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IndianOil reports net profit of ₹4,549 crore for Q1 2017-18

IndianOil reports net profit of ₹4,549 crore for Q1 2017-18

New Delhi, August 3, 2017: IndianOil’s income from operations for the quarter ended 30th June, 2017 rises by 19.6% at ₹1,28,191 crore as compared to ₹1,07,197 crore in corresponding quarter of 2016-17. Net profit for the current quarter was...

First batch of trainees completing training under MRPL Kaushal Vikas Kendra

Mangaluru. August 3, 2017 : The First batch of trainees undergoing training under MRPL Kaushal Vikas Kendra have completed their training at NTTF, Bangalore. The trainees have undergone four months training in two trades : Industrial Electrician and CNC...

Trump signs bill imposing sanctions on Russia, Iran, N Korea

Washington, Aug 3  US President Donald Trump has signed a sweeping sanctions measure that targets Russia, Iran and North Korea, the White House has said. The US President’s signature on Wednesday has come after some speculation that he could veto...
Chris Wray sworn in as FBI director

Chris Wray sworn in as FBI director

Washington, Aug 3  Christopher Wray was sworn in as FBI director, taking the helm of the agency after its previous director, James Comey, was abruptly fired by President Donald Trump in May, the media reported. “It is the honour of a lifetime to...
Proposed US immigration reform doesn’t cover H-1B visas

Proposed US immigration reform doesn’t cover H-1B visas

New York, Aug 3  A proposed US immigration reform legislation is narrowly focused on Green Cards and it does not cover temporary non-immigrant visas like the H1-B given to tens of thousands of Indian professionals. The Reforming American Immigration...

Myanmar not setting up trading zone at India border

Nay Pyi Taw, Aug 3  The Myanmar government will not set up a trading zone on its border with India due to insufficient basic requirements and poor potential trading, a top commerce official told the House of Representatives here. When asked by parliamentarians...
Rupee strengthens to a new two-year high

Rupee strengthens to a new two-year high

Mumbai, Aug 3  The RBI’s decision to lower key lending rates and healthy inflows of foreign funds in capital markets pushed the Indian rupee to close at a new two-year high level of Rs 63.70 to a US dollar on Wednesday. Besides, a smooth GST roll-out,...

Cabinet apprised of MoU with Spain on renewable energy

New Delhi, Aug 3  The Union Cabinet chaired by Prime Minister Narendra Modi was on Wednesday apprised of an MoU between India and Spain on cooperation in renewable energy, an official statement said. The memorandum of understanding was signed on May...

Cabinet approves India-BRICS MoU for Agriculture Research Platform

New Delhi, Aug 3  The Union cabinet on Wednesday gave ex-post facto approval for a MoU between India and BRICS countries to set up a BRICS-Agriculture Research Platform (BRICS-ARP). During the 7th BRICS summit held on July 9, 2015 at Ufa in Russia, Prime...

UCO Bank net loss widens by 50% in Q1

Kolkata, Aug 3  State-run lender UCO Bank on Wednesday reported a net loss of Rs 663.02 crore in the quarter ended June 30, 2017, widening by over 50 per cent from Rs 440.56 crore in the year-ago period. The loss was attributed to higher provisioning...

RBI urges states to facilitate affordable housing projects

Mumbai, Aug 3  Reserve Bank of India Governor Urjit Patel on Wednesday urged states to facilitate affordable housing projects which have a strong multiplier effect on boosting growth. “I think, we need a time bound, single window clearance by state...

US-India partnership can shape up India’s digital economy: Government

New Delhi, Aug 3  The new US-India Strategic Partnership Forum (USISPF) that was announced on Wednesday can shape up the Indian digital payment and economy sector and help the GDP grow, a top government official said here. “India’s digital...
CCEA approves rail projects worth Rs 3,600 crore

CCEA approves rail projects worth Rs 3,600 crore

New Delhi, Aug 3 The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved rail projects including doubling and electrification of 349 km of tracks at a cost of Rs 3,616 crore involving important junctions...

Cabinet approves construction of doubling of line with electrification between Thiruvananthapuram and Kanniyakumari 

New Delhi, August 03 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the construction of double line with electrification between Thiruvananthapuram in Kerala and Kanniyakumari in Tamil Nadu. The...

Cabinet approves construction of doubling of line with electrification between Madurai-Vanchi and Maniyachchi-Tuticorin 

New Delhi, August 03 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the construction of double line with electrification between Madurai-Vanchi and Maniyachchi-Tuticorin in Tamil Nadu. The total length...

Cabinet approves construction of doubling of line with electrification between Vanchi-Maniyachchi- Nagercoil via Tirunelveli 

New Delhi, August 03 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister  Narendra Modi, has approved the construction of double line with electrification between Vanchi-Maniyachchi- Nagercoil via Tirunelveli in Tamil Nadu.The total...