Monday, October 24, 2016

NTPC set to cross a new milestone by March; Find out what

STATE-owned NTPC is all set to cross the milestone of over 50,000 MW installed power generation capacity by March-end 2017 with expected addition of over 4,630 MW. “The NTPC Group, including its joint ventures and other subsidiaries, will have over 50,000 MW of installed power generation capacity by the end of this fiscal,” a senior power ministry...

Saturday, October 22, 2016

HAL is hiring for 2000 Apprentice Posts; Apply by Oct 28

HINDUSTAN Aeronautics Limited (HAL) is hiring Apprentice to fill up 2000 vacancies for the said posts in HAL. The applications are invited till October 28, 2016 and interested and eligible candidates can apply for HAL Apprentice Job on or before the said date.
Hindustan Aeronautics Limited (HAL) is an Indian...

Friday, October 21, 2016

All you should know about the SBI ATM blocking episode

RECENT move by some leading banks including the largest state-owned lender State Bank of India blocking their ATM cards has indeed sent shockwaves among the users. They have asked users either to replace or ask users to change the security codes of as many as 3.2 million debit cards. This has become as one of the biggest ever breaches of financial data in the country. Several victims have reported unauthorised usage from locations in China. Of the cards, 2.6 million are said to be on the...

Thursday, October 20, 2016

Centre set to revive Lambretta brand for Scooters India stake sale

THE Centre is banking on the Lambretta brand as it mulls strategic sale of assets of the loss-making PSU, Scooters India Ltd. Media reports say the government is keen to ensure that the Lambretta brand stays with Scooters India to...

Wednesday, October 19, 2016

IRCTC's Maharajas' Express gets Seven Star Luxury Hospitality and Lifestyle Award

ADDING yet another feather to its glorious cap, the Maharajas' Express, one of the world's most luxurious trains, owned and operated by Indian Railway Catering and Tourism Corporation (IRCTC), received the 2016 Seven Star Luxury Hospitality and Lifestyle Awards at Marbella in Spain.
The award for the highly-decorated train was received by IRCTC chairman and managing director Dr A K Manocha in the 'Seven Star Experience Sector', IRCTC says in a statement.
As part of the award, Maharajas' Express...

Tuesday, October 18, 2016

Cabinet to clear stake sale in 20 PSUs Wednesday

UNION Cabinet is likely to clear the plan to reduce majority stake in around 20 PSUs on October 19 (Wednesday). These include many profit-making PSUs, signaling a restart of equity sale in public sector companies after a 12-year gap. There will also be a detailed review of the plan to shed 10 percent stake in public sector general insurance companies, a move aimed at helping the insurers raise funds to take on private sector players. "The aim of the policy is to ensure that these PSUs are run professionally and there is greater value in these entities, paving the way for the government to dilute its stake...

Monday, October 17, 2016

Modi government mulls to bring Maharaja on tract

THE Narendra Modi Government is planning to provide a fillip to bring the national carrier back on tract. The Modi government is planning to infuse more funds into Air India as almost three-fourth of the Rs 31,000-crore equity promised during UPA’s tenure has been received.
“We are considering alternatives to strengthen its finances. AI’s domestic share fell as it did not add equipment quickly while the market was growing. Now that their finances will be shored up, they will add equipment and gain market share. The strategy for AI is to have a strong...

Saturday, October 15, 2016

Big push: BSNL to invest Rs 2,500 crore in H2 FY17 on expansion plans

BSNL CMD Anupam Shrivastava
STATE-owned BSNL will invest around Rs 2,500 crore during the second half of this fiscal in various projects like expansion of Wi-Fi hotspots, installation of mobile towers and strengthening core network.
"Our investments for full fiscal are in two parts. About Rs 4,000 crore is earmarked for BSNL's own projects and Rs 3,000 crore for government-funded projects," Bharat Sanchar Nigam Limited (BSNL) Chairman and Managing Director, Anupam Shrivastava told a news agency.
"For projects that are being funded...