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Corporate News : Archives

December 2007

• Railway may cut fares next fiscal

• GAIL, RCF sign MOU for Coal Gasification project

• 38 top PSU executives to retire in 2008

• D K Sarraf joins as Director (Finance) of ONGC

• GAIL – OIL sign joint cooperation agreement

• SAIL's Kulti Unit To Reopen

• BHEL to take over BHPV

• Railways freight revenue climbs 11%

• SAIL signs TGA with RVNL

• GAIL declares 40% interim dividend

• Union Bank decides to enter mutual fund business

• GOI Receives Rs. 10 Cr Dividend from GRSE

• SAIL bags SCOPE Gold Trophy

• Certificate of Commendation awarded to NTPC Ltd.

• BHEL wins Rs. 121 crore contract from BPCL

• SBI slashes interest rate on FD by 0.25%

• Tata Steel bags CII-ITC award

• Suzuki to make India a production hub

• Govt allocates 172 coal blocks to end users; 23 in offing

• ICICI Bank to offer tax concessions on NRI fixed deposits

• Russia`s VTB bank set to open branch in India

• GAIL - RGTIL sign Gas Transmission Agreements

• BECIL Profits Rise 3.5 Fold During 2006-07

• Petrotech Society inks pact with Canada’s University

• Naftogaz bags Rs 725 cr ONGC contract

• Five PSUs join hands to invest Rs 3500 cr

• GAIL - RIL Sign MoU for Joint Co-operation

• PNB Revises IR on Non –Resident Deposits

• SBP employees protest merger with SBI

• Eastern Zone Lifts PNB All India Cultural Meet Trophy

• BHEL to invest over Rs.300 Crore to set up FP

November 2007

• Delhi HC stays fine of Rs 50 lakh on ICICI

• PNB Organises Cultural Meet

• Govt approves Rs 10k rights equity issue of SBI

• Tata Steel seeks more Australian ventures

• ONGC Videsh Limited wins two exploration blocks in Brazil

• SAIL wins 'India's Employers of Choice Award- 07'

• IOL Broadband in pact with MTNL for VoIP

• PNB’S First Biometric ATM Starts at Chhapraula Village

• ONGC CMD receives CNBC CFO Award

• NTPC & UPRVUNL to setup 1320 mw Power Project

• HP Q4 net up 26% at USD 33.5 bn

• UCO Bank, Dena Bank rule out merger with SBI

• GOI Receives Rs. 172 Cr Dividend from AAI

• ONGC reclaims top m-cap position among PSUs

• GAIL launches online Complaint System

• NBCC Turnover Rs 1514 Crore for 2006-07

• PNB Observes Vigilance Awareness Week

• Industry, services to grow by 10% this fiscal: FM

• SAIL wins accolades at CUBIC Awards, USA

• PNB Launches Signature Based Debit Card

• OVL in talks to acquire stakes in 2 Sudanese oil blocks

• NTPC Limited and Railways to set up a JV Company

• NSC Pays Rs. 103 Lakh as Dividend to GOI

• PNB Revises IR on Non –Resident Deposits

• Maruti sold record 64,258 Vehicles in Oct. 2007

• Bharti Airtel Q2 net jumps 87 pc at Rs 1,644 cr

October 2007

• ONGC Q2 net up 22% at Rs. 5097 Crore

• IOC net up 32% to Rs 3,817.75 cr

• SAIL Q2 net up 18% at Rs 1700 crore

• BEL Pays Rs. 84.96 crore as Dividend to GOI

• Maruti Q2 Net Profit up 27% to Rs. 4,665 million

• ONGC Q2 net up 22% at Rs. 5097 Crore

• IOC net up 32% to Rs 3,817.75 cr

• SAIL Q2 net up 18% at Rs 1700 crore

• NTPC net sales up by 11.54% and profit up by 41.92%

• FAGMIL Pays Rs. 1,46,59,600 as Dividend to GOI

• BHEL Signs MoU with TNEB to float JV Company

• MTNL Presents Dividend Cheque to GOI

• CWC Pays Rs. 10 Crore as Dividend to Government

• Oil Declares a Dividend of 260% for the Year 06/07

• PNB Organises Meeting with Invest Hong Kong

• BSNL declares dividend of Rs 500 cr for 06-07

• HCL Q2 net up 8% at Rs 72.13 crore

• Satyam Q2 net rises 28 %, beats predictions

• Gulf investors raise USD 630 mn for India Energy City

• DCI pays a Dividend of Rs.19.79 Crore to the GOI

• Reliance Industries Q2 net up 27.9%

• Wipro’s Q2 net up 17.63% at Rs 823.7 crore

• Petronet LNG Q2 Profit up 75% to Rs. 115.51 crores

• PNB signs MoU with IIFC

• GAIL second quarter PAT up 28%, Turnover up 22%

• GAIL - RCF MoU proposed for coal gasification

• BCPL – ONGC sign Feedstock Supply Agreement

• BHEL wins order worth Rs.150 crore

• Bank of Baroda slashes home loan rates by 0.5%

• Bharat Dynamics Pays 23 Crores Dividend to GOI

• MOIL pays dividend Cheque of Rs. 168 cr to GOI

• GAIL signs Gas Sales Agreement with Pragati Power

• ONGC-Reliance-British Gas signs JV commissions

• BHEL wins Rs.394 Crore Turnkey Contract

• RITES & IRCON Present Dividend Cheques to GOI

• “MITR” ATM Celebrates 5th Foundation Day

• HSCC pays 130% dividend

• PNB at the Doorstep of the Masses

• SAIL receives Rs 4.5 crore dividend from NSPCL

• ONGC approved investment proposals Rs. 5713 cr

• PNB Revises IR on Non –Resident Deposits

• V.K. Gulhati is SAIL's new Director (Technical)

• Maruti sold record 63,086 Vehicles in Sep. 2007

• Top Safety Awards For Gail’s Pipelines, Plants

• BHEL pays Rs. 600 cr dividend for FY 06-07

September 2007

• BPCL's retail biz up 52.1 pc in FY07

• PNB Organises Customer Relations Programme

• WAPCOS pays Rs. 2.40 cr dividend for FY 06-07

• BHEL wins Rs.765 Crore Turnkey Contract

• NTPC pays Rs. 2638.56 cr dividend for FY 06-07

• GSL pays dividend Cheque of Rs. 4 cr to GOI

• GRSE pays Rs. 14 cr dividend

• Steel Minister dedicates Bokaro Steel Coke Oven Battery

• R.K. Goel is Chairman of Ratnagiri Gas & Power Pvt. Ltd.

• SAIL working on blueprint for growth beyond 2010

• Essar bags 504-km pipeline project for Rs 186-crore

• SAIL & RINL Officials to Visit Australia

• ONGC seeks 40 pc hike in price of APM gas

• Concor pays dividend Cheque of Rs. 45.10 cr to GOI

• ONGC may consider bonus, share split in future

• Maruti Udyog Ltd. is now Maruti Suzuki India Ltd.

• India`s GDP to grow by 8.5% in 2007-08

• Aviation needs $120 bn investment by FY17

• SAIL signs MoU with IL&FS Infrastructure Devt. Corp.

• 1000MW Capacity Addition at NTPC Simhadri

• Arcelormittal to acquire 51% stake in Turkish Steel co.

• NTPC pays 32 % dividend for FY 06-07

• GDP likely to grow by 8.5 to 9 % this year : Montek

• UBI signs MoU with Everest Bank of Nepal

• NTPC and BHEL to form a JV for EPC

• 13 Indian firms in GGC initiative

• MRPL signs product supply agreement with Shell

• NTPC & TNEB sign 50:50 Joint Venture

• BHEL conferred the SCOPE Meritorious Award

• L&T bags Rs 267 cr orders from domestic, intel

• GAIL targets Rs. 50,000 crore revenue by 2011

• Netherlands' PC to invest Rs 5,000 cr in India

• BHEL and MMTC sign MoU

• Maruti sold record 60,229 Vehicles in Aug. 2007

• BHEL appointed new Directors for Personnel and IS&P

August 2007

• PowerGrid fixes IPO band at Rs 44-52

• ONGC and BP to collaborate in E&P business

• BHEL outbids European MNCs, Bags Rs.1,990 cr cont.

• Birla Sun Life Insurance increases its Capital

• Vijaya Bank plans to exit mutual fund venture

• Essar Gp. to invest Rs 1,200 crore in Telecom retail

• Germany’s SAP to invest USD 1bn in India

• LIC consolidates stake in Bharat Forge, Vijaya Bank

• SBI board gives approval to merge SBS

• India close to free trade deal with ASEAN

• CII Delegation Meets Colombian President

• Bill to regulate credit card payment

• Air India Merged with Indian Airlines

• HCL bags 500 cr contract from BSNL

• Indian Oil to invest Rs 1,480 cr on pipeline expansion

• Tarun Sharma joins Mediascope

• CMD, ONGC receives Distinguished Fellowship Award

• CMD, GAIL receives Distinguished Fellowship Award

• Govt approves 20 FDI proposals worth Rs 1,079 cr

• MTNL enters into strategic partnership with AOL

• BHEL wins contract from DVC worth Rs.6,500 cr

• ONGC demands over 12% hike in APM gas price

• PM lays foundation stone for ONGC’s Energy Centre

• Police Medal for Meritorious Service to CSC of Konkan Rly

• SAIL, RINL, NMDC sign MoU

• PNB Revises IR on Domestic Term Deposits

• HDCPL pays dividend Cheque of Rs. 5.04 cr to GOI

• SAIL & POSCO sign MoU to form strategic alliance

• Kaupthing to buy Dutch bank NIBC for USD 4.1 billion

• ONGC-Mittal wins gas block in Trinidad and Tobago

• BHEL wins Contract under ICB worth Rs. 2900 cr

• All time high Generation by NTPC Stations

• PNB Pays Rs.109.34 cr Dividend to GOI

• SAIL to implement integrity pact with bidders, vendors

• VSNL net up 18% to Rs 104 crore

• PNB Revises IR on Non –Resident Deposits

• Arcelor Mittal Q2 up 50 % to USD 2.7 bn

• PNB Housing Finance Q1 net profit up 57%

• Maruti sold record 57,909 Vehicles in July 2007

• MOIA & IOM sign MoU

July 2007

• NTPC Net Profit Up 52.62 percent

• MOU between RINL and NTPC to set up Power Plant

• GAIL Q1 net up 16% at Rs. 685 cr

• ONGC awarded Airworthiness Certification

• Anna University & Ntpc To Collaborate

• Maruti Udyog Limited to have a new name: MSIL

• CIL Targets 383 mt Coal Production in 2007-08

• PNB Staff Journal Gets RBI'S First Prize

• ONGC Q1 net up 12% at Rs 4,610cr

• PNB Q1 net up 16% at Rs. 425.07 cr

• SAIL Q1 net up 10% at Rs 1,525cr

• Maruti Q1 Net up 35.18 per cent to Rs 4996 million

• Bank of India Q1 net up 51% at Rs. 315.20 cr

• Mittal pays initial Rs 500cr for Bhatinda refinery

• 48 Ganpati Specials on Konkan Rly Route

• BHEL wins EPC Contract from IOC worth Rs. 431 cr

• GAIL, ONGC sign MoU for formation of JV

• MRPL Q1 net rises 71% at Rs. 7,274 cr

• BHEL wins Rs 1829 crore order

• GAIL signs MoU with TII for Integrity Pact

• IGCS to push for proactive corporate role in CSR

• Diamond exports likely to fall by 12% in 07-08

• Govt clears 17 FDI proposals worth Rs 590 cr

• BHEL set to become sole supplier in the world

• PNB Organises Blood Donation Camps

• ONGC & HPCL to share infrastructure and products

• PNB'S Tier I Perpetual Bond Issue Fully Subscribed

• ONGC gets 369th position in “Fortune Global 500” ranking

• Mandovi & Konkankanya Exp Trains Get ISO Certificate

• PS compliments GAIL on Dahej – Dabhol pipeline completion

• RINL Earns Record Profit of Rs. 1363 cr in FY-07

• NTPC Signs PPA for Barh Stage -II

• RINL signs agreement with Danieli of Italy worth Rs. 538 cr

• BHEL wins Rs 107 cr contract from RINL

• Infosys Q1 net rises 34.5 per cent at Rs 1,079 cr

• REL plans Rs 60,000-cr investment in 5 yrs: Anil Ambani

• Rly Revenue earnings up by 10.75 % During April- June 2007

• GAIL, Apollo Tyres sign accord for Steam Conversion Project

• Reliance, ONGC to make presentation to CoS on gas pricing

• B C Tripathi takes over as GAIL Director (Marketing)

• MRPL to supply petroleum products to Mauritius

• RINL Q1 sales turover up 14% to Rs 2,026 cr

• HCL Makes Record Profit of Rs. 331 cr in 2006-07

• Maruti launches its new model Grand Vitara

• Govt approves 10 FDI proposals amounting to Rs 2,339 cr

• FM recieves dividend cheques from UBI & Vijaya Bank

• R S Sharma takes over as CMD, ONGC

• S.K. Vasishta takes over as MD, Railtel

• ONGC ties up with Deepwater expert Norsk Hydro

• GAIL bags NCM Award for Excellence

• PNB Increases IR on Non –Resident Deposits

• Anurag Mishra is Konkan Railway's New MD

• SAIL lowers prices of flat steel products

• India & Uk Inc. to Collaborate on TCC : CII

• Maruti sold record 56,000 Vehicles in June 2007

• Govt mulls dedicated PPP cells in infrastructure ministries

June 2007

• Saudi Ambassador visits GAIL

• Tata Steel inks MoU with TN Govt

• Australia Supports Indian Steel Companies

• GAIL and China Gas to form JV Company

• SAIL, MOIL sign MoU for ferro-alloy production

• Govt. Releases “Urjavaran” for Awareness on EC

• BHEL wins Rs 106 cr contract for TBP from RINL

• Govt. approves Mittal Energy as JV Partner of  HPCL

• PNB gets PC Quest Award for IT implementation

• SBI, LIC, others to dilute 50% in UTI MF through IPO

• Railways sign CT Agreement for Power Plant

• Foundation stone for additional 980 MW at NTPC-Dadri

• J.M. Garg Joined PNB as Executive Director

• Bank of Baroda ties up with Reliance capital

• Dr. K.C. Chakrabarty is PNB’s New CMD

• Petrobras, OVL swap blocks in Brazil, India

• PNB Increases IR on Non –Resident Deposits

• Indian Oil issues long-term FCB to fund capex

• Maruti sold record 55,952 Vehicles in May 2007

May 2007

• S.C. Gupta, CMD of PNB Retires

• Infrastructure Transfer Agreement for BPS

• IOC to invest Rs. 20000 cr

• BEE Introduces Energy Conservation Codes

• President visits Maruti Udyog Limited

• SAIL Board approves projects worth over Rs. 8000 cr

• Konkan Rly Gears up to meet Monsoon Challenges

• NTPC Signs MOU with Federal Govt. of Nigeria

• PHHL pays total dividend of Rs. 4.9 cr to ONGC

• PNB Q4 net profit down at Rs 238 cr

• SAIL's Q4 net profit Rs.1902 crore – up 72%

• PPA Between NTPC and CSEB

• CII & IMBC Sign MoU for better Trade Relationship

• ONGC launches Sagar Space Chikitsa

• Rajendra Singh, Former CMD NTPC, Passes Away

• PNB Hosts National Level Hindi Seminar

• PNB and CRISIL tie up for Risk Rating of SMEs

• GAIL-HPCL sign JV agreement for city gas

• Maruti’s cars to come with “Immobilizer” device

• NTPC commissions 7th Distributed Generation Project

• Shoeb Ahmed is SAIL's new Director (Comm.)

• BHEL to invest Rs.3,200 Cr for XIth five year plan

• MRPL achieves excellent allround performance

• JVA between NTPC and SCCL

• MoU with NTPC for setting up New Coal Mining Projects

• PNB Launches its Subsidiary in UK

• Konkan Rly’s saved 2.1ml litre Diesel in last year

• Gail records net profit of Rs. 2387 cr for FY06-07

• MTNL fixed line connections rising

• Union Bank Q4 net up 58 pc

• RCF Q4 net dips 58%

• President Kalam presents prestigious CSR award to SAIL

• Shri Deora inspects Dahej – Panvel – Dabhol pipeline

• Maruti launches its new model SX4 sedan

• Commissioning of 500 MW Unit at NTPC Kahalgaon

• Bank of Maharashtra net profits up 435 % to Rs. 271.84

• PPAs signed between NTPC and MeSEB

• PNB revises IR on Non –Resident Deposits

• Maruti sold record 48,652 Vehicles in April 2007

April 2007

• PNB Housing Finance Net profits 57%

• BHEL targets US$10 billion business by 2011-12

• NALCO Net Profit Jumps by 52% to Rs. 2381 cr

• Three PSEs Join Hands for Steel Making

• SJVNL Signs MoU With Konkan Railway

• Maruti Net Profit up 31.4 % to Rs 15,620 million

• PNB Launches Wealth Management Services

• PNB launches Floating Rate Fixed Deposit Scheme

• SCI Pays Interim Dividend of Rs. 192.26 cr to GOI

• PNB Celebrates its 113th Foundation Day

• BHEL Total turnover Rs. 18,702 cr during 2006-07

• SAIL to provide consultancy for Rs. 100 cr Power Plants

• PNB Opens its 10th MID Corporate Branch

• GAIL and Indian Oil ink MoU for JV

• PNB Increases BPLR by 75 Basis Points

• ONGC approves slew of investment proposals

• NTPC Performance Highlights

• OBC Raises PLR By 75 Basis Points

• PM lays foundation stone of Rs 5460 Cr PP in Assam

• ONGC Signs Service Contract for Marginal Fields

• PNB Launches 1000th ATM With 3ml Card Holders

• SAIL approves Rs. 11262 cr for Bhilai Steel Plant

• MMTC Pays Interim Dividend of Rs. 12.4 cr

• SJVN Signs MoU with Ministry of Power

• PNB Revises IR on Non –Resident Deposits

• Maruti sold record 6,35,629 Vehicles in 2006-07

• ONGC leads 34 Indian firms in Forbes' 2000 list

March 2007

• OBC inks pact with M/s Escorts Ltd.

• GAIL to lay 5000 km of new natural gas pipelines

• ONGC signs MoU with Ministry of P&NG for FY-08

• MOIL Pays Interim Dividend of Rs. 18.27 cr to GOI

• BMW Plans Major Investments in India

• GAIL signs MoU with GOI for FY 2007-08

• CIL Pays Final Dividend of Rs.699.72 cr to GOI

• Konkan Railway to Run Summer Special Trains

• Govt. Signs MoU With Indian Oil

• Rashtriya Ispat Nigam Signs Mou With Govt.

• NTPC signs US $ 100 mn Loan Agreement with KfW

• NALCO Pays Interim Dividend of Rs. 84 Cr

• Powergrid Pays Interim Dividend of Rs. 115 Cr

• NTPC signs MoU with Govt. of India

• Education Loan Cheaper at PNB

• NSPCL Announces Interim Dividend of Rs. 3 cr

• NTPC's Seven Stations Bag National Awards

• SAIL floats Cement JV with JAL

• NTPC signs MoA with Govt of Sri Lanka & CEB

• PNB Gets Farmer's Capacity Building Award

• Sarthak Behuria re-elected Chairman of SCOPE

• GAIL-RIL sign MoU for Joint Co-operation

• NTPC and Coal India signes MoU for JV

• Maruti announces marginal price increase

• RITES Pays Rs. 33 cr as Interim Dividend

• ONGC receives Insurance claim for BHN Platform

• Vindhyachal becomes the LPS of the country

• PNB's CMD inaugurates 20th branch of EBL, Nepal

• CIL Pays Rs. 800 cr Dividend to Govt.

• PNB's CMD inaugurates 20th branch of EBL, Nepal

• Vindhyachal becomes the LPS of the country

• SAIL wins SCOPE Gold Trophy

• OVL signs EPSA Agreement with NOC of Libya

• PM presents MoU Award to CMD, BHEL

• NTPC tops list of MOU Awards

• PNB Launches Kalyani Card Scheme for Women

• GAIL declares 25 % Special Interim Dividend

• Maruti sold Record 1 lakh Alto in five months flat

• PNB Pays Rs.72.90 Crore Dividend to GOI

• SAIL Pays Interim Dividend of Rs. 567.15 Cr

• Canara Bank, HSBC & OBC to Establish LIC in Ind.

• Konkan Railway gets ISO 9001:2000 Certificate

• GAIL signs Production Sharing Contracts

• PNB Revises IR on Non –Resident Deposits

• United Nations registers ONGC’s 2nd CDM Project

• STC Pays Interim Dividend of Rs 5.46 cr

February 2007

• Highlights of Union Budget 2007-08

• Highlights of Railway Budget 2007-2008

• OBC Pacts with Bhartiya Vikas Trust for SEP

• PNB Increases IR on its Fixed Deposit Schemes

• Maruti sold record 62,999 Vehicles in Feb. 2007

• Highlights of Economic Survey 2006-07

• BHEL pays 125 % dividend for FY0607

• MTNL announces interim dividend

• Bhattacharya is new SAIL’s Director,  Finance

• Double dight growth within sight L CII President

• BSNL Repays Rs. 2500 Cr towards the NLC

• BHEL bags Rs 144 cr PowerGrid order

• GAIL bags Platinum Safety Award 2007

• BHEL Commissions 250 MW TPS in Maharashtra

• BSNL Repays Rs. 2500 Cr towards the NLC

• BEL Pays Interim Dividend of 24 Crore

• OBC raises PLR by 75 basis points

• GRSE Pays Interim Dividend of 10.62 cr

• GAIL inks pact with IIP/CSIR for joint marketing

• PNB Launches Sampurn Rin Yojna For Farmers

• MOU between NTPC and BEML

• PNB Opens its Ist Capital Market Services Branch

• NTPC pays Interim Dividend of 1978.92 cr

• PNB Increases BPLR by 50 Basis Points

• Concor Presents Dividend Cheque of Rs. 45.10 Cr

• ENI and ONGC signs Co-operation Agreement

• BEML Presents Dividend Cheque of Rs. 9 Cr

• RBI Credit Policy for the Year 2006-07 : Highlights

• GAIL launches e-tendering

• PNB Gets Winner Trophy in Hockey

• GAIL bags Quality Excellence Award, 2007

• ONGC & Gazprom agree to expand mutual coop.

• BHEL wins order worth Rs.400 Cr  in HP

• ONGC is first PSU registered by United Nations

• SAIL signs MoU with Indian Railways

• BHEL wins Mega Contract  worth Rs. 3,900 Cr

• Eight New Executive Directors at NTPC

• RINL Net Profit exceeds 263 crore

• Konkan Rly Earns Record Breaking Revenues

• PNB Revises IR on Non –Resident Deposits

• Maruti announces marginal price increase

• PNB Launches "PNB Mahabachat" Term Deposit

• OBC Hike IR on Domestic Term Deposits

• Maruti sold record 62,248 Vehicles in Jan. 2007

• SSP bag order for 11,300 tonnes to the Govt.

• PNB Q3 net profit up 16 % at Rs 430 cr

• Dr. U D Choubey appointed CMD, GAIL

• BHEL bags ADB funded Project worth Rs. 505 cr

• GAIL Q3 net profits at Rs. 665 cr

January 2007

• NTPC Net Sales Up 17.31% and Profit up 20.60%

• ONGC approves investments in Western Offshore

• BHEL’s generating sets achieve top generation

• SAIL’s Q3 Net profit higher by 124% at 1,471 cr

• PNB Pays Homage to Lala Lajpat Rai

• S K Garg appointed CMD, NHPC

• 720 MW capacity gained through Partnership

• PNB launches RTGS online facility

• OBC net profit up by 32.42% at Rs. 535.94 Cr

• BHEL wins mega turnkey contract at Mejia TPS

• Maruti Q3 Net up 11 per cent to Rs 3764.1 million

• PNB Revises IR on Domestic Term Deposits

• First 765 kV Switchyard at Sipat Inaugurated

• Petroleum Conference--"Petrotech' 07" at Delhi ends on

• ONGC to pick up 30 per cent stake in Venezuela

• Sudan may double crude output in 2-3 years: DEM

• No cut in petro-prices for now: Petroleum Minister

• ONGC, Russian TGT sign MoU for increasing oil output

• India to grant Scholarship to Students

• ONGC Confirms Discovery of Natural Gas

• PNB Housing Finance ties up with IFFCO TOKIO

• OBC inks pact with ITL and ICML

• Agreement Signed for SSP Projects

• PNB Gets Golden Peacock Award - 2006

• SAIL bags BML Munjal Award

• BHEL bags Rs.380 Cr contract from PSEB

• Petrotech 2007 Ready to Roll

• PNB Revises IR on Non-Resident Deposits

• Maruti sold record 54,640 Vehicles in Dec. 2006