New Delhi (IANS) Days before the Lok Sabha election dates were announced, the government paved the way for Adani Power Limited (APL) to set up India’s first power sector special economic zone (SEZ) by amending guidelines. With the amendment to power-related … read more
New Delhi (IANS) The RBI’s latest step on the rupee-dollar swap mechanism will unleash Rs 35,000 crore liquidity in the system, while the credit situation is comfortable, a senior official source said on Monday. “The liquidity situation is comfortable, the dollar-rupee … read more
New Delhi (IANS) After returning to black in the last quarter, lending major Punjab National Bank (PNB) has set a recovery target of Rs 10,000 crore for the concluding Q4, said the company’s Managing Director and Chief Executive Officer Sunil Mehta. … read more
Kolkata (IANS) Bolstered by an encouraging trend in the last general elections and subsequent state assembly polls, many tour operators and travel companies are gearing up for poll tourism, mainly targeting foreign tourists as political parties gear up for the April-May … read more
New Delhi (IANS) The Bank of Baroda may get Rs 5,000 capital infusion from the Finance Ministry ahead of its united operations as a merged entity along with the Vijaya Bank and Dena Bank from April 1. In February, the government … read more
Bengaluru (IANS) Leading IT services firm Mindtree’s board of directors will meet on Wednesday to discuss the company’s proposed buyback, in the backdrop of diversified conglomerate Larsen and Toubro Ltd’s (L&T) bid to take over. “The proposed buyback will be discussed … read more
New Delhi (IANS) Union Civil Aviation Minister Suresh Prabhu on Tuesday directed senior officials to hold an emergency meeting on the grounding of flights by Jet Airways. The Minister for Commerce and Industry and Civil Aviation tweeted: “Directed Secretary, MoCA, to … read more
New Delhi (IANS) A total of 160 private companies and NGOs on Monday made an appeal to all political parties to include decentralised renewable energy solutions in their manifestos for the general elections. The appeal was signed by Panasonic India, Barefoot … read more
Over the last two-to-three decades, the major success story of the Indian economy has been the stellar growth of its IT industry. But as the dividends from the sector reach the eventual inflection point, India needs to build similar competencies … read more
New Delhi (IANS) Cash-strapped Jet Airways pilots’ union has written to the government, seeking its help in recovering their pending salaries along with the accumulated interest. Jet Airways currently has 1,900 pilots on its rolls. In a letter written to Minister … read more