NEW DELHI: The government of India is likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month, sources said on Thursday. This will help banks meet regulatory capital requirement. The disbursement is likely to take place before December 31, sources added. Out of the […]
NEW DELHI: President of India Ram Nath Kovind on Wednesday issued orders for the creation of a separate high court for Andhra Pradesh which will start functioning from 1 January 2019 from Amravati. After the creation of Telangana, the high court of the two states was functioning from Hyderabad. With the creation of the new […]
NEW DELHI: Indian-American Rajesh Subramaniam has been named as the president and chief executive officer of US multinational courier delivery giant FedEx Express. Subramaniam, currently the executive vice president, chief marketing and communications officer of FedEx Corporation, will assume his new role on January 1, 2019. He replaces David L Cunningham at the Tennessee-headquartered company. […]
NEW DELHI: The government of India has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline’s core businesses and robust organisational reforms, minister of state for civil aviation Jayant Sinha said on Thursday. Various initiatives to turnaround Air India, which is staying afloat […]
RAIPUR: Chhattisgarh Chief Minister Bhupesh Baghel on Thursday assigned portfolios to his Cabinet colleagues, keeping finance and mining with himself and giving the crucial home department to senior leader Tamradhwaj Sahu. The newly-appointed ministers, who took oath early this week, have been allocated portfolios, a government public relation officer in Raipur said. Besides finance and […]
NEW DELHI: Investments in the Indian capital market through participatory notes climbed to Rs 79,247 crore in November after hitting a nine-and-a-half year low at the end of preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves […]
NEW DELHI: Adani Ports and Special Economic Zone on Wednesday said it has concluded import and delivery of 50 US-made GE locomotives to Indian Railways. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported to Mundra port. “Adani Ports and Special Economic Zone Ltd (APSEZ) successfully concluded the import and […]
NEW DELHI: The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. For the purpose, the central bank has launched a ‘Survey on Retail Payment Habits of Individuals (SRPHi)’. The survey will cover a sample of 6,000 individuals from various socio-economic backgrounds across six cities — […]
By KIM TONG-HYUNG SEOUL: North and South Korea broke ground Wednesday on an ambitious project to modernize North Korean railways and roads and connect them with the South, but without progress in nuclear negotiations, regular trains won’t be crossing the border anytime soon. The ceremony at the North Korean border town of Kaesong came weeks […]
JAIPUR: In a major bureaucratic reshuffle, the Rajasthan government Tuesday transferred 68 IAS officers, including 27 collectors, as per a release of the Department of Personnel. Various officers who were given posting in the previous reshuffle that took place last week were given additional charge of departments or were transferred again. Senior IAS officer of […]
BHOPAL:Madhya Pradesh Chief Minister Kamal Nath expanded his council of ministers on Tuesday by inducting 28 MLAs, including two women legislators and an Independent. Governor Anandiben Patel administered the oath of office to the new ministers at an event attended by Nath and senior Congress leaders. All the ministers took oath in Hindi and they […]
KOLKATA: Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5-million-tonne-per-annum at an investment of $3-4 billion. The plant will be part of the company’s newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vedanta Resources chairman Anil Agarwal said. “This would be a new steel plant […]
NEW DELHI: The Prime Minister of India Narendra Moditoday dedicated the Bogibeel bridge in Assam, to the nation. The bridge, which spans the River Brahmaputra between Dibrugarh and Dhemaji districts of Assam, is of immense economic and strategic significance for the nation. At a massive public meeting in Kareng Chapori, on the northern bank of […]
By NINIEK KARMINI SUMUR: Panicked residents, police and soldiers in this remote fishing village clobbered by a devastating weekend tsunami ran to higher ground Tuesday, shouting “Water is coming! Water is coming!” and reciting verses from the Quran as emergency messages were broadcast over mosque speakers. It proved to be a false alarm, but a […]
By Lalit K Jha WASHINGTON: Bored at the White House on Christmas Eve, a lone Donald Trump spent the day slamming his critics, as the government entered its third day of partial shutdown initiated by a rift with Democrats over the President’s long-promised wall along the US-Mexico border. President Trump, who has cancelled his trip […]
NEW DELHI: The Reserve Bank of India (RBI) will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank. The central bank has already issued new look currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500, besides introducing Rs 200 […]
