan Small Finance Bank Limited (Ujjivan SFB) announced the receipt of RBI approval for the appointment of Mr. Sanjeev Nautiyal as its Managing Director & CEO from July 1, 2024, for three years. He will join the Bank much before his taking charge as the MD&CEO and be designated as the Pre
Posted Date : 04-05-24
Pratibha Aggarwal has joined IRCON as General Manager
Smt. Pratibha Aggarwal has been appointed as the General Manager of Ircon International w.e.f from 1st May 2024.
Brief profile - Smt. Pratibha Agarwal is a B.Com (Hons.) from Delhi University and a fellow member of the Institute of Company Secretaries of India. She is also a Law graduate. She pos
Posted Date : 04-05-24
REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
According to the exchange filing made by the company, it has been informed that Rec Ltd has received "No Objection Certificate" from the Reserve Bank of India (RBI) for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finan
Posted Date : 04-05-24
Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
The Reserve Bank of India has approved the reappointment of Atanu Chakraborty as the part-time Chairman of HDFC Bank for a period of three years starting from May 5, 2024, to May 4, 2027.
Chakraborty has vast experience in the Union Government and has held various positions, including the Secreta
Posted Date : 04-05-24
RBI Announces 8% Interest on Floating Rate Bond 2034
The Government of India has recently introduced a Floating Rate Bond (FRB) that will mature in 2034. The Reserve Bank of India (RBI) has announced an interest rate of 8% for the Floating Rate Savings Bond (FRSB) 2034. This bond offers an adjustable interest rate that changes every six months based o
Posted Date : 04-05-24
RBI issues guidelines on project financing by Regulated Entities
According to the circular, these Directions lay down revised regulatory dispensations for changes in the date of commencement of commercial operations (DCCO) of such projects in the backdrop of a review of the extant instructions and analysis of the risks inherent in such financing.
These Directi
Posted Date : 04-05-24
Empowering Sustainable Growth: People Capability Strategies for Enabling India's Energy Sector Transformation in PSE Space
New Delhi: India's power and energy sector is at a pivotal juncture, undergoing a transformative shift towards sustainability and clean energy technologies. Rather than a mere a compliance exercise, stakeholders across the ecosystem, from customers to regulators to businesses, are increasingly p
Posted Date : 04-05-24
MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong
Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 40.41 percent decrease in net profit for the fourth quarter of the fiscal year 2023-24, with a recorded amount of Rs 1,136.84 crore, down from the previous year's Rs 1,907.98 crore in the same quarter.
However, on a quarter-on-quarte
Posted Date : 04-05-24
SHRM Celebrates PSE Leadership Forum 2024 with the Launch of SHRM PSE Trends 2024 Report
SHRM East Pvt Ltd. (SHRM) hosted the PSE Leadership Forum 2024 on April 19 at the Taj Palace Hotel in New Delhi, bringing together over 100 delegates from 30 PSE and government organizations. The event featured a series of insightful discussions led by industry leaders who are at the forefront of sh
Posted Date : 04-05-24
Adani Green Q4 results: Net profit down 39% at Rs 310 crore
Adani Green has reported its Q4 results, revealing a decline in net profit by 70% to Rs 150 crore from Rs 508 crore in the same period last year. Revenue also experienced a marginal decline of 2%, amounting to Rs 2,527 crore compared to Rs 2,587 crore year-on-year.
The company's EBITDA witnes
Posted Date : 04-05-24
DMRC Celebrates 30th Foundation Day at Bharat Mandapam
New Delhi: Delhi Metro Rail Corporation (DMRC) celebrated its 30th Foundation Day on May 3, 2024, at Bharat Mandapam, New Delhi. The celebration was graced by esteemed dignitaries, including Sh. Anurag Jain, Secretary of the Ministry of Road Transport & Highways, Ministry of Housing and Urban Af
Posted Date : 04-05-24
WAPCOS CMD conferred with PSU Samarpan Award
New Delhi: Shri R. K. Agrawal, Chairman cum Managing Director, WAPCOS and NPCC conferred with PSU Samarpan Award for his dedication, vision and remarkable leadership towards the advancement of the PSU sector during the PSU Transformation Conclave.
Posted Date : 03-05-24
