• 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 […]
  • Supreme Court order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit
    Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said. The judgement covers loans above […]
  • LIC Cards launches RuPay prepaid gift card ‘Shagun’
    LIC Cards Services Ltd (LIC CSL) has launched a contactless prepaid gift card ‘Shagun’ in collaboration with IDBI Bank on the RuPay platform. The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and […]
  • ONGC to procure 1 lakh oxygen concentrators
    State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it will procure one lakh oxygen concentrators to aid India’s fight against the world’s worst outbreak of coronavirus pandemic. The company will use its understanding of the global supply chain and logistics to procure one […]
  • IREDA and NHPC vaccinate over 300 employees
    A two-day free COVID vaccination camp jointly organised by IREDA and NHPC Ltd. for the 18-44 age group employees on 7th and 8th May at IREDA’s Corporate Office, New Delhi.  New Delhi: A two-day free COVID vaccination camp was jointly organised by Indian Renewable Energy Development […]