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18rbi

RBI imposes Rs 5 cr penalty on Bank of Baroda

Mumbai, July 25  The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore ($754,000) on the Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, the public sector lender said...
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SBI signs MoU with Indian Oil Corporation to empower Indian farmers

Mumbai – July 25, 2016: State Bank of India, country’s largest commercial bank entered into an MoU with Indian Oil Corporation (IOC) to engage IOC’s Kisan Seva Kendras (KSK) as Business Correspondents (BCs) of SBI. The MoU is an initiative as part...
MoS(I/c), MoP&NG unveils Golden Jubilee Stupa and inaugurates Mounded Bullet facilities

MoS(I/c), MoP&NG unveils Golden Jubilee Stupa and inaugurates Mounded Bullet facilities

Dharmendra Pradhan, Minister of State (Independent Charge), Ministry of Petroleum & Natural Gas, Government of India, participated in the Golden Jubilee Celebrations of CPCL on July 23, 2016 at CPCL’s Manali Refinery. Minister unveiled the Golden...
SAIL Must Leverage Its R&D Strengths to the Fullest for Improving the Performance of the Steel Industry in The Country

SAIL Must Leverage Its R&D Strengths to the Fullest for Improving the Performance of the Steel Industry in The Country

The Minister of Steel, Chaudhary Birender Singh reviewed the performance of Steel Authority of India Limited (SAIL) today at Steel Ministry in UdyogBhawan New Delhi. The Minister of State for Steel Shri Vishnu Deo Sai, the Secretary Steel, Aruna Sundararajan,...
Prime Minister unveils Foundation Stone for revival of Fertilizer Unit

Prime Minister unveils Foundation Stone for revival of Fertilizer Unit

Narendra Modi, Hon’ble Prime Minister paving the way for prosperity of farmers in India and making the urea available, unveiled the foundation stone, today at Gorakhpur, for the revival of gas based Gorakhpur Fertilizer plant, implemented by ‘Hindustan...
PNB holds Vigilance Officers Conference

PNB holds Vigilance Officers Conference

  Photo from L to R Dr. S. A. Jawed (DGM Vigilance), Usha Ananthasubramanian (Managing Director & CEO) and S. K. Nagpal (Chief Vigilance Officer Punjab National Bank organised a seminar of Vigilance Officers of the Bank, on 21st July 2016, at ...
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ONGC Videsh raises $1 bn by dollar bonds for Vankor stake purchase

New Delhi, July 22  State-run explorer ONGC’s overseas arm ONGC Videsh Ltd (ONGC) has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia’s Vankor oil field, the company said in a stock...
Kudankulam unit 2 physical start-up process begun: Sources

Kudankulam unit 2 physical start-up process begun: Sources

New Delhi, July 22  The physical start-up of the second unit of the Kudankulam Nuclear Power Plant (KNPP) in Tamil Nadu that went critical last week has been conducted successfully, a source at the plant said on Thursday. “Physical start-up phase...
OIL bags SCOPE Corporate Communications Excellence Awards

OIL bags SCOPE Corporate Communications Excellence Awards

Oil India Limited (OIL), the second largest National E&P Company of the country was conferred the first prize in the SCOPE Corporate Communications Excellence Awards, 2016, in the “Innovative stakeholder Interface” and the “Best External Communication...
NTPC bags three Corporate Communication Awards

NTPC bags three Corporate Communication Awards

NTPC has bagged 1st Prize of SCOPE Corporate Communication Excellence Awards 2016 in the Category of “Brand building through inclusive Growth initiatives”, 2nd Prize in the Category of “Best Internal Communication Programme ” and Consolation...
MoU Signed between HUDCO and MoHUPA

MoU Signed between HUDCO and MoHUPA

The Memorandum of Understanding for the year 2016-17 was signed between Housing and Urban Development Corporation Limited (HUDCO) and Ministry of Housing & Urban Poverty Alleviation (MoHUPA) with Dr. Nandita Chatterjee, Secretary (MoHUPA) and Dr....
hindustan_zinc

Hindustan Zinc’s net profit dips 47% in Q1

Udaipur, July 21  Zinc-lead producer Hindustan Zinc on Wednesday said it has posted a 47 per cent decrease in its net profit to Rs 1,037 crore in the quarter ended June 30 as compared to Rs 1,940 crore in the corresponding quarter last year.Revenues...
SAIL supports sprinter Dharambir Singh to Rio Olympics

SAIL supports sprinter Dharambir Singh to Rio Olympics

  New Delhi, July 20, 2016: Minister for Steel, Chaudhary Birender Singh conferred the SAIL logo and felicitated Rio Olympics athlete Dharambir Singh, in New Delhi on July 20, 2016. Minister of State for Steel, Vishnu Deo Sai, Secretary, Steel, Aruna...
NTPC Ltd. inks MoU with IIT, Delhi for Research Fellows

NTPC Ltd. inks MoU with IIT, Delhi for Research Fellows

NTPC Ltd. through its R&D wing “NTPC Energy Technology Research Alliance” (NETRA) has entered into MoU with IIT, Delhi recently to encourage IIT,Delhi  Ph.D students to pursue Ph.D course under “NTPC Research Fellowship Programme” on topics...
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BHEL commissions 40 MW Hydro Power Plant in West Bengal

New Delhi, July 20: Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the third unit of the 4×40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal.   A run-of-the-river greenfield project located in Darjeeling...
Guruprasad Mohapatra takes over as AAI Chairman

Guruprasad Mohapatra takes over as AAI Chairman

New Delhi, July 19  Guruprasad Mohapatra, an IAS Officer of the 1986 batch, on Tuesday took over as Chairman, Airports Authority of India (AAI).“Guruprasad Mohapatra, IAS Officer of Gujarat Cadre, (1986 Batch) in the rank of Additional Secretary to...
PNB Organises Loan Camp at Jaipur

PNB Organises Loan Camp at Jaipur

Usha Anathasubramanian, Managing Director & CEO distributing loan under Mudra Scheme Usha Ananthasubramanian, Managing Director and CEO of Punjab National Bank  inaugurated two new branches Pawta and Manoharpur, 2 ATMs and E-Lobby in JNU Engineering...
Russian Prime Minister at POWERGRID Stall

Russian Prime Minister at POWERGRID Stall

New Delhi, July 19  Prime Minister of Russia, Mr. Dmitry Medvedev visited POWERGRID Stall at INNOPROM 2016 International Industrial Trade Fair held at Ekaterinburg, Russia from 11th – 14th July, 2016. He interacted with POWERGRID Team led by...
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Government to recapitalise 13 state-run banks with Rs 22,915 crore

New Delhi, July 19  The Ministry of Finance on Tuesday announced the much-awaited capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17, with the largest amount earmarked for the country’s largest...
NBCC, CMD Conferred Life Time Achievement Award

NBCC, CMD Conferred Life Time Achievement Award

Dr. Anoop Kumar Mittal, CMD, NBCC, has been conferred “Life Time Achievement Award 2016” awarded by Construction Times at “Construction Times Builders Award- 2016” Ceremony held on June 29, 2016 in Mumbai. Dr. Mittal assumed the office of CMD,...
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