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Coal add’l secy Suresh Kumar likely to be acting chairman of Coal India

Saturday, 21 Apr 2018 | PNS | New Delhi

Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of the world’s largest coal miner CIL. He will replace Gopal Singh who was given the additional charge as CMD of Maharatna firm in September last year. Singh heads Central Coalfields Ltd, an arm of state-owned...

Forex reserves at life-time high of $426.082 billion

Saturday, 21 Apr 2018 | PTI | Mumbai

The country’s foreign exchange reserves expanded by USD 1.217 billion to touch a life-time high of USD 426.082 billion in the week to April 13, helped by rise in foreign currency assets, the Reserve Bank of India (RBI) said. In the previous week, the reserves had increased by USD 503.6 million...

SAT stays Sebi order of winding up Sahara MF

Saturday, 21 Apr 2018 | Pioneer | New Delhi

Embattled Sahara Group on Friday said the Securities Appellate Tribunal (SAT) has stayed an order from markets regulator Sebi which directed Sahara Mutual Fund to wind up its schemes. The next hearing will be on April 26, Sahara Group said in a statement. In an order passed last week, the Securities...

Time not ripe for large-scale privatisation of PSBs: SBI Chief

Friday, 20 Apr 2018 | PNS | New Delhi

Chairman of India’s largest bank State Bank of India (SBI) Rajnish Kumar on Thursday said time is not ripe for large scale privatisation of public sector banks (PSBs) given the current socio-economic conditions in the country. “Privatisation has not always worked well, and ownership does not matter as there are both...

‘Withdraw up to Rs 2K from PoS machines free of charge’

Friday, 20 Apr 2018 | PNS | New Delhi

In a move to avoid cash crunch in some parts of the country, country’s largest bank State Bank of India (SBI) on Thursday said people in smaller towns can withdraw up to Rs 2,000 a day from its point of sale or PoS machines at retail outlets free of charge. “For...

TCS Q4 net profit up 4.4% at Rs 6,904 cr

Friday, 20 Apr 2018 | PTI | Mumbai

The country’s largest software exporter TCS on Thursday reported a 4.4 per cent growth in its consolidated net profit at Rs 6,904 crore for the March 2018 quarter and its board recommended a 1:1 bonus share issue. The company had reported a net profit of Rs 6,608 crore in the same...

RIL-BP sanction satellite gas field development in KG-D6

Friday, 20 Apr 2018 | PTI | New Delhi

Reliance Industries and its partner BP plc on Thursday announced sanctioning of a second project to develop satellite gas fields in the KG-D6 block to help reverse the flagging output at the Bay of Bengal block. The RIL-BP combine would develop a cluster of four gas discoveries in the Krishna Godavari...

IndusInd under-reports Rs 1,350-cr NPAs for FY17

Friday, 20 Apr 2018 | PTI | Mumbai

Midsize private sector lender IndusInd Bank on Thursday posted a 27 per cent surge in March quarter net at Rs 953.09 crore despite a surge in bad loans as the bank for the first time disclosed a Rs 1,350-crore divergence in its bad loans reporting for fiscal 2017. For the...

WhatsApp leak: Sebi seeks bank details, call records of officials

Friday, 20 Apr 2018 | PTI | New Delhi

Markets regulator Sebi is planning to seek banking details and call data records of several individuals including senior executives at about a dozen listed blue-chip firms in its probe into alleged leak of price-sensitive information, including financial results, through WhatsApp. According to top officials, the regulator will take a tough...

‘Entities with sufficient funds, ability to run Air India can bid’

Friday, 20 Apr 2018 | PTI | New Delhi

Entities having sufficient networth and the ability to run Air India (AI) can bid for 76 per cent stake in the national carrier, DIPAM Secretary Neeraj Gupta said on Thursday. Prodding venture capital funds to participate in the PSU disinvestment programme, Gupta said such funds may tie up with domestic companies...


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Quake measuring 3.7 on Richter scale felt in south Gujarat

22 Apr 2018 | PTI | Ahmedabad

A mild tremor measuring 3.7 on the Richter scale was felt in parts of south Gujarat, including Bharuch and Surat districts, though no damage was reported, officials said...

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275 cases resolved in National Lok Adalat in a day at Garhwa

23 Apr 2018 | Nityanand Dubey | Garhwa

Altogether 275 cases were resolved in National Lok Adalat held under the aegis of District Legal Services Authority under the chairmanship of PDJ Mahesh Chandra Verma on Sunday at Civil Court Garhwa. Five benches were formed for the hearing of the cases...

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