Tuesday, June 30, 2015

IRCTC to open multi-cuisine restaurant at Janpath Hotel

VENTURING into fine dining restaurant business at five star hotels across the country, Indian Railway Catering and Tourism Corporation (IRCTC) is all set to open a speciality restaurant in the ITDC-run Hotel Janpath in New Delhi, say media reports.
The PSU unit is in the final...

Monday, June 29, 2015

United Bank of India has highest bad loans among public sector lenders

UNITED Bank of India has the rare distinction as the public sector lender with maximum bad loans including restructured assets as a percentage of total advances.
United Bank of India's 21.5 percent assets are either bad or have been restructured to save them from turning non-performing assets (NPAs), shows data provided...

Saturday, June 27, 2015

Good time: HMT unit posts profit for fifth successive year

AT A time when the governnent is mulling to shut down three units of HMT: HMT Watches, HMT Chinar Watches and HMT Bearing, another HMT unit Hindustan Machine Tools’ Kalamassery unit has posted net profit of over Rs. 2 crore during 2014-15.
The PSU unit also looks strong for the next financial year.
It may be mentioned that keeping the momentum of good show, the PSU has recorded profit for the fifth successive year.
The PSU unit has also...

Friday, June 26, 2015

ISRO notifies for recruiting 109 scientists/engineers

PM Modi with young ISRO scientists
INDIAN Space Research Organization (ISRO), the premier space agency in the country that reports to the Prime Minister and works under the Department of Space is inviting applications for the posts of Scientist/Engineer 'SC’ (Electronics), Scientist/Engineer 'SC’ (Mechanical) and Scientist/Engineer 'SC' (Computer Science).
The eligible candidates...

Thursday, June 25, 2015

A star PSU is born; Know more about RECI

GIVING a boost to the solar energy segment, the government on June 24 paved the way for birth of a star player in the sunrise sector. The move underlined PM Narendra Modi's focus on green and clean energy.
The Union Cabinet chaired by the Prime Minister Narendra Modi on June 24 gave its approval to the Solar Energy Corporation of India (SECI) to apply to the...

Wednesday, June 24, 2015

Public sector banks set to get Rs 19,000 cr in FY16

IN A bid to revive the public sector banks that are now facing pressure due to mounting bad loans and a host of other issues, the NDA government may infuse Rs 19000 crore in the current financial year.
The government may take the bank investment company (BIC) route - an omnibus holding company model proposed by the P J Nayak committee set up to...

Tuesday, June 23, 2015

Hi-tech tie up: IIT-Kharagpur, BEML seal deal for designing railway bogies

IT MAY aptly be called a hi-tech tie up. At a time when the Narendra Modi-led NDA Government is gearing up for launching hi-tech super-fast trains in the country, the Indian Institute of Technology, Kharagpur, has signed a pact with BEML Ltd to collaborate in areas of bogie design, propulsion system controls and alternative car body material.
The MoU is likely...

Monday, June 22, 2015

RBI panel shortlists 11 for top posts in PSU banks

RBI Governor Rajan
A PANEL headed by RBI Governor Raghuram Rajan has shortlisted 11 candidates for the posts of CEOs and MDs of five large public sector banks, including PNB, BoB and Canara Bank.
The Cabinet may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, media reports said.
These shortlisted names have been sent to the finance ministry and would be subsequently forwarded to the Appointments Committee of the Cabinet (ACC) after vigilance and other necessary clearances.
All the shortlisted candidates are...