Saturday, May 28, 2016

SBI's NPAs touch Rs 1 lakh crore, profit plummets 66%

THE nation's biggest lender State Bank of India posted a massive 66 per cent fall in its net profit in the March quarter, primarily due to higher provisions for bad loans, which jumped to a staggering Rs 1 lakh crore.
SBI's bad loans are nearly four times that of its private sector counterpart ICICI Bank, which had reported non-performing loans worth Rs 26,000 crore at the end...

Friday, May 27, 2016

Flying easy: Rajdhani wait-listed passengers to be upgraded to Air India flight from June

COME June and national carrier Air India will bail out wait-listed passengers of Rajdhani trains. Sounds odd? Yes, such travellers will be provided with the option of taking an Air India flight to their destination. They will need to pay marginally extra. Air India and IRCTC have already entered into a pact for the proposed arrangement which is...

Thursday, May 26, 2016

Scientist SK Sharma appointed NPCIL's CMD

RENOWNED scientist S K Sharma has been appointed as Chairman and Managing Director (CMD) of Nuclear Power Corporation of India Limited (NPCIL), responsible for design, construction, commissioning and operation of nuclear power reactors. He is presently working as Distinguished Scientist and Director (Operations) in NPCIL. Sharma has been appointed...

Wednesday, May 25, 2016

PSEB starts process to appoint new NMDC CMD

THE government's headhunter Public Enterprises Selection Board (PSEB) has initiated the process of appointing chairman and managing director of NMDC Ltd.
The move comes after the Appointments Committee of the Cabinet had rejected the PSEB's recommendation to appoint Gopal Singh as CMD of the state-owned miner and asked it to start afresh selection process for the post. "The Public Enterprises Selection Board is seeking qualified candidates for the post of...

Tuesday, May 24, 2016

VRS will increase BSNL’s profitability, says CMD

BSNL CMD Anupam Shrivastava
IN A bid make the state-owned telecom operator Bharat Sanchar Nigam Ltd (BSNL) afloat in view of cut-throat competition from private players, a voluntary retirement scheme (VRS) is a “requirement”, says chairman and managing director Anupam Shrivastava. He told this to The Indian Express.
“BSNL, because of its scale and size, we spend almost over Rs 15,000 crore per year on our human resources, which is around 2,10,000 strong, and just to give you...

Monday, May 23, 2016

Soon, BSNL to unveil online wallet SpeedPay with SBI

STATE-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) and largest lender State Bank of India (SBI) will join hands to launch a countrywide online wallet ‘SpeedPay’ in a month. SpeedPay will have the potential to take on the leading players in the market. BSNL and SBI will approach their respective nodal ministries to enable the use of the...

Saturday, May 21, 2016

BPCL is hiring 196 Operator (Field) Posts; Apply before June 6

BHARAT Petroleum Corporation Limited (BPCL) invited applications for recruitment to the post of Operator (Field). The candidates eligible for the post can apply online on or before 6 June 2016.
BPCL is a Fortune 500, leading Navratna PSU in the exciting and dynamic energy sector engaged in refining, marketing and distribution of petroleum products and in exploration of oil and gas. As one of India’s largest corporations, BPCL offers youngsters a lifetime of personal and professional...

Friday, May 20, 2016

NBCC will redevelop three more projects worth Rs 25,000 cr in Delhi

STATE-run NBCC is likely to get three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital. The company's order book as of now stands at over Rs 35,000 crore and is likely to touch Rs 60,000 crore in next few months, NBCC chairman and managing director Anoop Mittal said recently. Over the last year, National Buildings Construction Corporation (NBCC) has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth...