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NPCI and Bank of Namibia collaborated to link UPI system

The National Payments Corporation of India (NPCI) has collaborated with the Bank of Namibia (BoN) to assist in creating an instant payment system similar to the Unified Payment Interface (UPI) for the South African nation. This collaboration is being carried out with the help of NPCI International P
Posted Date : 02-05-24

GST revenue collection crosses Rs 2.10 lakh crore in April

The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST rev
Posted Date : 02-05-24

APSEZ FY24 quarter results, net profit jumps 50%

In FY24, APSEZ handled 27% of the country’s total cargo and 44% of container cargo, while the APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24. Revenue growth of 28% Y-o-Y to Rs 26,711 Cr in FY24, supported by a 30% jump in ports busi
Posted Date : 02-05-24

Federal Bank Wraps Up FY 24 With 24% Rise in Profit

Federal Bank announced the Financial Results for the quarter and year ended 31st March 2024. Total Business of the Bank reached Rs. 461937.36 Cr registering a growth of 19.11% as of 31st March 2024. Net Profit of the bank is at Rs.906.30 Cr. While the Bank has recorded the Highest Ever NII,
Posted Date : 02-05-24

MMTC Ltd appoints Siddharth Mahajan as Government Nominee Director

According to the sources, the company has informed that Shri Siddarth Mahajan, Joint Secretary, Department of Commerce has been appointed as Government Nominee Director on the Board Of MMTC Limited on 1st May 2024. He has been appointed by the Department of Commerce. The Brief Profile of Th
Posted Date : 02-05-24

Reserve Bank cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices

The Reserve Bank of India in recent circular as per the exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) issued to the Acemoney [India] Non-Banking Financial Company (NBFC). As such, the above comp
Posted Date : 02-05-24

Government cuts windfall tax on crude petroleum

The government has reduced the windfall tax on domestically produced crude oil from ?9,600 per tonne to ?8,400 per tonne, effective from May 1. Meanwhile, the SAED on diesel, petrol, and jet fuel or ATF exports will remain at a zero rate. This information was released in an official notification.
Posted Date : 02-05-24

GE VERNOVA to Build State Transmission Asset Management Centre in Odisha

GE T&D India Ltd., a listed entity of GE Vernova’s Electrification business in India, announced that it has secured orders from Power Grid Corporation of India Ltd (PGCIL) to build a State Transmission Asset Management Centre (STAMC) in Odisha, India for Odisha Power Transmissi
Posted Date : 02-05-24

Coal India Production rises by 7 percent in April

State-owned CIL on Wednesday said in a exchange filing that its production increased 7.3 per cent to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, as per the information. CIL accounts for over 80 per cent of domestic
Posted Date : 02-05-24

India Successfully Tests SMART Missile System

The Defence Research and Development Organisation (DRDO) on Wednesday conducted a successful flight test of the Supersonic Missile-Assisted Release of Torpedo (SMART) system from Dr APJ Abdul Kalam Island off the coast of Odisha. As per the Ministry of Defence, the SMART system represents the nex
Posted Date : 02-05-24

WRLDC, GRID-INDIA organized session focused on Web-Based Energy Scheduling software

New Delhi: In an effort to empower stakeholders, WRLDC, GRID-INDIA organized a session focused on Web-Based Energy Scheduling (WBES) software on 29th-30th April 2024. The session commenced with an inaugural address by Sh. V. Balaji, Executive Director WRLDC.
Posted Date : 01-05-24

SCOPE’s Art Exhibition cum Painting Competition adds colour to Public Sector Day celebrations

New Delhi: Encouraging creative minds, artists and upcoming talent, the Standing Conference of Public Enterprises (SCOPE) organized an Art Exhibition cum Painting Competition at SCOPE Social Interaction Centre (SSIC), SCOPE Complex, New Delhi, as part of Public Sector Day celebrations.
Posted Date : 01-05-24

WCL celebrates Coal Workers' Day

Team WCL celebrated Coal Workers (Miners) Day today on the occasion of International Workers' Day: 01 May 2024. Chairman-cum-Managing Director Shri Jai Prakash Dwivedi offered floral tributes at the coal miner's statue and martyr's memorial at the company headquarters. In his address,
Posted Date : 01-05-24

International Labour Day 2024: A Global Celebration of Workers' Rights and Achievements

As we approach the year 2024, it is essential to reflect on the significance of International Labour Day. This global holiday, also known as May Day, is celebrated on the 1st of May each year to honor the achievements and rights of workers around the world. It is a day to recognize the contributions
Posted Date : 01-05-24

Adani Total Gas FY24 Q4 Results: Overall Volume up by 15% in FY24, 20% in Q4 FY24

Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution (CGD) company, has announced its operational and financial performance for the full year (FY24) and quarter ended 31st March 2024. The company shares the Financial Highlights of FY24 (Standalone) Y-o-Y:
Posted Date : 01-05-24

Power Grid appoints Satyaprakash Dash as CS and Compliance Officer

The Board of Directors of the Power Grid Corporation in its meeting held on 19.04.2024 had accorded its approval for the appointment of Shri Satyaprakash Dash, General Manager - Co. Sectt., as Company Secretary and Compliance Officer with effect from 1st May 2024. Shri Satyaprakash Dash has assumed
Posted Date : 01-05-24

GE Power received orders from two state-owned PSUs and one JV entity

GE Power India Ltd has received a purchase order from two state-owned PSUs and one JV entity. The Name of the entity awarding the order is NTPC-SAIL Power Company Limited NTPC Limited. The Significant terms and conditions of the order awarded in brief is the Supply of Turbine Spares for Durgapur
Posted Date : 01-05-24

Mangaluru International Airport implements silent zone premise

The Mangaluru International Airport has implemented a new policy regarding passenger announcements, lifting away from using the public address (PA) system with such notifications. The respective change will aid a quieter environment for travelers, allowing them to utilize their time at the airport f
Posted Date : 01-05-24

India’s gold demand grows 8% in Q1 to 136.6 tonnes, despite high rates

India's gold demand rose 8% annually to 136.6 tonnes in the March quarter assisted by a strong economic environment despite surged prices, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gol
Posted Date : 01-05-24

Critical Minerals Summit Concludes on a note of Strategic Collaboration and Policy Insights

The 'Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities' concluded on a note of strategic collaboration and policy insights, marking significant strides towards India's critical minerals objectives. The summit was organized by the Ministry of Mines in coll
Posted Date : 01-05-24