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Public Sector News

Union Bank, PNB Housing Finance announce rate cuts

Union Bank, PNB Housing Finance announce rate cuts

🕔07:00, 9.May 2020

New Delhi, May 9 In a relief for the common man, banks and NBFCs have off late announced rate cuts, with Union Bank of India and PNB Housing Finance Ltd joining the fray on Friday. The Union Bank of India has

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CMD NLCIL with Directors interacts with Families of injured through VC

CMD NLCIL with Directors interacts with Families of injured through VC

🕔17:32, 8.May 2020

In continuation to the information issued vide Press Note dated 07-05-2020 on the unfortunate accident that had occurred in one of the Boilers of Thermal Power Station-II, NLC India Limited, Neyveli, the following update is being shared: The two regular

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HAL resumes normal ops with staggered shifts

HAL resumes normal ops with staggered shifts

🕔17:25, 8.May 2020

Bengaluru, May 8  With the partial easing of the extended lockdown norms, state-run Hindustan Aeronautics Ltd (HAL) resumed normal operations with staggered shifts in this aerospace hub, the defence behemoth said on Friday. “In compliance with the Ministry of Home

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Online Fraudulent Offers through fake letters & mails’ demanding money from fake websites on selection of  LPG distributors and Retail Outlet dealers

Online Fraudulent Offers through fake letters & mails’ demanding money from fake websites on selection of LPG distributors and Retail Outlet dealers

🕔18:40, 7.May 2020

Mumbai, 7th May 2020:  It has come to the notice of Oil Marketing Companies (OMCs), viz – Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. & Hindustan Petroleum Corporation Ltd., that some unknown persons/bogus agencies are sending fake letters and

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Govt-owned PFC accumulates NPAs of Rs 47,454 cr: IEEFA

Govt-owned PFC accumulates NPAs of Rs 47,454 cr: IEEFA

🕔12:07, 7.May 2020

New Delhi, May 7  Government-owned Power Finance Corporation (PFC) has accumulated non-performing assets (NPAs) totalling Rs 47,454 crore ($6.8bn) as of December 2019, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday. The

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Punjab National Bank’s appeal in $45m fraud claim brought in UK courts refused

Punjab National Bank’s appeal in $45m fraud claim brought in UK courts refused

🕔07:17, 6.May 2020

New Delhi, May 6 The Court of Appeal in London has refused permission for the British subsidiary of Punjab National Bank (PNB) to appeal against a judgment dismissing its $45 million claim for fraud and misrepresentation in loans given to Indian

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People pay more for fuel but OMCs on way to record-high marketing margins

People pay more for fuel but OMCs on way to record-high marketing margins

🕔17:31, 5.May 2020

New Delhi, May 5  State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, and HPCL may see significant erosion in the earnings during the January-March quarter of FY20 even though low crude and product prices jacked up their margins on

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BHEL may sell, offer manufacturing units to global players

BHEL may sell, offer manufacturing units to global players

🕔13:42, 5.May 2020

New Delhi, May 5  State-owned Bharat Heavy Electricals Ltd (BHEL) may sell four to five units of its non-core manufacturing business under government’s asset monetisation process during the ongoing financial year. The government also plans to dilute its equity in

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BHEL invites Global OEMs to Leverage Its Facilities and Capabilities to ‘Make in India’

BHEL invites Global OEMs to Leverage Its Facilities and Capabilities to ‘Make in India’

🕔11:17, 4.May 2020

New Delhi, May 4: The ongoing economic disruption across the world, due to Covid-19 has highlighted the dangers of manufacturing activities being concentrated in a single location and thrown up the need for diversification of supply chains and manufacturing.  This has

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IndianOil’s robust digital technology aids seamless operations in lockdown

IndianOil’s robust digital technology aids seamless operations in lockdown

🕔10:09, 2.May 2020

New Delhi, 2nd May, 2020: As the world fights the Covid-19 pandemic, corporates are increasingly relying on digital technology in dealing with the new normal. For IndianOil too, digital technology has emerged as the fulcrum around which the entire organisation is

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SAIL emerges as the largest miner for steel making input minerals in FY’20

SAIL emerges as the largest miner for steel making input minerals in FY’20

🕔16:21, 1.May 2020

New Delhi, May 01, 2020: Steel Authority of India Limited (SAIL), a Maharatna Public Sector Unit, has emerged as the largest miner for steel making input minerals in FY 2019-20. While Coal India Limited is the overall largest miner in the

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Ramesh Babu V takes charge as Director (Operations), NTPC

Ramesh Babu V takes charge as Director (Operations), NTPC

🕔16:15, 1.May 2020

Shri Ramesh Babu V assumes his new role as Director (Operations), NTPC Ltd w.e.f 01.05.2020.  Shri Babu graduated as a Mechanical Engineer from NIT Srinagar and completed his Masters in Thermal Engineering from IIT Delhi. He joined NTPC as Executive

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BHEL optimises emphasis on Employee Engagement during the Lockdown

BHEL optimises emphasis on Employee Engagement during the Lockdown

🕔16:06, 1.May 2020

New Delhi, May 1: Undaunted by the unprecedented halt in operations due to the lockdown, Bharat Heavy Electricals Limited (BHEL) has achieved a major milestone by successfully implementing a huge employee engagement initiative. In the past one month, the company has

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IndianOil elevates customer convenience; initiates door-to-door delivery of diesel

IndianOil elevates customer convenience; initiates door-to-door delivery of diesel

🕔05:45, 1.May 2020

30th April 2020, Mumbai:  Further to the successful pilot launched in March 2018, IndianOil has started its unique initiative for door –to-door delivery of diesel through mobile dispensers. To meet the fuel demands in the industrial, mining, rural and remote

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HUDCO Marks its Golden Jubilee

HUDCO Marks its Golden Jubilee

🕔17:48, 29.Apr 2020

On the occasion of HUDCO’s Golden Jubilee,more than 1000 officials and stakeholders from across the country joineda live webcastevent to mark 50 years of distinguished service to the nation.In the wake of the corona pandemic, the use of information technology

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NLC India starts mining coal in Odisha

NLC India starts mining coal in Odisha

🕔09:54, 29.Apr 2020

Chennai, April 28 Integrated lignite/coal mining-cum-power generation company NLC India Ltd said on Tuesday that it has started coal production at its mines in Odisha. In a regulatory filing, NLC India said that it has started coal production for the

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NLC India Limited Marks its Footprints on Coal

NLC India Limited Marks its Footprints on Coal

🕔06:49, 28.Apr 2020

NLC India Limited, a Navratna Public Enterprise under the Ministry of Coal, has for the first time, commenced production of Coal on 26th April 2020.  The coal produced from Talabira II and III Mines in the state of Odisha, which

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NTPC provides uninterrupted power supply despite lockdown

NTPC provides uninterrupted power supply despite lockdown

🕔11:44, 26.Apr 2020

The Corona pandemic has failed to dent the spirit of NTPC, India’s largest power producer and a PSU under Ministry of Power, in providing uninterrupted power supply to the nation. Every power station of the Maharatna has risen to the

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Interim CSR Budget allocation of Rs. 60.5 Crore for 2020-21 by NHPC

Interim CSR Budget allocation of Rs. 60.5 Crore for 2020-21 by NHPC

🕔11:41, 26.Apr 2020

The Committee of Directors on CSR & Sustainability of NHPC Limited during its 35th meeting held on 24th April 2020 approved the Interim CSR Budget allocation of Rs. 60.5 crore for 2020-21 including an amount of Rs. 15 crore for “PM CARES

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Covid-19 crisis marks importance of power utilities: NTPC

Covid-19 crisis marks importance of power utilities: NTPC

🕔19:55, 25.Apr 2020

New Delhi, April 25 The Covid-19 crisis has underlined the significance of power utilities that have assumed greater significance as electricity is extremely critical in smooth functioning of several sectors of the economy, according to state-run NTPC, here on Saturday. NTPC

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