News

India, Singapore extend MoU to co-operate on public administration till 2028 The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions, Government of India and The Public Service Division, of the Republic of Singapore have signed a Protocol Document on July 6, 2023, extending for five years the current MoU on Cooperation in the field of Personnel Management and Public Administration till 2028. The MoU aims at strengthening the partnership between the two countries through various forms of cooperati...
India, Singapore extend MoU to co-operate on public administration till 2028
India, Singapore extend MoU to co-operate on public administration till 2028
Source: Accord Fintech
7/07/2023 11:19:23 AM
Banks allowed to operationalise Mahila Samman Savings Certificate scheme The government has authorised all public sector banks and eligible private sector lending institutions to implement and operationalise the Mahila Samman Savings Certificate, 2023. The Finance Ministry, through a gazette notification issued on June 27, authorised banks to implement the scheme, which was announced by Finance Minister Nirmala Sitharaman during her budget speech on February 1. The scheme is aimed at enabling enhanced access for girls and women. With this, Mahila Samman Savi...
Banks allowed to operationalise Mahila Samman Savings Certificate scheme
Banks allowed to operationalise Mahila Samman Savings Certificate scheme
Source: IANS
1/07/2023 9:25:22 AM
Canada`s employment continues upward trend in March Canada's employment grew by 35,000, or 0.2 per cent, in March, following little change in February and strong growth in January and December, Statistics Canada said. Employment has generally trended up since September 2022. Over that period, the number of people employed has increased by 383,000, or 1.9 per cent, the national statistical agency added on Thursday. Employment gains in March were concentrated among private sector employees and there was little change in the number of p...
Canada`s employment continues upward trend in March
Canada`s employment continues upward trend in March
Source: IANS
7/04/2023 10:07:47 AM
Government receives dividend tranches from NPCIL, UCIL and HAL The government on Friday received Rs 736 crore and Rs 102 crore from public sector undertakings (PSUs) Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India Limited (UCIL) respectively as dividend tranches. Today is the last day of the current financial year 2022-23.indu Dividends and profits earned by the government from PSUs belong to the capital budget. Government also received Rs 503 crore and Rs 23 crore from HAL and Mishra Dhatu Nigam Limited (MIDH...
Government receives dividend tranches from NPCIL, UCIL and HAL
Government receives dividend tranches from NPCIL, UCIL and HAL
Source: IANS
31/03/2023 5:11:02 PM
Procurement of goods and services from GeM likely to cross Rs 2 lakh crore in FY23: P K Singh CEO of the Government e-Market (GeM) P K Singh has said that procurement of goods and services from government portal GeM is expected to cross Rs 2 lakh crore during this fiscal year (FY23) on account of an increase in buying activities by different ministries and departments. The procurement crossed Rs 1.5 lakh crore on February 1, 2023. Singh said huge potential is there in states and public sector undertakings to increase the buying from the platform. He noted that the portal was launch...
Procurement of goods and services from GeM likely to cross Rs 2 lakh crore in FY23: P K Singh
Procurement of goods and services from GeM likely to cross Rs 2 lakh crore in FY23: P K Singh
Source: Accord Fintech
9/02/2023 12:30:41 PM
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services The struggle of state finances * The Centre’s finances look fairly manageable, despite the considerable capex push, led by strong growth in tax revenue, while non-tax revenue has expectedly declined. This, however, is not the case for the states, where healthy revenue growth has been met by increased focus on revenue expenditure, with capex actually down 3% YoY – with state borrowings being lower as a result (down 27% FYTD). * While the Centre has largely taken the baton to ...
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services
Source: Emkay Global Financial Services Ltd
27/12/2022 2:25:39 PM
India asks state-owned firms to consider insolvency court to shut units India has asked state-owned firms to consider moving the country's insolvency court to shut loss-making units, hoping for speedier resolutions as the government looks to slim down its public sector holdings. Public sector companies will have to file an insolvency application under the Insolvency and Bankruptcy Code (IBC) for the resolution of a loss-making unit within three months of approval from a committee comprising top cabinet ministers, according to guidelines released by the gov...
India asks state-owned firms to consider insolvency court to shut units
India asks state-owned firms to consider insolvency court to shut units
Source: Reuters
15/11/2022 3:58:38 PM
Likhitha Infrastructure jumps on receiving order worth Rs 305 crore Likhitha Infrastructure is currently trading at Rs. 397.15, up by 4.65 points or 1.18% from its previous closing of Rs. 392.50 on the BSE. The scrip opened at Rs. 392.50 and has touched a high and low of Rs. 403.00 and Rs. 384.90 respectively. So far 46632 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.00 on 19-Sep-2022 and a 52 week low of Rs. 236.00 on 22-Jun-2022. Last one week high and low of the scrip...
Likhitha Infrastructure jumps on receiving order worth Rs 305 crore
Likhitha Infrastructure jumps on receiving order worth Rs 305 crore
Source: Accord Fintech
3/11/2022 3:23:37 PM
Nirmala Sitharaman directs banks to enhance coverage of SCs in all schemes Finance Minister Nirmala Sitharaman on Wednesday called upon public sector banks to enhance coverage of Scheduled Castes (SCs) in all schemes and advised them to also look into their needs for capacity building and entrepreneurship development, as the community constitutes about 18 per cent of the total workforce of in banks and financial institutions. Sitharaman gave these directions during a review meeting of various Central financial schemes being implemented by state-owned banks and th...
Nirmala Sitharaman directs banks to enhance coverage of SCs in all schemes
Nirmala Sitharaman directs banks to enhance coverage of SCs in all schemes
Source: IANS
28/09/2022 10:33:28 AM
RailTel Corp appoints Sanjai Kumar as its MD & chairman RailTel Corporation of India on Firday (23 September 2022), announced that its board has approved the appointment of Sanjai Kumar as chairman & managing director of the company. He is an officer of the Indian Railway Service of Signal Engineers (IRSSE1). He was currently working as director of networking, planning & marketing at the company. RailTel, a "Mini Ratna (Category-I)" Central Public Sector Enterprise is an information and communications technology (ICT) provider...
RailTel Corp appoints Sanjai Kumar as its MD & chairman
RailTel Corp appoints Sanjai Kumar as its MD & chairman
Source: Dion Global Solutions Ltd
26/09/2022 12:34:11 PM
Share EY's rejig report, demands PSU non-life insurance unions The employee unions in the public sector general insurance companies have reiterated their demand for a copy of the Ernst & Young (EY) report on the restructuring of the four companies. The companies are: The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited. According to Girish Khurana National Convener, Joint Forum of Trade Unions and Associations (JFTU), the unions got only th...
Share EY's rejig report, demands PSU non-life insurance unions
Share EY's rejig report, demands PSU non-life insurance unions
Source: IANS
16/09/2022 5:35:27 PM
Niti Aayog CEO highlights importance of financing for EVs Niti Aayog CEO Parmeswaran Iyer on Wednesday said that the role of financing for enhancing electric mobility in the country is going to be significant in coming days. He also called for reducing risks in financing for electric vehicles (EV). Speaking at an event, Iyer while highlighting the significance of green mobility, said that it is going to help a great deal in decarbonisation. He further noted that greater penetration of electric vehicles is needed in rural India, as rapid urb...
Niti Aayog CEO highlights importance of financing for EVs
Niti Aayog CEO highlights importance of financing for EVs
Source: IANS
14/09/2022 4:26:44 PM
Mazagon Dock Shipbuilders gains on launching third Stealth Frigate Project 17A `Taragiri` Mazagon Dock Shipbuilders is currently trading at Rs. 432.05, up by 3.40 points or 0.79% from its previous closing of Rs. 428.65 on the BSE. The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 433.05 and Rs. 426.00 respectively. So far 25221 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 437.80 on 08-Sep-2022 and a 52 week low of Rs. 224.00 on 24-Feb-2022. Last one week high and low of the scr...
Mazagon Dock Shipbuilders gains on launching third Stealth Frigate Project 17A `Taragiri`
Mazagon Dock Shipbuilders gains on launching third Stealth Frigate Project 17A `Taragiri`
Source: IANS
13/09/2022 11:20:01 AM
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III Oil & Natural Gas Corporation is currently trading at Rs. 134.25, up by 0.30 points or 0.22% from its previous closing of Rs. 133.95 on the BSE. The scrip opened at Rs. 134.80 and has touched a high and low of Rs. 135.30 and Rs. 133.90 respectively. So far 43603 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of ...
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III
Source: Accord Fintech
12/09/2022 10:18:09 AM
Invested $3.71 bn in Cloud infra, jobs in India since 2016: AWS Amazon Web Services (AWS) has invested $3.71 billion in building local Cloud infrastructure and creating jobs in India in the last six years, a top company executive said on Friday. Max Peterson, Vice President, Worldwide Public Sector, AWS, told IANS that the company is bullish on the country's digital vision and will help it become a $5 trillion economy by 2030. "Following the launch of the AWS Asia Pacific (Mumbai) Region in 2016, AWS has invested $3.71 billion in local infr...
Invested $3.71 bn in Cloud infra, jobs in India since 2016: AWS
Invested $3.71 bn in Cloud infra, jobs in India since 2016: AWS
Source: IANS
9/09/2022 4:24:09 PM
Hindustan Aeronautics hits new 52-week high on BSE Hindustan Aeronautics (HAL) is currently trading at Rs. 2391.65, up by 15.15 points or 0.64% from its previous closing of Rs. 2376.50 on the BSE. The scrip opened at Rs. 2389.90 and has touched a high and low of Rs. 2428.80 and Rs. 2383.95 respectively. So far 26485 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,428.80 on 06-Sep-2022 and a 52 week low of Rs. 1181.25 on 20-Dec-2021. Last one week high and low...
Hindustan Aeronautics hits new 52-week high on BSE
Hindustan Aeronautics hits new 52-week high on BSE
Source: Accord Fintech
6/09/2022 3:59:59 PM
Telangana inks agreement with IISc to create Agricultural Data Exchange Telangana Government and Indian Institute of Science (IISc), Bengaluru, on Monday announced the signing of an agreement to jointly create India's first Agricultural Data Exchange (ADEx). ADEx will be built upon India Urban Data Exchange (IUDX), a pioneer in enabling the use of data for public good. IUDX was also created in IISc in partnership with the Ministry of Housing and Urban Affairs (MoHUA) and has launched a variety of platforms, tools, and applications that have benefitted urba...
Telangana inks agreement with IISc to create Agricultural Data Exchange
Telangana inks agreement with IISc to create Agricultural Data Exchange
Source: IANS
5/09/2022 3:48:41 PM
Government to brief PSU general insurance unions on rejig, performance based variable pay With talks on wage revision on between the unions in the public sector general and reinsurance companies, the General Insurers' (Public Sector) Association of India (GIPSA) seems to have bowled a googly at the unions. In a communication to the unions, GIPSA-the lobby body for the four public sector general insurers- said: "The wage revision will be based on the performance of each PSGIC (public sector general insurance company) and each individual within the Company." All ...
Government to brief PSU general insurance unions on rejig, performance based variable pay
Government to brief PSU general insurance unions on rejig, performance based variable pay
Source: IANS
24/08/2022 11:40:27 AM
GMDC trades in green on the BSE Gujarat Mineral Development Corporation is currently trading at Rs. 172.70, up by 0.30 points or 0.17% from its previous closing of Rs. 172.40 on the BSE. The scrip opened at Rs. 170.30 and has touched a high and low of Rs. 175.15 and Rs. 169.25 respectively. So far 184591 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 228.50 on 07-Apr-2022 and a 52 week low of Rs. 59.10 on 23-Aug-2021. Last one week high and l...
GMDC trades in green on the BSE
GMDC trades in green on the BSE
Source: Accord Fintech
23/08/2022 4:18:40 PM
Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report The net profit of the banks rose by 37.1 per cent year-on-year to Rs 44,048 crore in the first quarter of the current financial year, according to a Bank of Baroda research report. The net profit of public sector banks rose 9.2 per cent to Rs 15,307 crore, while that of private banks increased at a faster pace of 54.9 per cent to Rs 28,165 crore in Q1FY23. The report has analysed the financial performance of 35 banks of which 12 are public, 19 private while the remaining are small finan...
Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report
Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report
Source: IANS
19/08/2022 9:39:07 AM
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia Hindustan Aeronautics is currently trading at Rs. 2337.90, up by 47.00 points or 2.05% from its previous closing of Rs. 2290.90 on the BSE. The scrip opened at Rs. 2290.90 and has touched a high and low of Rs. 2340.00 and Rs. 2289.75 respectively. So far 19669 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2329.30 on 17-Aug-2022 and a 52 week low of Rs. 1082.75 on 18-Aug-2021. Last one week high and low of the...
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia
Hindustan Aeronautics surges on inking MoU to establish office in Malaysia
Source: Accord Fintech
18/08/2022 11:11:01 AM
`India requires a right mix of public and private sectors`  India can never be fully dominated by the public or private sectors; there has to be right mix of the two and while the governments privatisation effort "is driven chiefly by the consideration of fiscal deficit", the private sector has not risen to the countrys socio-economic challenges, says Ram Kumar Mishra, Senior Professor at the Institute of Public Enterprise (IPE) and co-author of "Creating, Building and Sustaining an Institution" that traces its contribution o...
`India requires a right mix of public and private sectors`
`India requires a right mix of public and private sectors`
Source: IANS
16/08/2022 2:57:33 PM
IRCTC rises on launching 8-day trip package to Rajasthan Indian Railway Catering and Tourism Corporation is currently trading at Rs. 640.90, up by 3.25 points or 0.51% from its previous closing of Rs. 637.65 on the BSE. The scrip opened at Rs. 644.15 and has touched a high and low of Rs. 648.40 and Rs. 633.00 respectively. So far 438052 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1278.60 on 19-Oct-2021 and a 52 week low of Rs. 459.87 on 30-Jul-2021. Last one week ...
IRCTC rises on launching 8-day trip package to Rajasthan
IRCTC rises on launching 8-day trip package to Rajasthan
Source: Accord Fintech
1/08/2022 11:25:33 AM
Hindustan Aeronautics moves up on signing contract worth over $100 million with Honeywell Hindustan Aeronautics is currently trading at Rs. 1950.05, up by 11.60 points or 0.60% from its previous closing of Rs. 1938.45 on the BSE. The scrip opened at Rs. 1960.00 and has touched a high and low of Rs. 1968.50 and Rs. 1942.85 respectively. So far 3346 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1970.00 on 17-Jun-2022 and a 52 week low of Rs. 1057.90 on 16-Aug-2021. Last one week high and low of the ...
Hindustan Aeronautics moves up on signing contract worth over $100 million with Honeywell
Hindustan Aeronautics moves up on signing contract worth over $100 million with Honeywell
Source: Accord Fintech
28/07/2022 9:53:42 AM
Centre grants exemption for fast authorisation of drone pilot training organisations The Civil Aviation Ministry has granted conditional exemption to the aviation regulator Director General of Civil Aviation (DGCA) for processing of applications for authorisation of remote pilot training organisations. The move is aimed at fast tracking the authorisation process of drone pilot training organisations in the country. As per the Drone Rules, any person who intends to obtain the authorisation to establish a remote pilot training organisation will have to submit an applicati...
Centre grants exemption for fast authorisation of drone pilot training organisations
Centre grants exemption for fast authorisation of drone pilot training organisations
Source: IANS
17/07/2022 9:23:22 AM
Hindustan Aeronautics gains on signing agreement with Safran Helicopter Engines Hindustan Aeronautics is currently trading at Rs. 1755.75, up by 14.70 points or 0.84% from its previous closing of Rs. 1741.05 on the BSE. The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 1767.00 and Rs. 1743.55 respectively. So far 10662 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1970.00 on 17-Jun-2022 and a 52 week low of Rs. 1054.45 on 20-Jul-2021. Last one week high and low of the...
Hindustan Aeronautics gains on signing agreement with Safran Helicopter Engines
Hindustan Aeronautics gains on signing agreement with Safran Helicopter Engines
Source: Accord Fintech
11/07/2022 11:12:34 AM
Do not stipulate solvency ratio for public sector general insurers: Department of Financial Services The Department of Financial Services under the Ministry of Finance has urged other ministries not to include solvency ratio criteria to government owned non-life insurers to participate in the tenders for general insurance needs. This will enhance competition in the bidding process without compromising on the quality of services. According to the Department of Financial Services, three government owned non-life insurers - National Insurance Company, Oriental Insurance Company and United In...
Do not stipulate solvency ratio for public sector general insurers: Department of Financial Services
Do not stipulate solvency ratio for public sector general insurers: Department of Financial Services
Source: Accord Fintech
5/07/2022 11:43:25 AM
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products NMDC has successfully sold and transferred 10.10% of the issued and paid-up equity share capital of Neelachal Ispat Nigam (NINL) to Tata Steel Long Products (TSLP), the successful bidder selected through the two-stage auction procedure involving a competitive bidding process, run under the aegis of Department of Disinvestment & Public Asset Management (DIPAM), for a consideration determined in accordance with and subject to the terms of the Share Purchase Agreement, Escrow Agreement and o...
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products
NMDC transfers 10.10% equity share capital of NINL to Tata Steel Long Products
Source: Accord Fintech
5/07/2022 10:42:51 AM
Don`t stipulate solvency ratio for public sector general insurers: Finance Ministry The Union Finance Ministry has urged other ministries not to include solvency ratio criteria to government owned non-life insurers to participate in the tenders for general insurance needs. In an Office Memorandum, the Department of Financial Services under the Ministry of Finance requested other Ministries not to include solvency ratio as a criterion for participation of public sector general insurers in tenders. "This would enhance competition in the bidding process without compr...
Don`t stipulate solvency ratio for public sector general insurers: Finance Ministry
Don`t stipulate solvency ratio for public sector general insurers: Finance Ministry
Source: IANS
4/07/2022 2:38:11 PM
Absence of full-time CMD, directors affects public sector non-life insurers The absence of full-time Chairman and Managing Director for the listed New India Assurance Company and full-time Directors for all the public sector non-life insurers, failure of IRDAI in curbing the unethical market practices of private players, are some of the issues affecting the government owned non-life insurers, said a union leader. Referring to the wage hike offer made by General Insurers' (Public Sector) Association of India (GIPSA), Girish Khurana National Convener, Joint Foru...
Absence of full-time CMD, directors affects public sector non-life insurers
Absence of full-time CMD, directors affects public sector non-life insurers
Source: IANS
24/06/2022 3:11:52 PM
Wage revision talks in PSU non-life sector to begin Wednesday The General Insurers' (Public Sector) Association of India (GIPSA), the lobby body for the four government owned multiline non-life insurers, will begin the wage revision talks with the unions on Wednesday. The GIPSA has informed the recognised unions representing the different cadres in the four companies -- The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited. Of the four, The...
Wage revision talks in PSU non-life sector to begin Wednesday
Wage revision talks in PSU non-life sector to begin Wednesday
Source: IANS
21/06/2022 4:59:17 PM
Public Sector Oil Companies in Tamil Nadu to set up 900 e-charging stations In a bid to go green, Public sector Oil Marketing Companies (OMCs) of Tamil Nadu will be setting up 900 e-charging stations in the state with Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation taking the lead. Indian Oil Corporation (IOC) has 133 e-charging stations in Tamil Nadu and is planning to install 400 more e-stations by the end of this financial year. Hindustan Petroleum Corporation (HPC) will be setting up 175 more e-charging stations from th...
Public Sector Oil Companies in Tamil Nadu to set up 900 e-charging stations
Public Sector Oil Companies in Tamil Nadu to set up 900 e-charging stations
Source: IANS
5/06/2022 11:04:32 AM
Central government creates new opportunities for private sector: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has said with licence quota raj prevailing during the 70 years of Congress regime, the policy change brought in by the central government under Prime Minister Narendra Modi has created new opportunities for the private sector by allowing them to manufacture products that were normally made by public sector units (PSUs). She said the previous regimes had centrally planned schemes with regulation of limited manufacturing opportunities and the aspirat...
Central government creates new opportunities for private sector: FM Nirmala Sitharaman
Central government creates new opportunities for private sector: FM Nirmala Sitharaman
Source: Accord Fintech
10/05/2022 9:24:00 AM
General insurance industry's GDPI likely to grow by 10-12% in current fiscal: Icra Ratings Rating agency Icra Ratings in its latest report has said that general insurance industry's gross direct premium income (GDPI) is expected to grow by 10-12 per cent in the current fiscal (FY23) on account of rising awareness of medical insurance and improvement in economic activity. It stated the GDPI of public sector (PSU) insurers is expected to grow moderately at 4-6 per cent, while private insurers are expected to capture market share by growing at a higher rate of 13-15 per cent ...
General insurance industry's GDPI likely to grow by 10-12% in current fiscal: Icra Ratings
General insurance industry's GDPI likely to grow by 10-12% in current fiscal: Icra Ratings
Source: Accord Fintech
28/04/2022 10:44:30 AM
Aurionpro Solutions zooms on winning order from large public sector bank in India Aurionpro Solutions is currently trading at Rs. 364.70, up by 24.70 points or 7.26% from its previous closing of Rs. 340.00 on the BSE. The scrip opened at Rs. 347.60 and has touched a high and low of Rs. 371.60 and Rs. 338.95 respectively. So far 9480 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 390.40 on 18-Jan-2022 and a 52 week low of Rs. 135.45 on 21-May-2021. Last one week high and low of the scrip sto...
Aurionpro Solutions zooms on winning order from large public sector bank in India
Aurionpro Solutions zooms on winning order from large public sector bank in India
Source: Accord Fintech
19/04/2022 2:28:29 PM
Despite Covid, HAL revenues touch record high in FY 2021-22 Public sector Hindustan Aeronautics Limited (HAL) has reported its highest ever revenue of over Rs 24,000 crore (provisional and unaudited) for the financial year ending on March 31. Compared to the previous year's revenues of Rs 22,755 crore, the company has registered a 6 per cent revenue growth. "Despite the challenges of the second wave of Covid-19 during the first quarter of the year and the consequent production loss, the Company could meet the targeted revenue growth with i...
Despite Covid, HAL revenues touch record high in FY 2021-22
Despite Covid, HAL revenues touch record high in FY 2021-22
Source: IANS
1/04/2022 11:19:53 AM
Thermax soars on bagging Rs 1176 crore order from Indian public sector refinery Thermax is currently trading at Rs. 2103.75, up by 93.25 points or 4.64% from its previous closing of Rs. 2010.50 on the BSE. The scrip opened at Rs. 2119.00 and has touched a high and low of Rs. 2138.95 and Rs. 2069.00 respectively. So far 5964 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2174.00 on 02-Feb-2022 and a 52 week low of Rs. 1262.25 on 06-Apr-2021. Last one week high and low of the scrip stood at ...
Thermax soars on bagging Rs 1176 crore order from Indian public sector refinery
Thermax soars on bagging Rs 1176 crore order from Indian public sector refinery
Source: Accord Fintech
21/03/2022 1:21:20 PM
GMDC jumps on getting nod to mine upto depth of 135 meters at Tadkeshwar lignite mines Gujarat Mineral Development Corporation is currently trading at Rs. 137.00, up by 1.70 points or 1.26% from its previous closing of Rs. 135.30 on the BSE. The scrip opened at Rs. 135.65 and has touched a high and low of Rs. 138.60 and Rs. 132.25 respectively. So far 147412 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 151.95 on 16-Feb-2022 and a 52 week low of Rs. 52.00 on 22-Apr-2021. Last one week high and l...
GMDC jumps on getting nod to mine upto depth of 135 meters at Tadkeshwar lignite mines
GMDC jumps on getting nod to mine upto depth of 135 meters at Tadkeshwar lignite mines
Source: Accord Fintech
21/02/2022 1:13:09 PM
IRCTC's Q3FY22 net profit from continuing ops at over Rs 208 cr The Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported an exponential rise in its year-on-year net profit for the Q3FY22. The 'Mini Ratna' Central Public Sector Enterprise's net profit from continuing operations rose to Rs 208.80 crore during the quarter under review from Rs 78.08 crore in corresponding period of the previous fiscal. Besides, the company's revenue from operations rose to Rs 540.21 crore in Q3FY22 from Rs 224.37 crore earned durin...
IRCTC's Q3FY22 net profit from continuing ops at over Rs 208 cr
IRCTC's Q3FY22 net profit from continuing ops at over Rs 208 cr
Source: IANS
9/02/2022 9:14:36 AM
Banks' gross non-performing assets decline to Rs 8 lakh crore as of September 2021: Bhagwat Karad Minister of State for Finance Bhagwat Karad has said that the banks' gross non-performing assets (GNPAs) have declined to Rs 8,00,463 crore (6.93 per cent) as of September 30, 2021 from Rs 9,33,779 crore (GNPA ratio of 9.07 per cent) as on March 31, 2019. Of this, the share of public sector banks (PSBs) in bad loans proportion has also declined 72 per cent against nearly 80 per cent. The minister said GNPAs of public sector banks as a proportion to that of scheduled commercial banks (S...
Banks' gross non-performing assets decline to Rs 8 lakh crore as of September 2021: Bhagwat Karad
Banks' gross non-performing assets decline to Rs 8 lakh crore as of September 2021: Bhagwat Karad
Source: Accord Fintech
8/02/2022 11:46:42 AM
Worsening of debt sustainability indicators to 2002 levels may drive fiscal conservatism A peak level of India's public debt/GDP ratio at 91.7 per cent, near doubling of combined fiscal deficit in the aftermath of the pandemic averaging at 12 per cent, and worsening of debt sustainability indicators to the 2002 levels may be driving fiscal conservatism, JM Financial said in a report. However, we see greater chances of moderating fiscal support from both the Centre and the states. GoI's spending in the proportion of Budget estimates is already restrained to levels tha...
Worsening of debt sustainability indicators to 2002 levels may drive fiscal conservatism
Worsening of debt sustainability indicators to 2002 levels may drive fiscal conservatism
Source: IANS
31/01/2022 9:43:53 AM
Centre receives Rs 6,600 cr as dividend from 12 CPSEs The Centre has received over Rs 6,600 crore as dividend tranches from a dozen central public sector enterprises. Of the said dividend, Nuclear Power Corporation of India Limited has paid Rs 972 crore, and Power Grid Corporation of India paid Rs 2,506 crore, Secretary, Department Of Investment & Public Asset Management, Tuhin Kanta Pandey, said, in a series of tweets on Monday. Besides, the Centre has received about Rs 1,605 crore and Rs 913 crore from the NMDC and GAIL, respectively...
Centre receives Rs 6,600 cr as dividend from 12 CPSEs
Centre receives Rs 6,600 cr as dividend from 12 CPSEs
Source: IANS
18/01/2022 11:10:44 AM
Firm outlook for lignite lifts GMDC shares 50% in 5 sessions Shares of the Gujarat Mineral Development Corporation jumped nearly 50 per cent during the week to Friday on firm outlook for its lignite business. Also, the company hiked prices of lignite -- a low grade coal -- from January 1, 2022. On Friday, its shares settled at Rs 111.75, up 49 per cent since the starting of the week. Over the past one-year period, it rose 90 per cent. The state-owned company currently has five operational lignite mines located in Kutch, south Gujarat, and Bhav...
Firm outlook for lignite lifts GMDC shares 50% in 5 sessions
Firm outlook for lignite lifts GMDC shares 50% in 5 sessions
Source: IANS
17/01/2022 9:50:32 AM
Finance Minister Nirmala Sitharaman reviews PSBs’ readiness to tackle disruptions due to Omicron variant Finance Minister Nirmala Sitharaman has reviewed public sector banks (PSBs) readiness to tackle any possible disruptions due to the Omicron variant and asked lenders to support sectors, besides farm, retail and MSMEs, that face interruption due to COVID. She also reviewed various steps taken by PSBs in implementing pandemic-related measures initiated by the government and RBI. While appreciating the success of Emergency Credit Line Guarantee Scheme (ECLGS), the Finance Minister said &lsquo...
Finance Minister Nirmala Sitharaman reviews PSBs’ readiness to tackle disruptions due to Omicron variant
Finance Minister Nirmala Sitharaman reviews PSBs’ readiness to tackle disruptions due to Omicron variant
Source: Accord Fintech
10/01/2022 11:55:44 AM
Government wants ONGC to bring in private sector to speed up production  The government wants public sector oil explorer Oil and Natural Gas Corporation (ONGC) to actively explore participation of private sector companies and other service providers in its quest to step up oil and gas production in the country and reduce dependence on imports, an official said on Thursday. Petroleum Secretary Tarun Kapoor said that the ONGC's production has to be increased and for that, the company has to expand its portfolio through new exploration. And in the expand...
Government wants ONGC to bring in private sector to speed up production
Government wants ONGC to bring in private sector to speed up production
Source: IANS
12/11/2021 9:26:51 AM
Railways restructuring plan may integrate eight manufacturing facilities into one The government's plans for a major reorganisation of companies functioning under the Ministry of Railways may see creation of one public sector undertaking for rolling stock and manufacturing of locomotives. At present, the Indian Railways has eight production units including three coach factories - Integral Coach Factory (ICF), Chennai, Rail Coach Factory (RCF), Kapurthala, and the Modern Coach Factory (MCF), Rae Bareli. In addition, there are three locomotive manufacturing facilit...
Railways restructuring plan may integrate eight manufacturing facilities into one
Railways restructuring plan may integrate eight manufacturing facilities into one
Source: IANS
1/11/2021 8:57:17 AM
Indian Bank Q2 net profit at Rs 1,089 crore Public sector Indian Bank closed the second quarter of the current fiscal with a net profit of Rs 1,089 crore. In a regulatory filing, the bank said it had posted a net profit of about Rs 1,089 crore for the second quarter, up from about Rs 412 crore posted during the previous year corresponding period. During period under review, the bank had earned a total income of Rs 11,440.41 crore, down from Rs 11,615.90 crore earned during Q2 of FY21. For the quarter under review Indian Bank&#...
Indian Bank Q2 net profit at Rs 1,089 crore
Indian Bank Q2 net profit at Rs 1,089 crore
Source: IANS
29/10/2021 9:11:10 AM
Large private banks to become larger, consolidation likely over FY22-24 The Indian banking sector is set to witness a fresh phase of consolidation over the medium term which will primarily be driven by large private sector banks (PVBs). Given the current buoyancy in the equity markets, there is a significant opportunity for large Indian private banks to explore the inorganic growth route through the acquisition of smaller private banks that continue to face headwinds or even public sector banks where the government is considering disinvestment, an analysis by ...
Large private banks to become larger, consolidation likely over FY22-24
Large private banks to become larger, consolidation likely over FY22-24
Source: IANS
28/10/2021 9:13:04 AM