Monday, Sep 21st 2020
Trending News
03, Nov 2017, by : FnF Correspondent

POWERGRID has successfully completed and charged 220 kV S/c Leh - Khalsti Line section of 220 KV S/c Alusteng (Srinagar) - Leh Transmission line, along with 220/66 kV GIS sub-stations at Leh and Khalsti on 31st Oct'17. Read News

09, Sep 2017, by : FnF Desk

India could sell stakes in state-owned companies to fund a bank recapitalisation and revive growth without straying from the path of fiscal consolidation, the former head of the Reserve Bank of India (RBI) said on Thursday. Stronger, better-managed banks should be given the capital they need to absorb losses as a matter of high priority, Raghuram Rajan, who left the RBI last year, told Reuters in an interview.Read News

22, Aug 2017, by : FnC Correspondents

State-owned power giant National Thermal Power Corporation Limited (NTPC) has sought shareholders' approval to raise ₹15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and other corporate purposes. The special resolution is listed on the agenda of the annual general meeting scheduled for September 20, NTPC said in a BSE filing today. According to the statement, the company intends to raise ₹15,000 crore through non-convertible debentures (bonds) Read News

21, Aug 2017, by : FnC Correspondents

In a stern warning to his cabinet ministers, Prime Minister Narendra Modi told them to refrain from staying in five-star hotels, and avail of any benefit from public sector undertakings attached to their ministries. As per a Times of India report, PM Modi had on Wednesday asked his ministers to stay back after a cabinet meeting and 'read the riot act' to them. The report said that the prime minister was 'extremely unhappy' with the recent tendency of some ministers' preference to stay in five-star hotels instead of accommodation that the government provides.Read News

18, Aug 2017, by : FnF Desk

After several complaints being raised by the start-ups regarding Central public sector companies not following the public procurement guidelines, Department of Industrial Policy and Promotion (DIPP) had taken up the matter with to P K Sinha, Cabinet Secretary. Several start-up firms have reportedly complained that the Central public sector companies are not following the public procurement guidelines that exempt them from the requirement of ''prior turnover and prior experience''.Read News

16, Aug 2017, by : FnC Correspondents

Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year. The outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, as against Rs 76,685 crore at the end of March 2016, registering a jump of 20.4 per cent.Read News

08, Aug 2017, by : FnF Correspondent

Public sector banks have "written off" nearly Rs 2.5 lakh crore loans in the last five financial years, the finance ministry said quoting RBI data. As many as 27 public sector banks, including SBI and its five associates, in 2016-17 have written off Rs 81,683 crore, the highest in the last five fiscals. The amount was 41 per cent higher than that in the previous fiscalRead News

24, Jul 2017, by : FnF Correspondent

Oil minister Dharmendra Pradhan informed Lok Sabha that a panel led by finance minister Arun Jaitley will decide on the modalities of divesting 51.11% of government's stake in state-run refiner Hindustan Petroleum Corp. Ltd (HPCL) to explorer Oil and Natural Gas Corp. (ONGC) as decided by the government on 19 July.Read News

04, Jun 2017, by : FnF Correspondent

The two organizations will work together to set up training centres and centre of excellence in India with the aim of increasing employability of youth aspiring to work in the aerospace and aviation sector under the guidance of Aerospace and Aviation sector skill councilRead News

17, May 2017, by : FnF Correspondent

The existing Pragati Maidan Complex that so far used to organise National and International Exhibitions and facilitate holding of various other events, is set to get all new face with its upcoming redevelopment into a World class state-of-the-art Integrated Exhibition-cum-Convention Centre (IECC). Read News

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