Mar 06, 2017 at 09:21 | Source: Moneycontrol.com
While this has been informally discussed with insurers, a final letter of proposal will be sent soon to finalise the arrangement. It is likely that the concerns and suggestions of all stakeholders will be taken in and changes will be incorporated before the scheme is made public.
Mar 05, 2017 at 15:02 | Source: PTI
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.
Mar 05, 2017 at 11:44 | Source: PTI
Union Railway Minister Suresh Prabhu today said his Ministry has drawn up an action plan to save energy worth Rs 41,000 crore over the next ten years.
Mar 03, 2017 at 19:24 | Source: PTI
The Railways has sanctioned projects worth Rs 13,500 crore for the North East in this year's budget, Union Minister of State for Railways Rajen Gohain said today.
Mar 02, 2017 at 14:40 | Source: PTI
Right now, about 50,000 Indians are coming to Israel every year. There is a huge potential given India's size and this number can be easily doubled in a very short time. Indian tourists generally spend more than the average tourist which also makes them an attractive target.
Mar 02, 2017 at 13:18 | Source: PTI
The performance of rated Indian auto asset-backed securities (ABS) is not expected to deteriorate beyond March 2017 as the economy recovers and oil prices remain range-bound and budget policy initiatives provide support, Moody's said in a statement.
Feb 28, 2017 at 08:23 | Source: Reuters
OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.
Feb 27, 2017 at 15:30 | Source: PTI
ONGC may buy all of the government's 51.11 percent stake in Hindustan Petroleum Corporation Ltd (HPCL) and follow it up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 percent stake would be worth Rs 44,000 crore or roughly around USD 6.6 billion at current market prices.
Feb 22, 2017 at 15:18 | Source: PTI
Denmark-based DESMI todayopened its first production facility in India which wouldmanufacture oil spill response equipment and pumps.The facility is located at Nadergul village, Adibatlain Telangana. DESMI specialises in the development andmanufacture of pump solutions for marine & offshore, industry,oil spill equipment, defence & fuel and utility segments,according to a company statement.DESMI started its Indian operations with a liaisonoffice in 2013. Understanding the business potential and withan objective to strengthen its presence in India, DESMIdecided to set-up this 3,000 sqm advanced production facilityat Adibatla, the company said. "DESMI's primary focus would be to produce oil spillresponse equipment and then to assemble the pumps and pumpingsolutions locally in India," the statement said..
Feb 22, 2017 at 10:28 | Source: Moneycontrol.com
The government is a majority stakeholder in both, HPCL and BPCL, holding a stake of 51.1 percent in HPCL and 54.9 percent in BPCL. ONGC is unlikely to take over both entities for a mega public sector oil firm.