Fitch affirms ratings on 9 Indian banks

Last Updated: Tuesday, September 1, 2015, 19:17

International ratings agency Fitch has downgraded viability rating of state-run Punjab National Bank by a notch while affirming ratings on nine banks, including SBI and ICICI Bank.

BSNL loses 2 crore subscribers in 2014-15

Last Updated: Sunday, August 16, 2015, 13:15

According to an official in the Department of Telecom, BSNL lost about 1.78 crore wireless and over 20 lakh wireline subscribers between March 2014 and March 2015.

Petrobras net profit falls nearly 90% in Q2

Last Updated: Friday, August 7, 2015, 07:36

Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.

NTPC Q1 profit down 3% to Rs 2,135 cr

Last Updated: Thursday, July 30, 2015, 16:04

Its net profit for the April-June quarter of last fiscal was Rs 2,201.20 crore, the NTPC Ltd said in a statement to Bombay Stock Exchange today.

Airport selloff shouldn't lead to steep hike in user fees: IATA

Last Updated: Sunday, July 19, 2015, 12:20

"My suggestion is that the government should carry out a rigorous cost-benefit analysis before taking a decision on these four Airports Authority-run airports in Chennai, Kolkata, Ahmedabad and Jaipur," International Air Transport Association (IATA) Director General and Chief Executive Tony Tyler told a group of reporters here.

PFC incorporates BMPL as wholly-owned subsidiary

Last Updated: Wednesday, July 15, 2015, 17:16

"Bihar Mega Power Limited has been incorporated as wholly owned subsidiary of the Company on July 9, 2015," Power Finance Corporation Ltd informed BSE.

IDBI signs refinance agreement with Mudra Bank

Last Updated: Tuesday, July 7, 2015, 16:21

State-run IDBI Bank on Tuesday said it has signed an agreement with Mudra Bank for refinancing of loans given to small enterprises.

Government close to appointing new heads of state-run banks: Rajan

Last Updated: Thursday, July 2, 2015, 14:52

Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

Sinha pledges required capital support for public sector banks

Last Updated: Wednesday, July 1, 2015, 12:01

The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.

NTPC commissions 1st 250 mw unit of much, delayed Assam project

Last Updated: Tuesday, June 23, 2015, 17:38

"The entire 750 MW project will be completed by 2016. It got delayed due to various social disturbances, law and order issues and extreme weather conditions," the official said, adding it was scheduled to complete by 2012.

Looking to hedge Rs 1 lakh crore loan: Gadkari

Last Updated: Sunday, June 14, 2015, 14:56

Reiterating that there are benefits by way of interest cost reductions if money is raised in foreign currency, Gadkari said "hedging is necessary as if anything goes wrong in the future, he will be blamed".

BHEL wins Rs 369 cr order to revive NTPC's Barh project

Last Updated: Monday, June 1, 2015, 13:20

The commissioning of these two units assumes significance as the country seeks to achieve self-reliance in contemporary, state-of-the-art supercritical technology and demonstrates BHEL's capability in the same, which is expected to lower coal consumption and facilitate eco-friendly and efficient power generation.