PSU

  • IGL, SDMC sign MoU to establish Waste to Energy plant
    New Delhi [India] : Indraprastha Gas Limited (IGL) on Monday signed a Memorandum of Understanding with South Delhi Municipal Corporation (SDMC) to establish waste to energy plant in Delhi to convert Municipal Solid Waste into Compressed Bio-Gas (CBG), as per a press release by the […]
  • Tata group bids for Air India, bidding process in concluding stage
    New Delhi [India]: The Tata Group has made its financial bid for the debt-laden national carrier Air India (AI) on Wednesday, said government sources. According to sources, the Tata group’s bid is also at the forefront. The Tata-winning Air India would be the airline’s homecoming […]
  • BPCL’s AI enabled Chatbot ‘Urja’ enhances digital experience of customers
    Mumbai (Maharashtra) [India], September 4 : Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, announces the launch of ‘Urja’, an intelligent virtual assistant with AI/NLP (Natural Language Processing) capabilities and trained on more than 600 use cases.With the objective of […]
  • SBI marks 75 years of Independence with new offers for customers
    Mumbai (Maharashtra) [India]: State Bank of India (SBI) on Monday announced several offers, including a 100 per cent waiver on processing fees for car loan customers across all channels. The customers can further enjoy the facility of up to 90 per cent on-road financing. SBI […]
  • PM Modi to launch Ujjwala Yojana 2.0 on Aug 10
    New Delhi [India]: Prime Minister Narendra Modi will launch ‘Ujjwala 2.0’ (Pradhan Mantri Ujjwala Yojana-PMUY) by handing over LPG connections at Mahoba district of Uttar Pradesh on August 10 by video conferencing. According to an official release, the Prime Minister will interact with beneficiaries of […]
  • HPCL Q1 profit at Rs 1,795 Crore, revenue up by 68 pc
    Mumbai (Maharashtra) [India]: Hindustan Petroleum Corporation Limited (HPCL) has recorded a Profit after Tax (PAT) of Rs 1,795 crore during April-June 2021.Revenue for the quarter is Rs 77,586 crore as compared to Rs 46,108 crore during the corresponding previous period. An official release said that […]
  • MCL targets to produce 163 million tonnes coal to meet growing demand: CMD
    Bhubaneswar; Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limitedhas targeted to produce 163 million tonnes of coal to meet the growing energy demand of the country, according to its CMD P K Sinha. Mr. Sinha, who was on a three-day visit to Talcher […]
  • Bank privatisation move an exciting opportunity for investors: Former RBI DG
    The government’s move to privatise two state-owned lenders presents an “exciting” opportunity for investors looking to get into the business, former RBI Deputy Governor N S Vishwanathan on Thursday said. What is good for the country will have to be looked at while deciding on […]
  • Paytm IPO: The company has filed draught documents for a public offering of Rs 16,600 crore.
    Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600 crore initial public offering (IPO). According to the document, the company plans to raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through […]
  • BPCL to set up Ethanol production plant in Telangana
    Hyderabad, Jul 13: Bharat Petroleum Corporation Ltd (BPCL) on Tuesday announced to set up an Ethanol production plant in Telangana with an investment of Rs 1000 crore. A high-powered team from BPCL who met Telangana Principal Secretary (Industries and Commerce) Mr. Jayesh Ranjan, expressed their […]
  • LIC’s stake in IDBI Bank to be sold along with govt’s: DIPAM
    LIC’s holding in IDBI Bank would be sold along with the government’s stake in the lender’s disinvestment, but the exact quantum of stake dilution is yet to be decided, the Department of Investment and Public Asset Management (DIPAM) has said. The central government and LIC […]
  • Govt has no business to be in business, says PM Modi as he stresses on privatisation of PSUs
    Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. “It is government’s duty to support enterprises and businesses. But it is […]
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