Tuesday, January 31, 2023
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EC asks OMCs to put petrol pump allotment on hold for now

PSU Watch Bureau -

The OMCs had approached the EC around mid-March and had said that they wanted to at least give letter of intents to 31,800 successful bidders in April & May

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PNB Housing Finance is offering a home loan of longer duration with lower EMIs? Should you opt for it?

PSU Watch Bureau -
Before you opt for a home loan, bear in mind that the value of the EMI depends on the term of the loan. The longer the loan, the higher the interest you will be paying
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PSB dividend payout for FY18-19 way below the estimate

PSU Watch Bureau -
PW Bureau The low dividends paid by PSBs to the government can be primarily attributed to low profitability and higher provisioning for bad loans New Delhi:...
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NMDC’s Chhattisgarh steel plant undergoing price revision

PSU Watch Bureau -
PW Bureau The plant, which was first proposed in 2010-11 was earlier expected to cost $2.2 billion, but it has seen cost escalation at least...
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For first time in 3 years, India imported more steel that it exported in FY18-19

PSU Watch Bureau -
PW Bureau India’s exports declined after China, Japan, South Korea and Indonesia ramped up exports to the Middle East and Africa after being blocked from...
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India’s Directorate of Naval Design gets a virtual reality centre

PSU Watch Bureau -
PW Bureau This centre would provide a major boost to the indigenous warship design capabilities of Indian Navy, providing impetus to self-reliance New Delhi: Admiral Sunil...
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RBI thinks merger of PSBs is the way to purge the sector of its ills

PSU Watch Bureau -
PW Bureau To make its case, the RBI research paper also mentions that the number of cost-efficient banks in India has reduced from 19 in...
Corporate Watch

GE Power wins Rs 142-cr order from NTPC

PSU Watch Bureau -

The order makes for the first big-ticket order awarded by the PSU on such a large scale for installing this technology at its thermal power plants

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EXCLUSIVE: India’s first watch museum, courtesy HMT, opens to public on April 12. Here’s a preview

PSU Watch Bureau -
Shalini Sharma According to sources, the opening of the museum had been on the anvil since January but because of the non-availability of authorities in...
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You will now get live updates on your insurance claim, because IRDAI has said so

PSU Watch Bureau -
PW Bureau The insurance regulator urged insurance companies to make available a tracking mechanism for policyholders to enable them to know the status of their...
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