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Selling less gold coins may not reduce consumption: SBI chief

Selling less gold coins may not reduce consumption: SBI chief

Kolkata, May 19  State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the central bank’s request to banks not to aggressively sell gold products may not lead to a reduction in consumption and greater steps are required to...
ONGC deciding whether to bid for HPL stake: Vasudeva

ONGC deciding whether to bid for HPL stake: Vasudeva

Kolkata, May 18  State-owned energy major ONGC Friday said it is at present “examining” whether to bid for cash-strapped Haldia Petrochemicals Ltd (HPL) as the West Bengal government has recently invited expressions of interest for selling...
SAIL, RINL allowed direct charter of ships for coal imports

SAIL, RINL allowed direct charter of ships for coal imports

New Delhi, May 17  The union cabinet allowed the Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL) to directly charter ships without going through the government’s chartering organization TRANSCHART. According to a steel...
ONGC unveils its First Green Building at Dehradun

ONGC unveils its First Green Building at Dehradun

New Delhi, May 15 : Set to become an iconic building of Uttarakhand, first Green Building of ONGC was inaugurated at Dehradun by CMD Sudhir Vasudeva. The building has been named ‘Green Hills’, to highlight the environment-friendly and energy-efficient...
United Bank plans QIP for raising Rs.1,000 crore

United Bank plans QIP for raising Rs.1,000 crore

Kolkata, May 15 Public sector United Bank of India is planning to opt for a qualified institutional placement (QIP) for raising about Rs.1,000 crore capital, a top official of the bank said. The kolkata-headquartered bank will use the capital for overseas...
Air India to start flights at Dharamsala, Kullu from May 15

Air India to start flights at Dharamsala, Kullu from May 15

Shimla, May 15  National carrier Air India’s subsidiary Alliance Air will start regular flights between New Delhi and Dharamsala and Kullu from Wednesday, an airport official said. The services would be the first in eight months as only Kingfisher...
ONGC registers one of world’s biggest Clean Development Mechanism projects

ONGC registers one of world’s biggest Clean Development Mechanism projects

New Delhi, May 14 : Maharatna ONGC has registered the OTPC Power Project of its ONGC Tripura Power Corporation Limited (OTPC) as a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC), under...
NTPC, Director (Projects) Awarded

NTPC, Director (Projects) Awarded

New Delhi, May 14 : B P Singh, Director (Projects), NTPC Limited has been felicitated by GEOMINETECH, Bhubaneswar as ” Best Director Projects Corporate Management Excellance Award 2012-13 “. The Award was given during  the 13th Annual Geominetech...
Air India to reduce free baggage allowance

Air India to reduce free baggage allowance

Mumbai, May 11  National carrier Air India said it will lower the free baggage allowance (FBA) by five kg on economy class of all its domestic flights from May 13 and will impose a flat rate of Rs.250 per kg for baggage over the FBA. “Free baggage...
NTPC posts Q4 profits of Rs.4,381 crore

NTPC posts Q4 profits of Rs.4,381 crore

New Delhi, May 10 State-run power generator NTPC posted a 69 percent year-on-year rise in profit for the fourth quarter ended March to Rs.4,381 crore. The company’s sales for the quarter grew marginally to Rs.16,461 crore, up a little over one percent...
Punjab National Bank Q4 net profit dips 20.6 percent

Punjab National Bank Q4 net profit dips 20.6 percent

New Delhi, May 9 Punjab National Bank’s net profit dropped 20.6 percent during the fourth quarter (January to March) of fiscal 2012-13. It posted net profit of Rs.1,130.8 crore during the quarter compared to Rs.1,424.06 crore for the quarter ended...
CMD, NTPC Reviews Progress  at Coal Mining Projects

CMD, NTPC Reviews Progress at Coal Mining Projects

New Delhi, May 09 : Dr. Arup Roy Choudhury, Chairman and Managing Director, NTPC reviewed Pakri Barwadih, Chatti Bariatu & Kerendari Coal mining projects at NTPC site office in Hazaribagh, Jharkhand. N.N. Misra, Director Operations , U.P. Pani, Director...
Air India to stop ‘companion free scheme’ for employees

Air India to stop ‘companion free scheme’ for employees

New Delhi, May 9  The government directed national carrier Air India to stop the “companion free (travel) scheme” (CFS) which allowed its employees to take their spouse or any other family member for free on the fare of a single ticket. The...
UCO Bank Q4 net slides 80 percent

UCO Bank Q4 net slides 80 percent

Kolkata, May 8  Public sector lender UCO Bank registered 80.40 percent slide in its net profit to Rs.59.55 crore for the quarter ended March 31, 2013 from Rs.252.84 crore during the same period in the previous year. Total income of the Kolkata-headquartered...
Northern Region of BHEL commissions 2,053 MW in FY 12-13

Northern Region of BHEL commissions 2,053 MW in FY 12-13

New Delhi, May 6 : Out of the 10,340 MW of capacity addition in FY 2012-13 by Bharat Heavy Electricals Limited (BHEL), the company’s Power Sector – Northern Region (PS-NR) construction division contributed 2,053 MW. This includes addition of 1,654...
IOC raises Rs.1700 crore through bonds

IOC raises Rs.1700 crore through bonds

New Delhi, May 2  State-run Indian Oil Corp (IOC) Thursday said it has raised Rs.1,700 crore from the domestic bond market to meet working capital requirements. In a statement here, IOC said it has raised capital through a domestic bond issue at a new...
Life time Achievement Award’ to GM NTPC -CenPEEP

Life time Achievement Award’ to GM NTPC -CenPEEP

New Delhi, May 01 : Pankaj Bhartiya, General Manager, NTPC –Centre for Power Efficiency and Environmental Protection ( CENPEEP)  has been conferred with ‘Life time Achievement Award’ by the International Society of Automation (ISA) Delhi Section,...
ONGC announces three significant oil  and gas discoveries in KG basin

ONGC announces three significant oil and gas discoveries in KG basin

New Delhi, May 01 : State-run Oil & Natural Gas Corp (ONGC) has announced three “significant new oil and gas discoveries”, two in the prolific Krishna-Godavari basin blocks and one in a western offshore block. The company is yet to ascertain...
NTPC ranked 3rd Best Company in Rewards & Recognition-2013

NTPC ranked 3rd Best Company in Rewards & Recognition-2013

New Delhi, May 01 : NTPC ranked 3rd Best Company in Rewards & Recognition-2013. NTPC has been selected as one of India’s Best Companies for Rewards & Recognition in 2013 in a  study conducted by Great Place To Work ® Institute India, in partnership...
State Bank of India’s CSR initiatives

State Bank of India’s CSR initiatives

Mumbai, April 30, 2013: Pratip Chaudhuri, Chairman, State Bank of India, under State Bank’s Corporate Social Responsibility Activity (CSR), donated a School Bus to Ramakrishna Math Saradha Vidyalaya, Madurai. The school is run by Sri Ramakrishna Math,...