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The State Bank of India (SBI) has donated Rs 2 crore for the Kerala flood victims and initiated several other ground-level measures in the deluged state, an official said on Saturday. The SBI has encouraged all its 270,000 staffers to contribute to the Chief Minister’s Distress Relief Fund (CMDRF), and the bank would contribute an equivalent amount. Donates...

The Receivables Exchange of India (RXIL) on Friday said Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the “TReDS platform”. According to the NSE-SIDBI joint venture, TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of micro, small...

REC Limited, the state owned power sector financier, signed a 200 million Euro loan with the German bank KfW in Frankfurt on 13th August 2018. This is REC’s fourth line of credit under Indo-German development cooperation which REC will utilize...

By Staff Reporter on Aug 16th, 2018

BEML LIMITED has launched an indigenously developed nation’s first 150T Electric Drive Rear Dump Truck, with an objective of strengthening the ‘Make in India’ initiative of the Prime Minister, that will address the growing demand...

By Staff Reporter on Aug 16th, 2018

Dr M. Ravi Kanth, CMD Housing & Urban Development Corporation (HUDCO) administered the Swachta pledge to all the HUDCO officials, on the opening day of the Swachta Pakhwada, being observed from 16-31 August 2018. Dr Ravi Kanth highlighted...

By Staff Reporter on Aug 16th, 2018

Navratna public sector undertaking NBCC (India) Limited has bagged an order from Steel Authority of India Limited (SAIL) worth Rs 250 crore for the construction of Ispat Post-Graduate Medical Institute and Super-Speciality Hospital at Rourkela Steel Plant, Rourkela. The proposed hospital will have 156 beds accommodating super-specialities like cardiology,...

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed a Technical Collaboration Agreement (TCA) with CSIR-NAL for the design and engineering, production and commercialisation of Electronic Target System (ETS), a modern training aid meant...

By Staff Reporter on Aug 16th, 2018

Oil and Natural Gas Corporation Limited (ONGC) celebrated the 72nd Independence Day at all its work locations across India with patriotic zeal. Addressing the employees from Corporate Headquarters at Dehradun, ONGC CMD Mr Shashi Shanker urged...

By Staff Reporter on Aug 15th, 2018

SCI’s tanker vessel, M.T. ‘Desh Vaibhav’ on her way to Fujairah, UAE, reportedly suffered an explosion in one of her cargo tanks at around 0935 hours IST on 14 th August 2018, off Oman coast. As per preliminary information available with the company, 03 personnel are reported missing. One other person with burns is being evacuated by helicopter....

Navratna Public Sector enterprise NBCC (India) Ltd., has reported a strong April-June quarter with a consolidated net profit growth of 25.11% from the same period of last year. For the quarter ended June 30, 2018, the company has reported a consolidated net profit of Rs. 76.65 crore as against net profit of Rs. 61.26 crore during the corresponding quarter...