Wednesday, June 29, 2022
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News Updates

J&K Bank Has Metamorphosed Into a PSB And Only The Govt Seems To Be Happy With It

PW Bureau The decision, however, has elicited attacks from the Opposition, who claim that the decision will bring in interference from the government New Delhi: At...

Govt To Pour Rs 54,000 Cr Into PSBs In Next Few Weeks

PW Bureau The infusion would help improve banks’ financial health, sources said, adding that some banks would get necessary regulatory capital while others would get...

IBC Has Purged A Large Part Of The NPA Scourge Infecting The Banking Sector: Injeti Srinivas

PW Bureau Corporate Affairs Secretary Injeti Srinivas said that the IBC (Insolvency and Bankruptcy Code, 2016 ) has also led to a tectonic shift in...

India’s output of crude oil this year is lowest in 7 years

 In October, production went down by about 5 percent to 2,885 thousand tonnes, the lowest output in that month in the past five years since 2013 

To make up for shortfall in GST collection, Govt may have to cut spending by Rs 700 million: SBI report

PW Bureau The SBI report said that an “inevitable” slowdown in global growth would have a substantial impact on India’s GDP growth New Delhi: To make...

Why the Choksi(s) and Mallya(s) may not find it easy to default on loans and flee anymore

PW Bureau A new amendment to the MHA guidelines will allow PSBs to request a look-out circular against wilful defaulters of loans New Delhi: A breakthrough...

HAL Gets First Batch Of Helicopter Structures From Subsidiary NAeL

PW Bureau HAL claims this will give boost to production of Dhruv, Advance Light Helicopter indigenously developed and manufactured by ace defence PSU  Bengaluru/Prayagraj: The HAL’s Helicopter...

Reliance Jio’s basket has the country’s most sought-after account in the telecom industry

PW Bureau Beginning January 1, Jio will power telephone calls, messages and data usage of around 3,78,000 Indian railway employees New Delhi: Reliance Jio has edged...

A new reform will change the way CMDs of PSUs are appointed

PW Bureau The government will not require any approval from the PESB and DPE to appoint board-level officers and will instead just route its proposal...

GRSE launches two fast patrol vessels for Indian Coast Guard

Vessels ICGS Amrit Kaur and ICGS Kamla Devi are the third and fourth in the series of five FPVs built by GRSE for the Indian Coast Guard

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