Tuesday, September 16, 2014

Will BSNL and MTNL be merged by July 2015?

THE government has for quite some time been talking about the possible merger of twin telecom major: BSNL, MTNL. The once crowning jewels of the government have been facing tough time with successive losses in revenue share to more efficient and more competitive private players.
The plan with the government is that...

Monday, September 15, 2014

NRL to commission wax project; DRP for capacity expansion underway

NRL chairman S Varadarajan
STATE-owned oil marketing PSU Bharat Petroleum Corporation Ltd's Assam-based refinery NRL will soon commission its wax project. With the commissioning of the project, NRL would emerge as a leading wax producer in the country, the PSU stated in a statement after the...

Saturday, September 13, 2014

Time out for HMT Watches; Govt to wind down the iconic brand

THERE are reports that the HMT Watches is all set to be closed very soon and the 1,105 odd employees at the company’s three factories and corporate head office are seeing red as they will no longer be “keeping time to the nation”.
The department of heavy...

Friday, September 12, 2014

Good news! Centre to fund employee dues of 11 loss-making PSUs; check out the list of the 11 PSUs

THERE are some good news for the employees of 11 sick PSUs. The central government has approved the proposal for providing Rs.287.67 crore for the payment of provident fund, gratuity, pension, salaries and wages of 11 loss-making...

Thursday, September 11, 2014

NBCC to develop Waqf land, signs MoU with NAWADCO

Ministers and officials during the signing of the MoU  
IN A bid to develop Waqf properties, National Buildings Construction Corporation (NBCC) has signed an MoU with National Waqf Development Corporation (NAWADCO) on September 8.
India has the largest number of Waqf properties in the world. There are more than 4.9 lakh registered Auqaf (waqf properties) and the current annual income from these...

Wednesday, September 10, 2014

Durgapur unit of SAIL is hiring: 267 posts up for grabs

STEEL Authority of India Limited (SAIL), Durgapur, has invited applications for recruitment to various posts. Interested and eligible candidates can apply latest by October 8. SAIL is India's largest steel producing company and with a turnover of Rs. 49,350 crore, the company...

Tuesday, September 9, 2014

Find how much slice the states get from the CPSE apple

THE Central Public Sector Enterprises (CPSEs) invested around Rs 5.5 lakh crore between 2008-09 and 2012-13, and imagine how many states get the lion's share? An ASSOCHAM study has noted that Maharashtra, Andhra Pradesh, Tamil Nadu, Odisha and Uttar Pradesh were the major investment destinations for the Central Public Sector Enterprises (CPSEs) claiming...

Monday, September 8, 2014

SBI’s Associate Banks are hiring; 2986 probationary officers' posts up for grabs

GOOD news for the job seekers as India’s largest lender State Bank of India is looking dynamic and enterprising graduates to be part of fast growing segment of economy catering to a diverge section of customers. With a network of around...