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Corporate News : Archives
June 2009
48 Ganpati Specials on Konkan Rly Route
Bhel wins Rs 105-crore contract from IOC
IDBI Bank cuts BPLR by 0.25%
Gulf Oil's net up over three-fold to Rs 26.74 cr in Q4
SBI cuts BPLR by 50 basis pts
ONGC Q4 net dips 16% to Rs 2,206 cr
OBC declares 73% dividend for 2008-09
Mahindra appoints new CEOs for Tech M, Satyam
Union Bank of India raises Rs 500 cr from bonds
GAIL approves Rs. 7,500 crore investment for Southern pipelines
Bharat Sanchar Nigam ties up with Microsoft
'Maharatna' status mooted for major public sector firms
IDBI Bank cuts deposit rates by 0.25-0.50% points
Neyveli Lignite posts net profit at Rs 821.09 cr for FY'09
Parsvnath Q4 net drops 89% at Rs 11.61 cr
BHEL wins Rs.105 Crore Captive Power Plant contract
Satyam Computers is now Mahindra Satyam
State Bank of Indore recommends merger with SBI
UCO Bank to reduce rates by 50 bps
Steel prices to fall by 5% in three months: CMIE
Korba and Rihand are top Performing NTPC Stations
Maruti Suzuki wins 'Golden Peacock Eco-Innovation Award'
Zee News FY'09 net up 20% at Rs 44 cr
Spice Comm net loss at Rs 1,015 cr
'India's medical tourism earnings to double by 2012'
Jet, Kingfisher increase fares by Rs.400
Railway Enquiry Through ‘SMS’ on 139-‘RAIL SAMPARK’
Railways' April-May revenue up 3.34 percent
PFC FY'09 net profit up 64 % at Rs 1,979.69 cr
GIC Housing to sell stake in LIC MF, Trustee for Rs 89 cr
PNB aims biz of 10 lakh cr, profit of 7,500 cr by 2013
A.P.Choudhary, ED, SAIL, is new DirectoSr (Projects), RINL
State Bank cuts deposit rates by 25 basis points
GAIL FY09 net up 8% at Rs 2,804 cr
City Union Bank Q4 net dips 7% at Rs 26 cr
MOU signed between POWERGRID and NTPC with a focus on Common Wealth Games
No decision on disinvestment of RITES
ONGC to raise Rs 27,000 cr in next 3-4 yrs
City Union Bank to raise Rs.250 crore
Indian wins Finnair prize for best vision of future flying
NTPC Bags 4 awards at the Great Places to Work Awards-09
Global IT industry grows 8 percent in 2008, India struggles
IBM inks $15-million deal with Eureka Forbes
ICICI Bank eyes robust growth in car, home and corp loans
ONGC approves revised plan to invest in Cairn's Raj fields
Konkan Railway Earns Over 120 cr from Ro-Ro Service
ICICI Bank cuts lending rates by half a percent
Nalco Q4 net dips 81% at Rs 83 cr
Oil India net jumps over 20% in 2008-09
SPML wins consolidated order worth Rs. 105 crore from NTPC
IT hardware industry wants relaxed taxation in budget
BHEL bags Rs 375-crore order from Oman
HPCL Q4 net jumps 13-fold at Rs 5,104 cr
Dr. K.C. Chakrabarty Elected as IBA Chairman
SBI raises stake in Nepal JV to 55%
PNB Revises Interest Rates on Non –Resident Deposits
SBI's net profit to cross Rs 10,000-cr mark in current fiscal
Assocham proposes inflation commission
May 2009
SBI launches DSP scheme for Army
IOC's Net in Q4 fiscal 2009 at Rs 6,622.96 cr
Exchange of MOU between PNB and DFC for development of SME & CGTSME
NTPC signs long term FSA with CIL
Virbhadra Singh assumes charge of the Steel Ministry to focus on timely completion of expansion of SAIL and RINL
SAIL Q4 net dips 37% at Rs 1,486 cr
BHEL Sales surge 40% in the Fourth Quarter of 2008-09
POWERGRID bags consultancy projects from PSEB worth Rs.1,033 Crore
M&M Q4 net up 89% at Rs 418 cr, declares 100% dividend
Tata Comm Q4 net up over five-fold at Rs 302cr
R. N. Nayak assumes charge of Director (Operations), POWERGRID
Jet Airways Q4 profit at Rs 53 crore
POWERGRID lights up Afghanistan, establishes Chimtala Substation in Kabul
Punjab National Bank launches MoneyGram International Money Transfer Service in India
Karnataka Bank Q4 net profit rises 37%
HCL Info bags Rs.240 crore order from BSNL
BHEL wins Rs.703 Crore Contract for 270 MW Thermal Power Plant in Maharashtra
Federal Bank Q4 net up 11% at Rs 114 cr
Google world's top employer for MBAs: Fortune
PNB Signs MoU With Ashok Leyland
NTPC’s Profit up by 58% for Q4
Mundra Port Q4 net up 66% at Rs 151 cr
Punjab National Bank Q4 net up 59% at Rs 865 cr
L&T bags orders worth Rs. 518.2 crore
NTPC Team Bags Three Quiz Titles
Railway Revenue Earnings up by 11.06 Per Cent During FY' 2008-09
Bank of Maharashtra Q4 net up 145.24%
Essar Shipping FY09 net dips 72% at Rs 77 cr
Ashok Leyland Q4 net down 70% at Rs 53 cr
IDBI Bank reduces deposit rates by 0.5-1%
ICICI Bank cuts deposit rates across select maturities
BoB likely to start insurance business by March 2010
MTNL launches 3G mobile service in Mumbai
J.S. Sarma new chairman of telecom regulator
NTPC to receive largest ever loan facility from SBI
BHEL bags Rs.1,475 Crore Contract for 600 MW TPP
Kotak Mahindra Bank Q4 net dips 12% at Rs 210.7 cr
Konkan Rly Plants 1 Crore Saplings on its Route
Hinduja Global Solutions Q4 net up 50% at Rs 36 cr
IOC, BPCL, HPCL likely to get oil bonds worth Rs 10,300 cr
SBI slashes deposit rates by 50 basis points
DLF promoters to sell 10 percent stake in company
Tata Teleservices FY'09 net loss at Rs 159.60 cr
ONGC to pump Rs 6,000 cr to raise output from offshore fields
Bharti Airtel becomes India's biggest music company
BoR posts 84% drop in Q4 net
SAIL in pact with Siemens for upgrading technical skills
SBI Q4 net up 46% at Rs 2,742 cr
Andhra Bank Q4 net up 62% to Rs 201 cr
Tatas, SBI, Infosys among world's top 50 reputed firms
UCO Bank posts Rs.558 crore net profit
UBI Q4 net dips 11 pc to Rs 465.06 cr
ONGC added 284 mn tonne of oil & gas reserves in 2008-09
Genpact Q1 net up 52% y-o-y
IOB Q4 net up 5% at Rs 322 cr, declares dividend
Century Textiles FY09 net dips 15% at Rs 236cr
Kanoria Chem Q4 net up 145% to Rs 7.6cr
Tata group launches low-cost housing programme
IndusInd Bank Q4 Net Profit up by over 250% to Rs 50.52 cr
Maruti Suzuki to launch premium hatchback Ritz on Msay 15
BHEL achieves record Turnover of Rs.5,405 Crore from in-house developed Products
Arvind Jadhav takes over as Air India chief
Allahabad Bank net up 55.8 percent in Q4
RCom Q4 net profit falls 3.25% to Rs 1,454.3 cr
ONGC accretes record Hydrocarbon Reserves during fiscal 09
NDTV Q4 loss at Rs 160.30 crore
Dr. U. D. Choubey awarded Fellowship for development of professional management
Nestle India Q4 net up 23% at Rs 197 cr
Moser Baer Q4 net at Rs 43 crore
PNB Housing Finance Achieves 32% Growth in Net Profits During 2008-09
April 2009
BoI's priority sector advances grow 26% in FY 09
PNB once again reduces BPLR, Interest Rates on Retail Lending & Deposit Schemes
GAIL signs Gas Cooperation Agreement with Karnataka
CMD, BHEL, honoured with Distinguished Alumnus Award
Central Bank Q4 net dips 51% at Rs 62 cr
Syndicate Bank Q4 net up 63% at Rs 207 cr
Aditya Birla Nuvo Q4 net loss widens
Bharti Airtel consolidated Q4 net up 8%
Aventis Pharma Q1 up 17% to Rs 40 cr
HDFC Bank bags The Asian Banker award
IDBI Bank reduces deposit rates by 0.25-0.50%
KRCL Records its Highest Ever Performance
Tech Mahindra posts Rs.221 crore net profit in Q4
OBC Q4 net profit at Rs 197 cr, declares 73% dividend
IndBank Q4 net up 63% at Rs 394 cr, declares 50% dividend
BOB Q4 net up 172% at Rs 752 cr; FY09 net at Rs 2,227 cr
Petronet LNG net up 70% at Rs 204 cr
PNB Gilts Q4 net loss widens to Rs 51.55 cr
PNB ties up with SACML to provide Collateral Management & Referral Services
Corp Bank posts 27% rise in net at Rs 260cr
India seeks increase in IMF quota; willing to buy $10 bn bonds for now
IDBI Bank Q4 net up 28%; FY09 net up 17.7%
Ranbaxy Q1 loss at Rs 761 cr
Bharat Electronics net rises 11%
Andhra Cements Q4 net dips 18% at Rs 14 cr
Maruti's Q4 net dips by 18%
B. P. Singh appointed as Director (Projects) NTPC
HDFC Bank FY'09 Q4 net at Rs 630.88 cr
Microsoft sales drop for 1st time in 23 years
RNRL FY'09 net rises 4% at Rs 71.54 cr
LIC Housing Finance Q4 net up 33% at Rs 158 cr
Bajaj Hindusthan Q2 net soars 89% to Rs 81.39 cr
Hindustan Zinc Q4 net dips 53% to Rs 551.47 cr
RPL Q4 net at Rs 84 cr
NTPC ranked 317 by Forbes Global 2000
Yes Bank Q4 net up 24% at Rs 80-cr; no dividend for FY'09
Tata Sponge's net declines 65.46% to Rs 11.55 cr in Q4
Tech Mahindra loses Rs 6.4 crore on Satyam shares trade
HCL Q3 net dips 42 pc at Rs 152.57 cr
iGate Corp Q1 revenue dips 19 pc at USD 44.8 mn
Wipro Q4 net up 15 pc at Rs 1,010 cr
ICICI Bank cuts lending and deposit rates by up to 50 bps
Rel-Power ties up Rs 14,500 cr for Sasam UMPP
RBI cuts short-term lending, borrowing rates by 25 bps
Axis Bank Q4 net up 61% at Rs 581.45 cr
TCS Q4 net falls 2.1% to Rs 1,333 cr on QoQ basis
Central bank cuts key rates
PNB ties-up with Honda for providing car loans
Indian ADRs drop $523 mn in past week; Infosys loses $996 mn
Jet Airways ties up with Brussels Airlines
NTPC appoints Ten New Executive Directors
ONGC receives ‘Leading Oil & Gas Corporate of the Year’ Award
GAIL awarded Oil and Gas Pipeline Transportation Company of the Year
Google first-quarter profits up 8.9 percent
Oriental Insurance's profit likely to fall 78 percent
BHEL’s thermal sets contribute 79% of the country’ s total thermal power generation in FY08 -09
Bank of India reduces interest rates on deposits
SAIL sees 10% growth in steel consumption in Jan-March
Infosys Q4 net dips 1.71% at Rs 1,613 cr
Larsen and Toubro in pact with Russian firm for nuclear plants
Intel profits drop 55 percent
PNB offers State-of-the art Online Trading
SBI slashes interest rates for new SME loans
Energy Achievers Award for CMD, NTPC
NHAI infused Rs 20,000 cr in highways projects in FY'09
Kotak Life Insurance logs 39% premium growth in 2008-09
Microsoft ties up with HCL to outsource jobs to India
SBI cuts deposit rates by 0.25-0.5%
India announces largest ever auction of hydrocarbon assets
India's industrial output falls 1.2 percent in February
Bookings for small car Nano begin from today
Now make calls from US to India for 1 cent per minute
NTPC envisages 3,300 MW capacity addition this fiscal
Uco Bank to finalise general insurance JV structure by Sept
LIC India to expand overseas
Macquarie-SBI launches Rs 5,185-cr infrastructure fund
PNB Inaugurates its 2nd Branch in Hong Kong
BHEL mulls Rs.480 crore third phase expansion
NHPC to develop 10,000 MW projects in NE by 2022
Banks may cut lending rates by 0.5% soon
Bharat Heavy Electricals net up 6.29 percent
Bajaj Auto sales down 14.7 percent in March
BEL sales up 13 percent, pre-tax profit down
Banks asked to cut rates; push loan growth to 24%
Maruti sold record 792,167 Vehicles in 2008-09
NTPC Signs MoU with Govt. of India
CWC inks MOU with Ministry of Food
SBI expects 5% jump in auto loans in north on Tata Nano
PNB Signs Agreement With UAE Exchange
L&T bags Rs.12.45 bn Bhutan dam project
IndusInd Bank launches Global Remittance offering ‘Indus Fast Remit’
PNB slashes interest rates on fixed deposits
Canara Bank reduces BPLR by 50 basis points
Vijaya Bank reduces BPLR by 50 bps
March 2009
POWERGRID signed MoU with Ministry of Power
SAIL sets 12 mn tonnes production target for FY ’10
Tata Power begins commercial operations at Mumbai plant
IndusInd Bank signs MoU with ICRA
L&T bags Rs.345-crore order from Nuclear Power Corp
Free cash withdrawals from all ATMs from 1st April
Tanksale & Pydah are new ED's of PNB
Oriental Insurance expects Rs.150-crore fall in income
GAIL rated Top Gas company by Dun & Bradstreet
ONGC defers fresh investments in Imperial Energy
ICICI Prudential ties up with PNB for premium payments
Govt to infuse Rs 1,200 cr in Vijaya Bank
UBI raises Rs 140 cr through issue of bonds
Essar to acquire 50% stake in Kenyan refinery
ONGC receives Dalal Street Investment Journal Award
BHEL wins DSIJ ‘Most Investor Friendly PSU Award 2009’
GAIL recognized as the most diversified PSU in the country
HDFC reduces lending rate
NTPC bags Dun & Bradstreet Corporate Award 2008
SBI to give loans for Nano, distribute forms
Nuclear Power Corp, BHEL sign deal with GE-Hitachi
D K Sarraf, Director (Finance), ONGC bags Best Oil & Gas CFO Award
Small car, big dreams: Nano to hit roads in July
Electricity regulator to set up renewable energy exchange
STC pays dividend of Rs 13.65 crore to GoI
Punjab National Bank’s “174th Branch/314th ATM” Opened in Delhi
Director (Finance), BHEL wins ‘CNBC-TV 18 Best Performing CFO Award’
BEE major initiative to save energy in Agriculture sector
Coal India on a lookout for mining assets in Australia
Rites Signs MoU with TII for Integrity Pact
LIC hikes stake in 11 firms for Rs 6,450 cr
Essar Power gets Rs 350-cr equity funding from IDFC
POWERGRID enhances inter-regional capacity of National Grid to 19, 800 MW
PNB sees credit growth of 25-26 pc in FY'09
CFL lamps to cost Rs.15 each
Bank of India cuts lending rates
RCom launches GSM services in Delhi
V. M. Kaul assumes charge of Director (Personnel), POWERGRID
LIC cuts home loan rate by 0.75%
ONGC in 2nd round talks with 3 for selling 25% stake in OPaL
CBS in PNB Sponsored Haryana Gramin Bank
Largest Natural Gas for Vehicles (NGV) event in South Asia
Amas Bank is now Hinduja
GAIL gets 3 Awards for Excellence in Cost Management from ICWAI
BHEL wins ICWAI National Awards for Excellence in Cost Management
Govt imposes 35% safeguard duty on aluminium products
Coal India allocated two blocks in Mozambique
Petronet to set up gas terminal, signs deal with Cochin Port Trust
Central PSUs turnover up 36%
Tata Motors in tie-up with Union Bank for car loans
HLL Lifecare to set up 100 hospitals across India by 2013
Satyam starts bidding process for its sale
ICICI reduces rates on new home loans by 0.25-0.50 pc
BoB slashes BPLR by 50 bps
Union Bank cuts BPLR by 0.50% to 12%
ONGC board approves about Rs 3,500 cr investment
RBI announces monetary stimulus; cuts key policy rates
HCL bags Rs 393 cr order from NIC for 7 yrs
Tata JV, JSPL get coal blocks for USD 18-bn CTL projects
IDBI, SBI slash deposit & home loan rates
Yes Bank bets on north Indian market to grow
Merger of Reliance Industries, oil-exporting arm approved
BHEL to invest Rs.250 Crore to set up a manufacturing Plant at TN
Maruti Suzuki sales up 24 percent in February
SBI Life Insurance launches Smart ULIP product
February 2009
Dr. U. D. Choubey, CMD, GAIL receives “Corporate Role Model” Award
Steel Minister launches rebuilding of Malvika Steel after SAIL take over
BSNL launches 3G services in eleven cities across the country
NMDC pays interim dividend of Rs 401.75 crore to GoI
A. K. Goyal Joins as Member Staff, Railway Board
36 More Summer Special Trains on Konkan Rly Route
V.S. Verma -takes over as Member CERC
BEL pays Rs. 36.41 cr interim dividend
Tata Motors to launch 'Nano' on March 23
GAIL signs Term Sheets with NFL and Urvarak Videsh Limited
Konkan Rly's Karmali stn gets excellence award
LIC ups stake in ICICI Bank to 9.38%
208 Summer Specials on Konkan Railway Route
State Bank of India slashes car loan interest rate to 10% for one year
Sushilkumar Shinde lays the Foundation Stone of 1000 MW NTPC –Mouda Thermal Power Project
BHEL outbids Chinese companies; Bags Rs.3,150 Crore Mega Contract
Steel Minister lays foundation stone for SAIL's 9th SPU
BHEL pays 90% Interim Dividend on Post-Bonus Equity for fiscal 2008-09
Genpact Q4 up 51% to $47 mn
Punjab National Bank Sign MoU with HMIL
Central Bank freezes home loan rate at 8% for one year
National Award for Meritorious Performance in Power Sector 2007-08 to POWERGRID
Five NTPC Stations bag National Awards
POWERGRID pays interim dividend
ONGC Signs MoU with Weatherford for Enhancing the production from their matured fields
NTPC and NPCIL sign MoU to set up joint Venture to Produce Nuclear Power
NTPC pays highest ever Interim Dividend of Rs. 2308.73 Crore
SAIL pays Rs. 460.81 crore as interim dividend to Govt
Bartronics bags Singapore Govt’s order for RFID tags
ONGC receives FICCI Annual Award for Environmental Sustainability of Businesses
Bharat Co-operative Bank go live on SWIFT Network
Websense Rolls Out Enhanced Cloud Computing-Based Security Services
UCO, Vijaya, Central Bank surge on Rs 3,800-cr fund infusion
Singapore Air Q3 net falls 43%
BEML bags Rs 1,672-cr Metro Rail order
BHEL wins Four Major Contracts in a row cumulatively valued at Rs.7,000 Crore
NTPC Achieves Highest Ever Generation
PNB Launches Global Credit Card
NTPC Vindhyachal bags QCI – DL Shah Award
MTNL launches 3G Services in Delhi
Punjab National Bank sets a Milestone for the Indian Banking Industry
BSNL reduces broadband tariff to promote web conferencing
SAIL commemorates golden jubilee of production
Mohan Tiwari Joins As Managing Director, IRCON
BHEL and KEL to form JV for manufacture of products for Railways and Industries
ICICI Prudential Life launches Wealth Advantage
S. S. Khurana Takes Over as Chairman, Railway Board
GAIL and IFFCO join hands for Cooperation in Gas Sector Projects
Sudhir Vasudeva joins as ONGC’s Director (Offshore)
Maruti Suzuki registers highest ever sales
Kingfisher Airlines Q3 loss widens to Rs 626 cr
January 2009
PNB Q3 net up 86% at Rs 1,006 crore
Oriental Bank Q3 net up 82% at Rs 252 crore
L&T Q3 net up 25% at Rs 604 cr
Reduction in BPLR, retail lending rates and term deposit rates by PNB
Sanmar Group of Chennai bags SAIL Golden Jubilee BMQB Trophy
BHEL Q3 net up 2.4% at Rs 790 cr
Andhra Bank Q3 net up 34% at Rs 213 cr
BPCL Q3 net soars 174% at Rs 799 cr
Maruti Suzuki Q3 net dips 54% at Rs 214 cr
BoB Q3 net up 41% at Rs 708cr
Dena Bank Q3 net up 39% at Rs 140 cr
ONGC Q3 net down 43% to Rs 2,475 cr
GAIL Q3 net dips 59% at Rs 253 cr
Bank of Maharashtra net up 20% y-o-y to Rs 121 cr
Yahoo posts net loss of $303 million in Q4
Tata Investment Corp Q3 net dips 22% at Rs 35 cr
MTNL to get tax refund of Rs 510 cr
Central Bank Q3 net soars 76% to Rs 353 cr
Corporation Bank Q3 net rises 34%
NTPC gets best CFO award
Powergrid sign USD 400 mn loan with World Bank
NTPC declares highest ever interim dividend of 28%
Maruti announces increase in prices
SAIL Q3 net down 56 per cent
POWERGRID energises vital transmission line in Afghanistan
Bharti Airtel Q3 net up by 38.34% at Rs 1,976.41 crore
HDFC's Q3 profit dips 16%
R-Capital net rises 11% to Rs 132 crore
Wipro Q3 net up 17%
Konkan Railway Completes 11 Years
SBM Q3 net jumps 157% to Rs 182 cr
SBT profit soars 215% to Rs 261 cr
Allahabad Bank Q3 net remains flat
PNB Launches Doorstep Banking Services
Railway Freight Revenue Goes up by 13.39 Per Cent During April-December 2008
Sudhir Vasudeva is ONGC’s next Director (Offshore)
HDFC to slash auto loans by 150 bps
ONGC to become carbon neutral in next few years
RBI unlikely to cut key rates in policy: Bankers
PNB Gilts Posts Q3 net profit up by 563%
HDFC cuts rates for new home loans for limited period
MTNL's 3G services in Delhi
PFC net up 6% at Rs 339 cr
IndusInd Bank Q3 profit jumps 80%, recovers NPAs
TCS Q3 net up 2.67 %
R. S. Sharma, CMD, NTPC Elected Fellow of WAPS
HDFC Bank Q3 net up 45%
Defence PSU MIDHANI gets Mini Ratna status
Airports Authority of India Gets Mini-Ratna Powers
Railways Commission Computerised Passenger Reservation Facilities on More Locations
ONGC inks MoU with Australia’s Arrow Energy
2 More Winter Special Trains on Konkan Rly Route
Infy Q3 net up 33 pc at Rs 1,641 cr
ONGC to invest USD 5.3 bn in gas finds by 2013
DLW dispatches locomotive to Mozambique
Maruti Suzuki’s A-star sails to Europe from Mundra
Konkan Railway announces extension of Temporary halt at byndoor
Tata Power signs MOU with Government of Gujarat
NTPC signs MoU with Govt of Karnataka for Kudgi Super Thermal Power Project
Powergrid enhances the inter-regional capacity to 18, 700 MW
IRCTC Launches Toll Free 24x7 Helpline
RAILTEL Commissions 30,000 Kms Optical Fibre Cable Projects
Axis Bank Q3 net up 63%
ONGC has made special arrangements to supply Gas to Mahanagar Gas Limited
ICICI Bank bags rural marketing award
Satyam chief resigns, admits irregularities; stock down 48%
Praveen Kumar Joins as Member Mechanical, Railway Board
Substantial interest rate cut on Housing Loans by PNB Housing Finance Ltd.
Temporary Halt For Kerala Sampark Kranti At Udupi Station
Railways Introduce ‘Mobile Helpline’
Maruti sold record 56,293 Vehicles in Dec. 2008
57 banks registered with SEBI for new payment system of IPOs
GAIL buys LNG from Shell at USD 11.7 per million to optimise output
NTPC Stations Record Highest Generation
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