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
NRL and OIL signs long term agreement
New Delhi: A new long-term agreement was signed between NRL and OIL for enhanced capacity of petroleum product transportation through OIL’s Numaligarh Siliguri Product Pipeline (NSPL). Director Operations OIL Mr. Pankaj Kumar Goswami and Director Finance NRL Mr. Sanjay Choudhuri signed the Agr
Posted Date : 21-05-24
SCOPE-ILO release first of its kind study on ‘Skilling for Future’
New Delhi: Standing Conference of Public Enterprises (SCOPE) and the International Labour Organization (ILO) released a joint study titled ‘Skilling for Future in PSEs: An ILO -SCOPE study on skills profiles in PSEs’ in the presence of Ms. Michiko Miyamoto, Country Director, ILO India; M
Posted Date : 21-05-24
Uber becomes first aggregator to operate buses in Delhi
Mumbai: Uber, India’s leading ride-hailing app, has been granted an aggregator license by the Transport Department, Government of Delhi, to operate buses under the Delhi premium Bus Scheme.
Delhi becomes the first State to award a license for bus operations and Uber becomes the first aggreg
Posted Date : 21-05-24
Impact Assessment of CSR Projects for Sustainable Change
New Delhi: Corporate Social Responsibility (CSR) has evolved into a crucial component of business strategy, reflecting a company's commitment to making a positive impact on society and the environment. However, the mere adoption of CSR initiatives is not enough; it is equally important to assess
Posted Date : 21-05-24
SBI acquires 6.125% stake in CCIL IFSC
State Bank of India (SBI) has executed transaction documents to acquire a 6.125% stake in CCIL IFSC Limited for Rs 6.125 crore.
CCIL IFSC has been incorporated with an authorized and paid-up capital of ?200 crore and ?100 crore, respectively, and thus will be operated via the foreign currency set
Posted Date : 21-05-24
NTPC Bongaigaon and Bardwi Shikla Ladies Club join hands to Enhance Educational Infrastructure and Community Empowerment
In a heartening display of commitment to education and community welfare, NTPC Bongaigaon, CSR Wing in collaboration with BSLC (Bardwi Shikla Ladies Club), orchestrated the distribution of 60 desk and benches to five schools in the vicinity of the power station. Smt. Bindu Namboothiri, President of
Posted Date : 21-05-24
TReDS platform RXIL crosses Rs 1 lakh crore in MSME invoice financing
The Trade Receivables Discounting System (TReDS) platform, the Receivables Exchange of India Ltd (RXIL), has financed over 50 lakh invoices totaling Rs 1 lakh crore.
The joint venture RXIL between SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank, provides working capi
Posted Date : 21-05-24
Bank of Maharashtra tops among PSBs in Business Growth in FY24
Bank of Maharashtra has emerged as a top performer among public sector banks, with impressive growth in total business and deposit mobilization. With a 15.94% rise in total business and a 15.66% increase in deposits, it crosses over the State Bank of India.
In terms of total b
Posted Date : 21-05-24
NTPC Bongaigaon Promotes Hygiene Awareness at Salakati ME School During Swachhata Pakhwada 2024
New Delhi: In line with the nationwide Swachhata Pakhwada initiative which started from 16th May to 31st May,2024, NTPC Bongaigaon today organized a Swachhata Talk at Salakati ME School, where 100 enthusiastic students participated. The event aimed to instill the importance of cleanliness and hygien
Posted Date : 21-05-24
NHPC Opens Bids For 200 MW Solar Project In Khavda, Gujarat
NHPC Opens Bids For 200 MW Solar Project At Khavda, Gujarat. National Hydroelectric Power Corporation (NHPC) has invited bids for the commissioning of a 200 MW grid-connected solar PV power project in Gujarat State Electricity Corporation Limited (GSECL) renewable energy (RE) solar parks at Kha
Posted Date : 21-05-24
IRFC Q4 results, net profit increases 33.6 percent
The Shares of State-owned Indian Railway Finance Corporation (IRFC) surged 4.6 percent at Rs 181 per share on the BSE after the railway PSU announced its quarter results.
The company reported a 33.6 percent year-on-year increase in net profit reaching Rs 1,717 crore compared to Rs 1,285 crore in
Posted Date : 21-05-24
Public sector Banks may witness 30 percent surge in dividend payment to government
To enhance the country's revenue growth, the Public sector banks (PSBs) are expected to deliver approximately 30% higher dividends to the government in FY24 compared to the previous fiscal year.
The total dividends from PSBs are estimated at Rs 18,013 crore for FY24, which is noted to be a si
Posted Date : 21-05-24
Part-time Government Nominee Director appointed on Board of RVNL
The Railway PSU board has announced the appointment of N C Karmali as the Part-time Government Nominee Director of the RVNL board. As per the exchange filing of the railway PSU the appointment has been made by the President of the India.
Ministry of Railways, Government of India, has c
Posted Date : 21-05-24
Coal ministry upholds a 25% increase in Coal stocks
The Union coal ministry has notified that there is a substantial increase in coal stocks, with the total coal reserves at pit heads and en route to thermal power plants (TPPs) recorded at 147 million tonnes (MT) as of May 15, 2024. Sequentially this marks a 25 per cent increase compared to the 117MT
Posted Date : 21-05-24
SAIL Q4 results, Net profit reported Rs 1,126 cr
The State-owned firm SAIL has reported a consolidated net profit declined to Rs1,126 cr from Rs 1,159 crore a year earlier for the quarter-end. Meanwhile, Input costs rose about 2% to Rs 15,130 crore.
The Revenue from Operations for the Company has been the highest ever during FY’24. This w
Posted Date : 21-05-24
BEL registers a growth of 34% in PAT during FY 2023-24
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Turnover of Rs.19819.93 Crore, registering a growth of 14.35% during FY 2023-24 over the Turnover of Rs.17333.37 Crore recorded during the previous year.
During the 4th Quarter of FY 2023-24, BEL achieved a Tur
Posted Date : 20-05-24
Repayment of remaining $550m bond achieving a zero-debt position at HoldCo
London and Lagos: Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, confirms that its subsidiary, Bharti Airtel International (Netherlands) B.V., has repaid in full the 5.35% Guaranteed Senior Notes maturing on 20 May 2024. This bond repayment of $550m
Posted Date : 20-05-24
SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India
Chennai: Airbus Helicopters and Small Industries Development Bank of India (SIDBI), the Government of India’s principal financial institution for promoting, financing and developing the Micro, Small and Medium Enterprise (MSME) sector, have signed a Memorandum of Understanding (MoU) for financ
Posted Date : 20-05-24
NTPC Bongaigaon Inaugurates Innovative Safety Observation Kiosk for Contract Labourers
NTPC Bongaigaon has taken a significant step towards enhancing workplace safety with the inauguration of Safety Observation Kiosk, a pioneering system developed by the site's IT Department. The kiosk was inaugurated by Shri K. C. Muraleedharan, Business Unit Head of NTPC Bongaigaon.
This inno
Posted Date : 20-05-24
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Tata Motors’ arm TPEM and TMPV join hands with Bajaj Finance to offer financing program
To ease financing for the dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors, India’s leading automotive manufacturer, have joined hands with Bajaj Finance, part of Bajaj Finserv Ltd., one of India’s leading and
Posted Date : 20-05-24