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PUNJAB NATIONAL BANK BAGS RBI RAJBHASHA AWARD

PUNJAB NATIONAL BANK BAGS RBI RAJBHASHA AWARD

Mumbai, May 26 Punjab National Bank has been awarded three prizes in RBI Rajbhasha shield competition for the excellent performance in implementation of Hindi in Bank for financial year 2014-15. Besides above ‘PNB Staff journal’ got the second prize...
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ONGC Q4 net grows 12 percent on exceptional gain

New Delhi, May 26 (IANS) State-run explorer Oil and Natural Gas Corp (ONGC) on Thursday reported an over 12 percent rise in net profit for the fourth quarter ended March on the back of an exceptional gain, on a day when global crude oil prices touched...
PNB Launches its E-University ‘PNB UNIV’

PNB Launches its E-University ‘PNB UNIV’

Usha Ananthasubramanian, Managing Director & CEO, Punjab National Bank (PNB) launched ‘PNB UNIV’ a Mobile App & Web Based E- learning portal to widen the reach of trainings and leverage technology for its employees. She called upon the staff...
GAIL Q4 net jumps 51 percent on higher gas transmission

GAIL Q4 net jumps 51 percent on higher gas transmission

New Delhi, May 25 (IANS) State-run gas utility GAIL (India) on Wednesday reported a healthy 51 percent rise in net profits at Rs.770 crore for the fourth quarter ended March buoyed by higher volumes of gas transmission and bigger trading margins. The...
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First 800 MW Supercritical Thermal Power Plant in Karnataka commissioned by BHEL

New Delhi, May 25: Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first 800 MW Supercritical thermal unit in Karnataka, which is also the highest rating unit in the state. The unit has been commissioned at the 2×800 MW...
NLC BAGS ‘NATIONAL AWARD FOR OUTSTANDING INDUSTRIAL  RELATIONS’ FOR THE YEAR 2014-15

NLC BAGS ‘NATIONAL AWARD FOR OUTSTANDING INDUSTRIAL RELATIONS’ FOR THE YEAR 2014-15

NLC has been conferred with the ‘National Award for Outstanding Industrial Relations’ for the year 2014-15 by All India Organization of Employers (AIOE) an allied body of FICCI, for its Industrial Relations. Bandaru.Dattatreya, Minister of  Labour...
NLC Celebrates 60th Raising Day

NLC Celebrates 60th Raising Day

NLC  celebrated its 60th Raising Day with festivity and enthusiasm by recalling historical occasion, 20th   of  May 1957, the day  NLC’s mining operations were commenced by the then Prime Minister of India Pandit Jawaharlal Nehru. Shri Sarat Kumar...
CMD, NBCC IS THE NEW PRESIDENT OF DMA

CMD, NBCC IS THE NEW PRESIDENT OF DMA

Mr. Anoop Kumar Mittal, CMD, NBCC, has been selected as the new President of Delhi Management Association (DMA), a Delhi based premier professional body contributing to the sphere of Business Management Excellence. The charge takes effect from May, 2016. The...
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`Merger of six banks to cost SBI $250 million’

Chennai, May 20  Global credit rating agency Moody’s Investors Service on Friday said the merger idea mooted by State Bank of India (SBI) of six banks with itself would cost around Rs. 16.6 billion ($250 million) and will have limited impact on...
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Kudankulam unit 2 reactor fuel loading complete

New Delhi, May 19  The loading of reactor fuel into the second unit of the Kudankulam Nuclear Power Plant (KNPP) in Tamil Nadu has been successfully completed, a source at the KNPP said on Thursday.“The work of fuel loading into the second Unit...
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BHEL commissions 250 MW Thermal Unit in Maharashtra

New Delhi, May 19: Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 250 MW thermal power plant in Maharashtra. The unit has been commissioned at Parli Thermal Power Station (TPS), located in Beed district in the Marathwada...
I. S. Jha, CMD (POWERGRID) inaugurates the commencement of power flow through 1200kV National Test Station (NTS) at Bina

I. S. Jha, CMD (POWERGRID) inaugurates the commencement of power flow through 1200kV National Test Station (NTS) at Bina

I. S. Jha, CMD (POWERGRID) inaugurated the commencement of power flow through 1200kV National Test Station (NTS) on 18th May 2016 established at Bina, Madhya Pradesh by Power Grid Corporation of India Ltd & Indian Manufacturers under Public-Private-Partnership...
PNB posts massive Q4 net loss of Rs.5,367 crore

PNB posts massive Q4 net loss of Rs.5,367 crore

Mumbai, May 18  Public sector lender Punjab National Bank (PNB) on Wednesday posted a massive net loss of Rs.5,367.140 crore for the fourth quarter ended March 2016 caused by bad loans, as compared to net profit of Rs.306.56 crore in the corresponding...
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Petronet LNG Q4 net dips 20 percent on adjusting tax

New Delhi, May 18  State-run natural gas importer Petronet LNG on Tuesday reported a 20 percent decline in net profits for the fourth quarter ended March 2016 caused by reversal of tax expenses.The company posted a net profit of Rs.239 crore for the...
UBI posts Rs.413 crore net loss in Q4

UBI posts Rs.413 crore net loss in Q4

Kolkata, May 18  State-run United Bank of India on Tuesday reported a net loss of Rs.413.04 crore for the quarter ended March 31, 2016 due to fall in net interest income and high provisions to cover bad loans, as against a net profit of Rs.104.52 crore...
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NBCC Posts a Substantial 32% Growth in Topline

NBCC, the state owned Navratna Enterprise, under the Ministry of Urban Development, Govt. of India, has registered a substantial 32% Growth in Top line during FY 2015-16 as compared to the previous year. The Annual Financial Results for FY 2015-16, announced...
NTPC and Coal India Join Hands to Foray into Fertilizer Sector

NTPC and Coal India Join Hands to Foray into Fertilizer Sector

A Joint Venture Agreement (JVA) has been signed between NTPC Limited and Coal India Limited (CIL) for formation of a Joint Venture Company to take up the revival of Fertilizer Plants of Fertilizer Corporation of India Limited (FCIL) at Sindri, Bihar...
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HUDCO Registers Excellent Performance in Financial Year 2015-16

Performance and Achievement Highlights Housing & Urban Development Corporation Ltd. (HUDCO), the premier techno-financing CPSE under the Ministry of Housing and Urban Poverty Alleviation has completed yet another year of excellence, in the service...
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BHEL bags Rs.1,600 Crore order for setting up Thermal Power Project in Odisha

New Delhi, May 16: Against International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged an order for setting up a coal-based thermal power project in Odisha. The 1×250 MW coal-based thermal unit will be set up at Rourkela...
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Coal India to offer 79 million tonnes coal for e-auction

Kolkata, May 16  Coal India would tentatively offer over 79 million tonnes of coal for e-auction for power producers and also for non-power sector consumers in the August to March period of the current fiscal, the state-run mining company announced.The...
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