Indian companies established Current Affairs, GK & News

Amit Shah launches Winter-Grade Diesel for Ladakh

On 18 Nov, Union Home Minister Amit Shah through video-conferencing inaugurated First Winter-Grade Diesel outlet for Ladakh .  The winter-grade diesel has been developed by the Indian Oil Corporation Limited (IOCL) to address the problem of loss of fuel during extreme winter conditions.   The move will help to address the problem faced by people due ..

Topics: 

National Centre for Clean Coal Research and Development (NCCCR&D) launched Bengaluru

In Bengaluru, the National Centre for Clean Coal Research and Development (NCCCR&D) has been launched at the Indian Institute of Science (IISc.) by the Department of Science & Technology (DST). The NCCCR&D is a national consortium that will address opportunities and challenges in the development of clean coal technologies. The target beneficiaries of NCCCR&D include ..

Topics: 

Development Financial Institutions

Development Financial Institutions are specialized institutions set up primarily to provide development/ Project finance especially in developing countries. These development banks are usually majority-owned by national governments. The source of capital of these banks is national or international development funds. This ensures their creditworthiness and their ability to provide project finance in a very competitive rate. ..

Topics: 

RBI initiates PCA against Allahabad Bank over its high bad loans

The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute to the overall improvement in risk management, asset quality, profitability, efficiency of the bank. The ..

Topics: 

IDBI bank launched ‘Project Nishchay’ to improve financial performance

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. As part of the initiative, IDBI bank will focus on four key areas – revenue enhancement, cost control ..

Topics: 

Government approval to stake sales in four state companies

To further divestment programme, Govt of India cleared stake sales in four state-run companies. The move is expected to give a fillip to the reform agenda. The cabinet approved stake sales in: Hindustan Copper Ltd National Aluminium Co Ltd MMTC Ltd Oil India Ltd. The govt targets to generate 300 billion rupees through share sales ..

Month: 

Topics: