August 23, 2017   
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Home » Archive for August 11th, 2017

Inflation to be below RBI’s 4% target by March 2018: Economic Survey

New Delhi, Aug 11 India faces the risk of deflationary impulses owing to stressed agricultural revenues, bad loans, farm loan waivers and the fiscal tightening they would entail, that could push inflation below the Reserve Bank of India’s (RBI)...

Jet Airways to offer 20-30% discounted fares

New Delhi, Aug 11  Full service carrier Jet Airways on Thursday said it will offer 30 per cent discount on economy fares and 20 per cent on premiere fares in a six-day celebratory fare sale starting on August 11. “Tickets purchased as part of the...

Japanese firm to invest Rs 1,000 cr in Andhra

Amaravati, Aug 11 Toray Industries Inc, a Japanese multinational corporation, will invest Rs 1,000 crore for the manufacture of technical textiles in Andhra Pradesh. Chief Minister N. Chandrababu Naidu on Thursday approved the project, which will come...
Ivanka Trump to lead US delegation for summit in India

Ivanka Trump to lead US delegation for summit in India

Washington, Aug 11  President Donald Trump’s daughter and White House adviser Ivanka Trump will lead the US delegation to India for the Global Entrepreneurship Summit (GES) slated for November, the media reported. The move was announced on Thursday...
Centre to launch scheme for self-help groups

Centre to launch scheme for self-help groups

New Delhi, Aug 11  The Centre on Thursday said it will launch a new scheme under which self-help groups will run road transport services in backward areas. The “Aajeevika Grameen Express Yojana (AGEY)” is part of Deendayal Antyodaya Yojana...
RBI to transfer Rs 30,659 crore surplus to government

RBI to transfer Rs 30,659 crore surplus to government

Mumbai, Aug 11  The Reserve Bank of India on Thursday said it will transfer Rs 30,659 crore surplus to the government for the year ended June 30, 2017. The Central Bank which follows the July-June year had transferred Rs 65,876 crore to the government’s...

Power Finance Corp net dips 17% in Q1

New Delhi, Aug 11  Power Finance Corp Ltd (PFCL) on Thursday reported a standalone net profit of Rs 1,429 crore for the first quarter (Q1) of fiscal 2017-18, registering a 17 per cent annual decline from Rs 1,713 crore in the same period year ago. In...
Lok Sabha passes bill facilitating merger of SBI subsidiaries

Lok Sabha passes bill facilitating merger of SBI subsidiaries

New Delhi, Aug 11  The Lok Sabha on Thursday passed a bill to facilitate merger of five associate banks with the State Bank of India. The State Banks Repeal and Amendment Bill, 2017, repeals two Acts — State Bank of India (Subsidiary Banks) Act,...
REC issues clarification on compliance of RBI Norms

REC issues clarification on compliance of RBI Norms

REC CMD Dr. P V Ramesh announcing Q1 results, also in picture Shri Ajeet Agarwal, Director (Finance) and Shri S K Gupta, Director (Projects) New Delhi, August 11 There has been coverage in several media reports yesterday that Rural Electrification Corporation...
REC organizes National Workshop on Universal Electrification

REC organizes National Workshop on Universal Electrification

Ministry of Power, REC and Government of Bihar jointly organized a National Workshop on Universal Electrification chaired by Shri. A K Bhalla, Secretary Power, GoIon 8th and 9th August 2017 in Patna.The workshop was conducted to deliberate upon the issues...
M. Venkaiah Naidu sworn in as new Vice President

M. Venkaiah Naidu sworn in as new Vice President

New Delhi, Aug 11  M. Venkaiah Naidu on Friday took oath as the new Vice President at a simple ceremony in Rashtrapati Bhawan’s Durbar Hall here. President Ram Nath Kovind administered the oath of office to the former Bharatiya Janata Party leader...

GAIL Q1 net profit falls 23% to Rs 1,025 cr

New Delhi, Aug 11  State-run gas transmission utility GAIL India on Thursday reported a 23 per cent fall in net profit for the first quarter of the fiscal ended June at Rs 1,025.64 crore, as compared to a profit after tax (PAT) of Rs 1,335.18 crore in...