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SBI Q4 net up 23% at Rs 3,742 cr

New Delhi, May 22 : Country’s largest bank SBI today reported a 23% jump in net profit at Rs 3,742 crore for the quarter ending March 2015. It was Rs 3,041 crore for the same period a year ago. Gross NPA during the quarter was at 4.25%...
NTPC and IITB sign MoU for R& D

NTPC and IITB sign MoU for R& D

NTPC Ltd and IITB have signed a Memorandum of Understanding for Research and Development in the areas of mutual interest mainly Solar PV, Solar Thermal, Process improvement & Heat transfer, Robotics etc. in  Mumbai recently. Under this MoU, joint...
Syndicate Bank to raise Rs.5,550 crore funds

Syndicate Bank to raise Rs.5,550 crore funds

Chennai, May 20  Government-owned Syndicate Bank on Tuesday said it plans to raise Rs.5,550 crore funds – a mix of equity and debt – at an appropriate time. In a regulatory filing in the BSE, the Syndicate Bank said its board of directors...
MRPL’s Vishnu Agrawal conferred the ‘BT-STAR PSU DIRECTOR-FINANCE OF THE YEAR’  AWARD

MRPL’s Vishnu Agrawal conferred the ‘BT-STAR PSU DIRECTOR-FINANCE OF THE YEAR’ AWARD

Mangalore, 19th May 2015 :  Shri Vishnu Agrawal, Director Finance of MRPL was adjudged winner of the ‘BT-STAR Excellence Award in the category PSU- small,- DIRECTOR-FINANCE OF THE YEAR’ post a rigorous evaluation process by the Jury of the BT-Star...
powergrid

Power Grid shareholders’ nod to raise Rs.13,000 crore in fiscal

New Delhi, May 18 (IANS) State-run Power Grid Corp said on Monday it has received shareholders’ approval to raise up to Rs.13,000 crore from domestic and external sources during the current fiscal.“The shareholders of the company have approved...
Director ( Finance ) NTPC Honored

Director ( Finance ) NTPC Honored

Kulamani Biswal, Director ( Finance ) NTPC has been honored with BT-STAR PSU Director Finance of the Year Award (Maharatna & Navratna) for his diligence, best practices  and exemplary contributions in the area of Financial Management. Award was...
NLC bags the coveted “BT Star PSU for Excellence in CSR” Award

NLC bags the coveted “BT Star PSU for Excellence in CSR” Award

The Neyveli Lignite Corporation has bagged the BT (Bureaucracy Today) Star PSU For Excellence in Corporate Social Responsibility Award (Maharatna and Navaratna Category). The award, given in recognition of its commitment and continuous engagement with...
GROW WELL – DO WELL : Director HR, NLC

GROW WELL – DO WELL : Director HR, NLC

The Valedictory function of the 44th Tamilnadu State Junior Open & 29th State Junior Girls Chess Championship 2015 was conducted at Neyveli Lignite Hall. NLC had organized the tournament at NLC Middle School, Block-9 from 12th to 16th May 2015. For...
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Coal India employees donate Rs.5 crore to PM’s relief fund

Kolkata, May 16  Employees and workmen of the world’s largest coal miner, Coal India Limited (CIL), on Friday contributed Rs.5 crore to the Prime Minister’s National Relief Fund for quake ravaged Nepal and some of the Indian states. CIL chairman...
Dharmendra Pradhan visits ONGC Western Offshore; Reviews E&P performance

Dharmendra Pradhan visits ONGC Western Offshore; Reviews E&P performance

Dharmendra Pradhan, Minister of State (I/C) Petroleum & Natural Gas visited the ONGC installations and facilities in the Mumbai High Western Offshore on May 14, 2015. He was accompanied by Shri U.P Singh, Joint Secretary (Exploration) MoPNG, Shri...
NTPC Honored at the D&B Corporate Awards 2015

NTPC Honored at the D&B Corporate Awards 2015

Dr Arup Roy Choudhury, CMD received the D&B Corporate Award 2015 for exemplary performance of NTPC as leader of the power sector on 13th May.The award was presented by Yashwant Sinha, Former Finance Minister & veteran Parliamentarian at a glittering...
PFC received “Dun & Bradstreet Corporate Award 2015”

PFC received “Dun & Bradstreet Corporate Award 2015”

New Delhi, May 14 : PFC received “Dun & Bradstreet Corporate Award 2015” in the category of “FIs/NBFCs/ Financial Services Infrastructure Finance Company”. M. K. Goel, Chairman and Managing Director, Power Finance Corporation received this...
Cabinet approves stake sale in Indian Oil, NTPC

Cabinet approves stake sale in Indian Oil, NTPC

New Delhi, May 14  The union cabinet on Wednesday approved the sale of a 10 percent stake in the Indian Oil Corporation (IOC) and 5 percent stake in the NTPC, a government source said here. The proposed sale of five percent stake in National Thermal...
CMD, HUDCO receives ‘Legend CMD of the Year Award’ by News Ink

CMD, HUDCO receives ‘Legend CMD of the Year Award’ by News Ink

New Delhi, May 14 : Dr. M. Ravi Kanth, Chairman & Managing Director, HUDCO was awarded the ‘Legend CMD of the Year Award – 2014’ and Housing and Urban Development Corporation Limited (HUDCO) was presented the ‘Legend PSU of the Year Award...
IndianOil and GAIL sign MoU with Dhamra LNG Terminal Pvt. Ltd

IndianOil and GAIL sign MoU with Dhamra LNG Terminal Pvt. Ltd

New Delhi, May 14, 2015: IndianOil and GAIL (India) Ltd., two Maharatna Public Sector Companies of India have signed MoU with Dhamra LNG Terminal Private Limited (DLTPL), a Company owned by Adani Enterprises Limited. DLTPL’s project shall be an onshore...
BHEL surpasses Government’s Capacity Addition Target for 2014-15 by 19%

BHEL surpasses Government’s Capacity Addition Target for 2014-15 by 19%

New Delhi, May 14: Accelerating its project execution momentum as part of its six point agenda for dynamic growth, Bharat Heavy Electricals Limited (BHEL) has surpassed the capacity addition target, set by the Government for utility projects, by 19%....
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UCO Bank net dips 27 percent in Q4

Kolkata, May 13 State-run UCO Bank posted net profit of Rs.209 crore for fourth quarter of 2014-15, which is 27 percent lower than Rs.285 crore in like period year ago. According to the bank’s financial results for Q4 and fiscal 2015, sequentially...
Vijaya Bank’s net profit rises 5.65 percent in 2014-15

Vijaya Bank’s net profit rises 5.65 percent in 2014-15

Bengaluru, May 13 Government-run Vijaya Bank on Tuesday said its net profit in 2014-2015 rose by 5.65 percent at Rs.439.41 crore against Rs.415.91 crore during 2013-14. The bank’s net revenue in the review period went up by 15.2 percent at Rs.13,152.49...
MoU for Ultra Mega Steel Project signed in presence of PM

MoU for Ultra Mega Steel Project signed in presence of PM

An MoU was signed for setting up an Ultra Mega Steel Project (UMSP) in District Bastar, Chhattisgarh in presence of Prime Minister, Narendra Modi between Steel Authority of India Limited and Government of Chattisgarh. Minister of Steel & Mines, Narendra...
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Modi dedicates India’s largest blast furnace plant to nation

Burnpur (West Bengal), May 11  Prime Minister Narendra Modi on Sunday dedicated to the nation the upgraded IISCO Steel Plant (ISP), that houses the country’s largest blast furnace and has been modernised by the central government at a cost of Rs.16,000...
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