public sector

Coal India ready to sign modified FSA with power firms


September 18th, 2012 - 11:43 pm ICT by IANS
Kolkata, Sep 18 (IANS) Public sector Coal India Limited (CIL), the world's largest coal miner, Tuesday said it is now ready to sign the modified Fuel Supply Agreement (FSA) with ... Read more...

Posted in Business |

Reliance Capital ties up with Indian Overseas Bank


September 13th, 2012 - 6:00 pm ICT by IANS
Chennai, Sep 13 (IANS) Reliance Capital Asset Management, a unit of Anil Ambani-led Reliance Capital, said Thursday it has entered into distribution tie-up with the public sector lender Indian Overseas ... Read more...

Posted in Business |

United Bank cuts interest rates on loans above Rs.1 crore


September 11th, 2012 - 6:07 pm ICT by IANS
Kolkata, Sep 11 (IANS) United Bank of India has reduced interest rates by 0.75 percent to 2.75 percent on medium and small loans above Rs.1 crore with effect from Sep ... Read more...

Posted in Business |

SBI favours phasing out of CRR


August 23rd, 2012 - 5:16 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender State Bank of India has strongly proposed phasing out of Cash Reserve Ratio (CRR) from the banking system, its ... Read more...

Posted in Business |

UBI to seek Rs.1,000 crore from government


August 16th, 2012 - 7:09 pm ICT by IANS
Kolkata, Aug 16 (IANS) Public sector lender Union Bank of India (UBI) will seek capital investment up to Rs.10 billion from the central government to clock around 18-20 percent growth ... Read more...

Posted in Business |

People protest power tariff hike in Rajasthan


August 9th, 2012 - 3:11 pm ICT by IANS
Jaipur, Aug 9 (IANS) People in Rajasthan are up in arms against the hike in power tariff saying it would put more burden on them, especially at a time of ... Read more...

Posted in Business |

GRSE launches two patrol vessels for Coast Guard


August 6th, 2012 - 8:09 pm ICT by IANS
Kolkata, Aug 6 (IANS) Public sector defence shipyard Garden Reach Shipbuilders and Engineers (GRSE) Ltd Monday launched two additional water-jet propelled Inshore Patrol Vessels (IPVs), meant for the Indian Coast ... Read more...

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UCO Bank Q1 net profit jumps 24 percent


August 4th, 2012 - 10:41 pm ICT by IANS
Kolkata, Aug 4 (IANS) Public sector lender UCO Bank Saturday reported a jump of almost 24 percent in net profit for the quarter ended June 30, 2012 at Rs.3.62 billion ... Read more...

Posted in Business |

United Bank Q1 net up by 31 percent


August 3rd, 2012 - 7:38 pm ICT by IANS
Kolkata, Aug 3 (IANS) State-run United Bank of India Friday reported a 31.28 percent jump in net profit to Rs.1.72 billion for the quarter ended June 30, 2012, from Rs.1.32 ... Read more...

Posted in Business |

Indian Bank posts 13 percent growth in net profit


July 23rd, 2012 - 11:38 pm ICT by IANS
Chennai, July 23 (IANS) A good system of recovering loans and increase in interest income enabled public sector Indian Bank to post around 13 percent growth in net profit for ... Read more...

Posted in Business |

Singapore’s online advertisement spending surges


July 23rd, 2012 - 3:00 pm ICT by IANS
Singapore, July 23 (IANS) The online advertisement spending in Singapore surged to 135.9 million Singapore dollars ($107.9 million) last year, crossing the 100 million Singapore dollars mark for the first ... Read more...

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Britain’s public sector borrowing rises


July 21st, 2012 - 2:02 pm ICT by IANS
London, July 21 (IANS) Britain's public sector net borrowing rose by 0.5 billion pounds ($0.79 billion) year-on-year to top 14.4 billion pounds in June, said the Office for National Statistics ... Read more...

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Plan panel approves Rs.57,800 crore for Uttar Pradesh


July 18th, 2012 - 9:40 pm ICT by IANS
New Delhi, July 18 (IANS) The Planning Commission Wednesday approved a Rs.57,800 crore outlay for Uttar Pradesh for the 2012-13 fiscal.The annual plan package is of Rs.57,000 crore, while Rs.800 ... Read more...

Posted in Business |

SBI waives minimum balance for savings accounts


July 3rd, 2012 - 8:25 pm ICT by IANS
New Delhi, July 3 (IANS) The country's largest lender, State Bank of India (SBI), Tuesday announced that it has done away with the minimum balance requirement for savings ... Read more...

Posted in Business |

Rourkela steel plant records best production in Q1


July 2nd, 2012 - 9:02 pm ICT by IANS
Bhubaneswar, July 2 (IANS) Rourkela Steel Plant (RSP), a unit of the state-run Steel Authority of India Limited (SAIL), has scored it's best production performance in key areas in the ... Read more...

Posted in Business |

Canada’s economy grows slightly


June 30th, 2012 - 2:25 pm ICT by IANS
Vancouver, June 30 (IANS) Canada's real gross domestic product grew 0.3 percent in April, after edging up 0.1 percent in March, according to official statistics.Most of the increase was attributed ... Read more...

Posted in Business |

Clean India Campaign to kick off from Qutab Minar


June 18th, 2012 - 11:48 pm ICT by IANS
New Delhi, June 18 (IANS) To provide quality services to visitors in and around tourist destinations, the union tourism ministry will Tuesday launch a pilot project under 'Clean India Campaign' ... Read more...

Posted in Environment |

Two central government employees murdered in Lucknow


June 18th, 2012 - 5:59 pm ICT by IANS
Lucknow, June 18 (IANS) An electrician and a peon, both employees of a central government enterprise, were found killed in their office here, Uttar Pradesh Police said Monday.The bodies of ... Read more...

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Allahabad Bank targets 21 percent growth this fiscal


June 14th, 2012 - 6:53 pm ICT by IANS
Kolkata, June 14 (IANS) Public sector lender Allahabad Bank Thursday said it has targeted a business growth of 21.39 percent, and a business level of around Rs.3,300 billion by end ... Read more...

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Terror grips NMDC miners a day after Maoist attack


May 15th, 2012 - 12:08 am ICT by IANS
Raipur, May 14 (IANS) Dozens of miners at the public sector National Mining Development Corp (NMDC) Ltd. in Chhattisgarh skipped work Monday as more explosives were found at the mining ... Read more...

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Goa shipyard to build six patrol vessels for Coast Guard


May 9th, 2012 - 7:30 pm ICT by IANS
Panaji, May 9 (IANS) Goa Shipyard Ltd (GSL) has been commissioned to build six offshore patrol vessels (OPVs) for the Indian Coast Guard, a company statement said Wednesday."The vessels are ... Read more...

Posted in Uncategorized |

Union Bank of India quarterly net profit up


May 9th, 2012 - 3:44 pm ICT by IANS
Mumbai, May 9 (IANS) Public sector lender Union Bank of India Wednesday reported 29 percent increase in net profit, at Rs.773 crore for the quarter ended March 31 against Rs.597.57 ... Read more...

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Allahabad Bank reports 55 percent rise in Q4 net profit


May 5th, 2012 - 10:47 pm ICT by IANS
Kolkata, May 5 (IANS) Backed by healthy growth in its core business, public sector lender Allahabad Bank Saturday reported a 55.36 percent growth in its net profit for the quarter ... Read more...

Posted in Business |

UCO Bank net up by 12 percent in Q4


May 5th, 2012 - 9:01 pm ICT by IANS
Kolkata, May 5 (IANS) Public sector UCO Bank Saturday said it has registered a 12 percent growth in its net profit to Rs 2.53 billion during the quarter ended March ... Read more...

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SBI to open new SME branches in Bengal


April 27th, 2012 - 11:06 pm ICT by IANS
Kolkata, April 27 (IANS) Giving emphasis on more lending to small and medium enterprises (SMEs), public sector State Bank of India (SBI) will set up four new specialised SME ... Read more...

Posted in Business |

SBI, Allahabad Bank cut interest rates


April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...

Posted in Business |

Government seeks asset valuer to sell Tyre Corporation of India


April 20th, 2012 - 9:52 pm ICT by IANS
New Delhi, April 20 (IANS) The government Friday fast-tracked the sale of sick public sector undertaking Tyre Corporation of India (TCIL) saying it intends to appoint an asset valuer ... Read more...

Posted in Business |

Coal India to ink fuel supply pact before April 20 (Lead)


April 16th, 2012 - 11:46 pm ICT by IANS
Kolkata, April 16 (IANS) Bringing relief to the country's power sector, Public sector Coal India Limited (CIL) Monday said it would sign a Fuel Supply Agreement (FSA) with power companies ... Read more...

Posted in Business |

Coal India to ink fuel supply pact April 20


April 16th, 2012 - 10:48 pm ICT by IANS
Kolkata, April 16 (IANS) Public sector Coal India Limited (CIL) will sign a fuel supply agreement (FSA) with power companies by April 20, a top official said Monday.The government on ... Read more...

Posted in Business |

Production at SAIL’s Bhilai Steel Plant dips


April 10th, 2012 - 6:12 pm ICT by IANS
Raipur, April 10 (IANS) Production at the public sector Bhilai Steel Plant dipped in the 2011-12 fiscal from the previous financial year, the management said Tuesday, blaming the aging coke ... Read more...

Posted in Business |

Blast in Assam refinery, ULFA claims responsibility (Lead)


April 7th, 2012 - 10:53 pm ICT by IANS
Guwahati, April 7 (IANS) An explosion rocked a refinery in Assam Saturday evening. The banned United Liberation Front of Asom (ULFA) claimed responsibility for the blast in which no casualties ... Read more...

Posted in Business |

Blast in Assam refinery, ULFA claims responsibility


April 7th, 2012 - 9:42 pm ICT by IANS
Guwahati, April 7 (IANS) An explosion rocked a refinery in Assam Saturday evening. No casualties have been reported so far, police said.The banned United Liberation Front of Asom (ULFA) has ... Read more...

Posted in Business |

CBI questions Vectra chief (Lead)


April 3rd, 2012 - 1:26 am ICT by IANS
New Delhi, April 2 (IANS) The Central Bureau of Investigation (CBI) Monday questioned the owner of Britain-based Vectra group Ravi Rishi for four hours in connection with alleged irregularities in ... Read more...

Posted in Uncategorized |

SAIL not keen on proposed facility in Himachal


March 27th, 2012 - 12:16 pm ICT by IANS
Shimla, March 27 (IANS) Public sector Steel Authority of India (SAIL) is not keen on setting up a plant in Himachal Pradesh despite the state government extending facilities, Industries Minister ... Read more...

Posted in Business |

UBI proposal for India-Myanmar trade


March 19th, 2012 - 10:32 pm ICT by IANS
Kolkata, March 19 (IANS) Public sector United Bank of India (UBI) will soon come out with a proposal to boost trade between India and Myanmar, a top official said Monday."UBI ... Read more...

Posted in Business |

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