Saturday, April 30, 2016

Air India losses to come down 50%: Civil Aviation Minister

Civil Aviation Minister Sharma
THERE is some good news as far as the national carrier goes. Air India is expected to reduce losses by more than half to Rs 2,636 crore in the 2015-16 fiscal as compared to a net loss of Rs 5,859.91 crore in 2014-15.
"With regard to Air India Limited, it is likely to suffer a total net loss of Rs 2,636 crore in 2015-16," said Minister of State for Civil Aviation Mahesh Sharma in a written reply in Lok Sabha on April 28.
Sharma said the national carrier has been facing losses in the past years due to...

Friday, April 29, 2016

NALCO will opt for toll-smelting of aluminium in Iran due to cheap availability

SPREADING its overseas reach, National Aluminium Company (NALCO) plans to go for toll-smelting arrangement soon with three Iranian companies to produce aluminium. This is due to availability of cheap gas-based power in the Gulf region.
NALCO CMD, TK Chand, who was in Iran recently as part of an Indian business delegation, has already held preliminary discussion in this regard with top officials of the government there and state-owned Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO).
"Nalco is exploring the possibilities of toll-smelting...

Thursday, April 28, 2016

Top officials to visit Japan to fast-track Ahmedabad-Mumbai bullet train project

IN A bid to fast track the Rs 98,000-crore Ahmedabad-Mumbai bullet train project, NITI Aayog vice-chairman Arvind Panagariya, along with the secretary of Department of Economic Affairs, and chairman of the Railway Board, is likely to visit Japan to hold a meeting with the country’s officials to a government. The...

Wednesday, April 27, 2016

Can Govt raise Rs 2700 cr from NHPC stake sale today?

THE NDA government has begun the disinvestment process of the current fiscal today with the 11.36- percent stake sale in National Hydroelectric Power Corporation (NHPC) at Rs.21.75. This is likely to fetch the exchequer over Rs.2,700 crore. The issue price of Rs.21.75 is at a discount of 5.64 per cent to Tuesday’s (April 26) closing price of Rs.23.05 on BSE.
NHPC’s offer, comprising 1.25 billion shares, is the first disinvestment for fiscal 2017.
“The NHPC OFS will happen tomorrow (Wednesday) at a floor price of Rs.21.75 a share,” a government...

Tuesday, April 26, 2016

Government may liquidate some loss-making PSUs: Report

THE NDA government is mulling to liquidate some loss-making PSUs while protecting the interest of their employees who may be offered "lucrative" payouts.
Following recommendations of Expenditure Management Commission, a proposal for liquidating some loss-making PSUs is being examined, an agency report quoting...

Monday, April 25, 2016

AAI is hiring 158 Managerial and Jr. Executive Posts, Apply by May 24

IF YOU are young and energetic, here is your chance to join the Airport Authority of India (AAI) under the ministry of civil aviation. AAI is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India. AAI has invited  applications for the posts of Manager (Engg- Civil), Manager (Engg- Elect), Manager (Operations), Manager (Commercial) and Junior Executive (Finance). The eligible candidates can...

Saturday, April 23, 2016

NPCIL is hiring 183 Executive Trainees; Apply Online

NUCLEAR Power Corporation of India limited (NPCIL) has invited Online Applications from Engineering Graduates to join NPCIL as Executive Trainee (ET-2016) for filling up 183 vacancies. The online registration will start from 25th April 2016 and registration will be end on 15th May 2016.
Nuclear Power Corporation of India Limited (NPCIL) is a PSU under the administrative control...

Friday, April 22, 2016

Rupshikha Saikia Bora ignored again for top OIL post; babus in fray

OIL director RS Bora
IN YET another reflection of dominance of the senior babus in top PSU jobs, senior IAS officers Anil Kumar Jain and Ravi Kapoor are among the 10 candidates in fray for the post of CMD at Oil India Limited, the country’s second biggest state-owned oil and gas explorer.
OIL Director (Finance) Rupshikha Saikia Borah, who was previously selected for the top job by government headhunter PESB but rejected by the Prime Minister's Office (PMO), was not considered even though she had...