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SIDBI Partners with Airbus Helicopters to Finance Helicopter Purchases in India

SIDBI Partners with Airbus Helicopters to Finance Helicopter Purchases in India

Government-authorized SIDBI has collaborated with Airbus Helicopters and seeks helicopter financing in India through a recent Memorandum of Understanding (MoU).  This partnership aims to facilitate the financing of Airbus helicopters for potential civil operators in the country. Under the MoU, SIDBI and Airbus Helicopters will jointly identify and evaluate potential helicopter operators in India seeking financing for Airbus helicopters. Airbus will leverage its technica

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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 significant increase from Rs 13,804 crore in FY23, reflecting their robust financial performance. Top Dividend Contributors among PSBs- Leading dividend payout list is dominated by  State Ban

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Public sector Banks may witness 30 percent surge in dividend payment to government
SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India

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 financing the purchase of Airbus’ helicopters in India. The MoU was signed by Rahul Priyadarshi, Chief General Manager, SIDBI and Sunny Guglani, Head of Airbus Helicopters, India and South Asia. Un

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THDCIL’s ‘HR Retreat: Navigating Emerging Trends’ to Drive Excellence in Public Sector HR Management Culminated

New Delhi: The "HR Retreat: Navigating Emerging Trends" a transformative training program organized at Takshashila Sustainable Livelihood & Community Development Centre by THDCIL concluded today in Rishikesh. Speaking on the occasion, Sh. R. K. Vishnoi, Chairman and Managing Director, THDCIL mentioned that the program was aimed to address the evolving needs of the power sector workforce and offer them with proven and modern HR Technological Solutions.  Providing insights in

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THDCIL’s ‘HR Retreat: Navigating Emerging Trends’ to Drive Excellence in Public Sector HR Management Culminated
Unlocking the Future: SHRM Tech 2024 Elevates Indian Public Sector Enterprises

Unlocking the Future: SHRM Tech 2024 Elevates Indian Public Sector Enterprises

Introduction The SHRM HR Tech 2024 Conference, held on May 9th and 10th at the HICC Novotel in Hyderabad, marked a significant milestone for Indian Public Sector Enterprises (PSEs) in the realm of HR technology. With a focus on blending traditional human-centric practices with cutting-edge advancements, the conference provided a comprehensive platform for PSEs to explore the latest in Work Tech. "Past Forward" - The Theme of SHRM Tech Conference 2024 Under the theme "Past

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LIC Housing Finance Q4 Results,Net profit falls over 7% YoY to Rs 1,091 crore

 LIC Housing Finance has announced its quarterly results of the March-end year reporting a 7.5% year-on-year fall in net profit at Rs 1,091 crore for the fourth quarter, against Rs 1,180 crore in the year-ago period. The gross profit for the quarter stood a slight higher at Rs 1,476 crore, against Rs 1,445 crore. The net profit for the previous year period was Rs 1,180 crore. The company's board recommended a 450% dividend for FY24. The shareholders w

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 LIC Housing Finance Q4 Results,Net profit falls over 7% YoY to Rs 1,091 crore
LIC granted three year time to achieve 10% public shareholding

LIC granted three year time to achieve 10% public shareholding

State-run insurance giant Life Insurance Corporation of India (LIC) today announced that it has got a three-year extension from markets regulator Sebi to comply with minimum public shareholding norms. According to the exchange filing made by the company, "This is to inform that Securities and Exchange Board of India vide its letter dated May 14, 2024, has conveyed its decision, to grant additional time of 3 years to LIC to achieve 10 percent public shareholdings under Rule 19(2)(b)(iv) o

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Public sector banks' total profit surpasses Rs 1.4 lakh crore in FY24

The cumulative profit of Public sector banks has touched the figure of Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 percent over the previous year on a high base of Rs 1 lakh crore. Out of the total profit of Rs 141,203 crore earned during the FY24, the incumbent State Bank of India (SBI) alone contributed over 40 percent of the total earnings, as per the published numbers on exchanges. The largest public sector Bank SBI has rolled over a pro

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Public sector banks' total profit surpasses Rs 1.4 lakh crore in FY24
DoT, MHA and State Police join hands to combat cyber fraudsters

DoT, MHA and State Police join hands to combat cyber fraudsters

Department of Telecommunications (DoT), Ministry of Home Affairs (MHA), and State Police have joined hands to curb the misuse of telecom resources in cyber-crime and financial frauds. This collaborative effort aims to dismantle networks of fraudsters and protect citizens from digital threats. Analysis carried out by MHA and State Police has revealed that 28,200 mobile handsets were misused in cybercrimes. The DoT further analyzed and found that a staggering 20 lakh numbers were used with

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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.

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

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