Tuesday, January 31, 2023

News Updates

EC asks OMCs to put petrol pump allotment on hold for now

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

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

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

PSB dividend payout for FY18-19 way below the estimate

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:...

NMDC’s Chhattisgarh steel plant undergoing price revision

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...

For first time in 3 years, India imported more steel that it exported in FY18-19

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...

India’s Directorate of Naval Design gets a virtual reality centre

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...

RBI thinks merger of PSBs is the way to purge the sector of its ills

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...

GE Power wins Rs 142-cr order from NTPC

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

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

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...

You will now get live updates on your insurance claim, because IRDAI has said so

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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