The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and aims to facilitate the sale or (re-issue) of Government Securities through a multiple price-based method. "Underwriting Auction for sale of Government Securities for Rs32,000 crore on April 26, 2024 Government of India has announced the sale (re-issue) of Government Securities, as detailed below, th

The first edition of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ember’s State Electricity Transition (SET) report in 2023 analyzed 16 Indian states to help identify the areas that require action and attention at the state level. This year’s report builds on that work by expanding the scope to 21 states. The dimensions and parameters for assessing states have also been refined to reflect the relevance of the parameters to the status of states’ ele

As per the circular, the ceiling on bank credit linked to the Net Owned Fund (NOF) of NBFCs has been withdrawn in respect of all NBFCs that are statutorily registered with RBI and are engaged in the principal business of asset financing, loan, factoring, and investment activities.  Accordingly, banks may extend need-based working capital facilities as well as term loans to all NBFCs registered with RBI and engaged in infrastructure financing, equipment leasing, hire-purchase, loan, facto

New Delhi: The table turns for Axis Bank, the bank has emerged as the fourth most valued bank in India, overtaking Kotak Mahindra Bank. This happens when Kotak Mahindra Bank has been stopped by RBI to onboard the new customers online due to security concerns and deficient IT infrastructure.  Due to all this incident, Kotak Mahindra Bank's shares plummeted by nearly 12% on Thursday after the RBI imposed restrictions on the bank, barring it from onboarding new customers digitally and i

New Delhi: The Engineers India Limited (EIL) team is at the forefront of driving innovation and research towards the indigenization of the oil & gas sector while charting a roadmap for Bharat's Energy Self-Reliance. The company has collaborated with reputable industry bodies and academia to develop cutting-edge process technologies, including Sulphur Recovery Units, Diesel Hydrotreating technology, Solvent Dewaxing Deoiling technology, Desalter technology, and more.   

New Delhi: NTPC Kanti was among the first stations to start the GEM program pan NTPC. GEM (Girl Empowerment Mission) program aims to empower girls by providing them with education and skills necessary for their holistic development. NTPC Kanti inaugurated the Girl Empowerment Campaign 2024 on Thursday. The program was inaugurated by Mr. Manoj Sinha, General Manager (Contracts and Materials & Technical Services). A total of 40 girls from various villages of Kanti Block are participating in

 The Reserve Bank of India has come out with regulations under Foreign Exchange Management (FEMA) to provide stimulation to Indian companies for international listing exchanges. The Regulations are provided through two public notifications. The first set of regulations deals with the mode of payment and reporting of non-debt instruments. “The proceeds of purchase or subscription of equity shares of an Indian company listed on an International Exchange shall either be remitted

The Insurer-giant PSU LIC has reduced its stakes in the largest investor in State-owned Banks and OMCs, trimming its exposure on PSUs.  During the last year, the average holding in 20 PSBs has come down to 11.9% from 12.7%. On an average period of two years, LIC has reduced its stake in most of public sector banks (PSBs) with Bank of Baroda seeing the biggest reduction of nearly five percentage points (ppts) since June 2015.

New Delhi: Coal India organised a training program for Capacity building for Mining contracts. Dr. B. Veera Reddy, Director (Technical), Coal India Limited/Additional Charge, Chairman and Managing Director, Central Coalfields Limited, inaugurated the programme virtually. 

BHEL is set to play a major role in the significant thermal capacity addition plan of Govt. of India by 2031-32 and is equipped to capitalise on these emerging opportunities. The company aimed at further strengthening to meet upcoming execution challenges along with its contractors and suppliers, the company’s Central Procurement Cell (CPC) organised a business associates meet to get their views for expeditious execution.