CNX Nifty Current Affairs, GK & News
Cabinet approves Sale of Government stake in CPSEs
On 20 Nov, the Union Cabinet approved the sale of government’s stake in Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India (SCI) and freight-linked container corporation of India (CONCAR). The move was a major step towards privatization. Finance Minister Nirmala Sitharaman said that the government has also approved to bring down the stake in ..
Topics: Bharat Petroleum • Bina Refinery • CNX Nifty • Container Corporation of India • Economy of India • India • North Eastern Electric Power Corporation Limited • Numaligarh • Numaligarh Refinery • Sagar district • Shipping Corporation of India • States and union territories of India
Petroleum minister Dharmendra Pradhan visits oil field
The Sakhalin oil field in Russia is a prolific oil producing field like Bombay High. Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055. It is in news because the Union Minister of Petroleum and Natural Gas & Steel – ..
Topics: BSE SENSEX • CNX Nifty • Companies • Economies • ExxonMobil • Ministry of Petroleum and Natural Gas • Oil and Natural Gas Corporation • Oil well
Supreme Court upholds definition of Adjusted Gross Revenue
The Supreme Court (SC) has recently upheld the definition of Adjusted Gross Revenue (AGR) calculation as stipulated by the Department of Telecommunications (DoT). As per SC ruling, the telecom companies will now have to pay up approx Rs 92,642 crore to the government, more than half of which are owed by Airtel and Vodafone. The ..
Topics: Airtel Africa • Bharti Airtel • BSE SENSEX • CNX Nifty • Companies • Telecommunications • Vodafone
HPCL and Power Grid Corporation get Maharatna status in October 2019
Government of India has accorded ‘Maharatna’ status to public sector undertaking’s (PSU’s) Hindustan Petroleum Corporation Limited (HPCL) and Power Grid Corporation. Two separate orders to this effect were issued by Department of Public Enterprises, under Union Ministry of Heavy Industry and Public Enterprises.
Topics: Barmer Refinery • CNX Nifty • Companies • Economy of India • Hindustan Petroleum • India • Public sector undertakings in India
Rajnish Kumar appointed as new chairman of Indian Banks’ Association
SBI chairman Rajnish Kumar has been appointed as the new chairman of Indian Banks’ Association (IBA) for 2019-20. He succeeded Sunil Mehta, who was the MD & CEO of Punjab National Bank (PNB). The IBA represents banks’ interests with the government and regulators.
Topics: Banking in India • CNX Nifty • Economy of India • Financial services • IBA • Indian Banks' Association • Public Sector Banks in India • Punjab National Bank • Rajnish Kumar • State Bank of India • Sunil