Sunday, November 27, 2022

News Updates

Govt mulling $2 billion share sale of ONGC, IOC & OIL to meet divestment target

The Ministry of Finance is planning a mix of share sales and buybacks by state oil companies to raise the money 

ONGC tells govt: Will buy back govt shares or pay interim dividend, not both

Sources say that the decision seems to be the consequence of an internal meeting where the trade union was assured that the grievances voiced in the September 4 letter will be looked into

Air India CMD says bailout plan short-term measure, not alternative to divestment

PW Bureau If Air India goes through with the plan, it will be left with a debt of about Rs 26,000 crore, mostly accruing from...

Coal India Q2 numbers meet estimates, profit rises 8 times

PW Bureau Revenue in the July-September period rose 22.3 percent to Rs 22,198.1 crore, compared to the same period last year New Delhi: Coal India’s Q2...

NBCC to unveil new joint development policy tomorrow: Sources

PW Bureau Under the new policy, NBCC will invite other companies to submit their expression of interest, while it will work as a project management...

Niti Aayog is working on a plan to make India coal-sufficient

PW Bureau The government thinktank has invited bids for research/ study on linking coal production and consumption requirements in the country New Delhi: To ensure India...

Allahabad Bank trims losses, but NPAs rise by 2 percent

PW Bureau In its regulatory filing, the bank attributed its losses to higher provisioning on account of NCLT-referred accounts and ageing NPAs New Delhi: Even as...

BoB, Vijaya Bank, Dena Bank will decide on share swap ratio by December 15

PW Bureau After the banks finalise the share swap ratio, it will be subject to the approvals of the respective boards, RBI and Parliament New Delhi:...

I do not lie, I chose Reliance over HAL and Tata, says Dassault CEO

PW Bureau The CEO said that the money invested by Dassault as part of the Rafale deal was not going to Reliance directly but to...

Ahead of 2019, Twitter is offering India and its politicians a platter of tools to go viral

PW Bureau On his maiden trip to India, Dorsey is expected to offer the social media team of political parties tools used in the 2016 US...

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