Gadkari to inaugurate bridge over Ravi on Tuesday

Tuesday, 22 January 2019 10:46
Road Transport and Highways Minister Nitin Gadkari will on Tuesday inaugurate a 1,210-meter span-bridge over the Ravi river in Jammu and Kashmir which would reduce the distance between Kathua in Jammu and Patankot in Punjab by around 36 km. Constructed…

Sugar output up by 8% till January

Monday, 21 January 2019 16:16
India’s sugar production has increased by 8.32 per cent year-on-year to 14.6 million tonnes till January 15 but overall output at the end of the season will be lower than the previous year, the Indian Sugar Mills Association (ISMA) said…

Indian billionaires’ wealth grew daily by Rs 2,200 cr last year: Oxfam

Monday, 21 January 2019 16:13
The fortunes of Indian billionaires grew by an astronomical 35 per cent per day last year, or by Rs 2,200 crore daily, while the poorest 10 per cent of the country have continued to remain in debt since 2004, according…

Kotak Mahindra Bank’s Q3 standalone net profit up 22.6%

Monday, 21 January 2019 16:09
Kotak Mahindra Bank on Monday reported a 22.57 per cent increase in its standalone net profit during the October-December quarter on a year-on-year basis. Its standalone net profit stood at Rs 1,290.93 crore, up from Rs 1,053.21 crore recorded during…

Railways fail on job front, reveals an RTI reply

Sunday, 20 January 2019 17:08
Consider these statistics:* Over the years, the Indian Railways is unable to fill vacancies * Till November, 2018, 266,790 Group C & D posts were vacant * Total No of railway employees during 2016-17 was 13,08,323 * Total No of…

RBI slaps Rs 1-cr penalty on Bank of Maharashtra

Thursday, 17 January 2019 09:04
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 “for…

PNB hikes accidental insurance cover for Army personnel, veterans

Friday, 11 January 2019 09:05
The personal accident and air accident insurance covers for serving army personnel and veterans have been increased to Rs 30 lakh and Rs 1 crore, respectively, under an MoU signed here on Thursday by state-run Punjab National Bank and the…

Air India new scheme aims to fill vacant business class seats

Thursday, 10 January 2019 09:19
With an aim to lure more passengers and sell-off its vacant seats in business class, financially stressed Air India has launched a scheme for passengers to upgrade their economy class tickets to business class. Breifing reporters about the new scheme…

IBM earns record patents in 2018, India 2nd highest contributor

Tuesday, 08 January 2019 13:28
IBM investors from India earned over 800 patents — the second highest contributor to the company’s global record of 9,100 patents in the US in 2018 — with nearly half in the fields of Artificial Intelligence (AI), Cloud computing, cyber…

RBI to carefully consider liquidity inducing measures: Governor Das

Tuesday, 08 January 2019 10:07
Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become “loose money” and the apex bank would excercise the measures with caution. The Reserve Bank of India has “a sense”…