Chairman And Managing Director

Will ONGC’s new chairman be from the private sector, or a bureaucrat?

Getting a private sector executive as the CMD may jolt the state-run giant into action and reverse the decline in its oil production but there are concerns about how an “outsider” would fit into the system.

10 in fray for ONGC chairman's post, seven for director offshore

Four out of the total 10 candidates who have applied for the ONGC chairman's post are also in the fray for the post of director (offshore). Both the interviews are to be held on June 4

Live Updates: All Jio users to get free services till March 2017

Update on Reliance Jio‘s performance since its launch two months ago and possible introduction of new schemes for its customers are among the topics that could be covered during this announcement.

Kalyana Rama is new CMD of CONCOR

V Kalyana Rama has taken over as the Chairman and Managing Director (CMD) of Container Corporation of India Ltd (CONCOR), a navratna PSU under Railways Ministry.

Mukund Choudhari assumes charge as MOIL CMD

The MOIL, which is under the administrative control of the Ministry of Steel, is the largest producer of Manganese Ore in the country.

Auto sales, Q1 nos, RIL AGM may keep investors busy next week

The market will start off the next week by reacting to much awaited Federal Reserve chief Janet Yellen's speech, wherein she on Friday signalled a possibility of rate hike by end of 2016. Wall Street ended rangebound session lower on Friday after that speech.

Utpal Bora takes charge as full-time Oil India Chairman

OIL Director (Finance) Rupshikha Saikia Borah, who was previously selected for the top job by PESB but rejected by the Prime Minister's Office (PMO), was not considered even though she had applied again.

Air India likely to make 6% profit this fiscal

The Dreamliners (Boeing 787-800) are helping the company to turnaround it's business in a big way, said Anil Mehta, the Officer on Special Duty (OSD) to the AI Chairman and Managing Director.

Cheaper gas to save Rs 70 cr/month; net may rise 5-10%: RCF

Fertiliser companies sell their products at subsidised prices and are later reimbursed by the government. Lower gas prices will free up cash for fertiliser companies, which otherwise was blocked till the time the government reimbursed the subsidy.

New aviation policy may let airlines fly abroad from day 1

According to sources, there will be four (not three options as thought earlier) for airlines to give their opinion on when the draft civil aviation policy is put up for public consultation over the next few days.

IFFCO unveils JV with Mitsubishi for agrochem manufacturing

IFFCO have a strong presence in fertiliser market in the country and Mitsubishi Corporation, which has expertise in agrochemical business internationally, are going to have a synergy to make available quality agrochemicals at reasonable price to Indian farmers even in far flung areas, the statement added.

JSW Steel to invest Rs 5,000 cr on capex in FY16

London-based JSW Steel Service Centre is into processing and sale of steel, while Argent Independent Holdings - that is also based in London - is a holding company. Nairobi-based JSW Steel East Africa is into mining of non-ferrous metal ores and manufacture of basic iron and steel, among others.

Andhra Bank's ED Satish Kalra gets additional charge as CMD

Satish Kumar Kalra, who served the bank as its Executive Director, was entrusted additional charge of Managing Director and CEO, after the position fell vacant following superannuation of C V R Rajendran who had served the bank as its Chairman and Managing Director.

Carlyle picks up significant minority stake in DEE Piping

The target company is engaged in design, detailed engineering and fabrication of high-quality pressure piping systems to clients across diversified industries such as power, process and oil and gas, a statement from the private equity fund said.

Vadilal Ind Q1 net profit rises 58.74% to Rs 21.36 crore

Net sales for the period under consideration was higher by 8.82 percent to Rs 182.40 crore over previous fiscal's first quarter net sales of Rs 167.61 crore.

IDBI Bank gets shareholders nod to raise up to Rs 26,000 cr

The bank in a statement today said, AGM convened yesterday has passed "enabling for issue of shares up to Rs 6,000 crore (inclusive of premium amount) through various modes of issues including QIP". The fund from sale of shares would be raised in one or more tranches

REC lends Rs 16,070 crore for Telangana power project

According to a press release from the Chief Minister's office, the loan will fund the 4,000 MW Yadadri Thermal Power Project, being set up by Telangana State Power Generation Corporation Limited (TSGENCO) at Damcharla in Nalgonda district.

Govt denies NTPC chairman extension

Arup Roy Choudhury, 58, was appointed head of India's largest power producer by the previous UPA Government in September 2010 for five years term, which was extendable till he achieves retirement at the age of 60 years.

Omaxe Q1 net profit rises 40% to Rs 16.83 crore

The company had posted a net profit of Rs 12.03 crore in the year-ago period, Omaxe said in BSE filing. Income from operations rose marginally to Rs 334.41 crore in the first quarter of this fiscal from Rs 330.8 crore in the corresponding period, it added.