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PNB Profits Up in 2nd Quarter, Total Income Also Rises

By Our Economics Editor October 21, 2014  The Punjab National Bank has registered a net profit of Rs. 5753.40 million for the quarter ended September 30, 2014 as compared to Rs. 5054.90 million for the quarter ended September 30, 2013. Total...
REC commits financial support under CSR Initiatives for Water, Sanitation and Hygiene

REC commits financial support under CSR Initiatives for Water, Sanitation and Hygiene

Exchange of MoA between Mrinal Kanti Nath, I.A.S, District Magistrate and Collector, Unakoti, Jaidev Banerjee, Zonal Manager, East Zone, REC, and Professor V. Srinivas Chary, Director, ASCI, in august presence of Tapan Chakraborty, Education Minister,...
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Major turbine problem at Kundankulam n-plant

Chennai, Oct 20  A major problem in the first atomic power unit’s turbine at Kudankulam has caused uncertainty on its early commissioning, said a source. “The turbine of the first unit has developed some problem. It seems some component inside...
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SBI’s 209 of 225 branches operational in storm-hit AP

Mumbai, Oct 20  The State Bank of India announced here Monday that it has restored normal operations in almost all the 225 branches hit by the cyclone Hudhud in Andhra Pradesh. Of the 225 branches, 209 are fully operational and 190 of 502 ATMs are also...
NTPC installs 110 kWp Rooftop Solar PV plant

NTPC installs 110 kWp Rooftop Solar PV plant

New Delhi, Oct 20 : Dr Arup Roy Choudhury, CMD, NTPC  inaugurated a 110 kWp Rooftop Solar PV plant at NTPC Engineering Office complex.  NTPC is focusing on installing Rooftop Solar  PV systems at available roof areas in power stations  to meet  the...
Gas price: ONGC to profit by over Rs.4000 crore, says chairman

Gas price: ONGC to profit by over Rs.4000 crore, says chairman

New Delhi, Oct 20  In a first reaction from the exploration industry to the new natural gas price announced, state-run oil and Natural Gas Corp (ONGC) said the company stood to increase its profits annually by Rs.2,000 crore. “Every $1 rise in...
Inauguration of PNB exchange counters at IGI Airport

Inauguration of PNB exchange counters at IGI Airport

New Delhi, Oct 20 : Circle Office, Central Delhi, opened Two Money Exchange Counters at International Arrival & Departure area at Indira Gandhi International Airport, Delhi for giving facility of currency exchange to passengers. The Exchange Counters...
Andhra Bank CMD & ED Join ‘Shop to Shop Campaign’

Andhra Bank CMD & ED Join ‘Shop to Shop Campaign’

New Delhi, Oct 20 : Andhra Bank launched Shop To Shop Campaign on 25.09.2014 to mobilize premium CASA accounts. Under the Campaign branch staff is contacting nearby shops and business establishments for opening quality Savings and Current Accounts having...
Neyveli Lignite Corporation pays Rs 422.78 crore as dividend

Neyveli Lignite Corporation pays Rs 422.78 crore as dividend

New Delhi, Oct 17 :  : Company’s shareholders at the 58th Annual General Meeting held have declared a final dividend at the rate of 18% for 2013-14, in addition to 10% Interim Dividend paid during March 2014, aggregating to a total dividend of...
HUDCO Pays – Rs. 100.01 Crore to GoI

HUDCO Pays – Rs. 100.01 Crore to GoI

New Delhi, Oct 17 : HUDCO has declared a total dividend of Rs. 100.01 crore for the financial year 2013-14 to the Government of India by HUDCO. Out of this total amount, Rs. 69.20 crore is payable to Ministry of Housing & Urban Poverty Alleviation,...
bhel

BHEL commissions 600 MW thermal unit in Madhya Pradesh

New Delhi, October 16: Bharat Heavy Electricals Limited (BHEL) has achieved yet another landmark by successfully commissioning a 600 MW thermal unit in Madhya Pradesh. The unit has been commissioned at Madhya Pradesh Power Generating Company Limited’s...
NTPC signs MoU for  ESP Performance Improvement with EEC

NTPC signs MoU for ESP Performance Improvement with EEC

New Delhi, Oct 16 : NTPC and Excellence Enhancement Centre (EEC) set up by Central Electricity Authority under Indo-German Energy (IGEN) program with initiative of Ministry of Power and CEA to facilitate performance improvement in Indian Power Sector...
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Petrol cut by Re.1 a litre as crude prices dip

New Delhi, Oct 15  Petrol rates were cut Tuesday, effective midnight, by Re.1 a litre, excluding local taxes, following a decrease in international oil prices. This reduction follows the one of 54 paise made on Oct 1. After accounting for local sales...
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Central banks will not be able to avert next global crash

Last week marked the inflection point many market pundits have been waiting for. The stage is set for the deepest global stock market correction since the rally began in March, 2009. As can be seen in the price action, the US and Europe remain most exposed...
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ONGC, RIL to take part in Singapore oil and gas trade show

New Delhi, Oct 14  Open sea for networking opportunities (OSEA), a Singapore-based trade show for the oil and gas industry, has said that Indian explorers ONGC and Reliance Industries (RIL) will take part in December in the OSEA 2014 international conference,...
ONGC sets sight on Rio Olympics

ONGC sets sight on Rio Olympics

New Delhi, Oct 13 : Energy Maharatna Oil and Natural Gas Corporation Limited (ONGC) felicitated its sportspersons who brought glory for India at the recently-concluded Incheon Asian Games. The 40-member strong ONGC contingent, which was part of the Indian...
PFC agrees to extend Rs 15,000Crore Loan to Andhra Pradesh

PFC agrees to extend Rs 15,000Crore Loan to Andhra Pradesh

Power Finance Corporation extending full support to the Govt. of Andhra Pradesh by sanctioning a loan of Rs 15,000 crores  over a span of two years thereby helping the government in its quest to provide reliable and adequate power to the people of Andhra...
Konkan Railway to Remember its Heroes on 14TH OCTOBER

Konkan Railway to Remember its Heroes on 14TH OCTOBER

Mumbai, Oct 10 : Konkan Railway passes through the most difficult terrain and has overcome many challenges of Nature right from its construction phase. The railway line could be successfully constructed due to sheer grit and perseverance of all those...
Swatchh Bharat Mission at NTPC

Swatchh Bharat Mission at NTPC

New Delhi, Oct 10 : The  Swatchh Bharat Mission  invoked enthusiastic response from employees and Management of NTPC at Corporate office.  Construction of  toilets for girls  was commenced by the company in various states during the week under Swatchh...
Rajeev Sharma, CMD, REC, launches Swachh Vidyalaya Abhiyaan

Rajeev Sharma, CMD, REC, launches Swachh Vidyalaya Abhiyaan

New Delhi, Oct 10 : Rural Electrification Corporation Limited, the Navratna Government of India Enterprise, has committed building of 1020 nos. new toilet blocks for girl students in Government Schools in Ballia and Jalaun districts in UP under the Swachh...
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